💬 Servicer Commentary
2026-06-26
685 Fifth Avenue Retail
GGP Real Estate Holding I, Inc
The loan transferred into special servicing effective 5/6/2026 due to Imminent Monetary (Balloon/Maturity Default). The subject is a 23,575 square foot retail property located in New York, NY and built in 1926 and renovated in 2016. Files are
💬 Servicer Commentary
2026-06-26
Harvard Park
William C. White
The loan transferred to special servicing on 7/18/2025 due to imminent monetary default. CWCapital became the named Special Servicer effective 4/2/2026. The subject collateral consists of 4 low-rise office buildings totaling 299,205 sf, located in S acramento, CA, built in 1987. The April 2026 YTD NOI DSCR was approximately 0.33x as compared to the YE2025 NOI DSCR of 0.26x. Occupancy as of May 2026 was 33%. The special servicer is evaluating a potential modification of loan terms with the Borrower while continuing to evaluate rights and remedies outlined under the loan documents.
💬 Servicer Commentary
2026-06-26
Portfolio (22 Hotel properties)
SCG Hotel Investors Holdings L.P.
Loan transferred to special servicing effective 1/28/26 due to imminent default. The Loan is paid current as of May 2026. Collateral consists of 22 mixed service hotels, totaling 2,943 keys. Loan is paid through 4/11/2026. Servicer is actively
💬 Servicer Commentary
5/11/2026 - The loan transferred to special servicing on 3/17/2025 due to Payment Default. The loan is secured by two multifamily properties in Houston, Texas. The Pointe Apartments is a 518-unit garden style multi-family property, consisting of 47 two-st ory residential buildings, located in Pasadena, TX. Oak Shadows Apartments is a 182-unit garden style multifamily property, consisting of 9 two-story residential buildings, located in Houston, TX. April 2025 site inspections found the collateral in fair t o poor condition. The servicing for the Loan switched special servicers in November 2025. A title search upon transfer found liens that were senior to the Trust''s existing loan. A title claim has been filed, and a trial for the matter is scheduled for De cember 2026. A lawsuit against the loan''s guarantor has also been filed.
💬 Servicer Commentary
5/11/2026 - The loan transferred to special servicing on 3/17/2025 due to Payment Default. The loan is secured by two multifamily properties in Houston, Texas. The Pointe Apartments is a 518-unit garden style multi-family property, consisting of 47 two-st ory residential buildings, located in Pasadena, TX. Oak Shadows Apartments is a 182-unit garden style multifamily property, consisting of 9 two-story residential buildings, located in Houston, TX. April 2025 site inspections found the collateral in fair t o poor condition. The servicing for the Loan switched special servicers in November 2025. A title search upon transfer found liens that were senior to the Trust''s existing loan. A title claim has been filed, and a trial for the matter is scheduled for De cember 2026. A lawsuit against the loan''s guarantor has also been filed.
💬 Servicer Commentary
5/11/2026 - The loan transferred to special servicing on 10/8/2025 due to Payment Default. The subject is a three-property multifamily portfolio totaling 593 units. All three properties are located in the St. Louis, MO MSA. Average occupancy for the portf olio as of March 2026 was 45.8%. Updated financials have been requested. A PNL has been executed, and a Default/Demand letter has been sent. The Borrower has engaged a Borrower rep. The Borrower rep has recently submitted a proposal that is currently unde r review by the special servicer. A February 2026 site inspection found the properties to be in fair-to-poor condition, with several areas of deferred maintenance that have started to be addressed.
💬 Servicer Commentary
5/11/2026 - The loan transferred to special servicing on 10/8/2025 due to Payment Default. The subject is a three-property multifamily portfolio totaling 593 units. All three properties are located in the St. Louis, MO MSA. Average occupancy for the portf olio as of March 2026 was 45.8%. Updated financials have been requested. A PNL has been executed, and a Default/Demand letter has been sent. The Borrower has engaged a Borrower rep. The Borrower rep has recently submitted a proposal that is currently unde r review by the special servicer. A February 2026 site inspection found the properties to be in fair-to-poor condition, with several areas of deferred maintenance that have started to be addressed.
💬 Servicer Commentary
5/11/2026 - The loan transferred to special servicing on 10/8/2025 due to Payment Default. The subject is a three-property multifamily portfolio totaling 593 units. All three properties are located in the St. Louis, MO MSA. Average occupancy for the portf olio as of March 2026 was 45.8%. Updated financials have been requested. A PNL has been executed, and a Default/Demand letter has been sent. The Borrower has engaged a Borrower rep. The Borrower rep has recently submitted a proposal that is currently unde r review by the special servicer. A February 2026 site inspection found the properties to be in fair-to-poor condition, with several areas of deferred maintenance that have started to be addressed.
💬 Servicer Commentary
5/11/2026 - The loan transferred to special servicing on 10/8/2025 due to Payment Default. The subject is a three-property multifamily portfolio totaling 593 units. All three properties are located in the St. Louis, MO MSA. Average occupancy for the portf olio as of March 2026 was 45.8%. Updated financials have been requested. A PNL has been executed, and a Default/Demand letter has been sent. The Borrower has engaged a Borrower rep. The Borrower rep has recently submitted a proposal that is currently unde r review by the special servicer. A February 2026 site inspection found the properties to be in fair-to-poor condition, with several areas of deferred maintenance that have started to be addressed.
💬 Servicer Commentary
The subject loan transferred to Special Servicing due to Borrowers non-payment of the semi-annual non-escrowed real estate tax payments due July 2023 and January 2024. Property protection advances were made to pay for unpaid RE Taxes