Kilambi News
Monday, October 19, 2026

BBCMS Mortgage Trust 2025-C35: loan annex

Page built October 19, 2026

Loan detail for BBCMS Mortgage Trust 2025-C35.

Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-13

← BBCMS Mortgage Trust 2025-C35 · CMBS market

Detail sections for the 22 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.

CorePharma Portfolio (and 1 more properties)

PropertyCorePharma Portfolio (and 1 more properties)
Address245-249 Wagner Street; 49 Napolean Court; Middlesex, NJ (and 1 more) 8846
Property typeIndustrial
Units, beds or keysnot yet reported
Net rentable square feetnot yet reported
Year built1982
Year last renovated2019
Original balance$20.0M
Current balance$20.0M (September 2026)
Share of deal balance2.5%
Interest rate at origination7.30%
Current interest rate7.30%
Origination date03-05-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-03-06
Prepayment lockout end12-05-2034
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorUBS AG
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$35.7M02-03-2025MAI
Most recent reportednot yet reportednot yet reported["MAI", "MAI"]

Largest tenants

TenantSquare feetLease expiration
CorePharma, LLCnot yet reported["02-28-2038", "02-28-2038"]

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

Menlo Center

PropertyMenlo Center
Address1010 El Camino Real; Menlo Park, CA 94025
Property typeMixed use
Units, beds or keysnot yet reported
Net rentable square feet53,807
Year built1989
Year last renovatednot yet reported
Original balance$18.0M
Current balance$18.0M (September 2026)
Share of deal balance2.3%
Interest rate at origination6.60%
Current interest rate6.60%
Origination date05-22-2025
Original term120 months
Amortization term360 months
Interest-only period60 months
Scheduled maturity2035-06-06
Prepayment lockout end03-05-2035
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorStarwood Mortgage Capital LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$59.9M03-31-2025MAI
Most recent reported$59.9M2025-03-31MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

TenantSquare feetLease expiration
Analysis Group16,96912-31-2028
Juniper Hill Capital Mgmt LP6,45710-31-2027
Kepler's 20206,44008-31-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$4.9M
Operating expenses$1.7M
Net operating income$3.2M
Net cash flow$3.1M
DSCR (net cash flow)2.59
DSCR (net operating income)2.64
Occupancy81%
Servicer advances outstanding$0

Beltramo Office

PropertyBeltramo Office
Address1460 El Camino Real; Menlo Park, CA 94025
Property typeOffice
Units, beds or keysnot yet reported
Net rentable square feet26,927
Year built2014
Year last renovatednot yet reported
Original balance$16.1M
Current balance$16.1M (September 2026)
Share of deal balance2.0%
Interest rate at origination6.14%
Current interest rate6.14%
Origination date05-27-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-06-06
Prepayment lockout end12-05-2034
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorGerman American Capital Corporation
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$40.3M04-01-2025MAI
Most recent reported$40.3M2025-04-01MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

TenantSquare feetLease expiration
A&O Shearman Stering13,38605-31-2029
USVP Management9,30603-31-2031
Lawyers Title Company4,23506-30-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$3.6M
Operating expenses$737,221
Net operating income$2.9M
Net cash flow$2.9M
DSCR (net cash flow)2.88
DSCR (net operating income)2.89
Occupancy100%
Servicer advances outstanding$0

Natson Hotel Portfolio (and 1 more properties)

PropertyNatson Hotel Portfolio (and 1 more properties)
Address520 Holiday Circle; 1000 Linnenkohl Drive; Forsyth, GA (and 1 more) 31029
Property typeLodging
Units, beds or keys["119", "90"]
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovated["2015", "2022"]
Original balance$16.0M
Current balance$16.0M (September 2026)
Share of deal balance2.0%
Interest rate at origination7.09%
Current interest rate7.09%
Origination date06-05-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-06-06
Prepayment lockout end03-05-2035
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorBarclays Capital Real Estate Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$30.1M03-31-2025MAI
Most recent reportednot yet reportednot yet reported["MAI", "MAI"]

Latest financials

Financial period end (latest)06-30-2026
Revenue$5.5M
Operating expenses$3.6M
Net operating income$1.9M
Net cash flow$1.7M
DSCR (net cash flow)1.46
DSCR (net operating income)1.65
Occupancy68%
Servicer advances outstanding$0

