other material
confidence high
sentiment neutral
materiality 0.25
CMBS trust 2019-GC40 swaps special servicer on 700 Tech Court loan to Midland after LNR affiliate conflict
GS Mortgage Securities Trust 2019-GC40
- LNR Partners resigned as Special Servicer for the 700 Tech Court Mortgage Loan, ~1.5% of the asset pool.
- An LNR affiliate became the loan's borrower via assumption on June 11, 2021, triggering a Borrower Party conflict.
- Midland Loan Services, a PNC Bank division, appointed Excluded Special Servicer effective September 18, 2026.
- LNR continues as Special Servicer for all other mortgage loans in the GSMS 2019-GC40 trust.