← BBCMS Mortgage Trust 2025-5C37 · CMBS market
Detail sections for the 17 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.
The Roosevelt New Orleans
| Property | The Roosevelt New Orleans |
| Address | 130 Roosevelt Way; New Orleans, LA 70112 |
| Property type | Lodging |
| Units, beds or keys | 504 |
| Net rentable square feet | not yet reported |
| Year built | 1893 |
| Year last renovated | 2019 |
| Original balance | $24.5M |
| Current balance | $24.5M (September 2026) |
| Share of deal balance | 3.3% |
| Interest rate at origination | 0.07% |
| Current interest rate | 6.87% |
| Origination date | 06-30-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-07-06 |
| Prepayment lockout end | 01-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $243.0M | 01-31-2025 | MAI |
| Most recent reported | $243.0M | 2025-01-31 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $62.6M |
| Operating expenses | $48.7M |
| Net operating income | $13.9M |
| Net cash flow | $10.7M |
| DSCR (net cash flow) | 1.19 |
| DSCR (net operating income) | 1.53 |
| Occupancy | 70% |
| Servicer advances outstanding | $0 |
2505 Salem Road (and 3 more properties)
| Property | 2505 Salem Road (and 3 more properties) |
| Address | 2505 Salem Road; 4740, 4750, 4760 Underpass Avenue 4780 & 4790; 1161 Evans Street; 915 Sharis Court; Conway, AR (and 3 more) 72032 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | 2004 |
| Original balance | $20.9M |
| Current balance | $20.9M (September 2026) |
| Share of deal balance | 2.8% |
| Interest rate at origination | 0.07% |
| Current interest rate | 6.60% |
| Origination date | 06-27-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-07-06 |
| Prepayment lockout end | 01-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $30.7M | 05-15-2025 | MAI |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI"] |
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 |
Park at Sugar Creek
| Property | Park at Sugar Creek |
| Address | 14019-14033 Southwest Freeway; Sugar Land, TX 77478 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 140,532 |
| Year built | 1985 |
| Year last renovated | 2025 |
| Original balance | $19.2M |
| Current balance | $19.2M (September 2026) |
| Share of deal balance | 2.6% |
| Interest rate at origination | 0.07% |
| Current interest rate | 6.70% |
| Origination date | 08-05-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-01 |
| Prepayment lockout end | 02-28-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Société Générale Financial Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $31.2M | 04-23-2025 | MAI |
| Most recent reported | $31.2M | 2025-04-23 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Memorial Hermann Hc | 40,283 | 08-31-2037 |
| HH Sugar Creek LLC (M | 10,562 | 01-31-2031 |
| Sugar Land MCD Assoc | 10,062 | 11-30-2033 |
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $3.1M |
| Operating expenses | $1.6M |
| Net operating income | $1.5M |
| Net cash flow | $1.4M |
| DSCR (net cash flow) | 1.07 |
| DSCR (net operating income) | 1.18 |
| Occupancy | 83% |
| Servicer advances outstanding | $0 |
Sunbeam and Bowden
| Property | Sunbeam and Bowden |
| Address | 4949 Sunbeam Road; Jacksonville, FL 32257 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 177,832 |
| Year built | 1984 |
| Year last renovated | 2024 |
| Original balance | $18.5M |
| Current balance | $18.5M (September 2026) |
| Share of deal balance | 2.5% |
| Interest rate at origination | 0.07% |
| Current interest rate | 6.88% |
| Origination date | 05-15-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-06-05 |
| Prepayment lockout end | 12-04-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | 3650 Capital SCF LOE I(A), LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $29.6M | 04-08-2025 | MAI |
| Most recent reported | $29.6M | 2025-04-08 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Rearden Manufacturing Group LLC | 11,500 | 05-31-2029 |
| North Florida Courier Inc | 8,630 | 03-31-2027 |
| Tigr Holdings Inc dba Pro Source of Jacksonville | 7,500 | 03-31-2030 |
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $2.7M |
| Operating expenses | $595,615 |
| Net operating income | $2.1M |
| Net cash flow | $2.0M |
| DSCR (net cash flow) | 1.59 |
| DSCR (net operating income) | 1.65 |
| Occupancy | 90% |
| Servicer advances outstanding | $0 |
Suburban Square (NJ)
| Property | Suburban Square (NJ) |
| Address | 1300 and 1320 Parkway Avenue 25-49 and 51 South Scotch Road; Ewing Township, NJ 08628 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 107,301 |
| Year built | 1960 |
| Year last renovated | 2007 |
| Original balance | $18.5M |
| Current balance | $18.5M (September 2026) |
| Share of deal balance | 2.5% |
| Interest rate at origination | 0.07% |
| Current interest rate | 6.87% |
| Origination date | 06-26-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-07-05 |
| Prepayment lockout end | 04-04-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | 3650 Capital SCF LOE I(A), LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $28.5M | 04-15-2025 | MAI |
| Most recent reported | $28.5M | 2025-04-15 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Capital Health System, Inc. | 23,022 | 06-22-2035 |
| New Jersey CVS Pharmacy, L.L.C. | 17,645 | 01-31-2032 |
| The SHS Group LLC | 14,005 | 04-06-2027 |
The three largest tenants as reported in the latest asset-level record.
