CMBS master and special servicer

Midland Loan Services

The latest distribution reports of 27 public CMBS trusts name Midland Loan Services as their general special servicer. Those trusts hold $16.9B of loans, 9.5% of it with a special servicer. 158 trusts name it master servicer, for $119.0B of loans, 4.5% of it delinquent and 7.0% 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: 36 loans in these trusts meet that rule, and for each cmbs.news names Midland Loan Services.

Special servicing in these trusts

61 loans with a piece in these trusts are with a special servicer in the October 2026 filings. 26 of them moved to special servicing in the 12 months to October 2026, and 7 loans in these trusts went back to the master servicer in that time.

Workout strategy reportedLoansBalance in these trusts
TBD15$401.5M
Foreclosure16$366.7M
Modification7$288.3M
Other11$270.1M
REO5$161.2M
Full Payoff2$29.0M
Note sale1$25.0M
Pending return to master servicer2$21.9M
Bankruptcy1$18.2M
DPO1$17.2M

The loans with a special servicer

The 25 largest of 61. Open this list in the screener to sort and narrow it. The free screener shows the first 25 rows of a report; Pro shows every row, with a CSV.

Property Location Type Balance Rate Matures DSCR Occ. Status
Parkmerced San Francisco, CA Multifamily $260.0M 2.725% Dec 2024 0.84x 80% Past maturity and not performing
85 Broad Street New York, NY Office $241.0M 3.413% Jun 2027 2.28x 62% With the special servicer
Saint Louis Galleria Saint Louis, MO Retail $228.7M 4.997% Nov 2028 1.00x 86% With the special servicer
Fresno Fashion Fair Mall Fresno, CA Retail $225.0M 3.587% Nov 2026 2.16x 94% With the special servicer
Key Center Cleveland Cleveland, OH Mixed use $182.0M 5.31% Feb 2027 1.84x 89% With the special servicer
U.S. Steel Tower Pittsburgh, PA Office $160.0M 3.683% Jun 2026 2.51x 73% Past maturity and not performing
681 Fifth Avenue New York, NY Mixed use $135.0M 4.127% Nov 2026 0.16x 66% With the special servicer and 90+ days delinquent
16 Court Street Brooklyn, NY Office $111.0M 4.171% Nov 2027 0.94x 48% With the special servicer and 90+ days delinquent
The Colonnade Office Complex Addison, TX Office $105.0M 4.568% Feb 2024 2.51x 70% Past maturity and not performing
D.C. Office Portfolio DC Office $103.0M 4.758% Mar 2027 0.97x 61% With the special servicer
Larkspur Landing Sunnyvale and 64 other properties Sunnyvale, CA Hotel $100.4M 4.486% Jun 2027 n/a n/a With the special servicer
Tryad Industrial & Business Center Rochester, NY Industrial $96.9M 5.021% Jan 2028 -0.03x 53% With the special servicer and 90+ days delinquent
181 West Madison Street Chicago, IL Office $84.4M 3.90% Dec 2026 1.63x 86% With the special servicer
JW Marriott Chicago Chicago, IL Hotel $79.3M 4.044% Aug 2022 1.32x 71% Past maturity and not performing
315-325 W 36th Street New York, NY Office $77.0M 4.505% Mar 2028 -0.74x 2% With the special servicer and 90+ days delinquent
Hilton Cincinnati Netherland Plaza Cincinnati, OH Hotel $69.4M 5.35% Nov 2024 -0.30x n/a Past maturity and not performing
29903 Agoura Property and 4 other properties Agoura, CA Office $67.2M 4.193% Feb 2030 n/a n/a With the special servicer and 90+ days delinquent
Ellsworth Place Silver City, MD Retail $64.5M 5.01% Aug 2028 1.31x 91% With the special servicer and 90+ days delinquent
DUMBO Heights Portfolio NY Office $63.8M 4.05% Sep 2026 2.95x 75% Past maturity and not performing
200 Park Avenue and 3 other properties Florham Park, NJ Office $62.5M 5.082% Feb 2028 n/a n/a With the special servicer
Dominion Tower Norfolk, VA Office $57.2M 5.29% Jan 2029 1.34x 66% With the special servicer
12655 West Jefferson Blvd and 1 other property Playa Vista, CA Office $54.0M 3.925% Oct 2029 n/a n/a With the special servicer
2U Headquarters Lanham, MD Office $50.6M 4.45% Nov 2027 -0.44x n/a With the special servicer and 90+ days delinquent
Greenleaf at Howell Howell, NJ Retail $44.4M 5.10% May 2029 0.75x 75% With the special servicer
Hilton Garden Inn Nashville Smyrna and 3 other properties Smyrna, TN Hotel $42.6M 5.00% Aug 2028 n/a n/a With the special servicer

Balances in this list are whole loans; the totals above count only these trusts' pieces.

