67 |
Pentagon Park |
OF |
$18,356,711 |
279,487 |
73.4 |
5.910000 % |
90+ | 4510, 4815, 4901 & 4940 West 77th Street;4900-4960 West Viking & 7701 Normandale Road; 7600 Parklawn, Edina MN 55435 | | 0.4% | 67% | 1.00x (UW) | Merrill Lynch |
| | | Tenant | % | Expires | | Benchmark Computer Learning | 11.29 | 04/30/12 | | Fidelity Bank | 6.57 | 07/31/09 | | All Cities Mortgage and Financial Inc. | 3.18 | 04/30/12 |
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Default notice has been sent to Borrower and Mezzanine Lender. Will continue to discuss potential alternatives to foreclosure with Borrower at this time.
|
221 |
Executive Business Center at the District |
OF |
$3,287,329 |
24,543 |
74.2 |
6.000000 % |
90+ | 801 East Fern Avenue, McAllen TX 78501 | | 0.1% | 68% | 0.66x (9 mths) | Merrill Lynch |
| | | Tenant | % | Expires | | Cox Smith Matthews Incorporated | 9.77 | | | JP Morgan Chase | 8.10 | 03/31/07 | | T.A. & A.D., LP | 7.15 | 03/31/07 |
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Loan was transferred June 11, 2009 due to payment default. Lender is working to determine the value of the property. Depending on the outcome and Borrower\'s response, Lender will either foreclose, complete a note sale or negotiate a workout with the Borrower.
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