Crown Valley Center

PropertyCrown Valley Center
Address27680, 27640 & 27660 Marguerite Parkway; Mission Viejo, CA 92692
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet42,367
Year built1992
Year last renovatednot yet reported
Original balance$14.0M
Current balance$14.0M (September 2026)
Share of deal balance1.8%
Interest rate at origination7.02%
Current interest rate7.02%
Origination date06-18-2025
Original term120 months
Amortization term360 months
Interest-only period36 months
Scheduled maturity2035-07-06
Prepayment lockout end04-05-2035
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorStarwood Mortgage Capital LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$27.9M04-05-2025MAI
Most recent reported$27.9M2025-04-05MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

TenantSquare feetLease expiration
DaVita, Inc.10,00008-02-2028
Palm Beach Tan3,50007-31-2029
Pho the Bowl (3)3,30008-31-2030

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$2.3M
Operating expenses$594,909
Net operating income$1.7M
Net cash flow$1.7M
DSCR (net cash flow)1.70
DSCR (net operating income)1.73
Occupancy93%
Servicer advances outstanding$0

340 Mount Kemble

Property340 Mount Kemble
Address340 Mount Kemble Avenue; Morristown, NJ 7960
Property typeOffice
Units, beds or keysnot yet reported
Net rentable square feet439,059
Year built1982
Year last renovated2021
Original balance$13.9M
Current balance$13.9M (September 2026)
Share of deal balance1.8%
Interest rate at origination6.94%
Current interest rate6.94%
Origination date01-21-2025
Original term120 months
Amortization term272 months
Interest-only period53 months
Scheduled maturity2035-02-01
Prepayment lockout end08-31-2027
Yield maintenance end07-31-2034
ServicerMidland
Loan servicernot yet reported
OriginatorSociété Générale Financial Corporation
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$118.1M10-02-2024MAI
Most recent reported$118.1M2024-10-02MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

TenantSquare feetLease expiration
First- Citizens Bank & Trust Company220,62805-31-2036
Morgan Stanley Smith Barney Financing LLC.116,57805-31-2038
Zelis Healthcare, LLC53,29505-31-2036

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$15.3M
Operating expenses$5.1M
Net operating income$10.1M
Net cash flow$10.0M
DSCR (net cash flow)1.96
DSCR (net operating income)1.98
Occupancy100%
Servicer advances outstanding$0

University Gardens

PropertyUniversity Gardens
Address1151 East 100 South; Salt Lake City, UT 84102
Property typeMultifamily
Units, beds or keys193
Net rentable square feetnot yet reported
Year built1947
Year last renovated2017
Original balance$12.8M
Current balance$12.8M (September 2026)
Share of deal balance1.6%
Interest rate at origination4.84%
Current interest rate4.84%
Origination date06-24-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-07-06
Prepayment lockout end03-05-2035
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorStarwood Mortgage Capital LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$26.2M04-02-2025MAI
Most recent reported$26.2M2025-04-02MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

Monticello Meadows Apartments

PropertyMonticello Meadows Apartments
Address81-91 Shaker Heights Drive; Monticello, NY 12701
Property typeMultifamily
Units, beds or keys176
Net rentable square feetnot yet reported
Year built1970
Year last renovatednot yet reported
Original balance$12.0M
Current balance$12.0M (September 2026)
Share of deal balance1.5%
Interest rate at origination7.12%
Current interest rate7.12%
Origination date06-09-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-07-06
Prepayment lockout end04-05-2035
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorStarwood Mortgage Capital LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$19.3M04-28-2025MAI
Most recent reported$19.3M2025-04-28MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

1550 Broadway

Property1550 Broadway
Address1550 Broadway; New York, NY 10036
Property typeMixed use
Units, beds or keysnot yet reported
Net rentable square feet5,600
Year built1939
Year last renovatednot yet reported
Original balance$11.7M
Current balance$11.7M (September 2026)
Share of deal balance1.5%
Interest rate at origination6.56%
Current interest rate6.56%
Origination date05-22-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-06-06
Prepayment lockout endnot yet reported
Yield maintenance end02-05-2035
ServicerMidland
Loan servicernot yet reported
OriginatorDBR Investments Co. Limited
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$42.5M02-25-2025MAI
Most recent reported$42.5M2025-02-25MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

TenantSquare feetLease expiration
Matin & 166 W 465,60012-31-2034

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$4.3M
Operating expenses$1.5M
Net operating income$2.8M
Net cash flow$2.8M
DSCR (net cash flow)3.61
DSCR (net operating income)3.62
Occupancy100%
Servicer advances outstanding$0

