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08.01.2013 16:26:00
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Moody's: CSMC 2006-C5 Ratings Unaffected by the Proposed Transfer of Special Servicing Rights
New York, January 08, 2013 -- Moody's Investors Service (Moody's) was informed that the holders of certificates representing more than 50% of the principal balance of the Controlling Class intend to replace LNR Partners, Inc. ("LNR") as the Special Servicer and to appoint C-III Asset Management LLC ("C-III") as the successor Special Servicer. The Proposed Special Servicer Replacement will become effective upon satisfaction of the conditions precedent set forth in the governing documents.
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