CSAIL 2019-C16 - Charts and Resources

The Loan was transferred on 7/10/2023 due to Delinquent Payments as Borrower failed to make the payment due for 5/1/2023. NOD was sent on 8/8/2023. Loan was accelerated on 8/8/2023. Collateral consists of 3 multi-story industrial warehouse buildings totaling 290K SF in Chicago, IL. Local Counsel has been retained to file for foreclosure and/or receivership. Because the Borrower failed to bring the Loan current, Lender filed a foreclosure/receivership complaint on 1/3/24. Lender attended the hearings to appoint a receiver on 9/30/24 and 11/18/24, and completed the testimony. The next hearing was scheduled for 2/5/25 but has been cancelled due to the filing from the Borrower''s counsel to change the judge.

Loan transferred to Special Servicer as SS loan for delinquent payments on 8/23/22. Collateral is a portfolio of (11) retail/office and art gallery properties located in downtown Santa Fe, New Mexico with approximately 100 tenants. 9 of the tenants are sponsor affiliates representing approximately 45% of GLA and 52% of EGI. Loan modification was executed in June 2021 giving Borrower deferral of reserve payments to be paid back over 12 mth period and conditional waiver of DI ($1.94MM). All deferred reserve payments have been paid back. The Lender is moving forward with foreclosure process. Will seek the appointment of Receiver, so getting a proposal for local broker to act as the Receiver.