BBCMS Mortgage Trust 2020-C7: loan annex
Page built October 19, 2026
Loan detail for BBCMS Mortgage Trust 2020-C7.
Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-15
← BBCMS Mortgage Trust 2020-C7 · CMBS market
Detail sections for the 25 loans of this deal that do not have a page of their own. Loans with a surveillance history, loans at or above the section's size threshold of $25.0M, and the largest loans in the deal have their own pages, linked from the loan table on the deal page. Every loan in the deal appears either here or on its own page.
725 FOURTH AVENUE
| Property | 725 FOURTH AVENUE |
| Address | 725 FOURTH AVENUE; Brooklyn, NY 11232 |
| Property type | Multifamily |
| Units, beds or keys | 165 |
| Net rentable square feet | not yet reported |
| Year built | 1928 |
| Year last renovated | 2019 |
| Original balance | $23.0M |
| Current balance | $23.0M (September 2026) |
| Share of deal balance | 3.0% |
| Interest rate at origination | 3.83% |
| Current interest rate | 3.83% |
| Origination date | 12-31-2019 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 84 months |
| Scheduled maturity | 2030-01-05 |
| Prepayment lockout end | 10-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Natixis Real Estate Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $961,699 |
| Operating expenses | $423,721 |
| Net operating income | $537,978 |
| Net cash flow | $529,259 |
| DSCR (net cash flow) | 2.40 |
| DSCR (net operating income) | 2.44 |
| Occupancy | 94% |
| Servicer advances outstanding | $0 |
ONE BEL AIR
| Property | ONE BEL AIR |
| Address | 2391 ROSCOMARE ROAD; Los Angeles, CA 90077 |
| Property type | Multifamily |
| Units, beds or keys | 10 |
| Net rentable square feet | not yet reported |
| Year built | 2018 |
| Year last renovated | not yet reported |
| Original balance | $16.6M |
| Current balance | $16.6M (September 2026) |
| Share of deal balance | 2.2% |
| Interest rate at origination | 3.77% |
| Current interest rate | 3.77% |
| Origination date | 01-24-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-02-06 |
| Prepayment lockout end | 04-05-2022 |
| Yield maintenance end | 10-05-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $414,678 |
| Operating expenses | $113,588 |
| Net operating income | $301,090 |
| Net cash flow | $300,413 |
| DSCR (net cash flow) | 1.92 |
| DSCR (net operating income) | 1.92 |
| Occupancy | 90% |
| Servicer advances outstanding | $0 |
1ST & PINE
| Property | 1ST & PINE |
| Address | 104 PINE STREET; Seattle, WA 98101 |
| Property type | Multifamily |
| Units, beds or keys | 55 |
| Net rentable square feet | not yet reported |
| Year built | 1909 |
| Year last renovated | 2019 |
| Original balance | $14.0M |
| Current balance | $14.0M (September 2026) |
| Share of deal balance | 1.8% |
| Interest rate at origination | 4.13% |
| Current interest rate | 4.13% |
| Origination date | 02-13-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-03-06 |
| Prepayment lockout end | 07-05-2022 |
| Yield maintenance end | 12-05-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $2.9M |
| Operating expenses | $2.1M |
| Net operating income | $830,388 |
| Net cash flow | $809,062 |
| DSCR (net cash flow) | 1.38 |
| DSCR (net operating income) | 1.42 |
| Occupancy | 77% |
| Servicer advances outstanding | $0 |
Skyline MHC Portfolio
| Property | Skyline MHC Portfolio |
| Address | not yet reported |
| Property type | Manufactured housing |
| Units, beds or keys | 461 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $11.7M |
| Current balance | $11.7M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 4.10% |
| Current interest rate | 4.10% |
| Origination date | 12-13-2019 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-01-01 |
| Prepayment lockout end | 10-31-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $3.2M |
| Operating expenses | $1.8M |
| Net operating income | $1.3M |
| Net cash flow | $1.3M |
| DSCR (net cash flow) | 2.72 |
| DSCR (net operating income) | 2.76 |
| Occupancy | 82% |
| Servicer advances outstanding | $0 |
Loan 2A
| Property | Loan 2A |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $10.0M |
| Current balance | $10.0M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 2.95% |
| Current interest rate | 2.95% |
