1,128 deals

KeyBank National Association - Special Servicer

With a strong presence in commercial real estate finance, KeyBank provides specialized servicing solutions to meet the needs of CMBS investors. We are tracking 30 CMBS deals from this servicer's portfolio.

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Recent Deals

MSC 2021-L7

CMBS
2021-09-23

GSMS 2020-GC47

CMBS
2020-05-04

GSMS 2019-GC39

CMBS
2019-05-06

UBSCM 2017-C7

CMBS
2017-12-13

WFCM 2017-C38

CMBS
2017-06-21

WFRBS 2012-C7

CMBS

Servicer Metrics

Key performance indicators and workout statistics for KeyBank National Association.

Workout Statistics

Modifications
0
Foreclosures
2
Bankruptcies
0
Extensions
0
Note Sales
0
DPOs
0
REOs
0
Deed in Lieu
0
Full Payoffs
0

Current Status

Active Deals
7
Resolved
1
Returned
1
Pending Return
0
Most Recent Transfer
5/2/2025
Most Recent Return
9/13/2024

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 KeyBank National Association, highlighting their approach to managing distressed CMBS assets.

💬 Servicer Commentary

2025-07-29
Portfolio (65 Hotel properties)
Starwood Capital Group Global L.P.
Prospectus ID: 4
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 actively negotiating modification terms with Borrower. Appraisal has been received and is under review.
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💬 Servicer Commentary

2025-07-29
225 & 233 Park Avenue South
Orda Management Corporation
Prospectus ID: 6
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.
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💬 Servicer Commentary

2025-07-29
Prospectus ID: 20-A-11
7/11/2025 Borrower filed chapter 11 bankruptcy on 6/26/24. Borrower and Lender have negotiated a court-approved plan to sell all collateral, with an anticipated closing in late 2025. Marketing is ongoing.
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💬 Servicer Commentary

2025-07-29
Prospectus ID: 20-A-10
7/11/2025 Borrower filed chapter 11 bankruptcy on 6/26/24. Borrower and Lender have negotiated a court-approved plan to sell all collateral, with an anticipated closing in late 2025. Marketing is ongoing.
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💬 Servicer Commentary

2025-07-29
Travelodge - 98 Moffat Avenue
Prospectus ID: 20-A-12
7/11/2025 Borrower filed chapter 11 bankruptcy on 6/26/24. Borrower and Lender have negotiated a court-approved plan to sell all collateral, with an anticipated closing in late 2025. Marketing is ongoing.
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💬 Servicer Commentary

2025-07-29
Walgreens
David Feldman
Prospectus ID: 56
The loan transferred to Special Servicing effective 8/28/2024. The subject is a 14,490 SF single tenant retail property located in Lawrenceville, GA and was built in 2001. Special Servicer has made contact with the Borrower and is in the process of establishing the DACA. Special Servicer continues to evaluate potential workout strategies.
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💬 Servicer Commentary

2025-07-28
Rohnert Park Center
Yianni Michaelides
Prospectus ID: 22
The Loan transferred to Special Servicing due to Imminent Monetary Default. This Loan was previously returned to the Master Servicer. Special Servicer sent a Hello Letter and a PNL has been executed. Borrower requested approval o f a new lease which was subsequently approved. Borrower provided a proposal to bring the loan payment current which is being evaluated.
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💬 Servicer Commentary

2025-07-28
Bank Of America Center
Gerard Alexander Sponsor LLC
Prospectus ID: 2
7/11/2025 Borrower signed PNL and Cash Management is functioning. Negotiations continue regarding future of Loan and Property. Loan remains current as of June 2025.
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💬 Servicer Commentary

2025-07-28
Portfolio (3 Multifamily properties)
Jennifer Li
Prospectus ID: 8
7/11/2025 The Loan transferred in April 2021 due to imminent monetary default stemming from issues relating to Covid-19. Lender has performed a books and records inspection and is pursuing a foreclosure strategy. Judge on the case has grant ed lender's pre-motion conference request letter and lender now has leave to file motion for summary judgment. The application for a receiver was declined by the court, however, motion for summary judgment was granted. Papers in support of damages were fi led. Special servicer continues to proceed with a foreclosure strategy. Litigation ongoing as of 6/27/2025.
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💬 Servicer Commentary

2025-03-26
Rite Aid - Allentown
Aleksander Goldin
Prospectus ID: 62
The Loan was transferred to Special Servicing on November 29, 2023, due to Imminent Monetary Default. The Special Servicer has reached out to the Borrower and executed a pre-negotiation agreement. The Special Servicer and Borrower are
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* 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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