1,128 deals

Trimont Real Estate Advisors - Special Servicer

Offering a holistic approach to servicing, Trimont delivers expert solutions for managing and enhancing the performance of commercial real estate assets. We are tracking 3 CMBS deals from this servicer's portfolio.

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Recent Deals

GSMS 2018-GS10

CMBS
2018-07-12

Servicer Metrics

Key performance indicators and workout statistics for Trimont Real Estate Advisors.

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
0
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 Trimont Real Estate Advisors, highlighting their approach to managing distressed CMBS assets.

💬 Servicer Commentary

2025-07-31
Portfolio (3 MU properties)
Edmond Li
Prospectus ID: 30
The Loan transferred on 12/17/2020 due to payment default stemming from the COVID-19 pandemic. Lender has performed a books and records inspection and is pursuing a foreclosure strategy. A receivership hearing occurred on 11/22/2022 and the order appointi ng a receiver was entered by court on 1/25/2023. Borrower filed a notice of appeal regarding the receivership order. Special Servicer filed a pre-motion conference request to obtain leave to file for summary judgment. Motion for summary judgment has been filed and fully briefed. On May 25, 2023, lender's motion for summary judgment was granted. Proposed computation of amounts due was fully briefed. Special Servicer awaits the court's adjudication and
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💬 Servicer Commentary

2025-07-31
Westbrook Corporate Center
Raymond Massa
Prospectus ID: 7
The loan transferred to Special Servicing effective 9/10/2024 for imminent non-monetary default. The subject is a 1,156,393 SF suburban office complex comprised of five office buildings located in Westchester, IL, built in 1986 and renovated in 2016. As o f June 2025, the subject is 56.9% leased, down from 64.9% leased in Feb-2025. This is compared to YE 2024 and YE 2023 leased occupancies of 61.8% and 67.1%, respectively. The decrease in occupancy from February is due to the Property's second largest tena nt signing an amendment to reduce their footprint by nearly 65%, while extending the term on their remaining premises by 7.5 years. A site inspection was completed in November 2024 and reported the Property is in good condition with no observed material d eferred maintenance. One of three pari passu loans. The SS is commencing the exercise of remedies to include receivership and foreclosure following a monetary default.
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💬 Servicer Commentary

2025-07-31
Portfolio (2 Office properties)
Michael S. Brown Revocable Trust
Prospectus ID: 60
The Loan transferred to SS on 4/16/25 as the loan is 60+ days delinquent. The collateral consists of 2 non-adjacent medical office buildings totaling 34,386 sf located ~30 miles NW of downtown Miami and ~15 miles west of Fort Lauderdale. Collateral is loc ated within two miles of Westside Regional Medical Center (224 beds) and four miles from Plantation General Hospital (264 beds). 7390 Plantation is a 14,713 SF property, it is currently 91% occupied as of Feb 2025. 7500 Plantation is a 20,112 SF property, it is currently 74% occupied as of Feb 2025. The Borrower does not intend on funding any shortfalls going forward. The Lender will dual track foreclosure proceedings with Borrower discussions. The Property
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💬 Servicer Commentary

2025-07-30
Rodney C. Freeman
Prospectus ID: 28
REO Title Date: 10/4/2022. The Property is comprised of two parcels of land that is approx. 9.13 acres in size. The Property is designed and used for multi-tenant office and retail purposes. One Corporate Plaza consists of a 6-story office building and a two-level parking garage that were constructed in 1984. Two Corporate Plaza consists of an 8-story office building, one-story retail building and one 3-level parking garage that were constructed in 1989. The Property is located in the Clear Lakes market of Houston. Crossed with or Companion Loan: Pari Passu loan in WFCM 2016-C36. Deferred Maintenance: Most deferred maintenance issues have been addressed or are in the process of being completed, including fire panel replacement, partial roof replac ement and elevator modernization. All chillers have been replaced by the Receiver before the REO title date. Common areas updates are almost complete. Leasing Summary: Approx. six lease renewals have been completed with an aggregate of 28, 753 SF. T hree new leases with an aggregate of 22K SF have been completed. Marketing Summary: The property is currently not listed for sale.
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💬 Servicer Commentary