| Origination date | 01-29-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-02-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc Wells Fargo Bank National Association Goldman Sachs Bank USA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
SIMPLY SPACE SELF STORAGE MERCED
| Property | SIMPLY SPACE SELF STORAGE MERCED |
| Address | 1124 WEST YOSEMITE AVENUE; Merced, CA 95348 |
| Property type | Self storage |
| Units, beds or keys | 752 |
| Net rentable square feet | not yet reported |
| Year built | 2002 |
| Year last renovated | 2012 |
| Original balance | $9.8M |
| Current balance | $9.8M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 3.59% |
| Current interest rate | 3.59% |
| Origination date | 01-28-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-02-05 |
| Prepayment lockout end | 11-04-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Natixis Real Estate Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $892,100 |
| Operating expenses | $266,685 |
| Net operating income | $625,415 |
| Net cash flow | $615,733 |
| DSCR (net cash flow) | 3.48 |
| DSCR (net operating income) | 3.53 |
| Occupancy | 91% |
| Servicer advances outstanding | $0 |
DFW Retail Portfolio
| Property | DFW Retail Portfolio |
| Address | TX |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $9.9M |
| Current balance | $9.7M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 4.20% |
| Current interest rate | 4.20% |
| Origination date | 12-12-2019 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-01-06 |
| Prepayment lockout end | 10-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $818,034 |
| Operating expenses | $288,768 |
| Net operating income | $529,266 |
| Net cash flow | $512,335 |
| DSCR (net cash flow) | 1.75 |
| DSCR (net operating income) | 1.81 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
GDR MANASSAS
| Property | GDR MANASSAS |
| Address | 10021 BALLS FORD ROAD; Manassas, VA 20109 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 97,360 |
| Year built | 2000 |
| Year last renovated | 2018 |
| Original balance | $10.2M |
| Current balance | $8.5M (September 2026) |
| Share of deal balance | 1.1% |
| Interest rate at origination | 3.80% |
| Current interest rate | 3.80% |
| Origination date | 02-14-2020 |
| Original term | 120 months |
| Amortization term | 300 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2030-03-06 |
| Prepayment lockout end | 12-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $570,994 |
| Operating expenses | $192,770 |
| Net operating income | $378,224 |
| Net cash flow | $338,063 |
| DSCR (net cash flow) | 2.13 |
| DSCR (net operating income) | 2.38 |
| Occupancy | 94% |
| Servicer advances outstanding | $0 |
KEMPER POINTE
| Property | KEMPER POINTE |
| Address | 7870 EAST KEMPER ROAD; Cincinnati, OH 45249 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 96,418 |
| Year built | 2005 |
| Year last renovated | not yet reported |
| Original balance | $8.5M |
| Current balance | $8.0M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 3.70% |
| Current interest rate | 3.70% |
| Origination date | 03-05-2020 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2030-04-01 |
| Prepayment lockout end | 05-31-2022 |
| Yield maintenance end | 01-31-2030 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $2.0M |
| Operating expenses | $1.2M |
| Net operating income | $854,953 |
| Net cash flow | $726,534 |
| DSCR (net cash flow) | 1.55 |
| DSCR (net operating income) | 1.82 |
| Occupancy | 98% |
| Servicer advances outstanding | $0 |
EXTRA SPACE STORAGE PHOENIX
| Property | EXTRA SPACE STORAGE PHOENIX |
| Address | 3650 WEST BROADWAY ROAD; Phoenix, AZ 85041 |
| Property type | Self storage |
| Units, beds or keys | 979 |
| Net rentable square feet | not yet reported |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $7.6M |
| Current balance | $7.6M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 3.79% |
| Current interest rate | 3.79% |
| Origination date | 12-11-2019 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-01-01 |
| Prepayment lockout end | 02-28-2022 |
| Yield maintenance end | 10-31-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $769,081 |
| Operating expenses | $221,916 |
| Net operating income | $547,165 |
| Net cash flow | $540,943 |
| DSCR (net cash flow) | 3.71 |
