1,125 deals

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.

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Recent Deals

FIVE 2023-V1

CMBS
2023-02-06

WFCM 2019-C51

CMBS
2019-06-17

WFCM 2017-C40

CMBS
2017-09-28

WFCM 2017-RB1

CMBS
2017-03-15

WFRBS 2014-C21

CMBS

WFCM 2016-C36

CMBS

Servicer Metrics

Key performance indicators and workout statistics for Greystone Servicing Company.

Workout Statistics

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

Current Status

Active Deals
11
Resolved
5
Returned
5
Pending Return
0
Most Recent Transfer
6/25/2025
Most Recent Return
11/28/2023

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 Greystone Servicing Company, highlighting their approach to managing distressed CMBS assets.

The property remains current on loan payments, and SS continues to engage the receiver in discussions for the resolution of the loan. The Q1 statements were received with occupancy reported at 90.91% and NOI/NCF DSCR at 1.86x/1.81x.

MSC 2016-BNK2
2025-07-31
H.K. Realty, Inc.
Prospectus ID: 35

The Loan transferred to Special Servicing on 07/24/2024 for imminent monetary default. A Hello Letter and Pre-Negotiation Letter have been sent to the Borrower. Borrower has signed the PNL. Borrower's initial modification proposal rejected. Working with Borrower towards new solutions for Loan, in progress as of June 2025.

WFCM 2017-RB1
2025-07-30
1166 Avenue Of The Americas
Edward J. Minskoff Equities, Inc.
Prospectus ID: 8

The loan was transferred to Special Servicing (SS) following the Borrower's declaration of imminent monetary default. The Borrower cooperated with SS and transitioned the title to the Lender on October 26, 2023. Upon foreclosure, SS engaged Newmark as the property manager for the asset. Newmark was also retained to lead the marketing efforts for both sale and lease opportunities. Marketing has attracted interest from a range of parties, including office-sector investors, owner- users seeking space, and self-storage investors aiming to reposition the asset. The property's location near the I-80 on-ramp and ample exterior parking make it particularly attractive for self-storage conversion.

WFCM 2017-RB1
2025-07-30
340 Bryant
James M. Pollock
Prospectus ID: 17

New transfer as of 6/2/25 due to payment default. Borrower signed PNA and is requesting modification to allow sale of the property for redevelopment to multifamily. A 66,707 sf tenant (41%) vacated at 6/30 lease expiration. Occupancy 7/1/25 was 33. 2%. Legal counsel has been engaged and file is under further review. Appraisal update due 7/21/25.

WFCM 2017-RB1
2025-07-30
100 Ashford Center
W. Eric Singer
Prospectus ID: 16

Counsel filed a foreclosure complaint and the Borrower agreed to appointment of a receiver effective 1/18/2020. Trust Counsel and Borrower Counsel have finalized an Agreed Judgment Entry and Decree and the Court entered the Order on 3/20/2020. Noteholder is pursuing rights and remedies as appropriate. YTD through May 2025, the property achieved a 27.58% occupancy, $131.18 ADR and $36.18 RevPar. Final stages of sale process are in progress.

MSBAM 2016-C28
2025-07-29
Prospectus ID: 13

Latest rent roll reports occupancy at 44%. The asset transferred to Special Servicing in early 2024 due to imminent default. There is insufficient cash flow to make debt service and pay ongoing operating expenses. The property is now due for its March 1, 2025, payment. The cash flow waterfall has been amended to allow for the payment of ongoing operating expenses prior to scheduled debt service to assure ongoing operations are not impacted. Discussions on a potential modification of the debt have continu ed with borrower representatives, but foreclosure will be pursued if no resolution is forecasted.

MSBAM 2016-C28
2025-07-29
Prospectus ID: 5

Transfer 5/27/25 for payment default. Hello letter and PNA sent 6/6/25. The property occupancy was 80% as of 3/31/25. Legal counsel has been engaged. Borrower is non-responsive. PM has provided operating information. The property sustained damage fr om the 2024 hurricane Beryl and a $400,000+ claim is pending with a restoration company.

MSBAM 2016-C28
2025-07-29
Prospectus ID: 19

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.

CGCMT 2016-GC36
2025-07-24
Louis Caiola Sr.
Prospectus ID: 21

Loan transferred to Greystone, as Special Servicer, on 11/1/24 due to Imminent Default as Borrower was requesting a modification due to declining occupancy. Loan subsequently transferred to LNR, as Special Servicer, on 12/26/24. Loan matu res on 1/6/26. Collateral consists of a 25-story Class B office building ('Property') located in the Penn District office submarket of Midtown New York. Property contains 661,874 NRSF, of which 17,488 SF is retail that is 100% occupied by CVS, TD Bank, Ci tyMD, and Cafe Cinq. Property was constructed in 1917 and was recently renovated in 2016. Lender has conditionally approved a proposed modification with Borrower and is currently documenting the transaction.

CGCMT 2016-GC36
2025-07-24
Prospectus ID: 1

Transfer as of 12/8/20. Borrower initially requested a transition of the Property back to the Noteholder. A foreclosure complaint was filed and a receiver is now in place as of September 2022. The receiver has been successfully working to maintaintenancy and attract new tenants to the Property. The receiver has engaged Property Manager to manage and lease the property. The property is currently 81% occupied as of 1Q 2025. Borrower and Lender are in discussions to a Deed-in-lieu/Forec losureor another form of transition from the Property, which includes a possible loan assumption with modifications with potential buyer. Lender is negotiating terms of modified debt with the assuming new

CGCMT 2016-GC36
2025-07-24
GGP Limited Partnership
Prospectus ID: 4
* 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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