Delinquency and special servicing

535 loans with $17.5B outstanding are with a special servicer, 6.2% of the balance in public CMBS trusts. 4.3% of the balance is 30 or more days delinquent or past maturity and not paying. These figures are from the servicer reports for 2026-10.

By property type

TypeSpecial servicingDelinquent
Office11.7%7.8%
Retail2.5%1.5%
Multifamily7.6%7.5%
Hotel5.0%2.8%
Mixed use5.6%2.9%
Industrial2.6%2.4%
Self storage0.1%0.1%
Other4.6%2.8%
Manufactured housing0.7%0.9%
Healthcare0.0%0.0%

By origination year

OriginatedBalanceSpecial servicing
2016$6.5B24.4%
2017$31.1B11.5%
2018$29.6B13.8%
2019$43.4B7.2%
2020$18.1B3.2%
2021$28.4B5.9%
2022$17.2B3.0%
2023$17.4B6.0%
2024$33.9B2.2%
2025$33.1B1.1%
2026$18.2B0.2%

Metros with the highest special-servicing share

What special servicers say they are doing

Each servicer report names a workout strategy for a specially serviced loan. Across the loans with a special servicer now:

Workout strategyLoansBalance
Foreclosure162$4.9B
Other111$4.5B
TBD89$3.0B
REO80$2.4B
Modification23$968.3M
DPO9$396.2M
Note sale5$344.1M
Full Payoff26$258.1M
Bankruptcy13$239.6M
Pending return to master servicer10$203.7M
Deed-in-lieu of Foreclosure3$71.8M
Resolved1$63.8M
None reported3$20.0M

Loans with the special servicer

The 100 largest of 535. Each property type and metro page lists its own.