| DSCR (net operating income) | 3.76 |
| Occupancy | 87% |
| Servicer advances outstanding | $0 |
40 & 50 BEAVER STREET
| Property | 40 & 50 BEAVER STREET |
| Address | 40 & 50 BEAVER STREET; Albany, NY 12207 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 78,303 |
| Year built | 1920 |
| Year last renovated | 1999 |
| Original balance | $7.3M |
| Current balance | $6.4M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 3.88% |
| Current interest rate | 3.88% |
| Origination date | 01-16-2020 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2030-02-01 |
| Prepayment lockout end | 03-31-2022 |
| Yield maintenance end | 11-30-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $944,458 |
| Operating expenses | $672,569 |
| Net operating income | $271,889 |
| Net cash flow | $130,161 |
| DSCR (net cash flow) | 0.31 |
| DSCR (net operating income) | 0.66 |
| Occupancy | 68% |
| Servicer advances outstanding | $0 |
Silver Creek Apartments Portfolio
| Property | Silver Creek Apartments Portfolio |
| Address | Elizabethtown, KY |
| Property type | Multifamily |
| Units, beds or keys | 120 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $6.4M |
| Current balance | $5.6M (September 2026) |
| Share of deal balance | 0.7% |
| Interest rate at origination | 4.10% |
| Current interest rate | 4.10% |
| Origination date | 02-07-2020 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2030-03-06 |
| Prepayment lockout end | 12-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | BSPRT CMBS Finance, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $735,874 |
| Operating expenses | $229,091 |
| Net operating income | $506,783 |
| Net cash flow | $491,783 |
| DSCR (net cash flow) | 2.66 |
| DSCR (net operating income) | 2.74 |
| Occupancy | 94% |
| Servicer advances outstanding | $0 |
Cape Coral and Dunedin
| Property | Cape Coral and Dunedin |
| Address | FL |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $5.4M |
| Current balance | $5.1M (September 2026) |
| Share of deal balance | 0.7% |
| Interest rate at origination | 4.25% |
| Current interest rate | 4.25% |
| Origination date | 02-25-2020 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2030-03-01 |
| Prepayment lockout end | 09-30-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $906,814 |
| Operating expenses | $303,516 |
| Net operating income | $603,298 |
| Net cash flow | $560,908 |
| DSCR (net cash flow) | 1.76 |
| DSCR (net operating income) | 1.89 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
STORQUEST SELF STORAGE - HONOLULU
| Property | STORQUEST SELF STORAGE - HONOLULU |
| Address | 750 UMI STREET; Honolulu, HI 96819 |
| Property type | Self storage |
| Units, beds or keys | 591 |
| Net rentable square feet | not yet reported |
| Year built | 1951 |
| Year last renovated | 1994 |
| Original balance | $4.5M |
| Current balance | $4.5M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 3.62% |
| Current interest rate | 3.62% |
| Origination date | 01-10-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-02-01 |
| Prepayment lockout end | 03-31-2022 |
| Yield maintenance end | 09-30-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $487,255 |
| Operating expenses | $181,311 |
| Net operating income | $305,944 |
| Net cash flow | $303,372 |
| DSCR (net cash flow) | 3.65 |
| DSCR (net operating income) | 3.68 |
| Occupancy | 74% |
| Servicer advances outstanding | $0 |
COOL CREEK VILLAGE
| Property | COOL CREEK VILLAGE |
| Address | 2736 EAST 146TH STREET; Carmel, IN 46033 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 33,312 |
| Year built | 2008 |
| Year last renovated | not yet reported |
| Original balance | $4.4M |
| Current balance | $4.4M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 3.65% |
| Current interest rate | 3.65% |
| Origination date | 02-26-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-03-01 |
| Prepayment lockout end | 12-31-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $1.1M |
| Operating expenses | $452,875 |
| Net operating income | $679,172 |
| Net cash flow | $614,430 |
| DSCR (net cash flow) | 3.76 |
| DSCR (net operating income) | 4.16 |
| Occupancy | 94% |
| Servicer advances outstanding | $0 |
HOGAN SELF STORAGE
| Property | HOGAN SELF STORAGE |
| Address | 1577 REED ROAD; Pennington, NJ 08534 |