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 |
16260 Ventura
| Property | 16260 Ventura |
| Address | 16260 Ventura Boulevard; Encino, CA 91436 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 62,367 |
| Year built | 1964 |
| Year last renovated | 2015 |
| Original balance | $18.0M |
| Current balance | $18.0M (September 2026) |
| Share of deal balance | 2.4% |
| Interest rate at origination | 0.06% |
| Current interest rate | 6.34% |
| Origination date | 08-05-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-05 |
| Prepayment lockout end | 10-04-2027 |
| Yield maintenance end | 02-04-2030 |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | 3650 Capital SCF LOE I(A), LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $29.8M | 05-19-2025 | MAI |
| Most recent reported | $29.8M | 2025-05-19 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Ashim Kumar | 6,968 | 03-31-2027 |
| Indianer, Lask, Rosenzweig | 5,063 | 10-31-2026 |
| Encino Children's Surgical Center, LLC | 5,000 | 04-30-2028 |
The three largest tenants as reported in the latest asset-level record.
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 |
Decatur Crossing III
| Property | Decatur Crossing III |
| Address | 4675 and 4775 West Teco Avenue; Las Vegas, NV 89118 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 112,299 |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $16.2M |
| Current balance | $16.2M (September 2026) |
| Share of deal balance | 2.2% |
| Interest rate at origination | 0.07% |
| Current interest rate | 7.20% |
| Origination date | 07-31-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-06 |
| Prepayment lockout end | 05-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | BSPRT CMBS Finance, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $25.1M | 05-28-2025 | MAI |
| Most recent reported | $25.1M | 2025-05-28 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Synova Partners, LLC | 25,559 | 08-31-2028 |
| Complete Association Management Company | 17,519 | 05-31-2029 |
| Aggregate Industries/Holcim-SWR | 10,713 | 02-29-2028 |
The three largest tenants as reported in the latest asset-level record.
