1,106 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 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 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

5/5/2025 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

MSC 2021-L7
2025-05-30
Portfolio (3 Office properties)

5/5/2025 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

MSC 2021-L7
2025-05-30
Portfolio (3 Office properties)

Loan was transferred to Special Servicing, effective March 10, 2025, and remains past due for the March 2025 payment. Borrower and Lender are negotiating term of a Deed in Lieu. At the same time, SS has directed counsel to

BBCMS 2022-C17
2025-05-30
Frisch's Commissary Kitchen
Wei Liu

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

5/12/2025 - Loan transferred to SS on 5/7/2024 due to payment default and is next due for 3/6/2024. Loan is secured by 228-unit multifamily property in Memphis, TN. Receiver put in place on 7/30/2024. As of 3/1/2025 the property was 13.60%

BMARK 2022-B32
2025-05-29
Lakeville Townhomes
Marianne Brooks

5/12/2025 - Loan was transferred to Special Servicing on 2/12/2025 due to a payment default. Special Servicer has reached out to both the Borrower and Mezzanine Lender of the default and is working with both parties to find a resolution.

BMARK 2022-B32
2025-05-29
The Onyx
MD Khaled Noor

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

Loan recently transferred to Special Servicing and Special Servicer reaching out to Borrower. Pre-negotiation letter has been signed and Lender has been in touch with Borrower. Special Servicer has received approval to appoint a receiver to the Property and counsel has prepared the draft pleadings. Borrower has indicated recent leasing interest. Special Servicer will dual track appointment of a receiver and the Borrower's leasing efforts at the Property.

CSAIL 2017-CX9
2025-05-28
Center 78
* 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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