Moody's: COMM 2014-LC15 Ratings Unaffected by the Proposed Partial Release of Property at the Bronx River Plaza Shopping Center
New York, December 12, 2016-- Moody's Investors Service was informed that the Borrower, Kingsbridge Associates, LLC, is seeking the release of Unit 2 of the condominium known as the River Plaza Commercial Condominium from the lien of the Mortgage in order to facilitate the conveyance of said condominium unit by Borrower to Kingsbridge Associates II, LLC. Section 2.5. 2 of the Loan Agreement contemplates the release by Lender of a certain condominium unit identified as "Unit 2" from...
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