BBCMS Mortgage Trust 2025-5C38: loan annex
Page built October 19, 2026
Loan detail for BBCMS Mortgage Trust 2025-5C38.
Data as of loan data through September 2026
← BBCMS Mortgage Trust 2025-5C38 · CMBS market
Detail sections for the 31 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.
Loan 1A
| Property | Loan 1A |
| 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 | $20.0M |
| Current balance | $20.0M (September 2026) |
| Share of deal balance | 2.4% |
| Interest rate at origination | 7.25% |
| Current interest rate | 7.25% |
| Origination date | 10-01-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | BSPRT, Rialto |
| 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 |
PARKVIEW TULLAHOMA
| Property | PARKVIEW TULLAHOMA |
| Address | 1601 CEDAR LANE; Tullahoma, TN 37388 |
| Property type | Multifamily |
| Units, beds or keys | 100 |
| Net rentable square feet | not yet reported |
| Year built | 2020 |
| Year last renovated | not yet reported |
| Original balance | $18.5M |
| Current balance | $18.5M (September 2026) |
| Share of deal balance | 2.2% |
| Interest rate at origination | 6.35% |
| Current interest rate | 6.35% |
| Origination date | 09-03-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 03-05-2030 |
| 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
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 |
285 LAFAYETTE
| Property | 285 LAFAYETTE |
| Address | 285 LAFAYETTE STREET; New York, NY 10012 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 15,136 |
| Year built | 1900 |
| Year last renovated | 2004 |
| Original balance | $17.0M |
| Current balance | $17.0M (September 2026) |
| Share of deal balance | 2.0% |
| Interest rate at origination | 6.27% |
| Current interest rate | 6.27% |
| Origination date | 09-29-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 05-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| 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) | 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 |
125TH & LENOX
| Property | 125TH & LENOX |
| Address | 100 WEST 125TH STREET; New York, NY 10027 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 172,070 |
| Year built | 2016 |
| Year last renovated | not yet reported |
| Original balance | $16.0M |
| Current balance | $16.0M (September 2026) |
| Share of deal balance | 1.9% |
| Interest rate at origination | 5.66% |
| Current interest rate | 5.66% |
| 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 | 02-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | RREF V - D Direct Lending Investments, 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) | 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 |
1035 THIRD AVENUE
| Property | 1035 THIRD AVENUE |
| Address | 1035 THIRD AVENUE; New York, NY 10065 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 23,924 |
| Year built | 1967 |
| Year last renovated | 2012 |
| Original balance | $15.4M |
| Current balance | $15.4M (September 2026) |
| Share of deal balance | 1.8% |
| Interest rate at origination | 6.20% |
| Current interest rate | 6.20% |
| Origination date | 10-01-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 12-05-2027 |
| Yield maintenance end | 04-05-2030 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| 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) | 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 |
BAY POINTE APARTMENTS
| Property | BAY POINTE APARTMENTS |
| Address | 811 NORTHWOOD DRIVE; Baytown, TX 77521 |
| Property type | Multifamily |
| Units, beds or keys | 314 |
| Net rentable square feet | not yet reported |
| Year built | 1976 |
| Year last renovated | 2017 |
| Original balance | $15.0M |
| Current balance | $15.0M (September 2026) |
| Share of deal balance | 1.8% |
| Interest rate at origination | 6.90% |
| Current interest rate | 6.90% |
| Origination date | 09-23-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 11-05-2027 |
| Yield maintenance end | 07-05-2030 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $674,309 |
| Operating expenses | $249,750 |
| Net operating income | $424,559 |
| Net cash flow | $404,934 |
| DSCR (net cash flow) | 1.56 |
| DSCR (net operating income) | 1.64 |
| Occupancy | 93% |
| Servicer advances outstanding | $0 |
GRANDVIEW APARTMENTS
| Property | GRANDVIEW APARTMENTS |
| Address | 5250 NORTH KNOXVILLE AVENUE; Peoria, IL 61614 |
| Property type | Multifamily |
| Units, beds or keys | 139 |
| Net rentable square feet | not yet reported |
| Year built | 1973 |
| Year last renovated | 2020 |
| Original balance | $14.5M |
| Current balance | $14.5M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 6.44% |
| Current interest rate | 6.44% |
| Origination date | 09-26-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $586,725 |
| Operating expenses | $252,997 |
| Net operating income | $333,728 |
| Net cash flow | $325,040 |
| DSCR (net cash flow) | 1.39 |
| DSCR (net operating income) | 1.43 |
| Occupancy | 96% |
| Servicer advances outstanding | $0 |
79 WALKER
| Property | 79 WALKER |
| Address | 79 WALKER STREET; New York, NY 10013 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 31,450 |
