CSAIL 2018-C14 - Charts and Resources

5.2.2025: Draft loan docs for the loan assumption/subsequent asset sale executions have been generated and comments are being circulated between parties. Loan and organizational docs are starting to flow through as well. To date Lender has received:execut ed loan assumption term sheet, executed Amendment to the HMA, draft PSA, ground lease copy, updated assumptor org chart, org chart for proposed guarantor and A & R LLC Agreement. The court appointed Wind Down Officer continues position the asset for sale, pursuant to the 2nd Amended Plan approved by the court. To that end, parties executed the lender's loan assumption term sheet and parties now have shifted focus to executing the subject PSA, representing the 2nd step of this 2-step resolution strategy (a ssumption and sale). The PSA will allow for full repayment of the outstanding UPB. Closing is expected to occur during 2Q 2025. 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-2018, 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 default on their May-2020 DS payment.

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

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