Citigroup Commercial Mortgage Trust 2015-GC33 Appoints New Special Servicer
Citigroup Commercial Mortgage Trust 2015-GC33Research Summary
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Citigroup Commercial Mortgage Trust 2015-GC33 Appoints New Special Servicer
What Happened
Citigroup Commercial Mortgage Trust 2015‑GC33 filed an 8‑K on April 23, 2026 announcing a change in special servicer for the Decoration & Design Building mortgage loan. Effective April 22, 2026, LNR Partners, LLC was terminated as special servicer for the loan combination under the CGCMT 2015‑P1 Pooling and Servicing Agreement (PSA), and Green Loan Services LLC was appointed successor special servicer. The change is documented in an Acknowledgment and Assumption of Proposed Special Servicer dated April 22, 2026 (Exhibit 20.1).
Key Details
- Affected asset: Decoration & Design Building mortgage loan held by Citigroup Commercial Mortgage Trust 2015‑GC33.
- Effective date of change: April 22, 2026; filing date: April 23, 2026.
- Outgoing special servicer: LNR Partners, LLC (terminated).
- Incoming special servicer: Green Loan Services LLC (appointed successor).
- Servicing governed by the CGCMT 2015‑P1 PSA (Pooling and Servicing Agreement for Citigroup Commercial Mortgage Trust 2015‑P1, Series 2015‑P1).
Why It Matters
Special servicer changes affect who manages distressed or workout matters for a loan; investors in the trust should note the new party now responsible for enforcement, modifications, and loss mitigation for the Decoration & Design Building loan. The filing does not disclose any loan performance metrics or modifications—only the servicer change and the related acknowledgement document (Exhibit 20.1). Investors tracking servicing, recovery prospects, or operational continuity for this loan should review the exhibit and monitor future disclosures for any loan-specific actions taken by the new special servicer.