Payment status in the trusts it master services

Status in the October 2026 filingsLoansBalance in these trusts
Current4,325$109.9B
In grace period or not yet due22$806.8M
Late, under 30 days88$2.5B
30 to 59 days delinquent29$474.2M
60 to 89 days delinquent19$345.3M
90 or more days delinquent133$3.7B
Past maturity, still paying7$335.8M
Past maturity, not paying26$881.6M

Fully defeased loans are left out. A loan split across trusts counts once, at these trusts' pieces of it.

Delinquent, not yet with a special servicer

The 15 largest of 24. Each trust's page lists every loan it holds, and a CSV of any trust's loans comes with Pro.

Property Location Type Balance Rate Matures DSCR Occ. Status
The Hollywood Collection Los Angeles, CA Retail $49.7M 6.68% Jul 2035 1.31x 68% Delinquent
88 North 1st Street Brooklyn, NY Multifamily $43.2M 6.31% Oct 2029 1.19x 100% Delinquent
Courtyard By Marriott San Antonio Riverwalk San Antonio, TX Hotel $27.8M 5.35% Jan 2029 2.23x 63% Delinquent
65 4th Avenue Brooklyn, NY Multifamily $21.0M 6.468% Oct 2029 1.26x 100% Delinquent
Sawmill Plaza Columbus, OH Retail $18.4M 5.63% May 2032 1.72x 96% Delinquent
5800 Uplander Culver City, CA Office $14.6M 3.938% Jul 2031 2.57x 100% Delinquent
245 North 8th Street and 1 other property Brookyln, NY Multifamily $11.7M 3.89% Sep 2030 n/a n/a Delinquent
The Hanna Building Portland, OR Office $10.8M 6.722% Jun 2031 n/a n/a Delinquent
The Bedford Apts Jersey City, NJ Multifamily $10.8M 5.95% Apr 2030 0.90x 93% Delinquent
Mission Promenade Pomona, CA Mixed use $10.4M 3.921% Jun 2031 1.81x 69% Delinquent
At&t Chicago Chicago, IL Office $10.2M 3.665% Jan 2032 3.52x 100% Delinquent
La Quinta Houston Columbus and 1 other property Columbus, TX Hotel $8.6M 5.20% Mar 2029 n/a n/a Delinquent
Bloomfield Gardens Apartments Rome, NY Multifamily $8.0M 6.82% Sep 2035 n/a n/a Delinquent
Urbane 424 Burlington, IA Multifamily $7.6M 6.48% Dec 2030 1.04x 96% Delinquent
475 Grand Street Brooklyn, NY Multifamily $6.7M 4.09% Apr 2031 2.00x 100% Delinquent

The 27 trusts that name Midland Loan Services special servicer

Master servicer: Midland Loan Services (16)

Master servicer: Trimont (10)

Master servicer: Wells Fargo Bank (1)

The 158 trusts that name Midland Loan Services master servicer

Special servicer: LNR Partners (28)

Special servicer: Rialto Capital Advisors (28)

Special servicer: K-Star Asset Management (26)

Special servicer: Argentic Services Company (17)

Special servicer: Midland Loan Services (16)

Special servicer: CWCapital Asset Management (12)

Special servicer: KeyBank (5)

Special servicer: C-IV Asset Management (3)

Special servicer: Torchlight Loan Services (2)

Special servicer: MF1 Loan Services (1)

Special servicer: Situs Holdings (1)

Special servicer not read yet (19)

Servicer names are as each trust's latest Form 10-D distribution report prints them, filed October 21, 2026 to November 2, 2026, with a firm's spellings grouped; each trust's page links its report. 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.

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