46 & 47 Mercer Street

Property46 & 47 Mercer Street
Address46 and 47 Mercer Street; Jersey City, NJ 07302
Property typeMultifamily
Units, beds or keys28
Net rentable square feetnot yet reported
Year built1870
Year last renovatednot yet reported
Original balance$11.3M
Current balance$11.3M (September 2026)
Share of deal balance1.4%
Interest rate at origination6.54%
Current interest rate6.54%
Origination date06-18-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-07-06
Prepayment lockout end07-05-2027
Yield maintenance end01-05-2035
ServicerMidland
Loan servicernot yet reported
OriginatorLMF Commercial, LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$16.9M04-13-2025MAI
Most recent reported$16.9M2025-04-13MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

Mills Pointe

PropertyMills Pointe
Address2810 E. Trinity Mills Road; Carrollton, TX 75006
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet112,574
Year built1985
Year last renovated2016
Original balance$10.3M
Current balance$10.3M (September 2026)
Share of deal balance1.3%
Interest rate at origination6.93%
Current interest rate6.93%
Origination date06-20-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-07-06
Prepayment lockout end01-05-2035
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorUBS AG
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$19.6M05-14-2025MAI
Most recent reported$19.6M2025-05-14MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

TenantSquare feetLease expiration
NFD Operating LLC [Fitness Connection]52,68803-31-2030
Lin's Asian Buffet9,47112-31-2028
Dance Institute of Dallas5,50002-28-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$1.9M
Operating expenses$943,104
Net operating income$956,352
Net cash flow$836,898
DSCR (net cash flow)1.16
DSCR (net operating income)1.33
Occupancy100%
Servicer advances outstanding$0

Plaza El Toro

PropertyPlaza El Toro
Address23330 - 23402 El Toro Road 24842 - 24882 Muirlands Boulevard; Lake Forest, CA 92630
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet53,239
Year built1973
Year last renovated2002
Original balance$9.0M
Current balance$9.0M (September 2026)
Share of deal balance1.1%
Interest rate at origination6.58%
Current interest rate6.58%
Origination date06-04-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-06-06
Prepayment lockout end02-05-2035
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorGerman American Capital Corporation
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$19.6M03-21-2025MAI
Most recent reported$19.6M2025-03-21MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

TenantSquare feetLease expiration
Aldi23,80003-31-2033
Tula Market3,42806-30-2030
House of Cedar2,80002-28-2036

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

Golden State Storage - Oak Avenue

PropertyGolden State Storage - Oak Avenue
Address26825 Oak Avenue; Santa Clarita, CA 91351
Property typeSelf storage
Units, beds or keysnot yet reported
Net rentable square feet70,400
Year built1987
Year last renovatednot yet reported
Original balance$9.0M
Current balance$8.8M (September 2026)
Share of deal balance1.1%
Interest rate at origination6.44%
Current interest rate6.44%
Origination date06-20-2025
Original term120 months
Amortization term300 months
Interest-only periodnot yet reported
Scheduled maturity2035-07-06
Prepayment lockout end04-05-2035
Yield maintenance endnot yet reported
ServicerBerkadia
Loan servicernot yet reported
OriginatorStarwood Mortgage Capital LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$14.8M04-03-2025MAI
Most recent reported$14.8M2025-04-03MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)06-30-2026
Revenue$1.4M
Operating expenses$652,718
Net operating income$752,245
Net cash flow$745,205
DSCR (net cash flow)1.03
DSCR (net operating income)1.04
Occupancy89%
Servicer advances outstanding$0

87th Street Retail

Property87th Street Retail
Address111-125 W 87th Street; Chicago, IL 60620
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet123,175
Year built1974
Year last renovated2021
Original balance$8.7M
Current balance$8.7M (September 2026)
Share of deal balance1.1%
Interest rate at origination6.68%
Current interest rate6.68%
Origination date06-20-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-07-06
Prepayment lockout end03-05-2035
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorGerman American Capital Corporation
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$13.9M01-07-2025MAI
Most recent reported$13.9M2025-01-07MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

TenantSquare feetLease expiration
Floor and Door75,59903-31-2032
Rainbow Shops #28713,77001-31-2031
Beauty One12,61802-28-2031

