![]() Loan is part of an A ($62.03 million) and B note ($10.0 million) structure, wherein the B-Note is subordinate. Property amenities include four swimming pools, a community center, leasing and management offices, laundry facilities, fitness centers, racquetball, tennis, and volleyball courts, a car wash, and garages. (WJMN) The Mackinac Bridge Authority (MBA) will no longer utilize MacPass toll cards in 2021, but will now impliment a new windshield-mounted sticker. The property was developed in four phases between 19 and renovated in 2010. The second largest loan (5.9% of the pool) is secured by Paradise Island, a 1,112-unit, 55-building apartment complex located in Jacksonville, FL. Amenities include an outdoor swimming pool, barbecue grills and outdoor dining tables, 24-hour concierge, two 24-hour fitness centers, Iinternet lounge, central courtyard, game room, business center, rooftop sundeck, conference room, library, two laundry facilities, and garage parking. The property benefits from attractive amenities, proximity to Washington, D.C., and access to public transportation, employment centers, retail shopping, and major thoroughfares. For complete information about MACPASS, please read the user guide. One of our customer service representatives will be happy to complete your order. That's why the Mackinac Bridge Authority (MBA) is retiring the old cards and urging MacPass account holders to make the switch before the end of the year. Octo- The MacPass toll cards were good, but the new windshield-mounted stickers are better. The property was built in 1967 and underwent capital improvements in 2003. Drop by the MACPASS Customer Service Centre at 471 Princess Margaret Blvd from Monday to Friday between 8:30 am and 5:30 pm. MacPass account holders: time to swap your old card for a new sticker. The largest loan of the pool (10.0% of the pool) is secured by Crystal Plaza, a 539-unit, high-rise apartment complex situated on approximately five acres in Arlington, VA. ![]() The pool’s overall net operating income (NOI) has been stable with a 3% NOI increase compared to issuer underwriting at issuance. Approximately 37% of the loans reported year-end (YE) 2011 financials and 44 of the loans (73% of the pool) reported year-to-date (YTD) September 2012 financials. ![]() The pool’s aggregate principal balance has been paid down by 0.3% to $1.22 billion from $1.23 billion at issuance. As of the January 2013 distribution date, the pool has had no delinquent or specially serviced loans. The affirmations are based on the stable performance of the underlying collateral pool. A detailed list of rating actions follows at the end of this press release. ![]() NEW YORK, February 14 (Fitch) Fitch Ratings has affirmed six classes of FREMF 2012-K706 multifamily mortgage pass-through certificates and three classes of Freddie Mac structured pass-through certificates, series K-706. ![]()
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