CMBS special servicer
3650 REIT Loan Servicing
SEC filings of 18 public CMBS trusts name 3650 REIT Loan Servicing as their general special servicer: the latest distribution reports of 17, and another filing for the one whose report does not settle it. Those trusts hold $13.1B of loans, 5.8% of it with a special servicer.
These are trust-level parties. A loan split across several trusts is serviced under one of their agreements, and some loans have a servicer of their own, so the firm a trust names is not always the servicer of a given loan. cmbs.news names a loan's special servicer only where one note in one trust holds the loan whole and that trust's report names exactly one: 10 loans in these trusts meet that rule, and for each cmbs.news names 3650 REIT Loan Servicing.
Special servicing in these trusts
21 loans with a piece in these trusts are with a special servicer in the October 2026 filings. 12 of them moved to special servicing in the 12 months to October 2026, and 0 loans in these trusts went back to the master servicer in that time.
| Workout strategy reported | Loans | Balance in these trusts |
|---|---|---|
| Other | 12 | $512.7M |
| Foreclosure | 4 | $108.5M |
| Modification | 3 | $102.7M |
| TBD | 2 | $32.6M |
The loans with a special servicer
All 21, largest first.
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 86% | With the special servicer |
| Saint Louis Galleria | Saint Louis, MO | Retail | $228.7M | 4.997% | Nov 2028 | 1.00x | 86% | With the special servicer |
| 4th & Battery and 2 other properties | Seattle, WA | Office | $135.0M | 4.378% | Jun 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | 2.91x | 100% | With the special servicer and 90+ days delinquent |
| Starburst Apartments and 1 other property | Austin, TX | Multifamily | $110.0M | 7.37% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Continental Towers | Rolling Meadows, IL | Office | $84.5M | 4.75% | Sep 2028 | 0.31x | 53% | With the special servicer and 90+ days delinquent |
| 260 & 270 Peachtree Street | Atlanta, GA | Office | $65.2M | 3.799% | Mar 2030 | 1.25x | 63% | With the special servicer and 90+ days delinquent |
| Seven Hills Plaza Property and 13 other properties | Aurora, CO | Mixed use | $57.9M | 3.67% | Mar 2030 | n/a | n/a | With the special servicer |
| 1700 Schuster Road and 4 other properties | Delano, CA | Industrial | $52.6M | 6.81% | Apr 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 500 Charles Ewing Boulevard (Project Olympic - Ewing) | Ewing, NJ | Office | $42.7M | 8.272% | Jul 2028 | 1.57x | 100% | With the special servicer |
| South Carolina Industrial | Union, SC | Industrial | $40.0M | 7.42% | Nov 2034 | n/a | 100% | With the special servicer and 90+ days delinquent |
| Select Garages Parking Portfolio fka Katz Parking Portfolio | New York, NY | Other | $34.0M | 7.91% | Jun 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 4813 Nashville Road and 2 other properties | Bowling Green, KY | Industrial | $33.1M | 6.685% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Elevate at the Pointe | Marietta, GA | Multifamily | $26.5M | 6.20% | Feb 2029 | 1.01x | 90% | With the special servicer |
| Falls of West Oaks | Houston, TX | Multifamily | $18.3M | 3.80% | Jun 2031 | 1.39x | 86% | With the special servicer and 90+ days delinquent |
| Town Point Center | Norfolk, VA | Office | $14.5M | 5.35% | Jan 2029 | 1.00x | 64% | With the special servicer and 90+ days delinquent |
| Jamesbridge Apartments | Memphis, TN | Multifamily | $14.3M | 4.65% | Sep 2029 | 1.51x | 60% | With the special servicer and 90+ days delinquent |
| Alma Products and Velko Hinge Portfolio | Alma, MI | Industrial | $14.3M | 7.543% | Sep 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 30 40 and 60 East 9th Street and 1 other property | New York, NY | Other | $10.0M | 7.91% | Jun 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Eden Apartments | Louisville, KY | Multifamily | $7.6M | 6.625% | Jul 2028 | 1.50x | 90% | With the special servicer and 90+ days delinquent |
| Chicago Heights | Chicago Heights, IL | Industrial | $4.5M | 7.28% | Apr 2028 | n/a | n/a | With the special servicer and 30-59 days delinquent |
Balances in this list are whole loans; the totals above count only these trusts' pieces.
The 18 trusts that name 3650 REIT Loan Servicing special servicer
Master servicer: Midland Loan Services (16)
- BMO 2026-5C16 Mortgage Trust
- BMO 2026-5C15 Mortgage Trust
- BMO 2025-5C9 Mortgage Trust
- BMO 2025-5C13 Mortgage Trust
- BBCMS Mortgage Trust 2025-5C37
- Benchmark 2024-V9 Mortgage Trust
- BBCMS Mortgage Trust 2024-5C25
- Benchmark 2023-V3 Mortgage Trust
- Benchmark 2023-V2 Mortgage Trust
- BBCMS Mortgage Trust 2023-C21
- 3650R 2022-PF2 CMT
- CSAIL 2021-C20 CMT
- 3650R 2021-PF1 CMT
- CSAIL 2020-C19 CMT
- CSAIL 2019-C17 CMT
- CSAIL 2019-C15 CMT
Master servicer: KeyBank (2)
Servicer names are as each trust's latest Form 10-D distribution report prints them, filed October 26, 2026 to November 2, 2026, with a firm's spellings grouped; each trust's page links its report. The special servicer of BMO 2023-5C1 Mortgage Trust is named by another SEC filing, linked on the trust's page. Loan figures are from the trusts' ABS-EE filings for October 2026. Trusts whose servicers cmbs.news does not read yet are not counted here; the servicers page lists them with every firm the trusts name.
Following these trusts?
Pro shows every row of every list, with a CSV. Save the specially serviced loans in these trusts as a screen and get an email, usually the morning after a filing lands, when one of them changes.