MSC 2006-T23: another "Other" transfer

Transaction: MSC 2006-TOP23

Property: 150 Hillside Avenue

City/State: White Plains, NY

Property Type: Office

Balance: $20,775,368

Percentage of Deal: 26.06%

Maturity Date: June 1, 2018

MS: Wells Fargo

SS: C-III Asset Management

Reason for Transfer: Other

On Servicer Watchlist Prior to Transfer: Yes, 04/05/17

Previously in Special Servicing: No

Previously Modified: No

BSCMS 2007-T28: Sept. 8, 2017, isn't that tomorrow? 24.5% goes into special servicing

Transaction: BSCMS 2007-TOP28
Property: Charleston Town Center
City/State: Charleston, WV
Property Type: Retail
Balance: $93,096,469
Percentage of Deal: 24.51%
Maturity Date: September 8, 2017
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 06/07/17
Previously in Special Servicing: No
Previously Modified: No

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

BSCMS 2006-PW11: 28.4% returns to special. Where's the Mod Squad now?

Transaction: BSCMS 2006-PW11
Property: Hickory Point Mall
City/State: Forsyth, IL
Property Type: Retail
Balance: $27,446,365
Percentage of Deal: 28.43%
Maturity Date: December 1, 2018*
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Monetary Default 
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: Yes; Returned to the Master Servicer 08/05/16
*Previously Modified: Yes; Term increased by 36 periods; maturity extended to 12/2018. IO period increased to 156 periods (full term)

MSC 2007-IQ16: 6.1% of CA office goes to special, Remember, IQ stands for Intermediate Quality.

Transaction: MSC 2007-IQ16
Property: 20770-20810 Madrona Avenue
City/State: Torrance, CA
Property Type: Office
Balance: $33,453,891
Percentage of Deal: 6.09%
Maturity Date: August 8, 2017
MS: Berkadia
SS: LNR Partners
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 07/08/16
Previously in Special Servicing: Yes; Returned to Master Servicer 11/14/12
Previously Modified: No

GSMS 2006-GG8: Mods don't always help. 8.6% returns to special servicing

Transaction: GSMS 2006-GG8
Property: Algonquin Center
City/State: Algonquin, IL
Property Type: Retail
Balance: $28,600,000
Percentage of Deal: 8.63%
Modified Maturity Date: October 6, 2017
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 07/06/17
Previously in Special Servicing: Yes; Returned to the Master Servicer 06/09/17
Previously Modified: Yes; Term and IO period increased by 12 months

MLMT 2007-C1: 5.8% goes into special for imminent maturity default in June?

Transaction: MLMT 2007-C1
Property: Columbia/Brook Park MHC Rollup
City/State: Various, OH 
Property Type: Mobile Home Park
Balance: $55,000,000
Percentage of Deal: 5.77%
Maturity Date: June 1, 2017
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 03/08/17
Previously in Special Servicing: No
Previously Modified: No

BSCMS 2007-PW18: Bear Stearns, we miss you! 6.9% goes into special.

Transaction: BSCMS 2007-PW18
Property: Marriott Houston Westchase
City/State: Houston, TX 
Property Type: Hotel
Balance: $72,658,828
Percentage of Deal: 6.91%
Maturity Date: November 1, 2017
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes; 09/08/15
Previously in Special Servicing: No
Previously Modified: No 

MSC 2008-T29: 2.8% term defaults. Hablas espanol?

Transaction: MSC 2008-T29
Property: Reparto Metropolitano
City/State: Rio Piedras, PR
Property Type: Retail
Balance: $20,578,702
Percentage of Deal: 2.80%
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: No
Previously in Special Servicing: No
Previously Modified: No

JPMCC 2007-LD12: 4.7% says Happy Bastille Day!

