Argentic Services Company LP - Special Servicer
Offering expertise in structured finance, Argentic provides specialized servicing solutions for CMBS transactions. We are tracking 54 CMBS deals from this servicer's portfolio.Servicer Metrics
Key performance indicators and workout statistics for Argentic Services Company LP.Workout Statistics
Modifications
7Foreclosures
12Bankruptcies
2Extensions
0Note Sales
0DPOs
0REOs
10Deed in Lieu
0Full Payoffs
1Current Status
Active Deals
37Resolved
76Returned
75Pending Return
1Most Recent Transfer
6/5/2026Most Recent Return
5/1/2026Recent 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 Argentic Services Company LP, highlighting their approach to managing distressed CMBS assets.💬 Servicer Commentary
2026-06-30
300 North Greene
William Z. Hertz
6/11/2026 - The Trust took title December 2, 2021. The REO property has 325,184 sf GLA and the occupancy is currently 72%. The Servicer will hold the asset to pursue leasing and execute on key renews of existing tenants in order to stabilize occup ancy while evaluating exit timing. A total of 74,398 SF of leasing has been achieved since the Trust took title to the REO property. A project to deliver 16,600 RSF (full floor) of spec suites was completed in August 2025. As of December 2025, the leasing responsibilities for the REO property have transitioned to a new leasing team at CBRE Triad.
💬 Servicer Commentary
2026-06-30
Fairfield Inn Atlanta Buckhead
Driftwood Acquisition & Development L.P.
6/11/2026 - Asset transferred to special servicing 1/22/26 due to Imminent Monetary Default. The Loan is currently payment current and cash managed. SS is actively discussing the modification terms with the Borrower to agree to some form of A/B not e split modification, which is expected to be finalized in the near term.
💬 Servicer Commentary
2026-06-30
Fairfield Inn Perimeter Center
Driftwood Acquisition & Development L.P.
6/11/2026 - Asset transferred to special servicing 1/22/26 due to Imminent Monetary Default. The Loan is currently payment current and cash managed. SS is actively discussing the modification terms with the Borrower to agree to some form of A/B not e split modification, which is expected to be finalized in the near term.
💬 Servicer Commentary
2026-06-30
Portfolio (9 MH properties)
under Irrevocable Trust Agreement Dated August 7 2020
6/11/2026 Loan transferred Special Servicing, effective October 8, 2025, and remains past due for the October 2025 monthly payment. The Special Servicer issued a Notice of Default, notice to comply with cash management and Acceleration of the Loan. Spe cial Servicer's counsel performed a diversity analysis and determined ineligibility for a federal receivership filing, as such, Special Servicer has initiated action in each state and has initiated litigation against the guarantors. A
💬 Servicer Commentary
2026-06-30
6/11/2026 Loan transferred to Special Servicing effective 4/16/26 due to imminent default resulting from the recent Bankruptcy Filing of the parent company of single tenant Saks & Company, LLC. Collateral is a 822,771-sf warehouse distribution center in Wilkes Barre, PA fully leased to Saks. PNA has been signed. Loan is paid to 4/6/26. Trust counsel is reviewing the Loan file. Updated appraisal is in process.
💬 Servicer Commentary
2026-06-30
Saks Fulfillment Center
6/11/2026 Loan transferred to Special Servicing effective 4/16/26 due to imminent default resulting from the recent Bankruptcy Filing of the parent company of single tenant Saks & Company, LLC. Collateral is a 822,771-sf warehouse distribution center in Wilkes Barre, PA fully leased to Saks. PNA has been signed. Loan is paid to 4/6/26. Trust counsel is reviewing the Loan file. Updated appraisal is in process.
💬 Servicer Commentary
2026-06-30
Portfolio (2 Multifamily properties)
6/11/2026 In November 2025, Special Servicer closed on a Modification Agreement curing the defaults of both our senior mortgage loan and of the four subordinate mezzanines. As of June 2026, the Special Servicer has submitted the Return to Master S ervicer package to the Master Servicer. In November 2025 we closed on a Modification Agreement curing the defaults of both our senior mortgage loan and of the four subordinate mezzanines. This extended the loan maturity date and made various other changes to the loan documents.
💬 Servicer Commentary
2026-04-29
Mama Shelter La
GEM Realty Evergreen Fund PF-NM L.P.
3/11/2026 - Loan transferred to special servicing effective 12/20/24, due to Monetary Default. The receiver was appointed in March after Borrower consented to the arrangement. With Lender''s approval, receiver entered into an agreement with a broke r to list the asset for sale. In August, the broker received a strong offer from a prospective buyer. Receiver and buyer have executed a purchase and sale agreement, based on terms approved by lender. The due diligence period has
💬 Servicer Commentary
2025-07-01
6/11/2025- Borrower has brought the insurance into full compliance with the loan documents. Subsequently, Lender and Borrower entered into a loan modification and forbearance agreement, effective 12/31/24. Key terms of the Agreement are as follows: (i) Th e loan will no longer be required to be in cash management, (ii) at closing Borrower paid all amounts to bring the loan current including a portion of default interest, (iii) Borrower made a partial principal prepayment in exchange for the Lender providin g a release of the 656-660 E Fordham portion of the collateral, and (iv) Lender conditionally waived the remaining default interest amount which will become due if the Borrower breaches the forbearance agreement based on (a) failure to make a required pay ment, other than the balloon payment due at maturity; or (b) an act or omission that triggers recourse liability. Loan transferred to special servicing effective 8/30/24, due to Payment Default, as a result of forced place insurance coverage and borrower’ s refusal to remit the higher insurance premium to lender. The Loan remains payment current and the SS is coordinating with the MS to return the loan.
💬 Servicer Commentary
2025-07-01
6/11/2025- Borrower has brought the insurance into full compliance with the loan documents. Subsequently, Lender and Borrower entered into a loan modification and forbearance agreement, effective 12/31/24. Key terms of the Agreement are as follows: (i) Th e loan will no longer be required to be in cash management, (ii) at closing Borrower paid all amounts to bring the loan current including a portion of default interest, (iii) Borrower made a partial principal prepayment in exchange for the Lender providing a release of the 656-660 E Fordham portion of the collateral, and (iv) Lender conditionally waived the remaining default interest amount which will become due if the Borrower breaches the forbearance agreement based on (a) failure to make a required pay ment, other than the balloon payment due at maturity; or (b) an act or omission that triggers recourse liability. Loan transferred to special servicing effective 8/30/24, due to Payment Default, as a result of forced place insurance coverage and borrower’ s refusal to remit the higher insurance premium to lender. The Loan remains payment current and the SS is coordinating with the MS to return the loan.
* 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.
* 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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