National Cooperative Bank, N.A. - Special Servicer
With a focus on cooperative housing financing, NCB provides specialized servicing tailored to the unique needs of cooperative borrowers. We are tracking 47 CMBS deals from this servicer's portfolio.
Servicer Metrics
Key performance indicators and workout statistics for National Cooperative Bank, N.A..Workout Statistics
Modifications
0Foreclosures
0Bankruptcies
0Extensions
0Note Sales
0DPOs
0REOs
0Deed in Lieu
0Full Payoffs
0Current Status
Active Deals
0Resolved
0Returned
0Pending Return
0Most Recent Transfer
N/AMost Recent Return
N/ARecent 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 National Cooperative Bank, N.A., highlighting their approach to managing distressed CMBS assets.💬 Servicer Commentary
2025-08-29
Del Ray Ii Mhp
Christian Torres
Prospectus ID: 26
Loan transferred to Special Servicing effective 7/17/2025 due to payment default. Loan is secured by a manufactured housing property in Longview, WA. SS is in process of sending Hello Letter,
💬 Servicer Commentary
2025-08-29
Portfolio (2 Retail properties)
Yakup Imir
Prospectus ID: 33
Loan transferred on 6/11/2025 due to imminent monetary default, failure to cooperate in setting up cash management. PNL and hello letter were sent to Borrower. Borrower has agreed to cooperate in implementing cash managment.
💬 Servicer Commentary
2025-08-28
29 West 35th Street
Shapour (Paul) Sohayegh
Prospectus ID: 12
REO Title Date: September 13, 2024. Description of Collateral: Property is a pre-war, 12-story, Class B multi-tenant office and retail property built in 1911 and renovated in 1997, containing 88,577 square feet of remeasured net rentable area, (71,180 s quare feet of gross building area) on a 6,419 square foot parcel of land. The property is currently leased to 1 retail tenant. The office portion is fully vacant. Crossed with or is a Companion Loan to: N/A. Deferred Maintenance/Repair Issues: Per the 6/2 8/24 inspection report, there were no DM or life safety items. Leasing Summary: To date there have been no leasing updates. Colliers has been appointed as PM/easing agent. Finalized redevelopment study with consultant and determined alternative uses for t he building, in addition to current office configuration, which may yield a greater highest and best use. Marketing Summary: Asset is currently listed for sale traditionally with Colliers, CFO occurred on 4/9,
💬 Servicer Commentary
2025-08-28
Us Bank Centre
The Wolstein Group
Prospectus ID: 8
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.
💬 Servicer Commentary
2025-07-30
Lynn G. Kirk
Prospectus ID: 30
The loan transferred to Special Servicing on 12/10/24 due to a non-monetary payment default. Borrower has not signed the PNL. Borrower intends to sell or refinance the collateral properties. The loan is expected to be paid off by maturity.
💬 Servicer Commentary
2025-07-30
Daniel A. Abramson
Prospectus ID: 61
DIL in May 2023. Pyramid Group is in as property manager and leasing agent. REO secured a 7-year renewal with Tops Grocer and an amendment to extend Family Dollar 5 years. Property is actively being marketed for sale. A closed sale is
💬 Servicer Commentary
2025-07-30
Howard Ruskin
Prospectus ID: 43
The loan transferred to Special Servicing on 4/16/2025 due to Imminent Monetary Default. Special Servicer has reached out to the Borrower with a PNL and Hello Letter. Special Servicer continues to monitor Property and Loan performance in
💬 Servicer Commentary
2025-07-30
Jeffrey Feil
Prospectus ID: 6
Special Servicer is in communication with Borrower's representatives, and is evaluating the Loan and collateral in order to determine the appropriate next steps for the Loan. The Loan is current on debt service payments, and cash management is active. A R eceiver has been appointed to control the collateral as of May 2025.
💬 Servicer Commentary
2025-07-29
4601 S Indiana Ave
Prospectus ID: 71
Loan has recently transferred to SS, Lender sent out PNL and Borrower has signed the PNL. Lender working with the borrower to get the loan into compliance with the loan documents
💬 Servicer Commentary
2025-01-02
Henry Tameleo
Prospectus ID: 45
Loan transferred for Monetary Default as a result of the Covid-19 pandemic. Collateral was foreclosed on 12/30/21. Mid-America is the Property Management company. Disposition of 2 of 5 properties occurred in October 2023. Remaining 3 remaining properties are under contract with expected closing date of December 19, 2024.
* 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.
* 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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