The Wire · October 2026 issue · RSS
What moved in CMBS this month
Every public CMBS loan that went to or came back from special servicing, slipped into delinquency, took an appraisal reduction or was liquidated at a loss, with what the special servicer says about it. Free, every month, the week the filings land.
- To special servicing
- 25
- Back to the master servicer
- 12
- Delinquency rate
- 4.34%the index
- Special servicing rate
- 6.22%
Transferred to the special servicer 25 loans, $1.0B
- One SoHo Square $469.0M
The loan transferred to Special Servicing as of 08/28/2026. Borrower requested the transfer to engage with the SS regarding a potential extension or other consensual mod in advance of the maturity date in August 2028.
- Wolfchase Galleria $84.6M
- 1000 Denny Way $56.0M
Loan transferred to Special Servicing in advance of February 2027 maturity as largest tenant Seattle Times is vacating. Borrower group is repurposing some office floors to data center usage.
- Cypress Village Apartments $45.6M
Loan transferred to special servicing effective August 26, 2026 due to Other (outstanding payment shortfalls, cash management/DACA compliance failures, unresolved insurance deficiencies, several remaining uncured…
- Hyatt Regency Jersey City $35.0M
- Crowne Plaza Melbourne $34.5M
The loan transferred to special servicing effective 8/10/2026. The subject is a 290-room lodging facility located in Melbourne, FL and built in 1979 and renovated in 2018.
- The Wymore 360 $33.0M
The loan transferred to special servicing effective 8/11/2026 due to Payment Default (all payments excluding Balloon/Maturity).
- Southpoint Office Center $32.7M
The loan transferred to Special Servicing effective 8/19/2026 for Imminent Monetary Default. The loan is secured by a +/- 366k SF office building in metro Minneapolis. The file and collateral are under review.
- St. Lukes Office $29.0M
The Loan was transferred to the Special Servicer on 8/17/2026 due to Imminent Default resulting from the Borrower's failure to cover operating expense shortfalls.
- 3300 Renner $28.6M
Loan transferred to special servicing effective August 5, 2026 due to Imminent Monetary Default (excluding Balloon/Maturity Default).
- 3800 Hamlin $24.0M
The loan transferred to Special Servicing effective August 12th, 2026 for imminent Maturity Default. The loan is secured by a 359,376 SF Office property Located in Auburn Hills Michigan.
- Doubletree Orlando $22.7M
The Loan transferred for Imminent Monetary Default as a result of the Covid-19 pandemic. Borrower executed a settlement agreement as of 3/7/2022. Loan was returned to master servicer.
The 12 largest of 25. All of them are in the API and MCP (wire).
Returned to the master servicer 12 loans, $814.8M
- Yorkshire Towers $318.0M
- 3 Park Avenue $182.0M
- 425 Eye Street $102.2M
- 900 and 990 Stewart Avenue $84.0M
- Domain At Waco $55.0M
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Special Servicer comments are not available for this cycle.
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Special Servicer comments are not available for this cycle.
- Hyatt House Broomfield $9.6M
- Walgreens Tumwater $5.3M
Special Servicer comments are not available for this cycle.
- 4601 S Indiana Ave $2.7M
Newly delinquent or matured unpaid 8 loans, $202.9M
- 1350 West Middlefield Road $109.2M
- Castleton Commons and Square $30.8M
" 9/11/2026 The Loan transferred to SS on 8/9/2023 for imminent default due to cash flow issues.
- McCullough Commons $26.9M
- Tonnelle Square Two $8.1M
The Loan transferred into special servicing on 9/10/2026 for Maturity Default as Borrower failed to pay the Loan off at the 9/6/2026 maturity date.
- Village Place Apartments $7.4M
- 1120 Executive Plaza $6.6M
- 2046 Mapes Avenue $5.3M
Moved deeper into delinquency 46 loans, $717.1M
- 26 Broadway $67.8M
Loan has been transferred to the Special Servicer effective 5/19/2026. The Borrower expressed in writing an inability to pay the amounts owed under the Mortgage Loan in a timely manner.
- The Onyx $38.0M
Loan was transferred to Special Servicing on 2/12/2025 due to a payment default. The loan was made current, but the Borrower has continued to not comply with the required DACA and CMA requirements.
- Hotel Eastlund $36.7M
The collateral is a 168 room, full-service, independent hotel originally opened in 1962 and renovated in 2014-15 and 2019.
- 4813 Nashville Road $33.1M
The Loan transferred into special servicing on 12/8/2025 in connection with an imminent default resulting from the sole tenant (iMedia Brands, Inc.) terminating its Lease and vacating the Property without the consent of…
- Valencia Town Center $29.2M
- Raddon Union Heights $28.7M
9.8.2026: Subject borrower recently transferred to Special Servicing on 8/6/2026 for payment default, as borrower defaulted on their July-2026 debt service payment.
- Steeples Apartments $28.3M
- Independence Lofts $26.3M
Loan transferred to the Special Servicer on 8/26/2024 due to various ongoing defaults (Guarantor voluntary Bankruptcy Ch 11 filing and a Sequestrator appointed in favor of Shin Da Enterprises at the Property).
- 45 Liberty Boulevard $24.5M
Loan is secured by a 137,217 sf office building located in Malvern, PA, ~25 miles NW of Philadelphia. Loan transferred to Special Servicing effective 5/20/2026 due to imminent monetary default.
- Townhomes with a View $24.3M
- Doubletree Orlando $22.7M
The Loan transferred for Imminent Monetary Default as a result of the Covid-19 pandemic. Borrower executed a settlement agreement as of 3/7/2022. Loan was returned to master servicer.
