Property: 90 Merrick Avenue
City/State: East Meadow, NY
Property Type: Office
Balance: $38,000,000
Percentage of Deal: 2.37%
Maturity Date: February 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes; 07/11/16
Previously in Special Servicing: No
Previously Modified: No
Yes, it was indeed watchlisted 8 days prior to transfer with code 6A, which means:
User Added Trigger - Any other situation that indicates an
increased level of default risk that may create potential losses to investors The servicer's watchlist comment does help clear things up a bit:
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