Greystone Servicing Company - Special Servicer
Known for its innovative solutions, Greystone offers expert servicing for a wide range of commercial real estate assets. We are tracking 29 CMBS deals from this servicer's portfolio.
Servicer Metrics
Key performance indicators and workout statistics for Greystone Servicing Company.Workout Statistics
Modifications
0Foreclosures
0Bankruptcies
0Extensions
0Note Sales
0DPOs
0REOs
1Deed in Lieu
0Full Payoffs
0Current Status
Active Deals
11Resolved
5Returned
5Pending Return
0Most Recent Transfer
6/25/2025Most Recent Return
11/28/2023Recent 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 Greystone Servicing Company, highlighting their approach to managing distressed CMBS assets.💬 Servicer Commentary
2025-07-30
84 Hoyt Street
Abe Cohen
Prospectus ID: 35
7/11/2025 Transfer as of 4/8/25. PNA was executed by Borrower on 5/20/25. SS has had one call with Borrower. Trust Counsel sent a default letter to Borrower on 6/3/25. An appraisal has been ordered and is currently under review by SS.
💬 Servicer Commentary
2025-07-30
88 North 1st Street
Joel Schwartz
Prospectus ID: 11
7/11/2025 - Loan transferred to special servicer on 6/6/2025 due to payment default. Special servicer is working to enter into communication with the borrower. File is under review.
💬 Servicer Commentary
2025-07-30
Rodney C. Freeman
Prospectus ID: 28
REO Title Date: 10/4/2022. The Property is comprised of two parcels of land that is approx. 9.13 acres in size. The Property is designed and used for multi-tenant office and retail purposes. One Corporate Plaza consists of a 6-story office building and a two-level parking garage that were constructed in 1984. Two Corporate Plaza consists of an 8-story office building, one-story retail building and one 3-level parking garage that were constructed in 1989. The Property is located in the Clear Lakes market of Houston. Crossed with or Companion Loan: Pari Passu loan in WFCM 2016-C36. Deferred Maintenance: Most deferred maintenance issues have been addressed or are in the process of being completed, including fire panel replacement, partial roof replac ement and elevator modernization. All chillers have been replaced by the Receiver before the REO title date. Common areas updates are almost complete. Leasing Summary: Approx. six lease renewals have been completed with an aggregate of 28, 753 SF. T hree new leases with an aggregate of 22K SF have been completed. Marketing Summary: The property is currently not listed for sale.
💬 Servicer Commentary
2025-07-30
Rouse Properties LP
Prospectus ID: 7
The collateral property was previously a 329,398 SF enclosed mall constructed in 2006 and located in Jonesboro, AR. The mall collateral was largely destroyed by a tornado on 3/28/2020. The non-collateral anchors (Dillards/JCP/Target) received far les s damage and reopened in 2020. The majority of the mall collateral has been demolished after being condemned. The borrower has been cooperative in turning over information and access but is not willing to rebuild the property and carry the loan. A settlement was agreed under which the Trust took title to the property on 12/14/2022 and received substantial insurance proceeds. The special servicer completed the required site work per agreements with non-collateral anchors. Ultimate resoluti on via an REO sale is expected to occur in Q3 2025.
💬 Servicer Commentary
2025-07-30
Prospectus ID: 10A2
7/11/2025 - The loan transferred to Special Servicing due to a monetary payment default. A pre-negotiation agreement was executed and special servicer engaged third-party due diligence reports and is in active discussions with the Borrower
💬 Servicer Commentary
2025-07-30
Prospectus ID: 12A2
7/11/2025 - Transfer to SS 2/7/25 due to loan payment default. NOD sent 3/27/25. PNA executed 4/2/25. Partial financial information has been received from the Borrower. As of 12/31/24, NCF is reported by the Borrower as $3.10M, a 0.88x DSCR. Appraisals have been received and are under review. A property condition assessment was requested, however the borrower has not allowed access to the property. Negotiations are ongoing via counsel.
💬 Servicer Commentary
2025-07-29
Portfolio (65 Hotel properties)
Starwood Capital Group Global L.P.
Prospectus ID: 21
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 6/1/2025. Servicer is act ively negotiating modification terms with Borrower. Appraisal has been received and is under review.
💬 Servicer Commentary
2025-07-29
225 & 233 Park Avenue South
Prospectus ID: 1
Borrower and Lender have entered into a loan modification, effective 7/8/2025. SS will now coordinate with the master servicer on returning the loan. The loan is payment current and due for the August 2025 payment.
💬 Servicer Commentary
2025-07-24
Louis Caiola Sr.
Prospectus ID: 21
The Loan was transferred to the Special Servicer on 12/26/2024 after the Borrower failed to comply with cash management. The collateral consists of a two-story, 40,315 SF office building built in 1938, and located in Hollywood, CA ('Prope rty'). The Property is 100% occupied by a single tenant, Pacific Standard Leasing whose lease began on 2/3/25. Lender will continue discussions with the Borrower to gather necessary information while simultaneously reserving all rights under the Loan Docu ments. The Loan is current on payments. Cash sweep has been cured, loan is current on payments. SS is preparing to return the Loan to the MS.
💬 Servicer Commentary
2025-04-29
928 North San Vicente
The Michael Allan Lipman Living Trust
Prospectus ID: 36
The borrower brought the Loan current as of October 15, 2024, however the November, December, January, and February payments were not made. A Demand Letter was issued on December 5, 2024, the Notice of Default was recorded on January 3, 2025 and rece ivership motion was filed on January 5, 2025 with a hearing scheduled for February 19th.
* 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.
* Commentary dates (asof) represent when the special servicer made the comment.
* For full disclosures, please visit our disclosures page.
Get some data

CMBS Special Servicing Commentary
Special servicing commentary extracted from sec.gov Form 10-D filing servicer reports.
Paid