Mortgage Pass-Through Certificates

COMM 2014-CCRE17

August 12, 2025

Status/Resolutions

Investor
No.

Description

Paid Through

Date

Loan

Status

Spec Serv

Trans Date

Resoln

Strategy

06/06/2025

3/21/2024

8.1.2025: The subject borrower was transferred to Special Servicing on 3.29.2024, due to the Master Servicer determining an imminent maturity default, resulting from
primary tenant Leman Manhattan Prep School defaulting under their [then] existing lease. Loan exposure is represented via two, Pari- passu A-Notes totaling
$243MM, secured via 1st lien position in a historic-landmark 22-story, multi-tenant, Class- B office building, with multi-level retail space, totaling 937,069 square feet of
NRA on a 48,071 square foot parcel of land and located in downtown NYC (Manhattan). Due to the financial effects of the COVID Pandemic and subsequent Leman
lease default, the sponsor was unable to refinance their Notes at the [then] maturity date on 4.6.2024 and requested an Extension of their maturity date to allow
Leman time to secure much needed rescue capital and to negotiate a new lease with Leman. The Borrower and the Lender negotiated terms for a two [2] year
Forbearance Agreement that was executed on 7/31/2024. Subsequently, effective on 10.31.2024, the Borrower and Leman [then] executed a 9 th Amendment to their
lease. It is expected that the loan will continue to perform in accordance with the terms of the agreement and will result ina full payoff of the loan at the end of the
Forbearance term.

02/06/2025

6/17/2021

08/01/2025: The collateral is comprised of 417,692 sf GLA of a 1,067,993 sf GLA, two-level super-regional mall opened in 1996 in the northwestern suburbs of
Albuquerque, NM. The owned real estate collateral consists of a 32.43-acre platted site improved with the common mall space, in-line tenants in the mall, a food
court, Regal Cinemas (80,360 sf junior anchor) on two levels, and open asphalt parking and drives. Lender''s collateral does not include any of the 5 anchor pads.
Regal Cinema is the largest tenant occupying a portion of Lender''s collateral. The receiver continues to have success renewing leases, converting temp. tenants to
permanent leases, and signing new leases. Occupancy has increased to 93% on the owned collateral portion of the mall, however over 30% of tenants are local
tenants on license agreements that the Receiver is working to convert to permanent leases. Recent new perm. leases include Black Sheep Korean BBQ, Minoso,
and The Picklr. Conn''s (non-owned)filed BK and closed. The top floor of that anchor box remains empty, and the lower floor is reportedly newly leased to Crunch
Fitness. The receiver is addressing deferred maintenance on the 9 HVAC RTUs, which is being paid for through cash flow. Lender continues to work with the
receiver on leasing and curing deferred maintenance and determine the best course of action to resolve the loan.

09/06/2020

7/8/2020

08/01/2025 - The judge in the receiver action forced Lender to take title to the Property as an REO on 2/4/2025. GF Hotels ( Court Appointed Receiver) transitioned
the Property to Trust Ownership (a newly formed SPE) and continued as the Manager to manage the hotel as a Crowne Plaza Hotel under the IHG Franchise
Agreement. The majority of the 2019 IHG Owner''s Required PIP was not completed by Borrower. The receiver undertook completing the required PIP in early 2023,
which included full renovation of all 355 guest rooms, lobby renovations, conference and ballroom updates, pool renovation, and elevator modernization. All rooms
are renovated, and 15 rooms await FF&E which is on backorder. Franchise change of ownership deficiency items are being corrected, and efficiency/cost saving
plans are being implemented. The last required update is elevator modernization which has long lead times and is in process. Lender intends to market the property
for sale once the franchise required PIP is complete and stabilized operations have been realized .

11/06/2022

7/7/2020

11/06/2022

6/19/2017

08/01/25 - Loan transferred to special servicing on 06/19/17 for payment default. The loan is secured by one REO office building and one REO apartment building in
Evansville, IN. Plunkett and Cooney has been engaged as legal counsel. The Borrower requested a forbearance but then refused to sign the drafted agreement. A
receiver was appointed on 12/04/18. The Borrower eventually agreed to a consented foreclosure and made a cash payment to the Lender for a release under the
loan documents. Foreclosure was completed in February of 2021. Two of the four properties that served as collateral for the loan were sold and released as
collateral in March of 2022. SS has engaged a broker and is in the process of taking the multifamily property (Kunkel Square) to market. SS is attempting to secure
an early renewal for the commercial property (Fendrich Plaza) and is accessing timing to go to market.

01/06/2025

6/12/2024

8.1.2025: The loan, originated in March-2014 and matured 4.6.2024. Prior to the transfer to Special Servicing on 6.12.2024, the borrower had negotiated a s/t
forbearance with the master servicer to facilitate a sale of the asset, however the sale dissolved because the buyer could not secure requisite funds to close. As such
the loan was transferred to SS due to maturity/balloon payment default. The lenders collateral is represented via a first-lien position in a 116,223 square foot
mixed-use property containing 67 apartment units, 62,999 square feet of retail space, and 9,231 square feet of office space, located in Dundalk, MD. The borrower
was unable to refinance the loan by maturity largely due to occupancy and NOI deterioration stemming from [then] tenants Walgreens (which closed as part of
corporate cost cutting initiative announced publicly on 6.27.2024 to shutter 25% of US underperforming stores) and a daycare (that did not renew at lease expiration).
A Pre-Negotiation Letter was executed with the borrower on 6.24.2024. Loan is under cash trap due to exit of [then] tenants Rite Aid and Caring Hands, both leases
deemed to be Loan Sweep Leases. During initial discussions the borrower expressed interest in executing a forbearance with the Lender, however the borrower
objected to fully reinstating the loan; a requisite for executing a forbearance. With forbearance discussions dissolved, the borrower consented to lender enforcement
and the lender filed for the appointment

Specially Serviced Loan Comments

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