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03.04.2014 21:56:00
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Moody's: LBUBS 2006-C3 Ratings Unaffected by the Proposed Transfer of Special Servicing Rights
New York, April 03, 2014 -- Moody's Investors Service (Moody's) was informed that the Majority Controlling Class Certificateholder intends to replace LNR Partners, LLC as the Special Servicer and to appoint C-III Asset Management, LLC as the successor Special Servicer (the "Proposed Special Servicer Replacement"), with respect to the Mortgage Pool (other than the 888 Seventh Avenue Loan Combination). The Proposed Special Servicer Replacement will become effective upon satisfaction of the conditions precedent set forth in the governing documents.
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