MONTREAL, July 30, 2012 /CNW Telbec/ - N-45° First CMBS Issuer Corporation announces that loan 2002-0209 secured by the Place Bell office building located in Ottawa was prepaid in whole, with a prepayment indemnity. Loan 2002-0209 is part of the series 2003-3 offering of commercial mortgage-backed securities.
As of July 26, 2012, the principal outstanding of loan 2002-0209 was CA$ 129,579,047.40. The calculation of the prepayment indemnity was made in compliance with the terms and conditions disclosed in the prospectus. Consequently to the prepayment by the borrower of the loan 2002-0209, payment in capital, interest and allocation of prepayment indemnity will be made to the holders of securities of the series 2003-3.
N-45° First CMBS Issuer Corporation is a special purpose issuer corporation that issues commercial mortgage-backed securities in the private and public capital markets.
SOURCE: N-45 First CMBS Issuer Corporation
Christina Carvalho | Director, Communication and marketing
514 847-2552
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