400 Capital Sues Over Alleged Fee-Grabbing Tactic in CMBS Loan

400 Capital Management has filed a lawsuit alleging that a CMBS servicer engaged in a "fee-grabbing tactic" by forcing a loan into special servicing. This dispute highlights potential conflicts of interest within the CMBS market, where servicers can accrue significant fees once a loan enters special servicing, even if a default isn't imminent.