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 |
Courtyard Marriott Fayetteville
| Property | Courtyard Marriott Fayetteville |
| Address | 600 Van Asche Drive; Fayetteville, AR 72703 |
| Property type | Lodging |
| Units, beds or keys | 114 |
| Net rentable square feet | not yet reported |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $14.2M |
| Current balance | $14.2M (September 2026) |
| Share of deal balance | 1.9% |
| Interest rate at origination | 0.07% |
| Current interest rate | 7.42% |
| Origination date | 08-20-2025 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 05-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | 3650 Capital SCF LOE I(A), LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $24.0M | 06-01-2026 | MAI |
| Most recent reported | $24.0M | 2026-06-01 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $3.9M |
| Operating expenses | $2.4M |
| Net operating income | $1.4M |
| Net cash flow | $1.3M |
| DSCR (net cash flow) | 1.18 |
| DSCR (net operating income) | 1.32 |
| Occupancy | 56% |
| Servicer advances outstanding | $0 |
Hampton Inn & Suites El Paso Airport
| Property | Hampton Inn & Suites El Paso Airport |
| Address | 6635 Gateway Boulevard West; El Paso, TX 79925 |
| Property type | Lodging |
| Units, beds or keys | 139 |
| Net rentable square feet | not yet reported |
| Year built | 1995 |
| Year last renovated | 2023 |
| Original balance | $13.9M |
| Current balance | $13.9M (September 2026) |
| Share of deal balance | 1.9% |
| Interest rate at origination | 0.08% |
| Current interest rate | 7.87% |
| Origination date | 06-25-2025 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2030-07-06 |
| Prepayment lockout end | 01-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $19.9M | 05-19-2025 | MAI |
| Most recent reported | $19.9M | 2025-05-19 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
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 | $94,110 |
Hannaford Plaza
| Property | Hannaford Plaza |
| Address | 598 Columbia Turnpike a/k/a 592, 598, and 600 Columbia Turnpike; East Greenbush, NY 12061 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 111,028 |
| Year built | 1961 |
| Year last renovated | 2014 |
| Original balance | $10.4M |
| Current balance | $10.4M (September 2026) |
| Share of deal balance | 1.4% |
| Interest rate at origination | 0.07% |
| Current interest rate | 7.16% |
| Origination date | 07-23-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-06 |
| Prepayment lockout end | 05-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $17.3M | 03-20-2025 | MAI |
| Most recent reported | $17.3M | 2025-03-20 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Hannaford | 50,000 | 07-31-2033 |
| AutoZone Parts, Inc. | 8,610 | 09-30-2034 |
| CVS Albany, LLC | 7,320 | 07-31-2027 |
The three largest tenants as reported in the latest asset-level record.
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 |
996 Paragon Way (and 101 more properties)
| Property | 996 Paragon Way (and 101 more properties) |
| Address | 996 Paragon Way; 91-399 Kauhi Street; 11224 Will Walker Road; 10450 Doral Boulevard; 1580, 1590, & 1600 Williams Road; 32150 Just Imagine Drive; 6850 Weber Boulevard; 1341 North Clyde Morris Boulevard; 27200 Southwest 127th Avenue; 7410 Magi Road; 2375 East Newlands Road; 3800 Midlink Drive; 13509 Waterworks Street; 13400 East 39th Avenue 3800 Wheeling Street; 91-141 Kalaeloa Boulevard; 9860 West Buckeye Road; 125 North Troy Hill Road; 11900 Trolley Lane; 11501 Wilkinson Drive; 2300 North 33rd Avenue East; 5001 West Delbridge Street; 91-238 Kauhi Street; 1892 Anfield Road; 9215-9347 East Pendleton Pike; 955 Aeroplaza Drive; 3155 Grissom Parkway; 3502 Enterprise Avenue; 3870 Ronald Reagan Boulevard; 700 Marine Drive; 3245 Henry Road 3185 Columbia Road; 2701 Southwest 18th Street; 2482 Century Drive; 158 West Yard Road; 55 Commerce Avenue; 1415 West Commerce Way; 1095 South 4800 West; 950 Bennett Road; 985 West Kershaw Street; 1980 Hood Road; 17200 Manchac Park Lane; 7409 Magi Road; 91-329 Kauhi Street; 1985 International Way; 200 Orange Point Drive; 91-241 Kalaeloa Boulevard; 2311 South Park Road; 2820 State Highway 31; 8000 Mid America Boulevard; 14257 East Easter Avenue; 91-080 Hanua Street; 3736 Salisbury Road; 91-027 Kaomi Loop; 150 Greenhorn Drive; 7130 Q Street; 235 Great Pond Road; 510 Production Avenue; 91-150 Kaomi Loop; 4501 Industrial Drive; 