Property Location Type Balance Rate Matures DSCR Occ. Status
One SoHo Square New York, NY Office $469.0M 2.725% Aug 2028 1.78x 85% With the special servicer
Starwood Hotel Portfolio 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 n/a n/a Past maturity and not performing
Lafayette Centre Washington, DC Office $243.0M 4.246% Mar 2027 n/a n/a With the special servicer
85 Broad Street New York, NY Office $241.0M 3.693% 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
Saint Louis Galleria Saint Louis, MO Retail $229.0M 4.997% Nov 2028 n/a n/a With the special servicer
Fresno Fashion Fair Mall Fresno, CA Retail $225.0M 3.587% Nov 2026 2.16x 96% With the special servicer and 30-59 days delinquent
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
U.S. Steel Tower Pittsburgh, PA Office $160.0M 3.683% Jun 2026 n/a n/a Past maturity and not performing
Key Center Cleveland Cleveland, OH Mixed use $157.3M 5.31% Feb 2027 1.84x 89% With the special servicer
1100 First Street NE Washington, DC Office $146.0M 3.002% Oct 2031 n/a n/a With the special servicer and 30-59 days delinquent
225 Bush Street San Francisco, CA Office $138.6M 3.303% Nov 2024 n/a n/a Past maturity and not performing
GSK R&D Centre Rockville, MD Office $138.0M 3.945% Jan 2027 7.84x 100% With the special servicer
Aon Center Chicago, IL Office $136.0M 4.627% Jul 2026 4.11x 66% Past maturity and not performing
4th & Battery Seattle, WA Office $135.0M 4.378% Jun 2029 n/a n/a With the special servicer and 90+ days delinquent
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
2 Washington Street New York, NY Multifamily $131.5M 3.45% Aug 2031 n/a n/a With the special servicer and 90+ days delinquent
90 Hudson Jersey City, NJ Office $130.0M 4.14% Nov 2027 0.31x 38% With the special servicer and 90+ days delinquent
Riverfront Plaza Richmond, VA Office $129.2M 5.066% May 2028 n/a n/a With the special servicer and 90+ days delinquent
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
250 Livingston Street Brooklyn, NY Office $125.0M 3.63% Jun 2029 n/a n/a With the special servicer and 90+ days delinquent
111 Livingston Street Brooklyn, NY Office $120.0M 4.73% Jan 2027 n/a n/a With the special servicer
Riverway Rosemont, IL Office $114.6M 4.96% Dec 2026 n/a n/a With the special servicer and 90+ days delinquent
16 Court Street Brooklyn, NY Office $111.0M 4.171% Nov 2027 1.25x 70% With the special servicer and 90+ days delinquent
Starburst Apartments Austin, TX Multifamily $110.0M 7.37% May 2028 n/a n/a With the special servicer and 90+ days delinquent
1350 West Middlefield Road 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 n/a n/a 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
8 Times Square & 1460 Broadway New York, NY Mixed use $100.0M 4.05% Nov 2026 2.01x 100% With the special servicer
85 Tenth Avenue New York, NY Mixed use $100.0M 3.821% Dec 2026 1.91x 89% With the special servicer
1384 Broadway New York, NY Office $88.0M 4.84% Jan 2027 0.97x 78% With the special servicer
North Point Tower Cleveland Hts, OH Office $86.4M 3.30% Sep 2024 n/a n/a With the special servicer
Westbrook Corporate Center Westchester, IL Office $86.4M 4.86% Jun 2028 1.30x 68% 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
181 West Madison Street Chicago, IL Office $84.4M 3.90% Dec 2026 n/a n/a With the special servicer
