💬 Servicer Commentary
2026-03-30
1140 Avenue Of The Americas
American Realty Capital New York City REIT, Inc.
Prospectus ID: 6
Loan transferred for Imminent Default on 3/24/25. Collateral consists of a first-lien leasehold interest in a 247,183 SF, Class A, 21-story office building built in 19216 and located in Midtown Manhattan in NYC. As of 12/31/25, the Property was 74% occupied with NOI/DSCR: -$3.75MM/-0.90x. A Receiver has been appointed and foreclosure compliant has been filed. Receiver has engaged C&W as leasing agent and they are working to lease up the building.
💬 Servicer Commentary
2025-12-02
Park Pointe
J.K. Properties, Inc.
Prospectus ID: 8
Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses a nd properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties, Inc., and th e Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management ; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 492-unit garden-style multifamily property located Las Vegas, Nevada. The improvements were constructed in 1989 and are situated on a 24.13-acre site. The Receiver has proposed to payoff t he loan in full prior to maturity.
💬 Servicer Commentary
2025-12-02
Suntree
H.K. Realty, Inc.
Prospectus ID: 45
Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties, Inc., and th e Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management ; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 492-unit garden-style multifamily property located Las Vegas, Nevada. The improvements were constructed in 1989 and are situated on a 24.13-acre site. The Receiver has proposed to payoff t he loan in full prior to maturity.
💬 Servicer Commentary
2025-12-02
The Hamptons
J.K. Properties, Inc.
Prospectus ID: 7
Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses a nd properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties, Inc., and th e Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management ; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 492-unit garden-style multifamily property located Las Vegas, Nevada. The improvements were constructed in 1989 and are situated on a 24.13-acre site. The Receiver has proposed to payoff t he loan in full prior to maturity.
💬 Servicer Commentary
2025-12-02
Crosswinds
J.K. Properties, Inc.
Prospectus ID: 54
Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties, Inc., and th e Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management ; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 492-unit garden-style multifamily property located Las Vegas, Nevada. The improvements were constructed in 1989 and are situated on a 24.13-acre site. The Receiver has proposed to payoff t he loan in full prior to maturity.
💬 Servicer Commentary
2025-12-02
Studio Village
J.K. Properties, Inc.
Prospectus ID: 23
Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties, Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management ; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 492-unit garden-style multifamily property located Las Vegas, Nevada. The improvements were constructed in 1989 and are situated on a 24.13-acre site. The Receiver has proposed to payoff t he loan in full prior to maturity.
💬 Servicer Commentary
2025-12-02
Mountain Gate
J.K. Properties, Inc.
Prospectus ID: 55
Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses a nd properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties, Inc., and th e Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management ; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 492-unit garden-style multifamily property located Las Vegas, Nevada. The improvements were constructed in 1989 and are situated on a 24.13-acre site. The Receiver has proposed to payoff t he loan in full prior to maturity.
💬 Servicer Commentary
2025-12-02
Courtyard - Hawthorne
J.K. Properties, Inc.
Prospectus ID: 52
Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses a nd properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties, Inc., and th e Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management ; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 492-unit garden-style multifamily property located Las Vegas, Nevada. The improvements were constructed in 1989 and are situated on a 24.13-acre site. The Receiver has proposed to payoff t he loan in full prior to maturity.
💬 Servicer Commentary
2025-12-02
Rose Terrace - Whittier
H.K. Realty, Inc.
Prospectus ID: 42
Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties, Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management ; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 492-unit garden-style multifamily property located Las Vegas, Nevada. The improvements were constructed in 1989 and are situated on a 24.13-acre site. The Receiver has proposed to payoff t he loan in full prior to maturity.
💬 Servicer Commentary
2025-12-02
Hollywood Pointe - Yucca
H.K. Realty, Inc.
Prospectus ID: 40
Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties, Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management ; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 492-unit garden-style multifamily property located Las Vegas, Nevada. The improvements were constructed in 1989 and are situated on a 24.13-acre site. The Receiver has proposed to payoff t he loan in full prior to maturity.