1,126 deals

3650 REIT Loan Servicing - Special Servicer

Known for its client-centric approach, 3650 REIT offers personalized servicing solutions tailored to the unique requirements of each transaction. We are tracking 12 CMBS deals from this servicer's portfolio.

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Recent Deals

CSAIL 2021-C20

CMBS
2021-03-15

CSAIL 2020-C19

CMBS
2020-03-03

CSAIL 2019-C17

CMBS
2019-09-10

Servicer Metrics

Key performance indicators and workout statistics for 3650 REIT Loan Servicing.

Workout Statistics

Modifications
3
Foreclosures
0
Bankruptcies
0
Extensions
0
Note Sales
0
DPOs
0
REOs
0
Deed in Lieu
0
Full Payoffs
0

Current Status

Active Deals
12
Resolved
5
Returned
5
Pending Return
1
Most Recent Transfer
5/8/2025
Most Recent Return
11/1/2023

Recent Commentary

Special servicers provide regular updates on troubled loans through SEC filings, offering valuable insights into workout strategies and asset performance. Below are recent comments from 3650 REIT Loan Servicing, highlighting their approach to managing distressed CMBS assets.

💬 Servicer Commentary

2025-07-30
Prospectus ID: 21A-1
Transfer to SS 2/7/25 due to loan payment default. NOD sent 3/27/25. PNA executed 4/2/25. Partial financial information has been received from the Borrower. As of 12/31/24, NCF is reported by the Borrower as $3.10M, a 0.88x DSCR. App raisals havebeen received and are under review. A property condition assessment was requested, however the borrower has not allowed access to the property. Negotiations are ongoing via counsel.
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💬 Servicer Commentary

2025-07-30
Portfolio (3 Office properties)
Prospectus ID: 1
7/11/2025 - The loan recently transferred to Special Servicing due to payment default resulting from limited cashflow and the borrower has expressed an inability to fund future shortfalls. The Borrower requested a Loan Modification and special servicer is evaluating strategies to maximize the recovery to the trust while maintaining ongoing discussions with borrower.
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💬 Servicer Commentary

2025-07-30
Apx Morristown
Keystone Tristate Opportunity Parallel Fund LP
Prospectus ID: 5
7/11/2025 - Special Servicer executed a loan modification in May 2025 and is monitoring the loan''s performance for potential return to master servicer.
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💬 Servicer Commentary

2025-07-30
Atrium
Kamyar Shabani
Prospectus ID: 24
7/11/2025 - The loan transferred to special servicing due to imminent default due to the property''s total loss in the Palisades Fire. The special servicer is in discussions with the borrower while evaluating all strategies to maximize the recovery to
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💬 Servicer Commentary

2025-07-29
Prospectus ID: 2A1
7/11/2025 - The loan transferred to Special Servicing due to a monetary payment default. A pre-negotiation agreement was executed and special servicer engaged third-party due diligence reports and is in active discussions with the Borrower while ev aluating all potential strategies to maximize the recovery to the trust.
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💬 Servicer Commentary

2025-07-29
Chicago Heights
Ian Quint
Prospectus ID: 27
6/11/2025 - The Borrower executed a reinstatement agreement to bring the loan current and funded a newly established debt service shortfall reserve for future projected shortfalls. Special Servicer will monitor the loan''s performance for potential
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💬 Servicer Commentary

2025-07-29
Motel 6 Tropicana - Las Vegas
Jagmohan Dhillon
Prospectus ID: 14
7/11/2025 - The loan transferred to Special Servicing due to the borrower incurring additional non-permitted indebtedness in the form of three second liens. Special Servicer issued a notice of default and a purchase option notice to the mezzanine l ender. As a result of the notice of default, the borrower provided satisfactory lien releases and entered into a settlement agreement. The special servicer will monitor the loan''s performance for potential return to the master servicer.
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💬 Servicer Commentary

2025-02-27
Portfolio (14 MU properties)
Jonathan M. Larmore
Prospectus ID: 4
2/11/2025 - The loan was transferred to Special Servicing due to the appointment of an entity receiver on 10/27/23. The entity receiver was appointed on a second property in the State of Indiana (Entity Receiver is now on two of the fourteen properties in the portfolio). SEC receiver has been appointed on the remaining portfolio and other assets owned by ArciTerra Companies, LLC and its related affiliates. An Agreement of Use of Rents During Receivership was executed and was extended through Q3 2024 which enabled the Borrower to remain current for the interest and escrow amounts due through September 2024. The Loan Modification to extend the interest-only period through June 2025 was executed in Q4 2024 and is in the process of being onboarded by the Master Servicer in order to post interest-only payments.
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💬 Servicer Commentary

2025-02-27
Portfolio (3 Office properties)
Selig Family Holdings, LLC
Prospectus ID: 3
2/11/2025 - The loan recently transferred to Special Servicing due to payment default and is evaluating strategies while discussing with borrower.
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💬 Servicer Commentary

2025-02-27
Apx Morristown
Keystone Tristate Opportunity Parallel Fund LP
Prospectus ID: 13
2/11/2025 - The loan was transferred to special servicing due to an imminent default. Mezzanine Lender successfully exercised remedies through a UCC Foreclosure on June 28, 2024. Borrower submitted amended modification terms and
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* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* Commentary dates (asof) represent when the special servicer made the comment.
* For full disclosures, please visit our disclosures page.

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CMBS Special Servicing Commentary

Special servicing commentary extracted from sec.gov Form 10-D filing servicer reports.

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