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January 2007 Collections, Checks and Statements Update
(Feb. 14): The checks and statements were mailed Feb. 13th from Las Vegas.
(Feb. 7): The principal and interest collected in January 2007 is scheduled to be distributed on or about Feb. 13th. Checks and statements will be mailed from Las Vegas. The loans that paid off in full or made substantial paydowns of principal and/or interest in January were:
- Elizabeth May Real Estate – paid in full
- Fiesta Development McNaughton – paid in full
- Goss Road (Savannah Homes, LLC) – paid in full
- Interstate Commerce Center – significant paydown
- Palm Harbor One – significant paydown
- Rio Rancho Executive Plaza – significant paydown
- Wasco Investments – significant paydown
Since filing Chapter 11 on April 13, 2006, USA Commercial Mortgage Company has collected more than $249 million in principal and interest.
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