Rialto Capital Advisors - Special Servicer
With a focus on distressed debt investments, Rialto offers strategic servicing solutions to unlock value and optimize performance. We are tracking 126 CMBS deals from this servicer's portfolio.
Servicer Metrics
Key performance indicators and workout statistics for Rialto Capital Advisors.Workout Statistics
Modifications
2Foreclosures
39Bankruptcies
12Extensions
0Note Sales
0DPOs
0REOs
11Deed in Lieu
0Full Payoffs
9Current Status
Active Deals
49Resolved
126Returned
125Pending Return
5Most Recent Transfer
7/28/2025Most Recent Return
7/30/2025Recent 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 Rialto Capital Advisors, highlighting their approach to managing distressed CMBS assets.💬 Servicer Commentary
2025-09-02
Prospectus ID: 26
7/11/2025 - The Loan transferred to special servicing for Non-Monetary Default. Borrower has not executed PNL. Counsel has been engaged. Counsel has sent appropriate notices/demands. Negotiations ongoing to comply with cash management and collecting excess cash due since trigger occurred. Reviewing potential lease up at Property and valuating next steps for the property and performance.
💬 Servicer Commentary
2025-09-02
Prospectus ID: 19
7/11/2025 - The Loan transferred to the Special Servicer for cash management compliance. The loan is current on payments. PNL was signed and negotiations with the Borrower have been initiated. Borrower sent lockbox cash reconciliations to help determine i f all funds have been deposited properly. Still working on reconciliations to lockbox and net dollars borrower funded for the property. Loan remains current and Borrower is looking to refinance.
💬 Servicer Commentary
2025-09-02
Prospectus ID: 23
7/11/2025 - Assumption/receiver sale has been completed. Loan was assumed on 12/31/2024 and will be returning to the MS after the rehab period. Assumption Amendment is being finalized in order to board the loan. Ongoing discussions between Lender''s counsel and Borrower''s counsel. Pending Borrower''s execution on Assumption Amendment Agreement.
💬 Servicer Commentary
2025-08-28
Dan Kleiman
Prospectus ID: 19
Loan has transferred to SS on 10/25/2022. Receiver is in place. Receiver continues to work on the required repairs at the property. Ground lessor asked for a status update on all repair items at the property. Ongoing discussions with counsel on next steps and potential transfer of the leasehold to the ground lessor. AAM is going through the approval process.
💬 Servicer Commentary
2025-08-28
740 Veterans Memorial Hwy
Gursharan S. Pannu
Prospectus ID: 33
The loan transferred to Special Servicing due to payment default. Special Servicer is reaching out to the Borrower.
💬 Servicer Commentary
2025-07-30
Prospectus ID: 32
Loan transferred for Imminent Monetary Default and Borrower informed Lender they are no longer willing to contribute additional capital to the Property and wish to transition the Property to the Lender. On 9/26/2022 the collateral was placed into rec eivership. Sale with assumption closed in January 2025. Pending Return to Master Servicer. Expect to return to the Master Servicer in August 2025.
💬 Servicer Commentary
2025-07-30
Center 78
Prospectus ID: 11
Special Servicer has received approval to appoint a receiver to the Property and counsel has prepared draft pleadings. Borrower has indicated recent leasing interest. Special Servicer will dual track appointment of a receiver and
💬 Servicer Commentary
2025-07-30
85 Broad Street
Prospectus ID: 7
The loan transferred to Special Servicing effective 6/5/2025. The subject is a 30-story Class A office building consisting of 1,118,512sq. ft. located at 85 Broad Street, in New York, NY built in 1983 and renovated in 2015. Files are cur rently underreview to determine workout strategies. The loan is one of 4 pari passu loans, and the property is also security for 3 subordinate loans.
💬 Servicer Commentary
2025-07-30
Prospectus ID: 3A
The loan transferred to special servicing due to a borrower-declared imminent monetary default. Borrower has signed a pre-negotiation letter and submitted a loan modification request, however, no terms have been agreed upon. A receiver was appointed to ma nage the property on 9/21/2023. Receiver engaged an affiliate to market the property for sale and a call for offers occurred on 11/22/2024, however, no acceptable offers were submitted. Lender is evaluating the loan and collateral in order to determine ne xt steps as the receiver continues to operate the property as of 6/27/2025.
💬 Servicer Commentary
2025-07-30
Continental Towers
Rubenstein Properties Fund III L.P.
Prospectus ID: 3
The loan transferred to special servicing due to a borrower-declared imminent monetary default. Borrower has signed a pre-negotiation letter and submitted a loan modification request, however, no terms have been agreed upon. A receiver was appointed to ma nage the property on 9/21/2023. Receiver engaged an affiliate to market the property for sale and a call for offers occurred on 11/22/2024, however, no acceptable offers were submitted. Lender is evaluating the loan and collateral in order to determine ne xt steps as the receiver continues to operate the property as of 6/27/2025.
* 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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