| Year built | 1869 |
| Year last renovated | 2016 |
| Original balance | $14.2M |
| Current balance | $14.2M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 5.92% |
| Current interest rate | 5.92% |
| Origination date | 09-19-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | RREF V - D Direct Lending Investments, 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) | 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 |
INTERNATIONAL PLAZA
| Property | INTERNATIONAL PLAZA |
| Address | 2223 NORTH WEST SHORE BOULEVARD; Tampa, FL 33607 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 803,735 |
| Year built | 2001 |
| Year last renovated | 2020 |
| Original balance | $25.0M |
| Current balance | $12.5M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 4.91% |
| Current interest rate | 4.91% |
| Origination date | 10-09-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-01 |
| Prepayment lockout end | 04-30-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Goldman Sachs Bank USA |
| 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 | $45.5M |
| Operating expenses | $11.2M |
| Net operating income | $34.3M |
| Net cash flow | $33.8M |
| DSCR (net cash flow) | 2.36 |
| DSCR (net operating income) | 2.39 |
| Occupancy | 85% |
| Servicer advances outstanding | $0 |
Loan 13A
| Property | Loan 13A |
| 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 | $12.5M |
| Current balance | $12.5M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 4.91% |
| Current interest rate | 4.91% |
| Origination date | 10-09-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-01 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | GSMC |
| 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 |
CAUSEWAY SHOPPING CENTER
| Property | CAUSEWAY SHOPPING CENTER |
| Address | 203-299 EAST EAU GALLIE BOULEVARD; Melbourne, FL 32937 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 111,816 |
| Year built | 1966 |
| Year last renovated | not yet reported |
| Original balance | $12.5M |
| Current balance | $12.5M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 6.14% |
| Current interest rate | 6.14% |
| Origination date | 09-30-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| 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) | 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 |
Michigan MHC Portfolio
| Property | Michigan MHC Portfolio |
| Address | MI |
| Property type | Manufactured housing |
| Units, beds or keys | 332 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $11.3M |
| Current balance | $11.3M (September 2026) |
| Share of deal balance | 1.4% |
| Interest rate at origination | 6.20% |
| Current interest rate | 6.20% |
| Origination date | 10-10-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 04-05-2030 |
| 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
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 BUFFALO SOUTH / I-90
| Property | HAMPTON INN BUFFALO SOUTH / I-90 |
| Address | 1750 RIDGE ROAD; West Seneca, NY 14224 |
| Property type | Lodging |
| Units, beds or keys | 105 |
| Net rentable square feet | not yet reported |
| Year built | 2001 |
| Year last renovated | 2024 |
| Original balance | $11.0M |
| Current balance | $11.0M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 6.89% |
| Current interest rate | 6.89% |
| Origination date | 10-16-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-06 |
| Prepayment lockout end | 05-05-2030 |
| 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
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 |
885 PARK AVENUE
| Property | 885 PARK AVENUE |
| Address | 883, 885, 887 AND 889 PARK AVENUE; Brooklyn, NY 11206 |
| Property type | Multifamily |
| Units, beds or keys | 34 |
| Net rentable square feet | not yet reported |
| Year built | 1920 |
| Year last renovated | 2018 |
| Original balance | $10.2M |
| Current balance | $10.2M (September 2026) |
| Share of deal balance | 1.2% |
| Interest rate at origination | 6.20% |
| Current interest rate | 6.20% |
| Origination date | 10-01-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
STAYBRIDGE SUITES BUFFALO
| Property | STAYBRIDGE SUITES BUFFALO |
| Address | 164 SLADE AVENUE; West Seneca, NY 14224 |
| Property type | Lodging |
| Units, beds or keys | 105 |
| Net rentable square feet | not yet reported |
| Year built | 2010 |
| Year last renovated | 2023 |
| Original balance | $10.0M |
| Current balance | $10.0M (September 2026) |
| Share of deal balance | 1.2% |
| Interest rate at origination | 6.89% |
| Current interest rate | 6.89% |
| Origination date | 10-16-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-06 |
| Prepayment lockout end | 05-05-2030 |
| 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
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 |
FULTON INDUSTRIAL CENTER
| Property | FULTON INDUSTRIAL CENTER |
| Address | 4790-4826 FULTON INDUSTRIAL BOULEVARD; Atlanta, GA 30036 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 103,922 |
| Year built | 1973 |
| Year last renovated | not yet reported |
| Original balance | $9.7M |
