GCCFC 2006-GG7: 25.8% goes back into special, not modified enough, it seems

The JP Morgan International Plaza I and II loan held in GCCFC 2006-GG7 ($158mn, 25.8%) was transferred to special servicing on October 20, 2017, due to the borrower expressing its inability to repay the loan at its upcoming February 6, 2018, maturity date. The loan is secured by a 757k sq. ft. office in Farmers Branch, TX—fully leased through February 28, 2018, to JP Morgan Chase, which has expressed its intent to vacate the property. There is no replacement tenant at present. The loan was previously corrected in 2016, which resulted in an extension of the loan’s original June 6, 2016, maturity date. At that time, there was uncertainty regarding JP Morgan Chase’s intention to stay at the property. (Source: S&P Global Ratings)

WFCM 2012-LC5 : 13.7% goes into special

Transaction: WFCM 2012-LC5 
Property: Westside Pavilion (Transferred September 1, 2017) 
City/State: Los Angeles, CA 
Property Type: Retail 
Balance: $142,255,433 
Percentage of Deal: 13.66% 
Maturity Date: October 1, 2022 
MS: Wells Fargo 
SS: Rialto Capital Advisors, LLC 
Reason for Transfer: Imminent Monetary Default 
On Servicer Watchlist Prior to Transfer: No 
Previously in Special Servicing: No 
Previously Modified: No

MSC 2008-T29: PR Retail transfers to special. This didn't take very long

Transaction: MSC 2008-TOP29
Property: 65 Infanteria Shopping Center
City/State: Rio Piedras, PR
Property Type: Retail
Balance: $21,522,288
Percentage of Deal: 3.34%
Maturity Date: January 1, 2018 
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 05/08/17
Previously in Special Servicing: No
Previously Modified: No