The Muse Dallas, TX Multifamily $81.6M 7.364% Oct 2033 n/a n/a With the special servicer
6625 78th Street West Bloomington, MN Office $80.0M 5.372% Jul 2025 1.39x 72% Past maturity and not performing
Central Park of Lisle Lisle, IL Office $79.5M 4.354% Jan 2023 2.65x 58% Past maturity and not performing
Colonnade Corporate Center Birmingham, AL Office $79.5M 4.55% Jul 2031 n/a n/a With the special servicer and 90+ days delinquent
JW Marriott Chicago Chicago, IL Hotel $79.3M 4.044% Aug 2022 1.32x 71% With the special servicer
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
599 Broadway New York, NY Retail $75.0M 4.118% Feb 2028 2.31x 100% With the special servicer and 90+ days delinquent
Bravern Office Commons Bellevue, WA Office $75.0M 3.203% Jan 2027 3.54x 100% With the special servicer and 90+ days delinquent
214-224 West 29th Street New York, NY Office $74.0M 4.233% Jul 2029 -0.92x 5% With the special servicer and 90+ days delinquent
Tryad Industrial & Business Center Rochester, NY Industrial $73.3M 5.021% Jan 2028 -0.03x 53% With the special servicer and 90+ days delinquent
Regions Tower Indianapolis, IN Office $73.0M 4.897% Oct 2023 n/a n/a Past maturity and not performing
55 Prospect Street, Brooklyn (2026 maturity) Brooklyn, NY Office $72.9M 4.05% Sep 2026 n/a n/a With the special servicer
Meridian Corporate Center NC Office $71.8M 4.575% Apr 2028 1.37x 67% With the special servicer
Braddock Metro Center Alexandria, VA Office $71.6M 4.57% Feb 2028 1.01x 81% With the special servicer and 90+ days delinquent
Hilton Cincinnati Netherland Plaza Cincinnati, OH Hotel $69.4M 5.35% Nov 2024 n/a n/a Past maturity and not performing
26 Broadway New York, NY Office $67.8M 4.91% Feb 2032 n/a n/a With the special servicer and 60-89 days delinquent
29903 Agoura Property Agoura, CA Office $67.2M 4.193% Feb 2030 n/a n/a With the special servicer and 90+ days delinquent
260 & 270 Peachtree Street Atlanta, GA Office $65.2M 3.80% Mar 2030 n/a n/a With the special servicer and 90+ days delinquent
13785 Research Boulevard Austin, TX Office $65.0M 5.215% Mar 2028 n/a n/a With the special servicer and 90+ days delinquent
Unizo Four for 1100 First Street Washington, DC Office $65.0M 3.002% Oct 2031 n/a n/a With the special servicer and 90+ days delinquent
20 Times Square, New York (2026 maturity), loan 1 in CSAIL 2018-CX12 Commercial Mortgage Trust New York, NY Other $64.7M 3.108% May 2026 4.15x n/a With the special servicer
20 Times Square, New York (2026 maturity), loan 1 in UBS Commercial Mortgage Trust 2018-C11 New York, NY Mixed use $64.7M 3.108% May 2026 n/a n/a With the special servicer
Ellsworth Place Silver Spring, 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
Central Tower San Francisco, CA Office $63.7M 4.06% May 2029 1.11x 34% With the special servicer and 90+ days delinquent
Falls Houston Multifamily Portfolio Houston, TX Multifamily $63.3M 6.944% Jul 2029 1.38x 89% With the special servicer and 90+ days delinquent
200 Park Avenue Florham Park, NJ Office $62.5M 5.082% Feb 2028 n/a n/a With the special servicer
Travelodge - 2307 Wyoming Avenue Gillette, WY Other $61.6M 4.85% Dec 2029 n/a n/a With the special servicer and 90+ days delinquent
55 Hawthorne San Francisco, CA Office $61.5M 4.123% Jan 2027 -0.77x 24% With the special servicer and 90+ days delinquent
Estates at Palm Bay Fort Walton Beach, FL Multifamily $60.7M 6.55% Sep 2029 1.24x 92% With the special servicer and 90+ days delinquent
