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 12 CMBS deals from this servicer's portfolio.

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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
9
Resolved
5
Returned
5
Pending Return
0
Most Recent Transfer
3/9/2025
Most Recent Return
11/27/2023

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 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. An introductory call has been held. Borrower has signed the PNL and has submitted a proposal for review. Special Servicer is currently evaluating the Borrower's proposal.

WFCM 2017-RB1
2025-03-26
1166 Avenue Of The Americas
Edward J. Minskoff Equities, Inc.

Loan transferred to special servicing due to a Borrower declared imminent monetary default. Borrower cooperated with SS and transitioned title to the Lender. Foreclosure took place on10/26/2023. SS engaged Newmark as property manager on the asset upon foreclosure. Newmark has been engage to market the subject for sale/lease as well. The marketing efforts have been attracting a variety of investors within the office sector, owner users looking for space, and self-storage investors. SS expects a self-storage developer to purchase the building with an expected closing in Q4 2025. San Francisco market continues to see significant challenges as vacancy continues to be north of 30%. The subject property's location and the significant amount of vacancy throughout SFO have been the biggest challenges associated with finding new tenants.

WFCM 2017-RB1
2025-03-26
340 Bryant
James M. Pollock
* 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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