Argentic Services Company LP - Special Servicer

Offering expertise in structured finance, Argentic provides specialized servicing solutions for CMBS transactions. We are tracking 44 CMBS deals from this servicer's portfolio.

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Servicer Metrics

Key performance indicators and workout statistics for Argentic Services Company LP.

Workout Statistics

Modifications
7
Foreclosures
7
Bankruptcies
4
Extensions
0
Note Sales
0
DPOs
0
REOs
6
Deed in Lieu
1
Full Payoffs
1

Current Status

Active Deals
31
Resolved
70
Returned
71
Pending Return
2
Most Recent Transfer
5/27/2025
Most Recent Return
4/6/2025

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 Argentic Services Company LP, highlighting their approach to managing distressed CMBS assets.

6/11/2025- Loan was transferred to Special Servicing effective April 4, 2025 due to Payment Default (excluding Balloon/Maturity). The loan is currently past due for the February payment. On the introductory call, the borrower indicated a desire to bring t he loan current, but talks have since stalled on reinstatement terms. The borrower filed for a declaratory judgment that argues the lender should be required to use cash collateral to resolve the payment default. Lender intends to aggressively defend against these claims. Additionally, SS has filed the foreclosure complaint and is pursuing all remedies available under the loan documents.

MSC 2021-L6
2025-07-01
150 Thornhill
William C. Rudolph
Prospectus ID: 10

6/11/2025- The Loan transferred to Special Servicing effective 4/11/23 due to Payment Default. An executed PNA is in place. The property was placed under receivership, effective June 2023 and the receiver employed a broker to market and sell the asset in September 2023. In February 2025, the receiver and a third-party buyer executed a purchase and sale contract, with Lender''s approval. The court has approved the sale. Buyer will have 30 days to close upon expiration of the ongoing due diligence period. Th e special servicer initiated a guarantor lawsuit and a final judgement was entered in April 24. ASC is coordinating with counsel on implementing the best strategy to collect on the judgment.

MSC 2021-L6
2025-07-01
Tower Point At The Highlands
Yaakov Prager
Prospectus ID: 13

6/11/2025 - The loan transferred to the Special Servicer on 6/16/23. The loan is secured by an office property in Cincinnati, OH and the capital stack includes a mezzanine loan. The property generated $4.1M of NOI as of YE24 and was 56% occupied as of 12/ 2024. Lender has engaged counsel and will dual track foreclosure with workout discussions. Foreclosure was filed. Receiver was appointed, who has the authority to market and sell the property. The property is on the market

CSAIL 2018-CX11
2025-07-01
Prospectus ID: 19A2

6/11/2025- The Loan was transferred to Special Servicing effective April 8, 2025 due to Imminent Monetary Default. The Loan remains current and is due for the June 2025 monthly payment. A receiver was appointed in May and is coordinating with the Borrower on transitioning property operations. Once the transition is completed, SS will work with receiver on putting together a strategy in efforts to maximize recovery on the loan.

CSAIL 2018-CX11
2025-07-01
Hyatt House Broomfield
Prospectus ID: 23

6/11/2025- Special servicing transferred from LNR to ASC effective 9/16/24. The receiver was appointed in February 2024 and continues to operate and lease the property. SS visited the asset in October 2024. In May 2025, the judge entered an order approving Lender''s motion for judgement of foreclosure and sale. The foreclosure sale date is expected to be scheduled for July 2025. SS is simultaneously negotiating mod terms with Borrower rep.

CSAIL 2018-CX11
2025-07-01
Prospectus ID: 30A1

6/11/2025- Loan transferred to special servicing effective 11/20/24 due to Monetary Default. SS and Borrower documented a reinstatement agreement at the end of February and is pending a return to MS. Borrower agreed to bring the loan current and setup cash management, which is in place for the succeeding 12 months following reinstatement.

BMO 2024-5C4
2025-06-30
114 East 71st Street
Peter Hungerford
Prospectus ID: 22

6/11/2025- Loan transferred to special servicing effective 11/20/24 due to Monetary Default. SS and Borrower documented a reinstatement agreement at the end of February and is pending a return to MS. Borrower agreed to bring the loan current and setup cash manage approved the receivership motion, however, Borrower filed bankruptcy shortly thereafter to prevent the receiver from taking over operations of the property. The bankruptcy case is in the early stages and SS is working with counsel to implement the best strategy to maximize recovery on the loan.

BMO 2024-5C4
2025-06-30
Prospectus ID: 23A-1

Asset transferred to special servicing, effective 12/11/24, due to Imminent Monetary Default, however, the loan remains payment current. Borrower indicated that due to the low occupancy at the Property, there is not sufficient cash flow to cover the opera ting expenses after debt service and conducted an initial capital call with their equity partners to address immediate outstanding accounts payable issues. Borrower and SS are working on documenting a modification agreement based

WFCM 2021-C59
2025-06-27
8800 Baymeadows
Ted M. Sherman
Prospectus ID: 14

Loan transferred to special servicing effective 3/21/2025 due to Imminent Monetary Default related to the bankruptcy and closure of multiple of the single-tenant properties that make up the portfolio. The Loan remains due for the March 2025 payment. Rite Aid filed Chapter 11 Bankruptcy on 10/15/2023. As such, three portfolio tenants subsequently ceased to pay rent and vacated their respective properties. Two of the leases were rejected in bankruptcy while one lease was assumed. Borrower has stated that they will assign the resulting claims to Lender. ASC has determined that only 3 of the 8 portfolio properties are open and operating. The Borrower proposed a deed-in-lieu of foreclosure conditioned upon Lender remitting cash reserves. The Special Servicer has determined there are past due taxes owed for multiple collateral properties. The Borrower was sent a default notice, and the loan has been accelerated. A federal complaint for receiver

WFCM 2021-C59
2025-06-27
Portfolio (8 Retail properties)
Richard J. Sabella
Prospectus ID: 24

The Loan transferred to special servicing on 2/19/2025 due to payment default. At ASC's direction, counsel filed a foreclosure complaint, a motion for the appointment of a receiver and initiated a lawsuit against the guarantor. In May 2025, the jud ge approved the receivership motion, however, Borrower filed bankruptcy shortly thereafter to prevent the receiver from taking over operations of the property. The bankruptcy case is in the early stages and SS is working with counsel to

WFCM 2024-5C1
2025-06-27
Euclid Apartments
MD Khaled Noor
Prospectus ID: 19
* 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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