Bank of America Center, Richmond Richmond, VA Office $60.5M 5.03% Jul 2028 1.77x 79% With the special servicer
Industry RiNo Station Denver, CO Office $60.0M 5.205% Apr 2032 0.50x 50% With the special servicer and 90+ days delinquent
Saks Fulfillment Center Wilkes Barre, PA Industrial $60.0M 6.17% Aug 2032 1.79x 100% With the special servicer and 90+ days delinquent
Writer Square Denver, CO Mixed use $59.6M 5.099% Jan 2027 0.23x 36% With the special servicer
Seven Hills Plaza Property Aurora, CO Mixed use $57.9M 3.67% Mar 2030 n/a n/a With the special servicer
Dominion Tower Norfolk, VA Office $57.2M 5.29% Jan 2029 1.49x 65% With the special servicer
The Elston Retail Collection Chicago, IL Retail $57.1M 3.65% Nov 2029 1.40x 100% With the special servicer
1000 Denny Way Seattle, WA Office $56.0M 5.107% Feb 2027 1.69x 57% With the special servicer
Brass Professional Center San Antonio, TX Office $56.0M 4.75% Aug 2030 0.78x 48% With the special servicer and 90+ days delinquent
57 East 11th Street New York, NY Office $55.0M 4.83% May 2029 -0.38x n/a With the special servicer and 60-89 days delinquent
2 Executive Fort Lee, NJ Mixed use $54.5M 6.219% Apr 2033 n/a 93% With the special servicer and 90+ days delinquent
1140 Avenue of the Americas New York, NY Office $54.0M 4.109% Jul 2026 -0.90x 74% Past maturity and not performing
12655 West Jefferson Blvd Playa Vista, CA Office $54.0M 3.925% Oct 2029 n/a n/a With the special servicer
Rockridge Apartments Houston, TX Multifamily $54.0M 8.00% Nov 2028 0.44x 25% With the special servicer and 90+ days delinquent
The Riley Richardson, TX Multifamily $53.8M 7.13% May 2034 1.02x 84% With the special servicer and 30-59 days delinquent
Pin Oak North Medical Office Bellaire, TX Office $53.6M 4.647% Feb 2028 0.85x 66% With the special servicer and 90+ days delinquent
445 South Street Morristown, NJ Office $53.6M 4.15% Jul 2029 0.46x 44% With the special servicer and 90+ days delinquent
Time Square Office Renton Renton, WA Office $53.5M 5.002% Oct 2028 0.39x 46% With the special servicer and 90+ days delinquent
Euclid Apartments Euclid, OH Multifamily $53.0M 7.06% Feb 2029 n/a n/a With the special servicer and 90+ days delinquent
110 Allen Road Basking Ridge, NJ Office $51.7M 3.65% Sep 2031 n/a n/a With the special servicer and 90+ days delinquent
Park Place East Minneapolis, MN Office $51.0M 4.62% Feb 2028 n/a n/a With the special servicer and 90+ days delinquent
Ebay North First Commons San Jose, CA Office $51.0M 2.638% Mar 2026 2.48x 100% Past maturity and not performing
2U Headquarters Lanham, MD Office $50.6M 4.45% Nov 2027 -0.44x n/a With the special servicer and 90+ days delinquent
625 North Michigan Avenue Chicago, IL Office $50.6M 4.63% Mar 2026 1.33x 64% Past maturity and not performing
Providence at Heights & Legacy at Westchase Houston, TX Multifamily $50.5M 6.36% Jun 2030 1.18x 93% With the special servicer
Gateway I & II New York, NY Mixed use $50.1M 4.69% Feb 2027 0.93x 96% With the special servicer and 90+ days delinquent
Wyndham National Hotel Portfolio Hotel $50.1M 4.85% Dec 2029 1.11x 52% With the special servicer and 90+ days delinquent
NYC REIT Mixed Use Portfolio NY Other $50.0M 4.516% May 2028 0.23x 76% With the special servicer
The Cove at Tiburon Tiburon, CA Multifamily $50.0M 3.75% Oct 2026 1.21x 87% With the special servicer

