21.08.2013 22:09:00
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Moody's: BACM 2006-1 Ratings Unaffected by the Proposed Defeasance of Desert Passage Loan
New York, August 21, 2013 -- Moody's Investors Service (Moody's) was informed that Boulevard Invest LLC, the Borrower for the Desert Passage mortgage loan, has elected to defease the loan with U.S. Government Securities. The proposed defeasance will become effective upon satisfaction of the conditions precedent set forth in the governing documents.