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24.09.2013 23:19:00
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Moody's: JPMCC 2005-LDP1 Ratings Unaffected by the Proposed Defeasance of Pier 39 Loan
New York, September 24, 2013 -- Moody's Investors Service (Moody's) was informed that Pier 39 Limited Partnership, the Borrower for the Pier 39 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.
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