COMM 2018-COR3 - Charts and Resources

05/05/2025: Loan transferred to Special Servicing on 7/7/2020 due to payment default. Borrower and Lender closed a forbearance agreement. However, China Live stopped paying rent and the Borrower defaulted on the forbearance agreement. A receiver wa s appointed with the authority to sell and has also taken over the litigation with tenant China Live.

3/24/2025 – Loan transferred to special servicing on 6/8/2023 for payment default. Trigild was appointed as the Receiver on 4/26/2024 to maintain the property and begin leasing efforts on the vacant office space. JLL has been retained by the Receiv er and was approved by the Court in October 2024 as the leasing broker for this property. The Special Servicer continues to move forward with the Foreclosure process in New York. The next step is to obtain summary judgment and local counsel has a status c onference hearing scheduled for April 15th. The subject property is a single, 17 story office building constructed in 1926 and is in good condition. The property contains 143,479 square feet of leas-able space. The subject property is located in the Garm ent District, a well-established and stable area in Manhattan. The largest tenant (WeWork, 133,208/sf) stopped paying rent in early 2023 and has since filed for Chapter 11 bankruptcy. The WeWork lease was

5/2/2025: Loan transferred to SS 5/3/23 for imminent monetary default after Borrower indicated its unwillingness to continue funding losses as declining occupancy and reduced rents led to cash flow shortfalls. Asset was foreclosed on 6/27/24 and th e Trust was the winning bidder. LPC Commercial Services has been engaged as the property manager and leasing agent to work on leasing up the vacant space. To-date any large office or specialized tenant is looking for high TI concessions from the Landlord to lease space. Collateral is a mixed use (retail, office) building located in South Brooklyn, NY.