MSC 2007-IQ16: Another 19% transfers to special servicing for imminent maturity and covenant defaults

Transaction: MSC 2007-IQ16
Property: Bangor Mall
City/State: Bangor, ME
Property Type: Retail
Balance: $80,000,000
Percentage of Deal: 14.55%
Maturity Date: October 1, 2017
MS: Berkadia
SS: LNR Partners
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 02/08/16
Previously in Special Servicing: No
Previously Modified: No

Transaction: MSC 2007-IQ16
Property: Century XXI
City/State: Germantown, MD
Property Type: Office
Balance: $25,300,000
Percentage of Deal: 4.60%
Maturity Date: November 1, 2017
MS: Berkadia
SS: LNR Partners
Reason for Transfer: Covenant Default
On Servicer Watchlist Prior to Transfer: Yes, 09/09/13
Previously in Special Servicing: No
Previously Modified: No