other_material
confidence high
sentiment neutral
materiality 0.35
Special servicer replaced for 650 Madison Ave loan in Citigroup CMBS 2020-GC46
CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46
- 3650 REIT Loan Servicing LLC terminated as special servicer effective Sept 5, 2025.
- Green Loan Services LLC (GLS) appointed as successor special servicer for the 650 Madison Avenue mortgage loan.
- GLS is a wholly owned subsidiary of SL Green Realty Corp. and has Fitch rating of CLLSS2.
- As of filing, GLS services $15.3B in securitized loans across 20 SASB transactions.
- GLS will handle servicing of specially serviced mortgage loan, liquidated property, and foreclosed property under the MAD 2019-650M trust agreement.
item 8.01item 9.01