1,108 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
0
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.

5/12/2025 The Loan transferred to SS for Delinquent Payments on 06/06/2024. The collateral consists of a 56-unit multifamily property with 6 commercial units across two 5-story buildings in Queen, NY. The Property was built in 1920 and reported 12 rent stabilized units with the remaining 44 units at market. The Property is 98% occupied and reported a YE 2023 NOI/DSCR of $1.3MM/1.37x. Legal counsel has been engaged. The Lender is dual tracking foreclosure/receivership

BBCMS 2021-C12
2025-05-30
Hayes Court
Saliman Coy

5/12/2025 The Property is a 110-key select service hotel built in 2016 and located in Lake Charles, LA, located along interstate 10 midway between Houston and New Orleans, just north of the Gulf of Mexico. The Loan transferred SS on 11-7- 2023 for imminent default. The Property has been closed since Q3 2022 due to structural concerns that were exacerbated by two previous hurricanes impacting the Property prior to securitization. Counsel has been engaged and discussions with Borrower are ongoing. Borrower is looking to settle with the contractors insurance as a result of the construction defects. Borrower's counsel has arrived at a settlement. Borrower has remitted settlement proceeds. Borrower has engaged a demolition expert who is proceeding todemolish the property. Demolition expert has finished the demolition of the hotel and is clearing the site. Borrower will commence the marketing process once the hotel has been demolished as required by

BBCMS 2021-C12
2025-05-30
Courtyard By Marriott - Lake Charles La
James W. Moore Jr.

5/12/2025 The loan transferred to Special Servicing effective 1/30/2024 for monetary and non-monetary default. The subject is a 21-unit multifamily property located in Detroit, MI built in 1966. A February 2025 inspection found the property to be in good overall condition with minor deferred maintenance identified. Occupancy as of April 2025 is 90%. The Borrower is working to sell the property and payoff the loan. The special servicer continues to reserve rights and remedies under the

BMO 2022-C1
2025-05-29
640 Virginia Park Street
Jennifer Lyon

5/12/2025 Borrower filed chapter 11 bankruptcy on 6/26/24 and the case is ongoing. Borrower and Lender continue to negotiate potential settlement terms while litigating the case.

BMO 2022-C1
2025-05-29
Portfolio (44 Other properties)
Tom Vukota

5/12/2025    New transfer as of 4/8/25. File is under review. SS has sent Borrower a PNA and Hello Letter.

BMO 2023-5C2
2025-05-29
84 Hoyt Street
Abe Cohen

The Loan transferred to Special Servicing on 6/21/2024 for imminent monetary default. The Special Servicer and the Borrower executed a Pre-Negotiation Agreement. Receiver appointed March 2025.

BANK 2019-BNK16
2025-05-29
Us Bank Centre
The Wolstein Group

Loan transferred on 03/21/24 due to Imminent Monetary Default. The loan is not currently in default. Due to key tenant departures, the Borrower requested a transfer to the Special Servicer to discuss a loan modification. SS, Borrower and Mezzanine are now working to document a loan modification based on terms approved by senior lender.

WFCM 2017-C38
2025-05-29
225 & 233 Park Avenue South
Orda Management Corporation

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 5/1/2025. Servicer is actively negotiating modification terms with Borrower. Appraisal has been ordered.

WFCM 2017-C38
2025-05-29
Portfolio (65 Hotel properties)
Starwood Capital Group Global L.P.

Title Date: 2/26/25 Property Description: Arlington Green Executive Plaza, a 62,835 SF multi-tenant office building in Arlington Heights, IL, built in 1984 and renovated in 1996. Tenants include various medical practices, such as a psychiatry clinic, urology clinic, and dental practice. Leasing Summary: The property is currently 76% leased. Marketing Summary: The property is not currently listed for sale but updated valuations have been received and the property will be

BMARK 2022-B34
2025-05-28
Arlington Green Executive Plaza
Moshe Rothman

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

WFCM 2017-C38
2025-03-26
Rite Aid - Allentown
Aleksander Goldin
* 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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