Return to Lender: Week of March 26, 2026

Onward Investors has taken title to the 306,000‑square‑foot office property at 800 and 900 North Point Parkway in the Atlanta suburb of Alpharetta, GA, Trepp reported, citing the Atlanta Business Chronicle. The Minnetonka, MN investment services firm last year purchased the property’s $30-million loan from CIBC Bank. Built in 1992, the property is now about 45% leased.

The loan on Heron Lakes ($46.2 million | JPMBB 2014-C26) was liquidated this month after 2,641 days in special servicing, according to Morningstar Credit. The Houston office took a $50.2-million loss, a 96.6% loss severity on the loan’s original balance. The loan moved to special servicing in December 2018 after a bankruptcy filing by the borrower and the property has been REO since 2020.

156-168 Bleecker ($34.0 million | BMARK 2018-B1) liquidated at a 50.5% loss severity, Morningstar Credit reported. The Greenwich Village retail property had been REO since 2025, having first transferred to special servicing in November 2020 after falling delinquent during the pandemic.

The South Florida Business Journal reported that the Goodtime Hotel in Miami Beach could be seized in a $149.3-million foreclosure lawsuit. CMMT-JSELLER 2 LLC, an affiliate of CIM Real Estate Credit, filed a lawsuit Jan. 27 against New York-based Washington Squared Owner LLC over the 205,680-square-foot hotel with 266 rooms at 601 Washington Ave. The borrower defaulted on the 2021 loan by failing to make interest payments in July 2024 and not repaying the loan upon maturity in September 2024, and owes $149.3 million in principal, plus interest and fees, according to the complaint.

A New York judge gave the green light for foreclosure proceedings on 390 Fifth Ave. in Midtown Manhattan. The ruling follows months of litigation between the building’s ownership, tied to the Schwalbe family and Hilson Management, and lender Maverick Real Estate Partners, according to Crain’s New York Business. The vintage office property was refinanced in spring 2025 with current debt levels in the low- to mid-$40-million range.

Waterford Grove Apartments ($62.5 million | 6.7% of MSBAM 2015-5C1 | CMBX 19) has moved to special servicing for imminent monetary default, reported Morningstar Credit. According to servicer commentary, the borrower was unable to secure the tax exemption required under the loan agreement, and must now make a principal paydown to meet the required 1.25x DSCR and 8.5% debt yield thresholds. The Houston multifamily reported a 2025 net cash flow down 31% from underwriting.

Estates at Palm Bay ($61.0 million | 5.8% of BBCMS 2024-5C29 | CMBX.19) moved to special servicing following a bankruptcy filing by the loan sponsor, Morningstar Credit reported. Lurin Capital filed earlier this month. The loan, backed by a 300-unit townhouse community in Fort Walton Beach, FL, has been late on payments since May 2025.