MSBAM 2016-C32 - Charts and Resources

The subject is a 335-unit multi-family garden property located at 380 North Linden Avenue in Rialto, California. The property consists of 24 two-story apartment buildings. The improvements were constructed in 1989 and are situated on a 14.83- acre site. Lo an transferred to Special Servicing due to the appointment of a receiver, a Servicing Transfer Event. CA. courts determined a receiver was needed after a judgement of over $7B was entered to public record against the Defendant/one of the Sponsors of the Loan. The breadth of the receiver's authority is still being determined by the courts and is being contested by the defendant. Loan is due for the Mar. 2025 payment. Receiver and Lender working towards a

This multifamily property was built in 1962 and located in Glendale, CA, just 7 mins. from downtown Los Angeles. Property includes 18-units in one, two-story building with an average size of 554 SF/unit. Loan transferred to Special Servicing due to the ap pointment of a receiver, a Servicing Transfer Event. CA. courts determined a receiver was needed after a judgement of over $7B was entered to public record against the Defendant/one of the Sponsors of the Loan. The breadth of the receiver's authority is still being determined by the courts and is being contested by the defendant. Looking into resolution and working with receiver. Loan is due for the Mar 25 payment.

The subject is comprised of a 0.54 acre multifamily located in the City of Hawthorne, Los Angeles County, California. The improvements include a 51 unit, single building, two-story apartment project built in 1968. Loan transferred to Special Servicing due to the appointment of a receiver, a Servicing Transfer Event. CA. courts determined a receiver was needed after a judgement of over $7B was entered to public record against the Defendant/one of the Sponsors of the Loan. The breadth of the receiver's au thority is still being determined by the courts and is being contested by the defendant. Looking into resolution and working with receiver. Loan is due for the Mar 25 payment.

Burnet House is a 36-unit garden apartment property built in 1987 on 0.66 acres. The improvements consist of one, three-story building with parking beneath the building at grade level. Apartment units average 828 sf. Loan transferred to Special Servicing due to the appointment of a receiver, a Servicing Transfer Event. CA. courts determined a receiver was needed after a judgement of over $7B was entered to public record against the Defendant/one of the Sponsors of the Loan. The breadth of the receiver's authority is still being determined by the courts and is being contested by the defendant. Looking into resolution and working with receiver. Loan is due for the Mar 25 payment.

Borrower concluded the sale of the Spring Lake property and remitted all proceeds and shortfall balance, concluding a full payoff. Proceeds are currently being applied, prior to the cutoff date.