| Current balance | $9.7M (September 2026) |
| Share of deal balance | 1.2% |
| Interest rate at origination | 5.12% |
| Current interest rate | 5.12% |
| Origination date | 09-25-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 04-05-2030 |
| 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
Largest tenants
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 |
TOWNEPLACE SUITES REDDING
| Property | TOWNEPLACE SUITES REDDING |
| Address | 2180 LARKSPUR LANE; Redding, CA 96002 |
| Property type | Lodging |
| Units, beds or keys | 101 |
| Net rentable square feet | not yet reported |
| Year built | 2013 |
| Year last renovated | not yet reported |
| Original balance | $9.5M |
| Current balance | $9.5M (September 2026) |
| Share of deal balance | 1.1% |
| Interest rate at origination | 6.05% |
| Current interest rate | 6.05% |
| Origination date | 09-19-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 04-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
Tampa MHC Portfolio
| Property | Tampa MHC Portfolio |
| Address | FL |
| Property type | Manufactured housing |
| Units, beds or keys | 195 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $9.2M |
| Current balance | $9.2M (September 2026) |
| Share of deal balance | 1.1% |
| Interest rate at origination | 6.30% |
| Current interest rate | 6.30% |
| Origination date | 09-12-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 04-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
228 NE BROADWAY
| Property | 228 NE BROADWAY |
| Address | 228 NORTHEAST BROADWAY STREET; Portland, OR 97232 |
| Property type | Self storage |
| Units, beds or keys | 366 |
| Net rentable square feet | 29,314 |
| Year built | 1914 |
| Year last renovated | 2016 |
| Original balance | $7.4M |
| Current balance | $7.4M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 5.85% |
| Current interest rate | 5.85% |
| Origination date | 09-05-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 03-05-2030 |
| 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
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $270,673 |
| Operating expenses | $99,877 |
| Net operating income | $170,796 |
| Net cash flow | $167,714 |
| DSCR (net cash flow) | 1.55 |
| DSCR (net operating income) | 1.58 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
5222 ROOSEVELT AVENUE
| Property | 5222 ROOSEVELT AVENUE |
| Address | 52-22 ROOSEVELT AVENUE; Woodside, NY 11377 |
| Property type | Mixed use |
| Units, beds or keys | 10 |
| Net rentable square feet | not yet reported |
| Year built | 2020 |
| Year last renovated | not yet reported |
| Original balance | $6.4M |
| Current balance | $6.4M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 6.46% |
| Current interest rate | 6.46% |
| Origination date | 10-21-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-06 |
| Prepayment lockout end | 05-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| 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) | 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 |
The Storage Place Portfolio
| Property | The Storage Place Portfolio |
| Address | AL |
| Property type | Self storage |
| Units, beds or keys | 585 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $6.1M |
| Current balance | $6.1M (September 2026) |
| Share of deal balance | 0.7% |
| Interest rate at origination | 6.56% |
| Current interest rate | 6.56% |
| Origination date | 09-19-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $521,310 |
| Operating expenses | $223,149 |
| Net operating income | $298,161 |
| Net cash flow | $293,104 |
| DSCR (net cash flow) | 1.46 |
| DSCR (net operating income) | 1.48 |
| Occupancy | 90% |
| Servicer advances outstanding | $0 |
PAK RAT MINI STORAGE
| Property | PAK RAT MINI STORAGE |
| Address | 5145 US HIGHWAY 93 SOUTH AND 3645 GRANT CREEK ROAD; Missoula, MT 59804 |
| Property type | Self storage |
| Units, beds or keys | 609 |
| Net rentable square feet | 85,598 |
| Year built | 1985 |
| Year last renovated | not yet reported |
| Original balance | $5.6M |
| Current balance | $5.6M (September 2026) |
| Share of deal balance | 0.7% |
| Interest rate at origination | 6.22% |
| Current interest rate | 6.22% |
| Origination date | 10-16-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-06 |
| Prepayment lockout end | 08-05-2030 |
| 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
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 |
Loan 1B
| Property | Loan 1B |
| 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 | $5.0M |
| Current balance | $5.0M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 7.25% |
| Current interest rate | 7.25% |
| Origination date | 10-01-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | BSPRT, Rialto |
| 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 |
HANOVER VILLAGE
| Property | HANOVER VILLAGE |
| Address | 202 JACOBSTOWN NEW EGYPT ROAD; Wrightstown, NJ 08562 |
| Property type | Manufactured housing |
| Units, beds or keys | 100 |
| Net rentable square feet | not yet reported |
| Year built | 1960 |
| Year last renovated | not yet reported |
| Original balance | $4.8M |
