The trustors were the original developers, previously
acquiring the land July 15, 2005 (29.22 AC gross) in two transactions totaling $11,731,232;
with $1,911,017 down and $20.6M new debt with Gold Bank of Kansas City –later
released 2/16/06. On January 30, 2007
the trustors were loaned the subject $50.0M fixed-rate debt with Artesia
Mortgage Capital (5.57% rate and maturing February 11, 2017). At this time, leases
were signed with Best Buy, Claim Jumper, Guitar Center, Hobby Lobby and Old
Navy per recorded documents. On October 25, 2007 Artesia assigned the debt to
Wells Fargo / Wachovia where it was securitized –CMBS loan. On August 7, 2009
Wells Fargo assigned the CMBS debt to Bank of America, later transferring July
23, 2012 to US Bank. Mr. Geoffrey Wood (SVP) of CWCapital Asset Management is
issuing this Notice of Trustee sale as the special servicer. Auction is slated
for 12/11/12 at 1:00pm.
Hadden Schifman
Managing Director
hadden@vizzda.com
Managing Director
hadden@vizzda.com
No comments:
Post a Comment