💬 Servicer Commentary
2026-06-30
Castleton Commons And Square
Jonathan M. Larmore
6/11/2026 The Loan transferred to SS on 8/9/2023 for imminent default due to cash flow issues. 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). Foreclosure has been filed and a receiver has been appointe d. Reciever is addressing capex and leasing matters. Lender will dual track foreclosure while evaluating alternative workout options, which includes a receivership sale and assumption.
💬 Servicer Commentary
2026-06-30
Fresno E Street Office
Todd A. Mikles
6/15/2026 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 8/6/25 payment. Notice of Default was sent on 2/10/2 5. Local counsel was retained to file for foreclosure and receivership. Receiver (Dana Butcher Associates) was appointed on 4/24/25. Notice of Default was recorded on 7/23/25. The foreclosure process has been delayed due to ongoing litigation involving th e guarantor and a judgment creditor. The foreclosure sale has been rescheduled to 6/23/26. Lender is planning to take title at the upcoming foreclosure sale.
💬 Servicer Commentary
2026-06-30
Castleton Commons And Square
Jonathan M. Larmore
6/11/2026 The Loan transferred to SS on 8/9/2023 for imminent default due to cash flow issues. 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). Foreclosure has been filed and a receiver has been appointe d. Reciever is addressing capex and leasing matters. Lender will dual track foreclosure while evaluating alternative workout options, which includes a receivership sale and assumption.
💬 Servicer Commentary
2026-06-30
Fresno E Street Office
Todd A. Mikles
6/15/2026 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 8/6/25 payment. Notice of Default was sent on 2/10/2 5. Local counsel was retained to file for foreclosure and receivership. Receiver (Dana Butcher Associates) was appointed on 4/24/25. Notice of Default was recorded on 7/23/25. The foreclosure process has been delayed due to ongoing litigation involving th e guarantor and a judgment creditor. The foreclosure sale has been rescheduled to 6/23/26. Lender is planning to take title at the upcoming foreclosure sale.
💬 Servicer Commentary
6/8/2026 - The Loan transferred to Special Servicing due to non-payment default. The Borrower executed a Pre-Negotiation Letter Agreement on 5/15/26 and has retained legal counsel. Special Servicer has engaged counsel and both parties are
💬 Servicer Commentary
2026-06-23
Joseph Mizrachi
6/8/2026 - The Loan transferred to the Special Servicer on 8/06/2025 for non-monetary default. Special Servicer was recently replaced by Green Loan Services LLC. A Pre-Negotiation Agreement has been executed between the Borrower and the Special Servicer. Special Servicer has not been informed of Borrower''s plans ahead of Loan maturity on 9/7/2026. The Special Servicer continues to apply debt service payments via the Cash Management Account. As of 12/31/2025, the Property was 81.38% occupied. Green Loan S ervices will continue to follow up with the Borrower regarding its intentions to resolve the outstanding debt prior to maturity.
💬 Servicer Commentary
2026-01-27
Benjamin Schlossberg
" 1/12/2026 1/02/2026: Loan transferred to Special Servicing on 12/01/22. The collateral consists of a portfolio of seven industrial and office properties totaling 640,983 SF class A & B assets located in Bloomfield, New Providence, and Piscataway, NJ. All properties are well occupied at 98%+. Loan transferred for non-monetary defaults. Lender is pursuing legal remedies against Borrower as well as seeking approval for a Discounted pay off that has been negotiated with the
💬 Servicer Commentary
2026-01-27
Benjamin Schlossberg
" 1/12/2026 1/02/2026: Loan transferred to Special Servicing on 12/01/22. The collateral consists of a portfolio of seven industrial and office properties totaling 640,983 SF class A & B assets located in Bloomfield, New Providence, and Piscataway, NJ. All properties are well occupied at 98%+. Loan transferred for non-monetary defaults. Lender is pursuing legal remedies against Borrower as well as seeking approval for a Discounted pay off that has been negotiated with the