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$2.6M
Operating expenses$1.2M
Net operating income$1.4M
Net cash flow$1.3M
DSCR (net cash flow)2.20
DSCR (net operating income)2.39
Occupancy100%
Servicer advances outstanding$0

Hampton Heights Portfolio

PropertyHampton Heights Portfolio
Address4938-4948 West Hampton Ave; Milwaukee, WI 53218
Property typeMultifamily
Units, beds or keys81
Net rentable square feetnot yet reported
Year built1957
Year last renovated2018
Original balance$8.7M
Current balance$8.6M (September 2026)
Share of deal balance1.1%
Interest rate at origination7.32%
Current interest rate7.32%
Origination date05-22-2025
Original term120 months
Amortization term360 months
Interest-only periodnot yet reported
Scheduled maturity2035-06-01
Prepayment lockout end05-31-2028
Yield maintenance end02-28-2035
ServicerMidland
Loan servicernot yet reported
OriginatorSociété Générale Financial Corporation
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$15.1M04-24-2025MAI
Most recent reported$15.1M2025-04-24MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)06-30-2026
Revenue$1.2M
Operating expenses$281,666
Net operating income$967,081
Net cash flow$941,809
DSCR (net cash flow)1.31
DSCR (net operating income)1.34
Occupancy100%
Servicer advances outstanding$0

Silver Swan Portfolio

PropertySilver Swan Portfolio
Address5267 N 90th Street; Milwaukee, WI 53225
Property typeMultifamily
Units, beds or keys74
Net rentable square feetnot yet reported
Year built1957
Year last renovated2012
Original balance$8.2M
Current balance$8.1M (September 2026)
Share of deal balance1.0%
Interest rate at origination7.25%
Current interest rate7.25%
Origination date05-20-2025
Original term120 months
Amortization term360 months
Interest-only periodnot yet reported
Scheduled maturity2035-06-01
Prepayment lockout end05-31-2028
Yield maintenance end02-28-2035
ServicerMidland
Loan servicernot yet reported
OriginatorSociété Générale Financial Corporation
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$14.1M04-24-2025MAI
Most recent reported$14.1M2025-04-24MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

2839 W Atkinson

Property2839 W Atkinson
Address2839 W Atkinson Ave; Milwaukee, WI 53209
Property typeMultifamily
Units, beds or keys68
Net rentable square feetnot yet reported
Year built1928
Year last renovated2023
Original balance$7.1M
Current balance$7.1M (September 2026)
Share of deal balance0.9%
Interest rate at origination7.17%
Current interest rate7.17%
Origination date05-08-2025
Original term120 months
Amortization term360 months
Interest-only periodnot yet reported
Scheduled maturity2035-06-01
Prepayment lockout end05-31-2028
Yield maintenance end02-28-2035
ServicerMidland
Loan servicernot yet reported
OriginatorSociété Générale Financial Corporation
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$12.1M04-11-2025MAI
Most recent reported$12.1M2025-04-11MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

Lindham Court

PropertyLindham Court
Address1101 Lindham Court; Mechanicsburg, PA 17055
Property typeMultifamily
Units, beds or keys96
Net rentable square feetnot yet reported
Year built1988
Year last renovatednot yet reported
Original balance$5.7M
Current balance$5.7M (September 2026)
Share of deal balance0.7%
Interest rate at origination6.85%
Current interest rate6.85%
Origination date05-29-2025
Original term120 months
Amortization term360 months
Interest-only period24 months
Scheduled maturity2035-06-06
Prepayment lockout end12-05-2034
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorLMF Commercial, LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$15.2M03-24-2025MAI
Most recent reported$15.2M2025-03-24MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)06-30-2026
Revenue$1.4M
Operating expenses$845,122
Net operating income$553,154
Net cash flow$524,546
DSCR (net cash flow)1.34
DSCR (net operating income)1.41
Occupancy79%
Servicer advances outstanding$0

FedEx Ground Alexandria

PropertyFedEx Ground Alexandria
Address530 Vandenburg Drive; Alexandria, LA 71303
Property typeWarehouse
Units, beds or keysnot yet reported
Net rentable square feet83,443
Year built2015
Year last renovatednot yet reported
Original balance$5.5M
Current balance$5.5M (September 2026)
Share of deal balance0.7%
Interest rate at origination7.40%
Current interest rate7.40%
Origination date06-26-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-07-06
Prepayment lockout end04-05-2035
Yield maintenance endnot yet reported
ServicerNorthmarq
Loan servicernot yet reported
OriginatorBarclays Capital Real Estate Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$10.0M05-23-2025MAI
Most recent reported$10.0M2025-05-23MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