| Property type | Self storage |
| Units, beds or keys | 408 |
| Net rentable square feet | not yet reported |
| Year built | 2009 |
| Year last renovated | not yet reported |
| Original balance | $4.4M |
| Current balance | $4.1M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 3.98% |
| Current interest rate | 3.98% |
| Origination date | 02-07-2020 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2030-03-01 |
| Prepayment lockout end | 12-31-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $827,616 |
| Operating expenses | $553,647 |
| Net operating income | $273,969 |
| Net cash flow | $269,575 |
| DSCR (net cash flow) | 1.07 |
| DSCR (net operating income) | 1.09 |
| Occupancy | 81% |
| Servicer advances outstanding | $0 |
LABORERS UNION BUILDING
| Property | LABORERS UNION BUILDING |
| Address | 7135 WEST SAHARA AVENUE; Las Vegas, NV 89117 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 27,860 |
| Year built | 1999 |
| Year last renovated | not yet reported |
| Original balance | $4.2M |
| Current balance | $4.1M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 4.20% |
| Current interest rate | 4.20% |
| Origination date | 12-23-2019 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-01-01 |
| Prepayment lockout end | 02-28-2022 |
| Yield maintenance end | 10-31-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $918,723 |
| Operating expenses | $252,046 |
| Net operating income | $666,677 |
| Net cash flow | $615,349 |
| DSCR (net cash flow) | 2.54 |
| DSCR (net operating income) | 2.75 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
ADVANTAGE SELF-STORAGE
| Property | ADVANTAGE SELF-STORAGE |
| Address | 4215 OR-99E; Hubbard, OR 97032 |
| Property type | Self storage |
| Units, beds or keys | 288 |
| Net rentable square feet | not yet reported |
| Year built | 2006 |
| Year last renovated | not yet reported |
| Original balance | $4.7M |
| Current balance | $4.1M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 4.32% |
| Current interest rate | 4.32% |
| Origination date | 01-21-2020 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2030-02-06 |
| Prepayment lockout end | 11-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $773,761 |
| Operating expenses | $288,017 |
| Net operating income | $485,744 |
| Net cash flow | $473,132 |
| DSCR (net cash flow) | 1.71 |
| DSCR (net operating income) | 1.75 |
| Occupancy | 88% |
| Servicer advances outstanding | $0 |
7-ELEVEN - 351 BOWERY
| Property | 7-ELEVEN - 351 BOWERY |
| Address | 351 BOWERY; New York, NY 10003 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 2,162 |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $3.9M |
| Current balance | $3.9M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 4.05% |
| Current interest rate | 4.05% |
| Origination date | 01-28-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-02-01 |
| Prepayment lockout end | 11-30-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $105,319 |
| Operating expenses | $46,333 |
| Net operating income | $58,986 |
| Net cash flow | $58,878 |
| DSCR (net cash flow) | 1.49 |
| DSCR (net operating income) | 1.49 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
STORQUEST SELF STORAGE - APACHE
| Property | STORQUEST SELF STORAGE - APACHE |
| Address | 10461 EAST APACHE TRAIL; Apache Junction, AZ 85120 |
| Property type | Self storage |
| Units, beds or keys | 373 |
| Net rentable square feet | not yet reported |
| Year built | 1997 |
| Year last renovated | not yet reported |
| Original balance | $3.7M |
| Current balance | $3.7M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 3.40% |
| Current interest rate | 3.40% |
| Origination date | 01-28-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-02-01 |
| Prepayment lockout end | 03-31-2022 |
| Yield maintenance end | 09-30-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $674,756 |
| Operating expenses | $257,077 |
| Net operating income | $417,679 |
| Net cash flow | $412,336 |
| DSCR (net cash flow) | 3.25 |
| DSCR (net operating income) | 3.29 |
| Occupancy | 95% |
| Servicer advances outstanding | $0 |
STORQUEST SELF STORAGE - TUCSON
| Property | STORQUEST SELF STORAGE - TUCSON |
| Address | 6400 SOUTH COMMERCE COURT; Tucson, AZ 85746 |
| Property type | Self storage |
| Units, beds or keys | 450 |
