other_material
confidence high
sentiment neutral
materiality 0.50
Torchlight Loan Services named special servicer for Easton Town Center loan in MSBAM 2016-C30, replacing Situs
Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30
- Effective June 24, 2025, Torchlight Loan Services replaces Situs Holdings as special servicer for Easton Town Center loan (BBCMS 2016-ETC securitization).
- Torchlight appointed by Teachers Insurance and Annuity Association of America, the directing holder.
- Torchlight resolved over $11.8B of US commercial/multifamily loans; as of 3/31/2025 specially serviced $2.94B (46 loans).
- No material legal proceedings against Torchlight; no prior non-compliance with servicing criteria in other securitizations.
- Torchlight is not an affiliate of depositor, servicer, trustee; may have revenue-sharing with controlling class holder.
item 6.02