WFCM 2016-NXS6 - Charts and Resources

The loan transferred to Special Servicing effective 3/27/2024 for imminent monetary default. The subject is the leasehold of a 167,843 SF office property located in Northbrook, IL. The property is 100% leased to a single tenant with a lease expirat io n that co-insides with the loan maturity date. Most recent inspection in April 2025 reported the property to be in good overall condition. Borrower is in discussions with the single tenant to renew their lease. Strategy is to modify the

Loan transferred to Special Servicing effective 12/19/2023 for imminent monetary default. The subject is a 49,300 SF office property located in Louisville, KY built in 1908 and renovated in 1992. The property is currently 0% occupied as the single tenant government agency who leased the entire building vacated year end 2023 at lease expiration. Most recent inspection reported the property to be in average to fair condition. Receiver appointed in July 2024. Strategy is to foreclose and

The loan transferred to special servicing effective 5/15/2020 for imminent monetary default. The collateral comprises an 86-room boutique hotel along a commercial unit (leased restaurant), and a leased 64-space parking garage. The inspection performed on 3/15/2024 found the property to be in overall good condition. A receiver was appointed to the property on 3/7/2022. The Receiver continues to negotiate a new parking lease with the current tenant and is close to putting an agreement in place. The June 202 4 TTM STR data shows 79.3% Occ (94.9 index), $234.53 ADR (101.2 index), for a RevPAR of $186.09 (96.1 index). On 4/9/2024 the court grated the Lender's Motion for Summary Judgement of Foreclosure. The lender is working to provide total amounts due to the court referee. The Receiver is in process of seeking court approval of the payment of their commission from property cash flow. A Note Sale resolution path remains under review.