Delinquent, still with the master servicer

The 50 largest of 51. A loan here has missed payments but has not yet been transferred.

Property Location Type Balance Rate Matures DSCR Occ. Status
Waterford Grove Apartments Houston, TX Multifamily $60.0M 6.567% Mar 2030 0.88x 71% Delinquent
88 North 1st Street Brooklyn, NY Multifamily $43.2M 6.31% Oct 2029 1.26x 100% Delinquent
4041 Central Phoenix, AZ Office $36.7M 3.66% Oct 2029 1.90x 71% Delinquent
Park Parthenia Northridge, CA Multifamily $32.5M 7.39% Jun 2029 n/a n/a Delinquent
401 & 395 North Executive Drive Brookfield, WI Office $27.0M 3.89% Aug 2029 n/a n/a Delinquent
McCullough Commons Charlotte, NC Retail $26.9M 3.63% Sep 2026 2.40x 95% Past maturity and not performing
Townhomes with a View Clackamas, OR Multifamily $24.3M 4.40% Jul 2029 1.07x 90% Delinquent
Doubletree Fort Worth Fort Worth, TX Hotel $23.6M 8.345% Jan 2035 1.82x 59% Delinquent
65 4th Avenue Brooklyn, NY Multifamily $21.0M 6.468% Oct 2029 1.26x 100% Delinquent
Younique HQ Building Lehi, UT Office $18.8M 4.48% Jul 2027 2.00x 100% Delinquent
Osprey Cove North Jacksonville, NC Multifamily $16.6M 6.33% Feb 2031 n/a n/a Delinquent
The Pointe NYC Rego Park, NY Multifamily $16.0M 4.384% Jan 2030 1.11x 96% Delinquent
Sawmill Apartments Indianapolis, IN Multifamily $15.5M 6.10% Dec 2029 1.07x 81% Delinquent
Hollywood Station Portland, OR Retail $14.7M 4.46% May 2029 n/a n/a Delinquent
2315 N Front St Philadelphia, PA Multifamily $13.8M 6.396% Sep 2029 n/a n/a Delinquent
1-3 West 125th Street New York, NY Retail $13.8M 6.999% Nov 2029 1.44x 100% Delinquent
Capitol Hill Apartment Portfolio WA Multifamily $12.8M 4.171% Sep 2026 1.09x 96% Past maturity and not performing
836 Dekalb Avenue Brooklyn, NY Multifamily $12.5M 3.70% Oct 2029 2.66x 100% Delinquent
105-107 Vanderveer Street & 96 De Sales Place Brooklyn, NY Multifamily $12.2M 3.70% Oct 2029 2.67x 96% Delinquent
Rio Springs Apartments San Antonio, TX Multifamily $12.2M 6.69% Dec 2029 1.56x 89% Delinquent
245 North 8th Street Brookyln, NY Multifamily $11.7M 3.89% Sep 2030 n/a n/a Delinquent
2219 N Hamilton Avenue Chicago, IL Multifamily $11.0M 6.75% Aug 2028 0.72x 91% Delinquent
The Bedford Apts Jersey City, NJ Multifamily $10.8M 5.95% Apr 2030 0.90x 93% Delinquent
Doubletree Rocky Mount Rocky Mount, NC Hotel $10.7M 5.20% Jun 2028 1.59x 64% Delinquent
Southside Terrace Apartments New Paltz, NY Multifamily $9.5M 7.066% May 2035 2.31x 91% Delinquent
La Quinta Houston Columbus Columbus, TX Hotel $8.6M 5.20% Mar 2029 n/a n/a Delinquent
James Creek and Foxfire Student Housing OK Multifamily $8.5M 3.96% Sep 2026 1.76x 97% Past maturity and not performing
The Annie Cedar City, UT Multifamily $8.5M 6.575% Jul 2030 n/a n/a Delinquent
257-261 Rosa Parks Boulevard Paterson, NJ Multifamily $8.3M 7.345% Jun 2035 n/a n/a Delinquent
302 Graham Avenue Brooklyn, NY Multifamily $8.0M 6.44% Jun 2029 1.18x 100% Delinquent
105 Van Cortlandt Park Yonkers, NY Multifamily $7.9M 3.78% Dec 2029 1.13x 84% Delinquent
Urbane 424 Burlington, IA Multifamily $7.6M 6.48% Dec 2030 n/a n/a Delinquent
Maple Ridge Plaza Amherst, NY Retail $7.5M 4.697% Sep 2027 n/a n/a Delinquent
Village Place Apartments Odessa, TX Multifamily $7.4M 6.70% Apr 2030 1.31x 85% Delinquent
Scottish Traveler Rv Park Largo, FL Manufactured housing $7.0M 6.741% Sep 2030 n/a n/a Delinquent
475 Grand Street Brooklyn, NY Multifamily $6.7M 4.09% Apr 2031 2.00x 100% Delinquent
1120 Executive Plaza Mount Laurel, NJ Office $6.6M 4.336% Sep 2026 n/a n/a Past maturity and not performing
Best Western Plus Madison/huntsville Madison, AL Hotel $6.3M 5.15% Aug 2029 -0.29x n/a Delinquent
Holiday Inn Express & Suites, Sequim Sequim, WA Hotel $6.3M 5.025% Oct 2027 n/a n/a Delinquent
155 Meserole Street Brooklyn, NY Multifamily $5.5M 3.70% Nov 2029 2.51x 100% Delinquent
2046 Mapes Avenue Bronx, NY Multifamily $5.3M 7.355% Oct 2028 1.34x 100% Delinquent
119 Guernsey Street Brooklyn, NY Multifamily $5.1M 3.70% Nov 2029 2.17x 100% Delinquent
Akron Drive Winston-Salem, NC Industrial $5.0M 6.954% Feb 2031 n/a n/a Delinquent
La Provence Apartments Lake Wales, FL Multifamily $5.0M 7.75% Apr 2029 n/a n/a Delinquent
1337 Nostrand Ave Brooklyn, NY Multifamily $4.7M 6.90% Sep 2029 n/a n/a Delinquent
Lofts at Binghamton Portfolio NY Multifamily $4.3M 5.64% Feb 2029 1.19x 94% Delinquent
Eastern Courtyard Las Vegas, NV Office $4.1M 4.922% Aug 2028 1.55x 100% Delinquent
Magnolia Flats Apartments Balcones Heights, TX Multifamily $3.6M 6.84% Nov 2030 n/a n/a Delinquent
Hampton Inn - South Haven South Haven, MI Hotel $3.2M 5.431% Dec 2027 1.98x 54% Delinquent
Greenhaven Townhouses Charlotte, NC Multifamily $3.0M 4.30% Nov 2026 n/a n/a Delinquent

No servicer watchlist appears here because the SEC filing has no field for one. Watchlists are part of the CREFC investor reports that trustees publish to certificate holders.

Loan with the special servicer?

Send the loan to Janover Capital to talk through a takeout loan or new equity.

Loan maturing? Talk to the desk