CMBS special servicer

Rialto Capital Advisors

The latest distribution reports of 80 public CMBS trusts name Rialto Capital Advisors as their general special servicer. Those trusts hold $59.6B of loans, 7.9% 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: 133 loans in these trusts meet that rule, and for each cmbs.news names Rialto Capital Advisors.

Special servicing in these trusts

193 loans with a piece in these trusts are with a special servicer in the October 2026 filings. 63 of them moved to special servicing in the 12 months to October 2026, and 21 loans in these trusts went back to the master servicer in that time.

Workout strategy reportedLoansBalance in these trusts
Foreclosure59$1.3B
TBD43$1.0B
Other32$971.9M
REO39$944.6M
Modification5$125.5M
DPO2$73.5M
Full Payoff3$72.1M
None reported3$64.1M
Pending return to master servicer4$57.7M
Extension1$56.0M
Bankruptcy2$32.4M

The loans with a special servicer

The 25 largest of 193. 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
Starwood Hotel Portfolio 22 properties Hotel $265.0M 5.15% Sep 2028 0.93x 63% With the special servicer
Parkmerced San Francisco, CA Multifamily $260.0M 2.725% Dec 2024 0.84x 80% Past maturity and not performing
Lafayette Centre Washington, DC Office $243.0M 4.246% Mar 2027 1.92x 73% With the special servicer
85 Broad Street New York, NY Office $241.0M 3.413% Jun 2027 2.28x 62% With the special servicer
Worldwide Plaza New York, NY Office $235.0M 3.605% Nov 2027 1.49x 62% With the special servicer and 90+ days delinquent
1100 First Street NE and 1 other property Washington, DC Office $211.0M 3.002% Oct 2031 n/a n/a With the special servicer and 30-59 days delinquent
Key Center Cleveland Cleveland, OH Mixed use $182.0M 5.31% Feb 2027 1.84x 89% With the special servicer
First Stamford Place Stamford, CT Office $164.0M 4.088% Jul 2027 1.96x 80% With the special servicer
685 Fifth Avenue Retail New York, NY Retail $160.0M 3.871% Jul 2028 3.13x 100% With the special servicer
Park Square Boston, MA Office $160.0M 4.146% Nov 2027 0.57x 40% With the special servicer and 90+ days delinquent
GSK R&D Centre Rockville, MD Office $138.0M 3.945% Jan 2027 7.84x 100% With the special servicer
20 Times Square New York, NY Mixed use $129.5M 3.108% May 2026 4.15x 100% Past maturity and not performing
1000 Wilshire Los Angeles, CA Office $128.4M 3.377% Mar 2025 2.98x 65% With the special servicer
188 Spear Street San Francisco, CA Office $125.0M 3.57% Jun 2029 3.57x 97% With the special servicer
85 Tenth Avenue New York, NY Office $125.0M 3.821% Dec 2026 1.91x 89% With the special servicer
111 Livingston Street Brooklyn, NY Office $120.0M 4.73% Jan 2027 0.53x 100% With the special servicer
The Essex New York, NY Mixed use $117.0M 2.759% Nov 2026 1.50x 100% With the special servicer
1350 West Middlefield Road and 9 other properties Mountain View, CA Mixed use $109.2M 4.30% Jun 2024 n/a n/a With the special servicer
The Colonnade Office Complex Addison, TX Office $105.0M 4.568% Feb 2024 2.51x 70% Past maturity and not performing
90 Fifth Avenue New York, NY Mixed use $104.5M 4.307% Jul 2027 0.17x 3% With the special servicer and 90+ days delinquent
D.C. Office Portfolio DC Office $103.0M 4.758% Mar 2027 0.97x 61% With the special servicer
Central Tower San Francisco, CA Office $98.0M 4.06% May 2029 1.11x 34% With the special servicer and 90+ days delinquent
1166 Avenue of the Americas New York, NY Office $85.0M 5.279% Feb 2027 -0.25x 36% 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
The Muse and 1 other property Dallas, TX Multifamily $81.6M 7.364% Oct 2033 n/a n/a With the special servicer

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

The 80 trusts that name Rialto Capital Advisors special servicer

Master servicer: Trimont (40)

Master servicer: Midland Loan Services (28)

Master servicer: KeyBank (4)

Master servicer: Wells Fargo Bank (3)

Master servicer not read yet (5)

Servicer names are as each trust's latest Form 10-D distribution report prints them, filed October 22, 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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