| Current balance | $4.8M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 6.49% |
| Current interest rate | 6.49% |
| Origination date | 10-09-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 11-05-2026 |
| Yield maintenance end | 04-05-2030 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
ALL AMERICAN CITY SELF STORAGE
| Property | ALL AMERICAN CITY SELF STORAGE |
| Address | 1209 EAST BELT LINE ROAD; DeSoto, TX 75115 |
| Property type | Self storage |
| Units, beds or keys | 444 |
| Net rentable square feet | 49,585 |
| Year built | 1974 |
| Year last renovated | not yet reported |
| Original balance | $4.2M |
| Current balance | $4.2M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 6.40% |
| Current interest rate | 6.40% |
| Origination date | 09-25-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 04-05-2030 |
| 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
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 |
DRIVE UP STORAGE SPARTA
| Property | DRIVE UP STORAGE SPARTA |
| Address | 19 AND 32 WHITE LAKE ROAD; Sparta, NJ 07871 |
| Property type | Self storage |
| Units, beds or keys | 483 |
| Net rentable square feet | 50,975 |
| Year built | 1997 |
| Year last renovated | not yet reported |
| Original balance | $4.1M |
| Current balance | $4.1M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 5.62% |
| Current interest rate | 5.62% |
| Origination date | 09-30-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 04-05-2030 |
| 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
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $276,071 |
| Operating expenses | $119,750 |
| Net operating income | $156,321 |
| Net cash flow | $155,046 |
| DSCR (net cash flow) | 2.71 |
| DSCR (net operating income) | 2.73 |
| Occupancy | 92% |
| Servicer advances outstanding | $0 |
Maple Hill Village and Lawrence Portfolio
| Property | Maple Hill Village and Lawrence Portfolio |
| Address | MI |
| Property type | Manufactured housing |
| Units, beds or keys | 159 |
| Net rentable square feet | not yet reported |
| Year built | 1970 |
| Year last renovated | not yet reported |
| Original balance | $4.0M |
| Current balance | $4.0M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 6.67% |
| Current interest rate | 6.67% |
| Origination date | 08-19-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 06-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $206,422 |
| Operating expenses | $103,266 |
| Net operating income | $103,156 |
| Net cash flow | $101,168 |
| DSCR (net cash flow) | 1.50 |
| DSCR (net operating income) | 1.53 |
| Occupancy | 83% |
| Servicer advances outstanding | $0 |
PORT ANGELES STUDENT HOUSING
| Property | PORT ANGELES STUDENT HOUSING |
| Address | 1134 AND 1138 EAST PARK AVENUE; Port Angeles, WA 98362 |
| Property type | Multifamily |
| Units, beds or keys | 92 |
| Net rentable square feet | not yet reported |
| Year built | 2018 |
| Year last renovated | not yet reported |
| Original balance | $3.7M |
| Current balance | $3.7M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 5.76% |
| Current interest rate | 5.76% |
| Origination date | 09-25-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
SUPER H-MART
| Property | SUPER H-MART |
| Address | 6335 GEORGIA 85; Riverdale, GA 30274 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 57,696 |
| Year built | 2000 |
| Year last renovated | not yet reported |
| Original balance | $3.0M |
| Current balance | $3.0M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 6.35% |
| Current interest rate | 6.35% |
| Origination date | 10-09-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-06 |
| Prepayment lockout end | 08-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BSPRT CMBS 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) | 06-30-2026 |
| Revenue | $332,509 |
| Operating expenses | $77,209 |
| Net operating income | $255,300 |
| Net cash flow | $235,106 |
| DSCR (net cash flow) | 2.44 |
| DSCR (net operating income) | 2.65 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
LOCKAWAY STORAGE - GARDEN RIDGE
| Property | LOCKAWAY STORAGE - GARDEN RIDGE |
| Address | 9384 SCHOENTHAL ROAD; Garden Ridge, TX 78266 |
| Property type | Self storage |
| Units, beds or keys | 250 |
| Net rentable square feet | 64,895 |
| Year built | 2015 |
| Year last renovated | 2023 |
| Original balance | $3.0M |
| Current balance | $3.0M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 6.60% |
| Current interest rate | 6.60% |
| Origination date | 10-16-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-01 |
| Prepayment lockout end | 04-30-2030 |
| 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
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 |
Loan 1C
| Property | Loan 1C |
| 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 | $1.0M |
| Current balance | $1.0M (September 2026) |
| Share of deal balance | 0.1% |
| Interest rate at origination | 7.25% |
| Current interest rate | 7.25% |
| Origination date | 10-01-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | BSPRT, Rialto |
| 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 |