Moody's: JPMCC 2014-C20 Ratings Unaffected by the Proposed Preferred Equity and Non-Permitted Equity Transfer Request for the $105 million 55 Broadway Loan
New York, December 06, 2016-- Moody's Investors Service was informed that 55 Broadway Associates, LLC and EAR 55 Broadway, LLC, the TIC Borrowers for the 55 Broadway office building $35 million A-1 Note and $70 million A-2 Note, have requested approval to issue a) $46.7 million of preferred equity by an affiliate of the 95.3% TIC Borrower and $2.3 million of preferred equity by an affiliate of the 4.7% TIC Borrower (with a potential right for an additional $6.5 million of preferred...
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