Second European CMBS Defaults At Bond Maturity

30 Apr 2013

The EuroProp EMC Compartment 1 commercial mortgage-backed securities deal, originated by Citi in 2006, defaulted at legal final maturity on Tuesday, becoming only the second European CMBS since the crisis to do so.

The EuroProp EMC Compartment 1 commercial mortgage-backed securities deal, originated by Citi in 2006, defaulted at legal final maturity on Tuesday, becoming only the second European CMBS since the crisis to do so. The special servicer is expected to continue the asset disposal process in the ...

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