The Wire · latest issue
The Wire, October 2026
- 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.
- Teller Avenue Portfolio $18.5M
Asset transferred to special servicing effective 08/11/26 due to Payment Default (all payments excluding Balloon/Maturity Payment. Special Servicer has filed for foreclosure and receivership.
- Crowne Plaza at Jacksonville $15.5M
Loan has recently transferred to SS, we are attempting to reach out to the borrower(s).
- 205-16 Linden Boulevard $14.0M
- Oak Forest Apartments $13.6M
Special Servicer comments are not available for this cycle.
- 321 East 2nd Street $11.3M
Transferred 08/27/26 due to imminent monetary default, however, the loan remains payment current.
- Cascade Building $10.0M
Loan transferred to special servicing effective 8/28/26 for Imminent Monetary Default.
The 18 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.
- River Forest Medical Offices $22.0M
Receivership hearing is set for 9/1. A draft Reply to the Borrower''s objection to the receiver motion was filed on 8/20.
- Center at Colony Mill $19.4M
- Teller Avenue Portfolio $18.5M
Asset transferred to special servicing effective 08/11/26 due to Payment Default (all payments excluding Balloon/Maturity Payment. Special Servicer has filed for foreclosure and receivership.
- Sawmill Apartments $15.5M
The loan has transferred to Special Servicing as of 9/21/2026 for payment default.
- Hollywood Station $14.7M
- 205-16 Linden Boulevard $14.0M
The 18 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.
- Dulaney Center $43.1M
The property is managed by a court-appointed receiver and the Lender is now evaluating the merits of a receivership sale vs taking title through foreclosure.
- Silver Spring Plaza $35.0M
Loan transferred to special servicing, effective July 11, 2026, due to a Maturity Default. Borrower informed SS that it is unwilling to contribute any equity in exchange for a further extension of the loan term.
- Jersey City Group 2 $32.2M
9.8.2026: The loan transferred to SS on 5/5/2026, for Payment Default, after the borrower missed their 3/1/2026 DS payment. The borrower is seeking a modification of loan terms.
- 92-96 Highland Avenue $31.4M
Loan has transferred to Special Servicing effective 5/5/2026 for payment default.
- 3143-3149 Kennedy Boulevard $30.5M
Loan has transferred to Special Servicing effective 5/5/2026 for payment default.
- 580 Walnut Street $29.9M
The loan transferred into special servicing effective 1/26/26 due to Imminent Monetary Default (Balloon/Maturity Default).
The 18 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.
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The foreclosure complaint was filed and all defendants were served. A Motion for the appointment of receiver was filed 8/26/26.
- Greenleaf at Howell $44.5M
Borrower has communicated that it is seeking an additional Loan modification, as the vacant cinema space at the Property has not been leased.
- Cross Island Plaza $42.5M
In 8/2026 the Borrower provided terms of a potential settlement agreement which the Special Servicer is evaluating. The Loan is current on scheduled payments and is due for 9/2026.
- Knoll Ridge $42.5M
Receiver is evaluating ongoing CapEx and preparing amended 2026 forecast. Per the receiver report as of Q2 2026, collateral had a physical occupancy of 56%.
- 3004 Heath Avenue $39.0M
The Loan transferred to Special Servicing effective 2/9/26 for payment default. The Loan is due for the December 2025 payment.
- Ferncrest Apartments $39.0M
Receiver is evaluating ongoing CapEx and preparing amended 2026 forecast. Per the receiver report as of Q2 2026, collateral had a physical occupancy of 50%.
The 18 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.