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In a surrender to a creditor by deed in lieu of foreclosure, the consideration will include the entire amount of the liabilities encumbering the property.
Simultaneously with the closing of the loan, the Operating Partnership transferred to Prime Equity (i) its interest in the Junior Loan encumbering Continental Towers, (ii) its 50% common membership interest in 77 West Wacker Drive, L.
Fitch will remain focused on the credit support of the unencumbered pool and whether it is significantly eroded through asset sales or encumbering of assets with mortgage debt to warrant a ratings downgrade.
The Lehman loan is secured by a first mortgage encumbering the Company's One IBM Plaza office property located at 330 North Wabash Avenue, Chicago, Illinois.
7 million encumbering the fee interests in 84 drugstores leased to subsidiaries of CVS Corp.
The credit lease-backed certificates are collateralized by a first mortgage and assignment of lease encumbering a condominium interest in a two-story industrial building in Yonkers, N.