MSBAM 2016-C32 - Charts and Resources

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.

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. Receiver plans to send recommend ation to court soon. Loan is currently due for the 4/6/25 pmt.

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. Receiver plans to send recommendation to court soon. Loan is currently due for the 4/6/25 pmt.

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. Receiver plans to make a reco mmendation to the court soon. Loan is due for the 4/6/25 payment.

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. Receiver plans to