1,126 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

2025-07-31
Portfolio (3 Office properties)
Prospectus ID: 1
6/30/2025 The Loan transferred to Special Servicing for payment default in March 2025. The Loan is secured by 3 suburban office buildings in Baskin Ridge, NJ and New Providence, NJ totaling 448,372 sf. The Special Servicer has established
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💬 Servicer Commentary

2025-07-30
85 Broad Street
Prospectus ID: 7
The loan transferred to Special Servicing effective 6/5/2025. The subject is a 30-story Class A office building consisting of 1,118,512sq. ft. located at 85 Broad Street, in New York, NY built in 1983 and renovated in 2015. Files are cur rently underreview to determine workout strategies. The loan is one of 4 pari passu loans, and the property is also security for 3 subordinate loans.
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💬 Servicer Commentary

2025-07-30
Center 78
Prospectus ID: 11
Special Servicer has received approval to appoint a receiver to the Property and counsel has prepared draft pleadings. Borrower has indicated recent leasing interest. Special Servicer will dual track appointment of a receiver and
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💬 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.
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💬 Servicer Commentary

2025-07-29
One Jackson Place
Hertz Group Realty Operating Partnership LP
Prospectus ID: 21
The Loan transferred to SS on May 2, 2025, due to Imminent Non-Monetary Default, as Loan Guarantor doesn't want to replace roof for tenant who has sent Default Notice with intent to vacate. One Jackson Place is a 14-story Class A multi -tenant high-rise office contains 221,421 square feet of rentable area and is situated on a 0.86-acre site. The Special Servicer is working to contact the Borrower to execute a Pre-Negotiation Agreement and find a viable strategy to
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💬 Servicer Commentary

2025-07-21
Wealth Management Capital Holding GmbH
Prospectus ID: 10
The asset transferred to Special Servicing effective 4/16/2024 due to Imminent Monetary Default. A Receiver was appointed to the property on 6/21/24 and have taken over operations from the Borrower. Borrower have yet to provide a possible modification p roposal as they are not willing to sign a pre-negotiation agreement. A default letter was sent to the Borrower on 5/8/2024 and a foreclosure complaint was filed with the court on 5/17/2024. Court has approved the receiver with the
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💬 Servicer Commentary

2025-07-21
Jared Kushner
Prospectus ID: 3
The loan transferred to special servicing on 12/24/2019 due to imminent monetary default. The collateral consists of a 248,457 sf (8-unit) retail condo located at 229 W. 43rd Street (Times Square), The Lender was the successful bidder at the foreclosure s ale on May 29, 2024. The Foreclosure Deed was issued in July 2024 and CBRE was engaged for property management, leasing & listing. An REO Sale process was launched in early Sept 2024 and best and final bids were submitted Nov. SS entered into a PSA with a Buyer Party with an expected closing on May 14, 2025. The Buyer Party terminated the PSA on April 30, 2025. SS will evaluate relaunching a sale process this summer or early fall 2025.
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💬 Servicer Commentary

2025-06-23
Prospectus ID: 3A
The loan transferred to special servicing on 12/24/2019 due to imminent monetary default. The collateral consists of a 248,457 sf (8-unit) retail condo located at 229 W. 43rd Street (Times Square), The Lender was the successful bidder at the foreclosure s ale on May 29, 2024. The Foreclosure Deed was issued in July 2024 and CBRE was engaged for property management, leasing & listing. An REO Sale process was launched in early Sept 2024 and best and final bids were submitted Nov. SS entered into a PSA with a Buyer Party with an expected closing on May 14, 2025. The Buyer Party terminated the PSA on April 30, 2025. SS will evaluate relaunching a sale process this summer or early fall 2025.
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💬 Servicer Commentary

2025-05-21
Tyson A. Rhame
Prospectus ID: 17
5/6/2025 Special Servicer continues to monitor the loan. Cash sweep has commenced. Foreclosure and receiver litigation filed. Receivership order entered. Ground lease terminated. The broker has marketed the property as a Receiver Sale. As of 5/1/2 025, Special Servicer is currently negotiating with potential buyer on the sale price.
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💬 Servicer Commentary

2025-05-21
Francis Greenburger
Prospectus ID: 20
5/6/2025 Loan transferred 5/1/2024. PNL executed. Counsel engaged. Special Servicer is pursuing a consensual foreclosure / appointment of a receiver. The motion to appoint a receiver has been approved by the court. Working with the Receiver to obtain updates about the status of leasing and operations at the Property. Receiver has completed te necessary steps to address ground lease and seek attornment from subtenants.
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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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