Analysis

CMBS Loan Special Servicers Rack Up Fees — And Lawsuits

By Georgia Kromrei · June 12, 2024, 9:17 PM EDT

Commercial mortgage-backed securities borrowers have long chafed at special servicers, who they say drag out negotiations and collect fees as long as possible while their distressed real estate assets languish....

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Case Information

Case Title

U.S. Bank National Association v. Mattone et al

Case Number

1:23-cv-11035

Court

New York Southern

Nature of Suit

Negotiable Instrument

Date Filed

December 20, 2023


Case Title

Long Island City Partners, LLC v. U.S. Bank National Association, As Trustee for the Registered Holders of the WFCM 2013-LC12 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2013-LC12 et al

Case Number

1:24-cv-02004

Court

New York Eastern

Nature of Suit

Contract: Other

Date Filed

March 19, 2024