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Return to Lender: Week of Nov. 12, 2026
- The securitized loan on 1615 L Street in Washington, DC ($134.3 million, JPMBB 2013-C15 & JPMCC 2013-C16) was sold out of receivership for a reported $45 million, slightly below its $51-million October 2025 appraisal, Morningstar Credit reported. The office building was 28% occupied as of September 2026.
- The $350-million securitization of 225 Bush in San Francisco (BMARK 2019-B14 & multiple conduits) was liquidated with a $139.6-million loss, according to Morningstar Credit. The pooled portions of the deals were not affected, because losses were confined to the raked tranches in BMARK 2019-B14.
- A MetroWest shopping center anchored by a Stop & Shop and Staples is scheduled for a foreclosure auction next month, reported the Boston Business Journal. First Tech Federal Credit Union, formerly Digital Federal Credit Union, foreclosed on the Westborough Shopping Center on Route 9. The credit union provided a $32 million mortgage on the Westborough, MA property just last year. Auctioneer Paul E. Saperstein Co. has scheduled an auction for Dec. 8.
- A vacant Columbia Heights multifamily building slated for renovations by an affiliate of D.C. developer American Housing with financing from Amazon may be headed to a foreclosure auction, the Washington Business Journal reported. Hingham Institution for Savings filed a foreclosure notice this week for the 77-unit multifamily building at 2637 16th St. NW, known as Park Meridian. An affiliate tied to American Housing, 2637 16th St NW LLC, and its CEO Adam Lobene owe $12.6 million on a $15.4 million loan from 2022. The 10-story building is scheduled for a Dec. 15 foreclosure auction at Harvey West Auctioneers’ DC office.
- The last of the assets in the HMH Hotel Portfolio ($173.9 million | HMH 2017-NSS) has been sold, and the six-plus-year tenure in special servicing is coming to an end, Morningstar Credit reported. Updated servicer commentary notes that the sale of the Hilton Garden Inn Atlanta North closed in September 2026, the final of 22 properties to be sold out of the portfolio that has been in special servicing since May 2020.
- Morningstar Credit reported that Bridgewater Commons ($235.4 million | GSMS 2012-BWTR) moved to special servicing ahead of its extended October 2026 maturity date. The loan, secured by a super-regional mall in Bridgewater, NJ, had a further extension option to November 2027 subject to a 9.25% debt yield hurdle. The borrower had sold a parcel previously to meet a debt yield hurdle in April 2026. However, despite a $3.4-million principal curtailment in October 2026, it appears that the hurdle was not met at maturity.
- ◦Sale/Acquisition
- ◦Financing