Transaction: JPMCC 2007-LD12
Property: Bentley Mall
City/State: Fairbanks, AK
Property Type: Retail
Balance: $27,017,784
Percentage of Deal: 4.72%
Maturity Date: June 1, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 11/08/16
Previously in Special Servicing: No
Previously Modified: No

WBCMT 2005-C21: 38.9% already extended for two years going to maturity default

Transaction: WBCMT 2005-C21
Property: Metropolitan Square 
City/State: Saint Louis, MO       
Property Type: Office
Balance: $124,144,153
Percentage of Deal: 38.92%
Modified Maturity Date: August 11, 2017
MS: Wells Fargo
SS: Wells Fargo Bank, N.A
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 06/11/15
Previously in Special Servicing: Yes; Returned to Master Servicer 3/21/13
Previously Modified: Maturity increased by 24 periods until 08/2017. 
IO period extended. Rate changes over time

BSCMS 2006-PW16: 24.4% not watchlisted, not in special servicing, maturity defaults

Transaction: BSCMS 2007-PW16
Property: Shops at Northern Boulevard
City/State: Long Island City, NY
Property Type: Retail
Balance: $35,961,324
Percentage of Deal: 24.36%
Maturity Date: June 1, 2017
MS: Wells Fargo
SS: C-III Asset Management LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: No
Previously Modified: No

BACM 2007-5: 7.8% heads to special

Transaction: BACM 2007-5
Property: 4000 Wisconsin Avenue
City/State: Washington, DC
Property Type: Office
Balance: $53,000,000
Percentage of Deal: 7.84%
Maturity Date: April 1, 2018
MS: Berkadia
SS: C-III Asset Management LLC
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 05/04/17
Previously in Special Servicing: No
Previously Modified: No

CSMC 2008-C1: No wonder there's a new team of originators at CS ... 22.2% goes into special

Transaction: CSMC 2008-C1
Property: Killeen Mall
City/State: Killeen, TX
Property Type: Retail
Balance: $82,000,000
Percentage of Deal: 22.23%
Maturity Date: July 11, 2017
MS: Berkadia
SS: C-III Asset Management LLC
Reason for Transfer: Potential/Imminent Default
On Servicer Watchlist Prior to Transfer: Yes, 05/11/17
Previously in Special Servicing: No
Previously Modified: No

LBUBS 2007-C6: Newark NJ office, 4.6% of pool, goes into special servicing

Transaction: LBUBS 2007-C6
Property: 707 Broad Street
City/State: Newark, NJ
Property Type: Office
Balance: $42,000,000
Percentage of Deal: 4.56%
Maturity Date: September 11, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 01/11/16
Previously in Special Servicing: No
Previously Modified: No

BSCMS 2007-PW17: Let's shortfall the AJ a little more, shall we?

Transaction: BSCMS 2007-PW17
Property: City Center Englewood
City/State: Englewood, CO
Property Type: Retail
Balance: $33,000,000
Percentage of Deal: 2.92%
Maturity Date: August 1, 2017
MS: Wells Fargo
SS: C-III Asset Management LLC
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 05/08/17
Previously in Special Servicing: No
Previously Modified: No

CSMC 2007-C5: 6.8% on the watchlist for only a month before imminent maturity default. Oops!

Transaction: CSMC 2007-C5
Property: Mesilla Valley Mall
City/State: Las Cruces, NM
Property Type: Retail
Balance: $54,000,000
Percentage of Deal: 6.75%
Maturity Date: July 11, 2017
MS: Berkadia
SS: KeyCorp Real Estate Capital Markets, Inc.
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 05/11/17
Previously in Special Servicing: No
Previously Modified: No

WBCMT 2007-C33: Independence Center, 17.3% of the pool, becomes less independent, goes to special

https://commercialobserver.com/2017/06/200m-loan-on-simon-property-groups-missouri-mall-heads-to-special-servicing-trepp/

MSC 2007-TOP27: The hits keep on coming ... another 5.2% goes to the special servicer

Transaction: MSCI 2007-TOP27
Property: Residence Inn - Herndon
City/State: Herndon, VA
Property Type: Hotel
Balance: $26,500,000
Percentage of Deal: 5.16%
Maturity Date: June 1, 2017
MS: Wells Fargo
SS: C-III Asset Management LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 02/08/16
Previously in Special Servicing: No
Previously Modified: No

CWCI 2007-C3: Wachovia strikes again! 7% goes into special servicing

Transaction: CWCI 2007-C3
Property: Sheraton Suites - Wilmington, DE
City/State: Wilmington, DE
Property Type: Hotel
Balance: $34,116,613
Percentage of Deal: 6.99%
Maturity Date: June 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 09/11/12
Previously in Special Servicing: No
Previously Modified: No