6,665 charts

CWCapital Asset Management - Special Servicer

Specializing in distressed asset management, CWCapital provides strategic solutions for troubled CMBS loans. We are tracking 16 CMBS deals from this servicer's portfolio.

Visit Website →

Recent Deals

BANK5 2023-5YR2

CMBS
2023-09-01

BANK5 2023-5YR1

CMBS
2023-03-23

BANK 2022-BNK40

CMBS
2022-02-22

BMO 2022-C1

CMBS
2022-02-02

WFCM 2021-C61

CMBS
2021-11-16

BANK 2021-BNK37

CMBS
2021-11-04

Servicer Metrics

Key performance indicators and workout statistics for CWCapital Asset Management.

Workout Statistics

Modifications
3
Foreclosures
4
Bankruptcies
1
Extensions
0
Note Sales
0
DPOs
0
REOs
5
Deed in Lieu
0
Full Payoffs
0

Current Status

Active Deals
11
Resolved
20
Returned
22
Pending Return
1
Most Recent Transfer
3/6/2025
Most Recent Return
2/19/2025

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 CWCapital Asset Management, highlighting their approach to managing distressed CMBS assets.

The loan transferred to Special Servicing effective 3/19/2024 for monetary default. The subject is a 405-unit multifamily property located in Waterford, MI. The property was built in 1974. The property was ~60% occupied at the end of January 2025. The property was inspected 5/13/2024 and found to be in poor condition at that time, including with 12 down units. PNA signed. The Receiver was appointed on 9/11/2024, which became effective 9/18/2024. The Receiver has been improving collections and turning units for leasing. At least one third party has provided the Receiver with an unsolicited LOI. The Special Servicer is dual tracking foreclosure and potential alternatives.

BMARK 2018-B2
2025-03-27
Village Green Of Waterford
Shawn Stafford

The loan transferred to Special Servicing effective 9/24/2024 for non-monetary default. The subject features 3 office buildings totaling 315,589 SF located in Alexandria, VA and was built in 1986. Two of the three buildings are 100% occupied. The third building is 30% occupied. A November 2024 site inspection found the asset in good overall condition. YE 2024 NOI DSCR was 1.01x. The Borrower refused to set up cash management despite it being triggered. Negotiations between Borrower and special servicer to resolve the cash management issues did not result in a resolution. A receiver was appointed in January 2025. Title is expected in 2Q 2025.

BMARK 2018-B2
2025-03-27
Braddock Metro Center
Kawa Investments LLC

3/11/2025 The loan transferred to Special Servicing effective 8/28/2024. The subject is a 14,490 SF single tenant retail property located in Lawrenceville, GA and was built in 2001. Special servicer continues to evaluate potential workout

BMARK 2018-B2
2025-03-27
Walgreens
David Feldman

COVID - Loan transferred to special servicing 6/19/2020 for imminent monetary default. The subject is a 200-room lodging property located in Newark, NJ. The property was built in 2004 and renovated in 2013, 2019, and 2022. The February 2024 inspection found the asset to be in overall good condition at that time. For TTM June 2024, the property achieved 83.7% Occ, $145.18 ADR, and $121.45 RevPAR (108.0 RevPAR index). Elevator cab updates and new curtains for the meeting space are the next capital projects that remains in process. The asset is REO. The special servicer continues to monitor market and asset performance, as well as the capital markets, to determine when to dispose of the REO asset.

JPMCC 2017-JP7
2025-03-27
Springhill Suites Newark Airport
Paul A. Nussbaum

The loan transferred to Special Servicing for imminent monetary default effective 12/28/2023. The loan is secured by three, class A office buildings located in Stamford, CT, built in 1986 and renovated in 2015. The property consists of 811,748 RSF and is currently 78.97% leased. The total debt is comprised of five pari passu loans. There is $11.86MM of outstanding Mezzanine debt. The properties were inspected in March 2024 and found to be in good overall condition. Cash management is in place. A Receiver was appointed by the court as of 5/23/2024. On 2/5/2025, the Trust took title to the collateral via a Strict Foreclosure filing with the Court. Leasing efforts to stabilize the property are underway.

JPMCC 2017-JP7
2025-03-27
First Stamford Place
Empire State Realty OP L.P.

Loan transferred to Special Servicing effective 2/24/25 due to imminent default. Hello Letter was noticed and PNA has been executed. Collateral consists of a 65 mixed-service hotels, totaling 6,366 keys. Loan is paid through 2/1/2025. Servicer is

JPMCC 2017-JP7
2025-03-27
Portfolio (65 Hotel properties)
SCG Hotel Investors Holdings L.P.

Loan transferred to Special Servicing effective 2/24/25 due to imminent default. Hello Letter was noticed and PNA has been executed. Collateral consists of a 65 mixed-service hotels, totaling 6,366 keys. Loan is paid through 2/1/2025. Servicer is

JPMCC 2017-JP7
2025-03-27
Westchase Homewood Suites
SCG Hotel Investors Holdings L.P.

The loan transferred to special servicing on 12/24/2019 due to imminent monetary default. The collateral consists of a 248,457 sf (8-unit) retail condo located at 229 W. 43rd Street (Times Square), The Lender was the successful bidder at the foreclosure s May 29, 2024. The Foreclosure Deed was issued in July 2024 and CBRE was engaged for property management, leasing & listing. An REO Sale process was launched in early Sept 2024 and best and final bids were submitted

JPMDB 2017-C5
2025-03-27
229 West 43rd Street Retail Condo

The loan transferred to special servicing on 12/24/2019 due to imminent monetary default. The collateral consists of a 248,457 sf (8-unit) retail condo located at 229 W. 43rd Street (Times Square), The Lender was the successful bidder at the foreclosure s May 29, 2024. The Foreclosure Deed was issued in July 2024 and CBRE was engaged for property management, leasing & listing. An REO Sale process was launched in early Sept 2024 and best and final bids were submitted

JPMDB 2017-C5
2025-03-27
229 West 43rd Street Retail Condo

Borrower indicated it has raised new equity for the property which is expected to fund in Q1 2025. Special Servicer continues to monitor the loan and collateral as well as review any Borrower requests that come in. Special Servicer continues to monitort he pending capex-leasing funding, which remains outstanding as of 2/27/2024. Borrower is negotiating an extension of TI obligations with tenant, Benesch. Current property occupancy is 89.5%.

JPMDB 2017-C5
2025-03-27
Key Center Cleveland
Malisse J. Sinito
* 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.

Get some data

Snowflake Logo

CMBS Special Servicing Commentary

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

Go to Marketplace   Data Dictionary
Paid

LEARN

BlogAboutFAQData QualityLicense

CONNECT

Contact UsCommunityX (Twitter)Substack

LEARN

BlogAboutFAQData QualityLicense

CONNECT

Contact UsCommunityX (Twitter)Substack

SECTORS

Capital MarketsFund HoldingsAsset Backed SecuritiesAuto ABSCMBS
Powered by CMD+RVL
© 2025 CMD+RVL. All rights reserved.
Disclosures
(Built 2025-04-24)