- Brooklyn Multi Portfolio $22.5M
Loan transferred as a SS on 1/28/2026 due to payment delinquency of over 60 days. The collateral comprises seven multifamily walk-up buildings located in Brooklyn, NY.
The 12 largest of 46. All of them are in the API and MCP (wire).
New appraisal reductions 44 loans, $1.6B
- U.S. Steel Tower $160.0M
Transfer to SS 2/19/26. Matured 6/1/26. NOD sent to borrower 6/2/26. Occupancy 7/31/26 was 75.8%. Financial reporting and leasing update is overdue.
- 681 Fifth Avenue $135.0M
The Special Servicer was the winning bidder at the foreclosure sale on 3/3/26 and has now taken title to the property. As of 8/31/26, the property is 69% occupied.
- 2 Washington Street $131.5M
The Loan transferred to Special Servicing on 5/13/2026 for imminent default due to cash flow concerns following the Borrower''s termination of Sonder''s lease of all 345 units.
- Riverway $114.6M
Loan transferred SS on 5/18/23 for imminent default due to cash flow issues. Receiver has been appointed and in control of the property.
- Central Tower $98.0M
The Special Servicer is continuing its preparation to take title to the Property. A Phase 1 environmental report has been ordered. The anticipated sale date is now 12/3/2026.
- Westbrook Corporate Center $86.4M
The loan transferred to SS effective 9/10/2024 for imminent non-monetary default.
- 1166 Avenue of the Americas $85.0M
Loan remains in payment default and at this time Borrower has not submitted any further proposals.
- 1140 Avenue of the Americas $54.0M
Loan transferred for Imminent Default on 3/24/25. Collateral consists of a first-lien leasehold interest in a 247,183 SF, Class A, 21-story office building built in 19216 and located in Midtown Manhattan in NYC.
- Pin Oak North Medical Office $53.6M
The Appointment of Substitute Trustee has been completed. The foreclosure sale is expected to take place 11/03/2026.
- 445 South Street $53.6M
The Loan was transferred to the Special Servicer on 7/9/2026 due to Delinquent Payments after the Borrower failed to make the payment due on 5/1/2026.
- Time Square Office Renton $53.5M
The loan transferred to Special Servicing due to imminent monetary default, and a receiver was appointed on 12/12/2024.
- Gateway I & II $50.1M
The loan transferred to Special Servicing effective 11/29/2024 for monetary default as the October 2024 payment was not made.
The 12 largest of 44. All of them are in the API and MCP (wire).
Liquidated with losses 7 loans, $132.3M
- Loan 10-A1 in BENCHMARK-2020-B18 $32.6M
- Loan 14 in WELLS-FARGO-2017-C39 $28.0M
- Loan 15 in BENCHMARK-2020-B17 $28.0M
- Loan 18A3 in DBJPM-2020-C9 $14.0M
- Loan 32 in CD-2017-CD6 $11.2M
- Loan 21 in BBCMS-2023-C22 $10.0M
- 50 Bond Street $8.5M
Special servicer updates this month 60 loans, $2.2B
- One SoHo Square $469.0M
The loan transferred to Special Servicing as of 08/28/2026. Borrower requested the transfer to engage with the SS regarding a potential extension or other consensual mod in advance of the maturity date in August 2028.
- 1100 First Street NE $211.0M
The Loan transferred to Special Servicing on 6/4/2025 for Delinquent Payments.
- 2 Washington Street $131.5M
The Loan transferred to Special Servicing on 5/13/2026 for imminent default due to cash flow concerns following the Borrower''s termination of Sonder''s lease of all 345 units.
- The Colonnade Office Complex $105.0M
The loan transferred to Special Servicing 9/12/2023 for Imminent Monetary Default related to the loan''s maturity. The loan is secured by a three tower, 1,079,511 sf, office complex in Addison, Texas.
- Central Tower $98.0M
The Special Servicer is continuing its preparation to take title to the Property. A Phase 1 environmental report has been ordered. The anticipated sale date is now 12/3/2026.
- The Muse $81.6M
No material update. The Borrower and Special Servicer remain in active discussions regarding the completion of all required renovations and compliance with all provisions under the loan documents.
- 315-325 W 36th Street $77.0M
9/30/2026 Loan transferred to special servicing on 6/8/2023 for payment default. The Special Servicer continues to move forward with the Foreclosure process in New York.
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The Loan transferred to SS on 2/10/21 due to imminent payment default. The Loan is paid through December 2022. This Loan was deemed non-recoverable.
- Saks Fulfillment Center $60.0M
Loan transferred to Special Servicing effective 4/16/2026 due to imminent default resulting from the bankruptcy filing of the parent company of the 100% single tenant (Saks & Company, LLC).
- The Elston Retail Collection $57.1M
The Loan is current on debt service payments and the Property is 100% occupied. The Special Servicer and Borrower are negotiating a resolution on final servicing expenses.
- Brass Professional Center $56.0M
REO Title Date: 10/3/2023. Property is an approx. 576,395 SF, 11-building suburban office park known as Brass Professional Center located along and south of NW Loop 410 in San Antonio, TX.
- Euclid Apartments $53.0M
The Loan transferred to special servicing on 2/19/2025 due to payment default. In May 2025, Borrower filed bankruptcy shortly after the court approved Lender''s receivership motion.
The 12 largest of 60. All of them are in the API and MCP (wire).
Built from the October 2026 ABS-EE filings and trustee reports filed with the SEC. Quoted lines are excerpts of the special servicer's comment; each loan page links the filing.