2025-07-30
Rouse Properties LP
Prospectus ID: 7
The collateral property was previously a 329,398 SF enclosed mall constructed in 2006 and located in Jonesboro, AR. The mall collateral was largely destroyed by a tornado on 3/28/2020. The non-collateral anchors (Dillards/JCP/Target) received far les s damage and reopened in 2020. The majority of the mall collateral has been demolished after being condemned. The borrower has been cooperative in turning over information and access but is not willing to rebuild the property and carry the loan. A settlement was agreed under which the Trust took title to the property on 12/14/2022 and received substantial insurance proceeds. The special servicer completed the required site work per agreements with non-collateral anchors. Ultimate resoluti on via an REO sale is expected to occur in Q3 2025.
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💬 Servicer Commentary

2025-07-29
2260 University Drive
Sanjay Patil
Prospectus ID: 23
"7/10/2025 - The Loan was transferred to the Special Servicer on 2/12/2024 for collateral risk/non-monetary default due to an unauthorized transfer of ownership of the Property without Lender's consent, in addition to Borrower's non-compliance with the cash management and financial reporting provisions of the Loan Documents. The collateral consists of a two-story, 24.7K SF office property in Newport Beach, CA. The Property was most recently leased to the Excelera DCE, for $32/SF with a 3/25 LXP and three, 3 yr renewal options. The Lease was entered into without Lender's consent. The Property is currently vacant as of March 2025. The Loan is current on payments. The Property is currently listed for sale. The Lender is dual tracking foreclosure acti on while continuing discussions with the Borrower until a resolution is reached."
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💬 Servicer Commentary

2025-07-29
Walgreens Williamson
Kunal Soni
Prospectus ID: 41
7/10/2025 - The Loan was transferred to the Special Servicer on 4/11/2025 for Delinquent Payments. The Loan is currently due for 2/2025. The collateral consists of a free standing, single-tenant building 100% occupied by Walgreens located in Willia mson, NY. The improvements were built in 2003, renovated in 2012, and consist of 14,690 SF situated on a 2.36-acre parcel with 88 parking spaces (5.99/1,000 SF). As of the YE’24 financials, the Property reported an NOI/DSCR of $142K/1.67x. Lender will con tinue workout discussions with the Borrower while dual tracking legal remedies.
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💬 Servicer Commentary

2025-07-28
156-168 Bleecker
RWN Capital Holdings LLC
Prospectus ID: 17
REO Title Date: February 21, 2025. Description of Collateral: The subject property is a retail condominium unit located at 156-168 Bleecker Street in New York, New York. More specially, the property is located on the southern blockfront of Bleeker Stree t between Sullivan Street and Thompson Street, within the Greenwich Village neighborhood of Manhattan. The subject commercial unit consists of 27,541 SF of net rentable area, with 14,706 SF of ground floor level space and 12,835 square feet of selling bas ement space. It is currently configured as seven retail units and one residential unit (a fair market 2-bedroom apartment). Currently three of the retail units are occupied while the remaining four units are vacant. The residential unit is vacant and cann ot be occupied without being renovated. Current occupancy is 80.1%. Crossed with or is a Companion Loan to: N/A. Deferred Maintenance/Repair Issues: Generally in Good condition. Leasing Summary: Recently finalized a renewal with CVS. Evaluating LOI for end-cap. Colliers has been appointed as PM/easing agent. Marketing Summary: Asset is not currently listed for sale.
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💬 Servicer Commentary

2025-07-28
Portfolio (65 Hotel properties)
SCG Hotel Investors Holdings L.P.
Prospectus ID: 27
Loan transferred to Special Servicing effective 2/24/25 due to imminent default. Hello Letter was noticed and PNA has been executed. Collateral consists of a 65 mixed service hotels, totaling 6,366 keys. Loan is paid through 6/1/2025. Servicer is actively negotiating modification terms with Borrower. Appraisal has been received and is under review.
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💬 Servicer Commentary

2025-07-28
Prospectus ID: 5A
Subject is a $940,000,000 note that is secured by a senior lien against a 47-story, 1,596,521 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Note is due for the July 6, 2025, payment and matures on November 6, 2027. Collateral also includes 252,107 square feet of amenity space (restaurant and retail tenants). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024, and the tenant vacated the collateral at said time. The Borrower does not have a replacement tenant. The loss of this tenant causes operating shortfalls for the September 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024, due to imminent default. Nomura, a cur rent tenant, has an early termination option date on July 1, 2025. Legal counsel has been engaged and a PNA agreement has been executed with the Borrower. Default notices were sent to the mezzanine lenders, and they have not responded within the required3 0-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expenses and debt service waterfall through the senior secured debt. Borrower is in negotiations with Nomura for the extension of their lease. Nomura is also working with a landlord at a second location. Borrower has started negotiations for the restructuring of the note with the Special Servicer to allow new
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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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