| Net rentable square feet | not yet reported |
| Year built | 2005 |
| Year last renovated | not yet reported |
| Original balance | $3.2M |
| Current balance | $3.2M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 3.40% |
| Current interest rate | 3.40% |
| Origination date | 01-28-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-02-01 |
| Prepayment lockout end | 03-31-2022 |
| Yield maintenance end | 09-30-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $712,099 |
| Operating expenses | $300,668 |
| Net operating income | $411,431 |
| Net cash flow | $402,126 |
| DSCR (net cash flow) | 3.67 |
| DSCR (net operating income) | 3.76 |
| Occupancy | 88% |
| Servicer advances outstanding | $0 |
STORQUEST SELF STORAGE - PHOENIX
| Property | STORQUEST SELF STORAGE - PHOENIX |
| Address | 10622 WEST INDIAN SCHOOL ROAD; Phoenix, AZ 85037 |
| Property type | Self storage |
| Units, beds or keys | 398 |
| Net rentable square feet | not yet reported |
| Year built | 1980 |
| Year last renovated | not yet reported |
| Original balance | $2.9M |
| Current balance | $2.9M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 3.40% |
| Current interest rate | 3.40% |
| Origination date | 01-28-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-02-01 |
| Prepayment lockout end | 03-31-2022 |
| Yield maintenance end | 09-30-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $596,437 |
| Operating expenses | $264,353 |
| Net operating income | $332,084 |
| Net cash flow | $306,622 |
| DSCR (net cash flow) | 3.06 |
| DSCR (net operating income) | 3.32 |
| Occupancy | 81% |
| Servicer advances outstanding | $0 |
SHARIDON MHP
| Property | SHARIDON MHP |
| Address | 3941 NORTH 4TH AVENUE; Tucson, AZ 85705 |
| Property type | Manufactured housing |
| Units, beds or keys | 65 |
| Net rentable square feet | not yet reported |
| Year built | 1955 |
| Year last renovated | not yet reported |
| Original balance | $1.4M |
| Current balance | $1.2M (September 2026) |
| Share of deal balance | 0.2% |
| Interest rate at origination | 4.65% |
| Current interest rate | 4.65% |
| Origination date | 01-30-2020 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2030-02-06 |
| Prepayment lockout end | 11-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | BSPRT CMBS Finance, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $206,777 |
| Operating expenses | $101,552 |
| Net operating income | $105,225 |
| Net cash flow | $103,400 |
| DSCR (net cash flow) | 2.39 |
| DSCR (net operating income) | 2.43 |
| Occupancy | 86% |
| Servicer advances outstanding | $0 |
DOLLAR GENERAL-BECKER, MN
| Property | DOLLAR GENERAL-BECKER, MN |
| Address | 13122 1ST STREET; Becker, MN 55308 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 9,002 |
| Year built | 2019 |
| Year last renovated | not yet reported |
| Original balance | $924,000 |
| Current balance | $924,000 (September 2026) |
| Share of deal balance | 0.1% |
| Interest rate at origination | 4.77% |
| Current interest rate | 4.77% |
| Origination date | 02-14-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2034-09-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | 09-05-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $85,866 |
| Operating expenses | $2,576 |
| Net operating income | $83,290 |
| Net cash flow | $81,940 |
| DSCR (net cash flow) | 1.83 |
| DSCR (net operating income) | 1.86 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
DOLLAR GENERAL-KINCHELOE, MI
| Property | DOLLAR GENERAL-KINCHELOE, MI |
| Address | 4914 WEST M-80; Kincheloe, MI 49788 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 9,026 |
| Year built | 2019 |
| Year last renovated | not yet reported |
| Original balance | $875,000 |
| Current balance | $875,000 (September 2026) |
| Share of deal balance | 0.1% |
| Interest rate at origination | 4.75% |
| Current interest rate | 4.75% |
| Origination date | 02-14-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2034-09-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | 09-05-2029 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $84,447 |
| Operating expenses | $2,533 |
| Net operating income | $81,914 |
| Net cash flow | $80,560 |
| DSCR (net cash flow) | 1.91 |
| DSCR (net operating income) | 1.94 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |