Transaction: WBCMT 2006-C28
Property: Brookfield Lakes Corporate Center
City/State: Brookfield, WI
Property Type: Office
Balance: $58,259,842
Percentage of Deal: 11.45%
Maturity Date: October 11, 2016
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 04/11/16
Previously in Special Servicing: No
Previously Modified: No
Friday, October 28, 2016
Thursday, October 27, 2016
COMM 2006-C7: do you own class AJ? Oops!!
There are only two classes outstanding in this deal for a total of about $130MM. If losses exceed $20MM, class AJ takes writedowns. Noch ein Erfolg (yet another success), Deutsche Bank!
Transaction: COMM 2006-C7
Property: Fiddler's Green Center
City/State: Greenwood Village, CO
Property Type: Office
Balance: $61,600,000
Percentage of Deal: 47.82%
Modified Maturity Date: May 1, 2018
MS: Midland Loan Services
SS: CWCapital Asset Management
Reason for Transfer: Other
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: Yes; Returned to Master Servicer 03/27/13
Previously Modified: Yes, Maturity increased by 24 periods to 05/2018; IO periods increased by 60
Transaction: COMM 2006-C7
Property: Fiddler's Green Center
City/State: Greenwood Village, CO
Property Type: Office
Balance: $61,600,000
Percentage of Deal: 47.82%
Modified Maturity Date: May 1, 2018
MS: Midland Loan Services
SS: CWCapital Asset Management
Reason for Transfer: Other
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: Yes; Returned to Master Servicer 03/27/13
Previously Modified: Yes, Maturity increased by 24 periods to 05/2018; IO periods increased by 60
Monday, October 24, 2016
COMM 2006-C8: 3.4% transferred in Sep for maturity default, this month another 3.4% goes down the loo
Transaction: COMM 2006-C8
Property: The Park at Spanish Ridge
City/State: Las Vegas, NV
Property Type: Office
Balance: $24,357,009
Percentage of Deal: 3.41%
Maturity Date: November 1, 2016
MS: Midland Loan Services
SS: LNR Partners, LLC
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 08/04/16
Previously in Special Servicing: No
Previously Modified: No
Property: The Park at Spanish Ridge
City/State: Las Vegas, NV
Property Type: Office
Balance: $24,357,009
Percentage of Deal: 3.41%
Maturity Date: November 1, 2016
MS: Midland Loan Services
SS: LNR Partners, LLC
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 08/04/16
Previously in Special Servicing: No
Previously Modified: No
Friday, October 21, 2016
WBCMT 2007-C30: 2% previously modified into A/B notes goes back for more
I wondered why S&P has the AJ class of this deal rated at D even
though it is current with respect to P&I and has 16% credit support.
Maybe S&P knew something I didn't!
Transaction: WBCMT 2007-C30
Property: NJ Office Pool
City/State: Multiple Cities, NJ
Property Type: Office
Balance: $ 62,118,000 ($21,168,000 B-Note)
Percentage of Deal: 1.37%
Maturity Date: February 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default (Balloon/Maturity Default)
On Servicer Watchlist Prior to Transfer: Yes; 10/11/13
Previously in Special Servicing: Yes; Returned to Master Servicer 8/23/13
Previously Modified: Yes; Hope Note Created
Transaction: WBCMT 2007-C30
Property: NJ Industrial & Office Pool
City/State: Multiple Cities, NJ
Property Type: Industrial & Office
Balance: $33,352,000 ($11,552,000 B-Note)
Percentage of Deal: 0.73%
Maturity Date: February 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default (Balloon/Maturity Default)
On Servicer Watchlist Prior to Transfer: Yes; 3/11/14
Previously in Special Servicing: Yes; Returned to Master Servicer 2/12/14
Previously Modified: Yes; Hope Note Created
though it is current with respect to P&I and has 16% credit support.
Maybe S&P knew something I didn't!
Transaction: WBCMT 2007-C30
Property: NJ Office Pool
City/State: Multiple Cities, NJ
Property Type: Office
Balance: $ 62,118,000 ($21,168,000 B-Note)
Percentage of Deal: 1.37%
Maturity Date: February 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default (Balloon/Maturity Default)
On Servicer Watchlist Prior to Transfer: Yes; 10/11/13
Previously in Special Servicing: Yes; Returned to Master Servicer 8/23/13
Previously Modified: Yes; Hope Note Created
Transaction: WBCMT 2007-C30
Property: NJ Industrial & Office Pool
City/State: Multiple Cities, NJ
Property Type: Industrial & Office
Balance: $33,352,000 ($11,552,000 B-Note)
Percentage of Deal: 0.73%
Maturity Date: February 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default (Balloon/Maturity Default)
On Servicer Watchlist Prior to Transfer: Yes; 3/11/14
Previously in Special Servicing: Yes; Returned to Master Servicer 2/12/14
Previously Modified: Yes; Hope Note Created
Thursday, October 20, 2016
BSCMS 2006-PW14: 5.4% says excuse me!
Transaction: BSCM 2006-PWR14
Property: Fountain Square
City/State: Brookfield, WI
Property Type: Retail
Balance: $39,250,000
Percentage of Deal: 5.39%
Maturity Date: October 1, 2016
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 02/04/16
Previously in Special Servicing: Yes; Returned to the Master Servicer 1/6/16
Previously Modified: No
Property: Fountain Square
City/State: Brookfield, WI
Property Type: Retail
Balance: $39,250,000
Percentage of Deal: 5.39%
Maturity Date: October 1, 2016
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 02/04/16
Previously in Special Servicing: Yes; Returned to the Master Servicer 1/6/16
Previously Modified: No
GSMS 2007-GG10: Benchmark deal heading sourh with another 5.5% going to special
Transaction: GSMS 2007-GG10
Property: TIAA RexCorp New Jersey Portfolio
City/State: Madison, Short Hills, and Morristown, NJ
Property Type: Office
Balance: $270,375,000
Percentage of Deal: 5.53%
Maturity Date: February 6, 2017
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Monetary (Balloon/Maturity Default)
On Servicer Watchlist Prior to Transfer: Yes, 04/06/12
Previously in Special Servicing: No
Previously Modified: No
Property: TIAA RexCorp New Jersey Portfolio
City/State: Madison, Short Hills, and Morristown, NJ
Property Type: Office
Balance: $270,375,000
Percentage of Deal: 5.53%
Maturity Date: February 6, 2017
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Monetary (Balloon/Maturity Default)
On Servicer Watchlist Prior to Transfer: Yes, 04/06/12
Previously in Special Servicing: No
Previously Modified: No
Friday, October 14, 2016
LBUBS 2007-C6: 1.5% does another "Other" transfer
Transaction: LBUBS 2007-C6
Property: Lakeland Town Center
City/State: Lakeland, FL
Property Type: Retail
Balance: $25,100,000
Percentage of Deal: 1.49%
Maturity Date: June 11, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Other
On Servicer Watchlist Prior to Transfer: Yes, 03/11/15
Previously in Special Servicing: No
Previously Modified: No
Property: Lakeland Town Center
City/State: Lakeland, FL
Property Type: Retail
Balance: $25,100,000
Percentage of Deal: 1.49%
Maturity Date: June 11, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Other
On Servicer Watchlist Prior to Transfer: Yes, 03/11/15
Previously in Special Servicing: No
Previously Modified: No
GSMS 2006-GG8: 2 maturing loans constituting 8% go plop plop fizz fizz
Transaction: GSMS 2006-GG8
Property: Algonquin Center
City/State: Algonquin, IL
Property Type: Retail
Balance: $28,600,000
Percentage of Deal: 5.03%
Maturity Date: October 6, 2016
MS: Wells Fargo
SS: C-III Asset Management, LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 07/06/16
Previously in Special Servicing: No
Previously Modified: No
Transaction: GSMS 2006-GG8
Property: Gateway Mall
City/State: Machesney Park, IL
Property Type: Retail
Balance: $20,750,000
Percentage of Deal: 2.86%
Maturity Date: October 6, 2016
MS: Wells Fargo
SS: C-III Asset Management, LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 07/06/16
Previously in Special Servicing: No
Previously Modified: No
Property: Algonquin Center
City/State: Algonquin, IL
Property Type: Retail
Balance: $28,600,000
Percentage of Deal: 5.03%
Maturity Date: October 6, 2016
MS: Wells Fargo
SS: C-III Asset Management, LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 07/06/16
Previously in Special Servicing: No
Previously Modified: No
Transaction: GSMS 2006-GG8
Property: Gateway Mall
City/State: Machesney Park, IL
Property Type: Retail
Balance: $20,750,000
Percentage of Deal: 2.86%
Maturity Date: October 6, 2016
MS: Wells Fargo
SS: C-III Asset Management, LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 07/06/16
Previously in Special Servicing: No
Previously Modified: No
Tuesday, October 11, 2016
WBCMT 2007-C30: 0.5% transfers to special. Does anyone even know where Dardenne Prairie is?
Transaction: WBCMT 2007-C30
Property: Dardenne Town Square
City/State: Dardenne Prairie, MO
Property Type: Retail
Balance: $22,427,672
Percentage of Deal: 0.47%
Maturity Date: January 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default (Balloon/Maturity Default)
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: No
Previously Modified: No
Property: Dardenne Town Square
City/State: Dardenne Prairie, MO
Property Type: Retail
Balance: $22,427,672
Percentage of Deal: 0.47%
Maturity Date: January 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default (Balloon/Maturity Default)
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: No
Previously Modified: No
MSC 2006-IQ12: In honor of the Jewish Holidays, 4% says Oy Vey!
Transaction: MSC 2006-IQ12
Property: Regency Park North
City/State: Brandon, FL
Property Type: Office
Balance: $29,000,000
Percentage of Deal: 3.98%
Maturity Date: 10/1/2016
MS: Berkadia
SS: C-III Asset Management LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 5/09/2016
Previously in Special Servicing: No
Previously Modified: No
Property: Regency Park North
City/State: Brandon, FL
Property Type: Office
Balance: $29,000,000
Percentage of Deal: 3.98%
Maturity Date: 10/1/2016
MS: Berkadia
SS: C-III Asset Management LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 5/09/2016
Previously in Special Servicing: No
Previously Modified: No
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