💬 Servicer Commentary
2026-05-27
Riverfront Plaza
William Z. Hertz
Prospectus ID: 4
Loan transferred to SS on 1/24/24 due to failure to comply with Excess Cash requirements. Collateral is comprised of 2, adjacent, Class A, 21-story office towers totaling 950K SF in Richmond, VA. Occupany is 78% as of 6/30/25. Cash management is in place and cash flow sweep is active. Special Servicer has engaged legal counsel; however, PNA has not been executed. Largest tenant had a lease expiration of 6/30/25 has exercised its 5 year renewal option to 6/30/30 and the lease renewal has been executed. Second largest tenant, which had been dark since 2022, vacated the property upon lease expiration on 8/31/25, dropping the occupancy to 63%. Receiver was appointed on 8/26/25 and has been focused on addressing capex and leasing at the pro perty. Special Servicer continues to review Lender's rights and remedies as well as disposition options, including but not limited to, sale out of receivership.
💬 Servicer Commentary
2026-05-27
Queens Place
Madison NYC Core Retail Partners, LLC
Prospectus ID: 5
Loan transferred to SS for imminent default on 8/19/2025 due to cash flow issues and delinquent payments. Property is a five-story, 445,954 SF retail complex in Elmhurst, NY. Collateral includes 3,414 SF freestanding Citibank branch, 217,539 SF spanning lower level through 3rd floor, and a 49.26% interest in common areas. Includes six-story, 1,450-space helical parking garage. Renovated in 2001 with two additional floors separately owned and fully occupied by Target. In 4/25, Borrower advised Lender they would no longer fund shortfalls or support the asset. Borrower ceased funding in 5/25. Receiver was appointed 3/10/26 and has taken control of the property. Lender continues to pursue foreclosure.
💬 Servicer Commentary
2026-02-26
Prospectus ID: 4C
Loan transferred to SS on 1/24/24 due to failure to comply with Excess Cash requirements. Collateral is comprised of 2, adjacent, Class A, 21-story office towers totaling 950K SF in Richmond, VA. Occupany is 78% as of 6/30/25. Cash management is in place and cash flow sweep is active. Special Servicer has engaged legal counsel; however, PNA has not been executed. Largest tenant had a lease expiration of 6/30/25 has exercised its 5 year renewal option to 6/30/30 and the lease renewal has been executed. Second largest tenant, which had been dark since 2022, vacated the property upon lease expiration on 8/31/25, dropping the occupancy to 63%. Receiver was appointed on 8/26/25 and has been focused
💬 Servicer Commentary
2026-02-26
Prospectus ID: 4A
Loan transferred to SS on 1/24/24 due to failure to comply with Excess Cash requirements. Collateral is comprised of 2, adjacent, Class A, 21-story office towers totaling 950K SF in Richmond, VA. Occupany is 78% as of 6/30/25. Cash management is in place and cash flow sweep is active. Special Servicer has engaged legal counsel; however, PNA has not been executed. Largest tenant had a lease expiration of 6/30/25 has exercised its 5 year renewal option to 6/30/30 and the lease renewal has been executed. Second largest tenant, which had been dark since 2022, vacated the property upon lease expiration on 8/31/25, dropping the occupancy to 63%. Receiver was appointed on 8/26/25 and has been focused on addressing capex and leasing at the property. Special Servicer continues to review Lender's rights and remedies.
💬 Servicer Commentary
2026-02-26
Prospectus ID: 4B
Loan transferred to SS on 1/24/24 due to failure to comply with Excess Cash requirements. Collateral is comprised of 2, adjacent, Class A, 21-story office towers totaling 950K SF in Richmond, VA. Occupany is 78% as of 6/30/25. Cash management is in place and cash flow sweep is active. Special Servicer has engaged legal counsel; however, PNA has not been executed. Largest tenant had a lease expiration of 6/30/25 has exercised its 5 year renewal option to 6/30/30 and the lease renewal has been executed. Second largest tenant, which had been dark since 2022, vacated the property upon lease expiration on 8/31/25, dropping the occupancy to 63%. Receiver was appointed on 8/26/25 and has been focused on addressing capex and leasing at the property. Special Servicer continues to review Lender's rights and remedies.