1,128 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

2025-07-30
Prospectus ID: 16A12
7/11/2025 - The loan transferred to Special Servicing on 2/27/2025 due to imminent monetary default. Borrower signed PNL 3/28/25 and engaged in negotiating a loan modification. Special Servicer has engaged counsel and is evaluating its
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💬 Servicer Commentary

2025-07-30
Portfolio (4 Hotel properties)
Prospectus ID: 15
6/30/2025 - The loan transferred to Special Servicing on 1/26/2024 for imminent default. The Borrower stated that they will not be funding any more operating expense shortfalls out of pocket. The special servicing filed for Receivership and Triglid was ap pointed as the Receiver on 5/16/2024. The Receiver has engaged JLL to take these deals out to Market in the 4th quarter of 2024 with potential sales occurring in the 2nd and 3rd quarter of 2025. Both the Hampton Inn and Fairfield Inn located in Whitemars h are under contract to close in the next 30-45 days. The Receiver and JLL are still working on finalizing the sale contracts for the SpringHill Suites and Homewood Suites. The loan is secured by a four (4) property hotel portfolio located in the Northea st. The loan is in a lockbox and special servicer continues to make the debt service payments.
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💬 Servicer Commentary

2025-07-30
Prospectus ID: 16A13
7/11/2025 - The loan transferred to Special Servicing on 2/27/2025 due to imminent monetary default. Borrower signed PNL 3/28/25 and engaged in negotiating a loan modification. Special Servicer has engaged counsel and is evaluating its
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💬 Servicer Commentary

2025-07-29
Prospectus ID: 22A2
7/11/2025 - The loan transferred to special servicing effective 3/3/25 for imminent monetary default. The Loan is currently due for the 4/5/25 payment. The Loan is secured by a +/- 420,000 SF office complex in Birmingham, Alabama. Borrower has submitted a modification request which is under review, though direct discussions have not yet taken place. Legal counsel has been engaged. Appraisal has been ordered.
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💬 Servicer Commentary

2025-07-23
Lafayette Centre
None
Prospectus ID: 2
7/7/2025 - The loan recently transferred to the Special Servicer for Imminent Monetary Default. The Largest tenant CFTC will be vacating. PNL has been executed and negotiations are in process with the Borrower. The loan remains current at this time. Borr ower and Lender are discussing a consensual receivership and leasing opportunities with current and new tenants.
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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
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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💬 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

2025-05-29
2679 Redondo
Sharen Golshan
Prospectus ID: 65
5/12/2025 - Loan transferred SS on 3/12/2025 for monetary default. Previously the Loan transferred NT on 12/12/2024 for failure to implement the cash flow sweep triggered by the sole tenant being dark. Citi provided a $5,100,000 ($378 PSF) loan for the ca sh-in refinance of 2679 Redondo, a newly renovated 13,564 SF single-tenant medical office building located in Long Beach, CA. The Sponsors, Hooman Nissani & Sharon Golshan purchased the property in 2015. The property was originally a car dealership, w hich was operated by the Sponsors’ prior automotive business. The property was gut renovated and converted into medical office The subject property is 100% leased to LAVI Spine & Orthopedic Medical Center (a well-known orthopedic & spine surgeon with four locations in in Southern California) until March 21, 2031. 100% of the space is listed for sublease on co-star and the PI confirms the tenant is dark. There are no termination options in the
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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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