BBCMS Mortgage Trust 2025-C39: loan annex
Page built October 19, 2026
Loan detail for BBCMS Mortgage Trust 2025-C39.
Data as of loan data through September 2026
← BBCMS Mortgage Trust 2025-C39 · 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.
Broadstone Plaza II
| Property | Broadstone Plaza II |
| Address | 2779-2799 East Bidwell Street; Folsom, CA 95630 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 118,334 |
| Year built | 2002 |
| Year last renovated | not yet reported |
| Original balance | $24.0M |
| Current balance | $24.0M (September 2026) |
| Share of deal balance | 3.0% |
| Interest rate at origination | 6.70% |
| Current interest rate | 6.70% |
| Origination date | 08-06-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-08-06 |
| Prepayment lockout end | 04-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Zions Bancorporation, N.A. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $3.4M |
| Operating expenses | $904,005 |
| Net operating income | $2.5M |
| Net cash flow | $2.4M |
| DSCR (net cash flow) | 1.46 |
| DSCR (net operating income) | 1.53 |
| Occupancy | 99% |
| Servicer advances outstanding | $0 |
Sani East Village 2-Pack
| Property | Sani East Village 2-Pack |
| Address | 211-213 1st Avenue; New York, NY 10003 |
| Property type | Multifamily |
| Units, beds or keys | 24 |
| Net rentable square feet | not yet reported |
| Year built | 1900 |
| Year last renovated | 2023 |
| Original balance | $20.0M |
| Current balance | $20.0M (September 2026) |
| Share of deal balance | 2.5% |
| Interest rate at origination | 6.03% |
| Current interest rate | 6.03% |
| Origination date | 10-17-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-11-06 |
| Prepayment lockout end | 05-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $2.4M |
| Operating expenses | $492,813 |
| Net operating income | $1.9M |
| Net cash flow | $1.9M |
| DSCR (net cash flow) | 1.57 |
| DSCR (net operating income) | 1.58 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
H-Mart Town Center
| Property | H-Mart Town Center |
| Address | 1105 & 1201 East Parker Road 3320 & 3420 K Avenue; Plano, TX 75074 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 211,718 |
| Year built | 1986 |
| Year last renovated | not yet reported |
| Original balance | $19.9M |
| Current balance | $19.9M (September 2026) |
| Share of deal balance | 2.5% |
| Interest rate at origination | 5.55% |
| Current interest rate | 5.55% |
| Origination date | 10-31-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-11-06 |
| Prepayment lockout end | 08-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
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 | $880,504 |
| Net operating income | $2.8M |
| Net cash flow | $2.6M |
| DSCR (net cash flow) | 2.34 |
| DSCR (net operating income) | 2.47 |
| Occupancy | 95% |
| Servicer advances outstanding | $0 |
Raytheon Aurora
| Property | Raytheon Aurora |
| Address | 16800 East Centretech Parkway; Aurora, CO 80011 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 215,000 |
| Year built | 1987 |
| Year last renovated | 2014 |
| Original balance | $20.5M |
| Current balance | $19.8M (September 2026) |
| Share of deal balance | 2.5% |
| Interest rate at origination | 6.75% |
| Current interest rate | 6.75% |
| Origination date | 09-25-2025 |
| Original term | 120 months |
| Amortization term | 180 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2035-10-06 |
| Prepayment lockout end | 06-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
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 | $155,897 |
| Net operating income | $2.5M |
| Net cash flow | $2.5M |
| DSCR (net cash flow) | 1.14 |
| DSCR (net operating income) | 1.16 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
PGA Financial Plaza
| Property | PGA Financial Plaza |
| Address | 3399 PGA Boulevard; Palm Beach Gardens, FL 33410 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 72,612 |
| Year built | 1998 |
| Year last renovated | 2011 |
| Original balance | $17.0M |
| Current balance | $17.0M (September 2026) |
| Share of deal balance | 2.1% |
| Interest rate at origination | 6.36% |
| Current interest rate | 6.36% |
| Origination date | 10-01-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-10-06 |
| Prepayment lockout end | 04-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
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 |
Security Public Storage - Richmond
| Property | Security Public Storage - Richmond |
| Address | 801 Madeline Road; Richmond, CA 94806 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 104,337 |
| Year built | 2000 |
| Year last renovated | not yet reported |
| Original balance | $15.8M |
| Current balance | $15.8M (September 2026) |
| Share of deal balance | 2.0% |
| Interest rate at origination | 5.85% |
| Current interest rate | 5.85% |
| Origination date | 10-02-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2035-10-06 |
| Prepayment lockout end | 11-05-2026 |
| Yield maintenance end | 04-05-2035 |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
