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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.

💬 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.
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💬 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.
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💬 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.
Open Deal →

💬 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.
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💬 Servicer Commentary

2026-06-23
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
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💬 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.
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💬 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
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💬 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
Open Deal →
* 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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