special servicing News
Latest articles and news about special servicing on AXL Media.
Latest Articles
- Financial Distress Hits Philadelphia Multifamily Portfolio as CMBS Payments Falter
Published: Apr 22, 2026
Section: Property Investment
A significant multifamily portfolio in Philadelphia’s Kensington neighborhood has entered special servicing just one year after securing a $46 million fixed rate loan. The debt, or...
- Mani Brothers Face Special Servicing on $54M Playa Vista Office Portfolio Loan
Published: Apr 22, 2026
Section: Property Investment
A $54 million loan secured by a pair of office buildings in Los Angeles' Playa Vista neighborhood has transitioned to special servicing following a series of missed payments. The b...
- Texas Legislative Shift Strips Tax Exemption from Houston Apartment Complex, Sending 62.5 Million Dollar Loan to Special Servicing
Published: Mar 28, 2026
Section: Real Estate / Property
The Waterford Grove Apartments in Houston have entered special servicing following the loss of a critical property tax exemption due to the passage of Texas House Bill 21. The borr...
- Houston Multifamily Loan Hits Special Servicing as Texas HB 21 Ends Key Tax Breaks
Published: Mar 24, 2026
Section: Real Estate
A $62.5 million CMBS loan backed by the Waterford Grove Apartments in Northwest Houston has been transferred to special servicing, marking a significant ripple effect from recent c...
- Brooklyn Multifamily Portfolio Linked to Zalmen Wagschal Transferred to Special Servicing
Published: Mar 10, 2026
Section: Luxury Real Estate
A seven-building multifamily portfolio concentrated in Bedford-Stuyvesant and Crown Heights has been transferred to special servicing following a string of payment delinquencies. T...
- Brookfield Secures Strategic Modification for $835M Loan on One New York Plaza
Published: Feb 27, 2026
Section: Banking & Finance
Brookfield has successfully negotiated a loan modification for its $835 million debt on One New York Plaza, a prominent 2.6 million square foot office tower in Lower Manhattan. The...