91-222 Olai Street; 2580 Technology Drive; 301 Commerce Drive; 7121 South 5th Avenue; 590 Assembly Court; 91-250 Komohana Street; 91-220 Kalaeloa Boulevard; 91-185 Kalaeloa Boulevard; 91-300 Hanua Street; 5501 Providence Hill Drive; 91-259 Olai Street; 2 Tower Drive; 91-064 Kaomi Loop; 91-202 Kalaeloa Boulevard; 2100 Northwest 82nd Avenue; 91-102 Kaomi Loop; 1230 West 171st Street; 91-400 Komohana Street; 91-265 Hanua Street; 91-255 Hanua Street; 1415 Industrial Drive; 209 South Bud Street; 91-110 Kaomi Loop; 3900 6th Street Northeast; 91-218 Olai Street; 5795 Logistics Parkway; 91-210 Kauhi Street; 435 Southeast 70th Street; 2902 Gun Club Road; 91-210 Olai Street; 91-95 Hanua Street; 2401 Cram Avenue Southeast; 91-083 Hanua Street; 91-119 Olai Street; 3425 Maple Drive; 91-174 Olai Street; 5156 American Road; 91-252 Kauhi Street; 91-349 Kauhi Street; 91-175 Olai Street; 91-171 Olai Street; 91-087 Hanua Street; 91-410 Komohana Street; 91-416 Komohana Street; Rock Hill, SC (and 101 more) 29730 |
| Property type | Multiple property types |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2001", "1999", "2007", "2024", "2013", "2014", "2014", "2018", "2014", "2025", "2002", "2006", "2024", "2023", "2017", "2024", "2020", "2012", "2005", "2012", "2014"] |
| Original balance | $10.3M |
| Current balance | $10.3M (September 2026) |
| Share of deal balance | 1.4% |
| Interest rate at origination | 0.05% |
| Current interest rate | 5.38% |
| Origination date | 06-26-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-07-09 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | 01-08-2030 |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Bank of Montreal, UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $1.71B | 04-10-2025 | MAI |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Exel Inc. | not yet reported | ["08-31-2029", "03-31-2027", "11-30-2031", "06-30-2028", "05-31-2026", "05-31-2031", "06-30-2033", "02-28-2033", "03-31-2032", "06-30-2031", "05-31-2035", "07-31-2029", "12-31-2029", "07-31-2035", "12-31-2029", "04-30-2027", "01-31-2031", "07-31-2028", "09-30-2028", "01-31-2033", "02-28-2037", "10-31-2027", "08-31-2032", "09-30-2033", "09-30-2029", "12-31-2029", "08-31-2029", "06-30-2029", "09-30-2029", "07-31-2030", "03-31-2030", "07-31-2029", "06-30-2033", "06-30-2030", "02-29-2036", "11-30-2027", "03-31-2035", "06-30-2030", "02-28-2034", "06-30-2029", "09-29-2028", "12-31-2029", "04-30-2029", "06-07-2026", "08-31-2027", "09-30-2029", "10-31-2028", "06-30-2034", "05-31-2029", "12-31-2026", "05-31-2030", "10-31-2028", "09-30-2028", "07-31-2031", "08-31-2042", "07-31-2030", "12-31-2029", "01-31-2028", "02-28-2027", "09-30-2029", "09-30-2026", "11-30-2028", "04-30-2032", "02-29-2040", "12-31-2039", "04-30-2029", "12-31-2027", "01-31-2034", "10-31-2033", "04-30-2027", "07-31-2032", "08-31-2034", "03-31-2029", "12-31-2038", "08-31-2028", "01-31-2037", "09-30-2027", "12-31-2032", "02-28-2031", "05-31-2029", "01-31-2028", "06-30-2027", "01-31-2037", "09-30-2031", "08-31-2039", "08-31-2039", "05-31-2027", "12-31-2027", "09-30-2030", "05-31-2029", "01-31-2031", "06-30-2028", "09-30-2045", "12-31-2038", "06-30-2031", "07-31-2039", "07-31-2039", "11-30-2030", "11-30-2030"] |
| Upright Fencing | not yet reported | ["12-31-2026", "07-31-2027", "10-31-2026", "12-31-2028", "03-31-2030", "06-30-2027"] |
| The True Vine | not yet reported | ["06-30-2028", "09-30-2029", "10-31-2032"] |
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $26.9M |
| Operating expenses | $6.2M |
| Net operating income | $20.8M |
| Net cash flow | $20.7M |
| DSCR (net cash flow) | 1.28 |
| DSCR (net operating income) | 1.28 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
500 Delaware Avenue
| Property | 500 Delaware Avenue |
| Address | 500 Delaware Avenue; Wilmington, DE 19801 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 371,222 |
| Year built | 2006 |
| Year last renovated | 2020 |
| Original balance | $10.0M |
| Current balance | $10.0M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 0.05% |
| Current interest rate | 4.84% |
| Origination date | 04-07-2022 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2032-05-05 |
| Prepayment lockout end | 11-04-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | 3650 Real Estate Investment Trust 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $125.7M | 03-03-2022 | MAI |
