LNR Partners

LNR Partners, LLC is a special servicer for commercial mortgage loans. Its public website is not a services brochure but a property search: an inventory of real-estate-owned commercial properties that LNR manages or services on behalf of the record owners of those properties, some of which are owned directly by an LNR affiliate.

The site is explicit about the role LNR plays in those sales. It states that LNR is not a broker, agent, broker associate or sales associate, and that it acts as principal by virtue of its role as manager of the entities holding title. Each listing links through to the brokerage awarded that listing, and all communications and inquiries are directed to those brokers rather than to LNR, which disclaims responsibility for the acts of the listing brokers.

For investors in the loans LNR services, the site points to Window Into Our Workouts, described as a centralised repository where investors can access detailed information on loans LNR is managing or has managed as special servicer. The footer carries a Starwood Property Trust copyright and an employee login split between the US and Europe, and 305-695-5040 is published as an assistance line.

Nothing on the public site explains the special servicing process, the fee structure, modification criteria or how to reach an asset manager, so a borrower whose loan has transferred to special servicing will not find a route in here. The site's copyright line is several years old, which is worth noting before relying on any inventory shown.