CSAIL 2018-C14 - Charts and Resources

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 manage the property on 9/21/2023. Receiver has engaged an affiliate to market the property for sale and a call for offers occurred on 11/22/2024. Offers are currently being considered by the receiver as of 2/27/2025.

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 manage the property on 9/21/2023. Receiver has engaged an affiliate to market the property for sale and a call for offers occurred on 11/22/2024. Offers are currently being considered by the receiver as of 2/27/2025.

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 manage the property on 9/21/2023. Receiver has engaged an affiliate to market the property for sale and a call for offers occurred on 11/22/2024. Offers are currently being considered by the receiver as of 2/27/2025.

3.6.2025: Lender continues to negotiate loan assumption terms with prospective investor that will fully repay the UPB. Closing is expected to occur during 2Q 2025. Following Confirmation of the Settlement, a lingering concern existed that needed to be ad dressed, not related to the Settlement, however, the issue was integral to a timely ultimate resolution strategy for the asset and reorganized debtor. Counsel and reorganized debtor have resolved this concern on 1.19.2025. More recently, the reorganized debtor presented lender with a proposed LOI for a loan assumption for review. The subject loan originally for $137.025M Loan (A1 Note of 3 pari passu A notes split across 3 CMBS securitizations and B Note held outside), originated in September-20 18, is secured via lender's 1st lien position in (50) story, 492-key, full-service hotel, flagged under Holiday Inn, located in Manhattan, NY (financial district). Loan exposure transferred to special servicing on 5.7.2020, following the borrower def ault on their May-2020 DS payment. Following rounds of failed workout discussions & the lifting of the NY foreclosure moratorium, foreclosure/receivership actions were initiated, then Borrower filed for Chapter 11 Bankruptcy (BK) protection 11.29.2022. While in BK, Borrower entered into agreement with NYC in January 2023 to operate the hotel as a migrant shelter over the Lender's objection. Borrower later filed a proposed BK plan in