1,109 deals

Green Loan Services - Special Servicer

We excel in servicing large, complex and highly structured commercial loans and loan portfolios. We are tracking 2 CMBS deals from this servicer's portfolio.

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Recent Deals

Servicer Metrics

Key performance indicators and workout statistics for Green Loan Services.

Workout Statistics

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

Current Status

Active Deals
0
Resolved
0
Returned
0
Pending Return
0
Most Recent Transfer
N/A
Most Recent Return
N/A

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 Green Loan Services, highlighting their approach to managing distressed CMBS assets.

6/11/2025 06/05/2025: Loan transferred to Special Servicing on 12/01/22. Collateral is a 641k sf office and industrial portfolio in NJ. Loan transferred for monetary defaults other than monthly payments. Lender is pursuing all legal remedies

BMARK 2018-B7
2025-06-27
Portfolio (7 Office properties)
Benjamin Schlossberg
Prospectus ID: 27

The Loan transferred to SS on 8/9/2023 for imminent default due to cash flow issues. At the time of transfer, Borrower was not in compliance with the requirements set forth in the Cash Management Agreement and Deposit Account. A Notice of Default and Reservation of Rights were sent to Borrower on 7/11/2023. On 8/29/23, a Receiver was appointed over Borrower pursuant to the entry of an Emergency Motion for Appointment of Receiver filed in favor of Plaintiffs (Lien claimants: Circle City Outdoors, Dream Construction, Indy Asphalt, and Styner LLC). The collateral consists of a 279K SF anchored retail strip center located in Indianapolis, IN built from 1983 to 1985, and renovated in 2005. The center sits on a 30.35-acre site and is adjacent to Castleton Square Mall. The top three tenants include Floor and Decor (72K SF/25% NRA), Dave & Buster's (35K SF/12.5% NRA), and REI (11.9K SF/4% NRA). Of note, the prior T-2/Haverty Furniture (47K SF/17% NRA) vacated at LXP on 10/31/22. As of 6/30/23, the Annualized NOI/DSCR/Occ. at the Property is $2.86MM/1.04x/75.8%. Lender has filed foreclosure in state court and is currently trapping all cash flow from the Property. Order of Agreed Entry of Rents Receiver & Agreed Judgment of Foreclosure has been entered, and a foreclosure sale has been scheduled to occur in early June. The Special Servicer will gather additional info and simultaneously discuss workout strategies deemed appropriate to achieve the highest net present value recovery.

BMARK 2018-B7
2025-06-27
Castleton Commons And Square
Jonathan M. Larmore
Prospectus ID: 15

6/11/2025 06/05/2025: Loan transferred to Special Servicing on 12/01/22. Collateral is a 641k sf office and industrial portfolio in NJ. Loan transferred for monetary defaults other than monthly payments. Lender is pursuing all legal remedies

BMARK 2018-B7
2025-06-27
Portfolio (7 Office properties)
Benjamin Schlossberg
Prospectus ID: 27

The Loan transferred to SS on 8/9/2023 for imminent default due to cash flow issues. At the time of transfer, Borrower was not in compliance with the requirements set forth in the Cash Management Agreement and Deposit Account. A Notice of Default and Reservation of Rights were sent to Borrower on 7/11/2023. On 8/29/23, a Receiver was appointed over Borrower pursuant to the entry of an Emergency Motion for Appointment of Receiver filed in favor of Plaintiffs (Lien claimants: Circle City Outdoors, Dream Construction, Indy Asphalt, and Styner LLC). The collateral consists of a 279K SF anchored retail strip center located in Indianapolis, IN built from 1983 to 1985, and renovated in 2005. The center sits on a 30.35-acre site and is adjacent to Castleton Square Mall. The top three tenants include Floor and Decor (72K SF/25% NRA), Dave & Buster's (35K SF/12.5% NRA), and REI (11.9K SF/4% NRA). Of note, the prior T-2/Haverty Furniture (47K SF/17% NRA) vacated at LXP on 10/31/22. As of 6/30/23, the Annualized NOI/DSCR/Occ. at the Property is $2.86MM/1.04x/75.8%. Lender has filed foreclosure in state court and is currently trapping all cash flow from the Property. Order of Agreed Entry of Rents Receiver & Agreed Judgment of Foreclosure has been entered, and a foreclosure sale has been scheduled to occur in early June. The Special Servicer will gather additional info and simultaneously discuss workout strategies deemed appropriate to achieve the highest net present value recovery.

BMARK 2018-B7
2025-06-27
Castleton Commons And Square
Jonathan M. Larmore
Prospectus ID: 15

3/13/2025 Loan transferred on 1/17/25 for Imminent Default due to cash flow issues. Collateral consists of a single-story office development (""Property"") located in Fresno, CA. Built in 1975 and renovated in 2018, Property consists of 71,407 NRS F across three buildings occupied by two State of California agencies: 1) California Department of Justice (35,400 SF); 2) California State Water Resources Control Board (20,783 SF). Loan is due for the 2/6/25 payment. Notice of Default was sent on 2/10/2 5. Local counsel has been retained to file for foreclosure and/or receivership, if necessary. Lender will dual track the foreclosure process while discussing workout alternatives with Borrower.

BMARK 2018-B7
2025-03-26
Fresno E Street Office
Todd A. Mikles
Prospectus ID: 35

3/13/2025 Loan transferred on 1/17/25 for Imminent Default due to cash flow issues. Collateral consists of a single-story office development (""Property"") located in Fresno, CA. Built in 1975 and renovated in 2018, Property consists of 71,407 NRS F across three buildings occupied by two State of California agencies: 1) California Department of Justice (35,400 SF); 2) California State Water Resources Control Board (20,783 SF). Loan is due for the 2/6/25 payment. Notice of Default was sent on 2/10/2 5. Local counsel has been retained to file for foreclosure and/or receivership, if necessary. Lender will dual track the foreclosure process while discussing workout alternatives with Borrower.

BMARK 2018-B7
2025-03-26
Fresno E Street Office
Todd A. Mikles
Prospectus ID: 35
* 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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