TenantSquare feetLease expiration
FedEx Ground Package System, Inc83,44305-30-2030

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$933,229
Operating expenses$200,917
Net operating income$732,312
Net cash flow$698,935
DSCR (net cash flow)1.70
DSCR (net operating income)1.78
Occupancy100%
Servicer advances outstanding$0

PrimeWest Warehouse

PropertyPrimeWest Warehouse
Address1920 Primewest Park Way 21130 Echelon Drive; Katy, TX 77449
Property typeWarehouse
Units, beds or keysnot yet reported
Net rentable square feet37,168
Year built2022
Year last renovatednot yet reported
Original balance$5.0M
Current balance$5.0M (September 2026)
Share of deal balance0.6%
Interest rate at origination6.75%
Current interest rate6.75%
Origination date06-02-2025
Original term120 months
Amortization termnot yet reported
Interest-only period120 months
Scheduled maturity2035-06-06
Prepayment lockout end06-05-2026
Yield maintenance end12-05-2034
ServicerMidland
Loan servicernot yet reported
OriginatorLMF Commercial, LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$7.7M03-26-2025MAI
Most recent reported$7.7M2025-03-26MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

TenantSquare feetLease expiration
Truck King4,25001-31-2029
Solar Pros3,75011-30-2027
CadTech USA2,16810-31-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)03-31-2026
Revenue$147,185
Operating expenses$44,150
Net operating income$103,035
Net cash flow$96,995
DSCR (net cash flow)1.12
DSCR (net operating income)1.19
Occupancy100%
Servicer advances outstanding$0

Golden State Storage - Tropicana

PropertyGolden State Storage - Tropicana
Address4888 East Tropicana Avenue; Las Vegas, NV 89121
Property typeSelf storage
Units, beds or keys803
Net rentable square feet77,175
Year built1998
Year last renovatednot yet reported
Original balance$5.0M
Current balance$4.9M (September 2026)
Share of deal balance0.6%
Interest rate at origination6.44%
Current interest rate6.44%
Origination date06-20-2025
Original term120 months
Amortization term300 months
Interest-only periodnot yet reported
Scheduled maturity2035-07-06
Prepayment lockout end04-05-2035
Yield maintenance endnot yet reported
ServicerBerkadia
Loan servicernot yet reported
OriginatorStarwood Mortgage Capital LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$11.6M04-02-2025MAI
Most recent reported$11.6M2025-04-02MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)06-30-2026
Revenue$957,605
Operating expenses$520,528
Net operating income$437,077
Net cash flow$432,446
DSCR (net cash flow)1.07
DSCR (net operating income)1.09
Occupancy84%
Servicer advances outstanding$0

740 West End Avenue (and 12 more properties)

Property740 West End Avenue (and 12 more properties)
Address740 West End Avenue; 217 East 22nd Street; 106 East 7th Street; 328 East 89th Street; 327 East 89th Street; 640 East 14th Street; 239 East 33rd Street; 638 East 14th Street; 426 East 77th Street; 67 Saint Marks Place; 326 East 89th Street; 237 East 33rd Street; 324 East 89th Street; New York, NY (and 12 more) 10025
Property typeMultifamily
Units, beds or keys["107", "35", "12", "10", "10", "20", "19", "40", "15", "10", "10", "10", "10"]
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovated["2025", "2023", "1957"]
Original balance$1.0M
Current balance$975,012 (September 2026)
Share of deal balance0.1%
Interest rate at origination5.39%
Current interest rate5.39%
Origination date05-01-2025
Original term120 months
Amortization term300 months
Interest-only periodnot yet reported
Scheduled maturity2035-05-01
Prepayment lockout end06-30-2027
Yield maintenance end11-30-2034
ServicerMidland
Loan servicernot yet reported
OriginatorJPMorgan Chase Bank, National Association
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$135.0M03-11-2025MAI
Most recent reportednot yet reportednot yet reported["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"]

Latest financials

Financial period end (latest)["06-30-2026", "06-30-2026", "06-30-2026", "06-30-2026", "06-30-2026", "06-30-2026", "06-30-2026", "06-30-2026", "06-30-2026", "06-30-2026", "06-30-2026", "06-30-2026"]
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0