Ann: MIX Debt Update , page-2

Even though technically MIX is in Default, I see this as a positive move. As identified on LNR's website as to what they do:

"Real estate securities: We invest indirectly in real estate by typically purchasing non-investment grade commercial mortgage-backed securities ("CMBS") where LNR can act as special servicer and utilize its underwriting and workout skills to enhance the performance and value of these securities."

Therefore there is a high likelihood that they will extend the debt facility.

MH