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Article: Fitch: No Rating Actions Due to Interest Shortfalls in J.P. Morgan, Series 2007-LDP10.
- Article from:
- Real Estate Weekly News
- Article date:
- November 20, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fitch Ratings is not taking rating actions on J.P. Morgan Chase Commercial Mortgage Securities Corp., series 2007-LDP10, commercial mortgage pass-through certificates as a result of interest shortfalls currently being incurred by the trust.
Classes A-JS through H-S and classes J through NR incurred interest shortfalls for the October 2009 remittance. Of the total $1.6 million in current shortfalls, approximately $950,000 are the result of non-recoverable advances related to the Pelican Point loan, currently in special servicing. The advance recoveries are expected to continue for two additional months through December 2009 but are ultimately recoverable; class ...