1,121 deals

Torchlight Loan Services - Special Servicer

Specializing in loan administration and asset management, Torchlight offers customized servicing solutions for CMBS transactions. We are tracking 8 CMBS deals from this servicer's portfolio.

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Recent Deals

JPMCC 2016-JP3

CMBS

JPMCC 2014-C20

CMBS

Servicer Metrics

Key performance indicators and workout statistics for Torchlight Loan Services.

Workout Statistics

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

Current Status

Active Deals
1
Resolved
0
Returned
0
Pending Return
0
Most Recent Transfer
N/A
Most Recent Return
N/A

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

6/11/2025 Lofton Place Apartments is a garden-style apartment complex located in Fort Worth, Texas, approximately 10 miles east of downtown Fort Worth. The Property, built in 1984 and renovated in 2015, is comprised of 21 buildings with 258 individual apartment units. Occupancy as of YE2024 is 50.39%. 2024 DSCR (NOI / NCF) is 0.43x / 0.36x. Argos Capital Partners, the limited partner, has reached out to the master servicer indicating that the Property would benefit from a material capital investment an d that they would like to discuss making that investment in exchange for approval of a new property manager (currently managed by Cohen-Esrey), approval of a new control party and a loan extension. The loan is cash managed and there were insufficient fund s in the CMA to make the January 2025 debt service payment, and the Borrower failed to fund the shortfall. As such, the loan is now 60+ days delinquent. For the various reasons stated above, the loan officially transferred to special servicing on 3/20/202 5. TLS has engaged counsel and will initiate contact with the Borrower and engage on a PNA.

CSAIL 2016-C6
2025-07-01
Steven R. Robbins
Prospectus ID: 14

6/11/2025 The loan transferred to special servicing effective 4/10/2024 due to monetary default. The loan has become more than 60 days delinquent and is currently due for the february debt service payment. The loan is collateralized by five office buil dings located in the Laurel Corporate Center office park and one office building located at Bishops Gates Corporate Center (Portfolio). As of 12/31/2023, the Portfolio was 85.46% occupied with a NCF DSCR of 2.40x. The Borrower indicated to the Master Serv icer that the Portfolio has a number of leases expiring in the near term. They noted that significant capital will be required to re-let the vacant spaces and given the current dislocation in the office market, there is very In light of the ongoing Loan defaults, Special Servicer has commenced enforcement action against the Borrower by filing a complaint and a motion for appointment of a receiver in NJ Federal court. The Borrower has agreed to consent to the receiver apppointment, in exchange for a 60 day extension request to answer the complaint. The receiver order was enetered into by the judge on 3/25/2025, and Trigild has taken over as court appointed receiver. Receiver iss in the proce ss of

CSAIL 2016-C6
2025-07-01
Asher Roshanzamir
Prospectus ID: 4

Loan transferred to Special Servicing on 3/22/2023 for imminent monetary default. Subject loan is secured by a 75,372 SF free-standing retail building located in Lincolnshire, IL with fee simple ownership interest but encumbered by a development agreement . Sole tenant, Regal Cinemas, filed bankruptcy in September 2022, and the lease was subsequently rejected through the bankruptcy proceedings. Tenant occupied and paid rent on the space through February 2023 and has since vacated. Loan subsequently default ed on monthly payments in April 2023; PNA was executed with the Borrower, and a NOD was issued. Receiver was appointed for the property in August 2023. Foreclosure sale occurred on 2/18/2025, with the Trust being the successful bidder. Deed transfer was completed on 5/22/2025 following delays with the court.

BANK 2018-BNK13
2025-06-27
Regal Cinemas Lincolnshire
Scott D. Greenberg
Prospectus ID: 17

6/11/2025- The asset transferred to Special Servicing effective 5/24/2024 due to imminent monetary default. The Borrower requested a transfer to Special Servicing. The loan is secured by an office property located in Mesa, AZ. The property went into monet ary default after the sole tenant vacated effective September 2024. A receiver has been appointed to manage the property.

JPMCC 2016-JP3
2025-06-26
Marton Grossman
Prospectus ID: 20

6/11/2025- The asset transferred to Special Servicing effective 8/2/2023 due to imminent monetary default. Key was named SS 03/15/2024. The #2 tenant vacated at lease expiration in Dec. 2023. The loan is secured by the leasehold interests in five office p roperties located in Princeton, NJ. A receiver has been appointed to manage the properties.

JPMCC 2016-JP3
2025-06-26
John Zirinsky
Prospectus ID: 12

6/11/2025- Loan transferred to Special Servicing effective 10/29/2024 due to imminent monetary default.

JPMCC 2016-JP3
2025-06-26
CIM Commercial Trust Corporation
Prospectus ID: 5
* 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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