| Most recent reported | $125.7M | 2022-03-03 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Wilmington Savings Fund Society, FSI | 74,421 | 12-31-2039 |
| Morris James LLP | 64,928 | 05-31-2026 |
| Sargent & Lundy, LLC | 47,441 | 10-31-2027 |
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $12.8M |
| Operating expenses | $4.7M |
| Net operating income | $8.1M |
| Net cash flow | $7.9M |
| DSCR (net cash flow) | 1.89 |
| DSCR (net operating income) | 1.94 |
| Occupancy | 94% |
| Servicer advances outstanding | $0 |
Oak Ridge Apartments
| Property | Oak Ridge Apartments |
| Address | 3463 Wingood Circle; Memphis, TN 38118 |
| Property type | Multifamily |
| Units, beds or keys | 216 |
| Net rentable square feet | not yet reported |
| Year built | 1974 |
| Year last renovated | 2025 |
| Original balance | $10.0M |
| Current balance | $10.0M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 0.06% |
| Current interest rate | 6.31% |
| Origination date | 08-06-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-01 |
| Prepayment lockout end | 02-28-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Société Générale Financial Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $19.9M | 03-26-2025 | MAI |
| Most recent reported | $19.9M | 2025-03-26 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
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 |
Lubbock Heights
| Property | Lubbock Heights |
| Address | 5401 & 5430 50th Street 4902, 4906, 4908 and 4910 Belmont Avenue; Lubbock, TX 79414 |
| Property type | Multifamily |
| Units, beds or keys | 163 |
| Net rentable square feet | not yet reported |
| Year built | 1973 |
| Year last renovated | 2024 |
| Original balance | $8.0M |
| Current balance | $8.0M (September 2026) |
| Share of deal balance | 1.1% |
| Interest rate at origination | 0.07% |
| Current interest rate | 6.69% |
| Origination date | 07-29-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-06 |
| Prepayment lockout end | 05-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $13.0M | 04-25-2025 | MAI |
| Most recent reported | $13.0M | 2025-04-25 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
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 |
Blue Sky Hot Springs
| Property | Blue Sky Hot Springs |
| Address | 170 Temperance Hill Road; Hot Springs, AR 71913 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 99,825 |
| Year built | 1996 |
| Year last renovated | not yet reported |
| Original balance | $6.7M |
| Current balance | $6.7M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 0.07% |
| Current interest rate | 6.64% |
| Origination date | 06-27-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-07-06 |
| Prepayment lockout end | 01-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $10.2M | 05-15-2025 | MAI |
| Most recent reported | $10.2M | 2025-05-15 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
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 |
Hampton Inn Scottsburg
| Property | Hampton Inn Scottsburg |
| Address | 1535 West McClain Avenue; Scottsburg, IN 47170 |
| Property type | Lodging |
| Units, beds or keys | 86 |
| Net rentable square feet | not yet reported |
| Year built | 2000 |
| Year last renovated | 2024 |
| Original balance | $6.2M |
| Current balance | $6.2M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 0.08% |
| Current interest rate | 7.91% |
| Origination date | 07-10-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-07-06 |
| Prepayment lockout end | 04-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $9.0M | 05-05-2025 | MAI |
| Most recent reported | $9.0M | 2025-05-05 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
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 |
N1563 US Highway 63 (and 1 more properties)
| Property | N1563 US Highway 63 (and 1 more properties) |
| Address | N1563 US Highway 63; 790 Tile Drive; Hager City, WI (and 1 more) 54014 |
| Property type | Self storage |
| 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 | $4.5M |
| Current balance | $4.5M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 0.07% |
| Current interest rate | 6.71% |
| Origination date | 07-22-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-06 |
| Prepayment lockout end | 02-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $6.5M | 05-14-2025 | MAI |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI"] |
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 |