1,126 deals

Midland Loan Services - Special Servicer

Providing comprehensive servicing solutions, Midland specializes in managing CMBS portfolios and maximizing asset value. We are tracking 90 CMBS deals from this servicer's portfolio.

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Recent Deals

WFCM 2020-C57

CMBS
2020-08-12

MSC 2020-HR8

CMBS
2020-07-20

JPMDB 2020-COR7

CMBS
2020-06-23

WFCM 2020-C56

CMBS
2020-05-21

GSMS 2020-GC45

CMBS
2020-01-06

JPMDB 2019-COR6

CMBS
2019-11-07

Servicer Metrics

Key performance indicators and workout statistics for Midland Loan Services.

Workout Statistics

Modifications
5
Foreclosures
6
Bankruptcies
2
Extensions
0
Note Sales
0
DPOs
0
REOs
2
Deed in Lieu
0
Full Payoffs
6

Current Status

Active Deals
20
Resolved
59
Returned
58
Pending Return
2
Most Recent Transfer
6/2/2025
Most Recent Return
7/3/2025

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 Midland Loan Services, highlighting their approach to managing distressed CMBS assets.

💬 Servicer Commentary

2025-07-29
Portfolio (7 Multifamily properties)
TrinityFlood
Prospectus ID: 19
7/11/2025 - Loan transferred to Special Servicing on 9/10/024 due to a payment default as the Loan is due for the 7/6/2024 payment. The collateral consists of 354 multi-family units across seven properties located in Chicago, IL, Valdosta, GA, and Sierr a Vista, AZ. Borrower signed the PNA and has submitted various workout proposals. Borrower remitted some partial payments and loan is paid through the August 2024 payment. Special Servicer is also dual tracking foreclosure and
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💬 Servicer Commentary

2025-07-22
Deerfield Village Centre
Eliyahu Stefansky
Prospectus ID: 24
07/07/2025: $6.5MM loan secured by neighborhood shopping center located in Deerfield, Illinois. Loan transferred to special servicing May 28, 2025 due to past-due payments. Loan is currently due for March 6, 2025 payment. Borrower has not replied to communication efforts. Counsel is drafting formal default letter. If borrower does not respond, Motion for Receiver will be filled.
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💬 Servicer Commentary

2025-07-22
Prospectus ID: 5A5
07/05/2025: Loan transferred to Special Servicing 11/13/2023 due to Borrower request for modification. The Loan is secured by the Hampton Roads Office Portfolio which is comprised of 16 office buildings and six office/industrial flex buildings totaling 1. 32 million sf located in Chesapeake, Virginia Beach, and Hampton, Virginia. Lender and Mezz Lender have completed a proposed modification and assignment of the loan. Loan will be returned to Master Servicing in August.
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💬 Servicer Commentary

2025-07-22
Legends At Kingsville
Ogden K. Shannon III
Prospectus ID: 17
07/03/25 - Loan transferred to Special Servicing on 10-31-2022 due to Imminent Monetary Default. The property was suffering from lower occupancy due to declining enrollment at Texas A&M-Kingsville and higher than expected non- controllable operating expenses. A receiver was appointed on 8/17/2023 to manage and stabilize the property. Occupancy for the 2024/2025 school year is approximately 65%. Special Servicer and Receiver are currently reviewing targeted pre- leasing levels for the 2025/2026 school year with a goal of reaching a 75% occupancy rate. The property is a 129-unit 3-story student housing complex.
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💬 Servicer Commentary

2025-07-22
Prospectus ID: 20A1A
7/9/2025 - Borrower and Special Servicer have executed a Loan Modification Agreement. Loan is performing under the Modification Agreement as of June 2025.
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💬 Servicer Commentary

2025-07-22
Prospectus ID: 5A1
07/05/2025: Loan transferred to Special Servicing 11/13/2023 due to Borrower request for modification. The Loan is secured by the Hampton Roads Office Portfolio which is comprised of 16 office buildings and six office/industrial flex buildings totaling 1. 32 million sf located in Chesapeake, Virginia Beach, and Hampton, Virginia. Lender and Mezz Lender have completed a proposed modification and assignment of the loan. Loan will be returned to Master Servicing in August.
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💬 Servicer Commentary

2025-07-21
315-325 W 36th Street
David Berley
Prospectus ID: 7
6/30/2025 – Loan transferred to special servicing on 6/8/2023 for payment default. The Special Servicer continues to move forward with the Foreclosure process in New York. The next step is to obtain summary judgment and local counsel anticipates a rulingw ithin the next 1-2 months. Trigild was appointed as the Receiver on 4/26/2024 to maintain the property and begin leasing efforts on the vacant office space. JLL has been retained by the Receiver and was approved by the Court in October 2024 as the leasing broker for this property. The property contains 143,479 square feet of leas-able space. The subject property is located in the Garment District, a well-established and stable area in Manhattan. The largest tenant (WeWork, 133,208/sf) stopped paying rent in early 2023 and has since filed for Chapter 11 bankruptcy. The WeWork lease was rejected out of Bankruptcy court.
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💬 Servicer Commentary

2025-07-21
644 Broadway
Jeffery M. Lee
Prospectus ID: 16
07/05/2025: Loan transferred to Special Servicing on 07/07/2020 due to payment default. Borrower and Lender closed a forbearance agreement. However, China Live, the major tenant, stopped paying rent and the Borrower defaulted on the forbearance agreement. A receiver was appointed with the authority to sell the property and has also taken over the litigation with tenant China Live.
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💬 Servicer Commentary

2025-07-21
Kingswood Center
Steven J. Kassin
Prospectus ID: 3
"6/30/2025: Loan transferred to SS 5/3/23 for imminent monetary default after Borrower indicated its unwillingness to continue funding losses as declining occupancy and reduced rents led to cash flow shortfalls. Asset was foreclosed on 6/27/24 and the Trust was the winning bidder. LPC Commercial Services has been engaged as the property manager and leasing agent to work on leasing up the vacant space. To-date any large office or specialized tenant is looking for high TI concessions from the Landlord to lease space. Collateral is a mixed use (retail, office) building located in South Brooklyn, NY.
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💬 Servicer Commentary

2025-07-21
Prospectus ID: 7A3
6/30/2025 – Loan transferred to special servicing on 6/8/2023 for payment default. The Special Servicer continues to move forward with the Foreclosure process in New York. The next step is to obtain summary judgment and local counsel anticipates a rulingw ithin the next 1-2 months. Trigild was appointed as the Receiver on 4/26/2024 to maintain the property and begin leasing efforts on the vacant office space. JLL has been retained by the Receiver and was approved by the Court in October 2024 as the leasing broker for this property. The property contains 143,479 square feet of leas-able space. The subject property is located in the Garment District, a well-established and stable area in Manhattan. The largest tenant (WeWork, 133,208/sf) stopped paying rent in early 2023 and has since filed for Chapter 11 bankruptcy. The WeWork lease was rejected out of Bankruptcy court.
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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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