Situs Holdings - Special Servicer
A global leader in commercial real estate services, Situs delivers expert servicing solutions tailored to the needs of CMBS investors. We are tracking 6 CMBS deals from this servicer's portfolio.
Servicer Metrics
Key performance indicators and workout statistics for Situs Holdings.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 Situs Holdings, highlighting their approach to managing distressed CMBS assets.💬 Servicer Commentary
2025-08-29
Prospectus ID: 3A5
8/11/2025 - Loan transferred for Borrower declared Imminent Monetary Default due to COVID-19. As of July, 2025, discussions are ongoing with the Borrower on the status of each hotel and a receiver has been appointed over all 8 properties in
💬 Servicer Commentary
2025-08-29
22 W 38th Street
Mark Goldberg
Prospectus ID: 7
8/11/2025 - Special Servicer acquired title via foreclosure on 2/19/25. As of 7/31/25, Special Servicer continues to monitor leasing activity at the Property while formulating the business plan. Placeholder resolution date set for YE 2025 until
💬 Servicer Commentary
2025-08-29
Radisson Oakland
Nupenbhai D. Patel
Prospectus ID: 8
8/11/2025 - The Loan was transferred to Special Servicing on 9/7/2023, due to Imminent Monetary Default. The Borrower has executed the Pre-Negotiation letter. The Special Servicer has sent a Notice of Default related to the Borrower''s failure to make the August 2023 debt service payment. Lender has since accelerated the debt and has received approval to commence foreclosure proceedings. Receiver was appointed at the Property on 2/27/2025. On 4/1/2025, Choice submitted termination of brand agreement and the hotel was closed. Property is expected to be marketed in Q3 2025.
💬 Servicer Commentary
2025-08-29
Prospectus ID: 1A1
8/11/2025 - The Loan has transferred to Special Servicing on 2/5/2025. Special Servicer has sent out a PNL and requested due diligence items. Borrower has signed PNL and submitted due diligence. Lender is duel tracking this loan for foreclosure and potential modification. The foreclosure is scheduled for August 5, 2025
💬 Servicer Commentary
2025-08-29
Prospectus ID: 3A3
8/11/2025 - Loan transferred for Borrower declared Imminent Monetary Default due to COVID-19. As of July, 2025, discussions are ongoing with the Borrower on the status of each hotel and a receiver has been appointed over all 8 properties in
💬 Servicer Commentary
2025-08-29
Prospectus ID: 3A6
8/11/2025 - Loan transferred for Borrower declared Imminent Monetary Default due to COVID-19. As of July, 2025, discussions are ongoing with the Borrower on the status of each hotel and a receiver has been appointed over all 8 properties in
💬 Servicer Commentary
2025-08-29
Prospectus ID: 1A2
8/11/2025 - The Loan has transferred to Special Servicing on 2/5/2025. Special Servicer has sent out a PNL and requested due diligence items. Borrower has signed PNL and submitted due diligence. Lender is duel tracking this loan for foreclosure and potential modification. The foreclosure is scheduled for August 5, 2025
💬 Servicer Commentary
2025-08-29
Prospectus ID: 3A1
8/11/2025 - Loan transferred for Borrower declared Imminent Monetary Default due to COVID-19. As of July, 2025, discussions are ongoing with the Borrower on the status of each hotel and a receiver has been appointed over all 8 properties in
💬 Servicer Commentary
2025-08-29
Prospectus ID: 3A2
8/11/2025 - Loan transferred for Borrower declared Imminent Monetary Default due to COVID-19. As of July, 2025, discussions are ongoing with the Borrower on the status of each hotel and a receiver has been appointed over all 8 properties in
💬 Servicer Commentary
2025-08-29
Prospectus ID: 3A4
8/11/2025 - Loan transferred for Borrower declared Imminent Monetary Default due to COVID-19. As of July, 2025, discussions are ongoing with the Borrower on the status of each hotel and a receiver has been appointed over all 8 properties in
* 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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