While often it is the high-dollar CMBS loans that go into special servicing that get all of the attention, this we we highlight some of the most recent small loan balance retail centers that have moved into special servicing this past month.
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. | Name | Address | Current Balance | CMBS; Special Servicer | Comment |
. | Palmetto Crossroads | 65 Bow Circle, Hilton Head Island, SC | $2,840,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | Phillips Edison - Crossroads East | 2800 S. Hamilton Road, Columbus, OH | $3,103,318 | LB-UBS 2003-C3; Berkadia | Loan transferred to special servicing effective 8/1/12. File being reviewed to determine workout strategy going forward. |
. | Irving West | 1407 - 1433 N. Belt Line Road, Irving, TX | $3,410,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | Oglesby Square | 2101 - 2121 Eisenhower Parkway, Macon, GA | $3,900,460 | Wach 2005-C17; CWCapital | Loan transferred to special servicing effective 8/1/12. File being reviewed to determine workout strategy going forward. |
. | South Main Street Plaza | 2250 S. Main St., Bellefountaine, OH | $4,099,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | Silver Hill | 2702 Pine Hills Road, Orlando, FL | $4,240,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | Eastridge Crossing | 200 Thompson St., Hendersonville, NV | $4,250,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | Squirewood Village | 115 W. Highway 25/70, Dandridge, TN | $4,438,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | Houston Square | 207 Russell Parkway, Warner Robins, GA | $4,718,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | Lakeview Plaza | 2310 Fortune Road, Kissimmee, FL | $4,968,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | Concord Crossing | 585 Warren C. Coleman Blvd. South, Concord, NC | $5,098,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | Pulaski Plaza | 1200 E. Main St., Pulaski, VA | $5,120,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | Oak Tree Plaza Shopping Center | 1435-1449 Loop 288 South, Denton, TX | $5,400,351 | SB 2002-KEY2; C-III Asset | Borrower had notified KeyBank that they would not be able to pay the loan off on maturity date of May 1, 2012. |
. | Tellico Plaza | 785 Highway 321 North, Lenoir City, TN | $5,500,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
. | North Aiken Bi-Lo Center | 1145 York St. NE, Aiken, SC | $5,750,000 | LB-UBS 2007-C6; Midland | Borrower had requested that the loan be transferred into special servicing due to an imminent payment default. |
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