COMM 2018-COR3 - Charts and Resources

2/24/2025: 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. Borrower consented to receivership an d a receiver was appointed 8/4/23. Occupancy is currently 35% as a major office tenant (VSN Health, 39% of NRA) vacated shortly after their lease expiration of 12/31/2023. Asset was foreclosed on 6/27/24 and the Trust was the winning bidder. LPC Commercial Services has been engaged as the leasing agent to work on leasing up the vacant space. Collateral is a mixed use (retail, office) building located in South Brooklyn, NY.

2/24/2025 – Loan transferred to special servicing on 6/8/2023 for payment default. Special Servicer filed for Foreclosure on 9/20/2023 and for Receivership on 2/10/2024. Trigild was appointed as the Receiver on 4/26/2024 to maintain the property an d hire a leasing broker to begin leasing efforts on the vacant office space. JLL has been retained by the Receiver and was approved by the Court in October 2024 as the leasing broker for this property. The Special Servicer continues to move forward with t he Foreclosure process in New York as well. 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 Garment 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

03/05/2025: 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.