Wentzville Bend
| Property | Wentzville Bend |
| Address | 1600, 1570, 1530 Wentzville Parkway 1510 and 1540 Wentzville Parkway; Wentzville, MO 63385 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 56,076 |
| Year built | 2022 |
| Year last renovated | not yet reported |
| Original balance | $13.4M |
| Current balance | $13.4M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 6.64% |
| Current interest rate | 6.64% |
| Origination date | 11-14-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-12-06 |
| Prepayment lockout end | 01-05-2028 |
| Yield maintenance end | 09-05-2035 |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
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 |
Security Public Storage Herndon
| Property | Security Public Storage Herndon |
| Address | 385 Spring St 303 Victory Drive; Herndon, VA 20170 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 82,168 |
| Year built | 1985 |
| Year last renovated | not yet reported |
| Original balance | $11.5M |
| Current balance | $11.5M (September 2026) |
| Share of deal balance | 1.4% |
| Interest rate at origination | 5.97% |
| Current interest rate | 5.97% |
| Origination date | 10-02-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2035-10-06 |
| Prepayment lockout end | 11-05-2026 |
| Yield maintenance end | 04-05-2035 |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
Magnolia Park
| Property | Magnolia Park |
| Address | 529 West Bypass NW 529 West Camous Dr; Milledgeville, GA 31061 |
| Property type | Multifamily |
| Units, beds or keys | 449 |
| Net rentable square feet | not yet reported |
| Year built | 2006 |
| Year last renovated | 2025 |
| Original balance | $11.5M |
| Current balance | $11.4M (September 2026) |
| Share of deal balance | 1.4% |
| Interest rate at origination | 6.00% |
| Current interest rate | 6.00% |
| Origination date | 09-30-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2035-10-06 |
| Prepayment lockout end | 04-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $4.1M |
| Operating expenses | $1.7M |
| Net operating income | $2.4M |
| Net cash flow | $2.3M |
| DSCR (net cash flow) | 2.80 |
| DSCR (net operating income) | 2.88 |
| Occupancy | 76% |
| Servicer advances outstanding | $0 |
Rentar Plaza
| Property | Rentar Plaza |
| Address | 66-26 Metropolitan Avenue; Queens, NY 11379 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,534,964 |
| Year built | 1973 |
| Year last renovated | 2025 |
| Original balance | $11.0M |
| Current balance | $11.0M (September 2026) |
| Share of deal balance | 1.4% |
| Interest rate at origination | 5.58% |
| Current interest rate | 5.58% |
| Origination date | 06-26-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-07-06 |
| Prepayment lockout end | 03-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 1.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $10.9M |
| Operating expenses | $5.9M |
| Net operating income | $5.0M |
| Net cash flow | $4.5M |
| DSCR (net cash flow) | 1.99 |
| DSCR (net operating income) | 2.21 |
| Occupancy | 99% |
| Servicer advances outstanding | $0 |
Governor Crossing
| Property | Governor Crossing |
| Address | 212 Collier Drive; Sevierville, TN 37862 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 140,568 |
| Year built | 1998 |
| Year last renovated | not yet reported |
| Original balance | $9.5M |
| Current balance | $9.5M (September 2026) |
| Share of deal balance | 1.2% |
| Interest rate at origination | 6.08% |
| Current interest rate | 6.08% |
| Origination date | 11-21-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-12-06 |
| Prepayment lockout end | 08-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
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 |
Security Public Storage Vacaville
| Property | Security Public Storage Vacaville |
| Address | 1090 Leisure Town Road; Vacaville, CA 95687 |
| Property type | Self storage |
| Units, beds or keys | 486 |
| Net rentable square feet | 65,675 |
| Year built | 1993 |
| Year last renovated | not yet reported |
| Original balance | $8.7M |
| Current balance | $8.7M (September 2026) |
| Share of deal balance | 1.1% |
| Interest rate at origination | 5.98% |
| Current interest rate | 5.98% |
| Origination date | 09-03-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2035-09-06 |
| Prepayment lockout end | 10-05-2026 |
| Yield maintenance end | 03-05-2035 |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
Century Self Storage Sebring
| Property | Century Self Storage Sebring |
| Address | 9200 U.S. Highway 27 South; SEBRING, FL 33876 |
| Property type | Self storage |
| Units, beds or keys | 837 |
| Net rentable square feet | 78,375 |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $7.2M |
| Current balance | $7.2M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 6.05% |
| Current interest rate | 6.05% |
| Origination date | 10-03-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-10-06 |
| Prepayment lockout end | 07-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $1.1M |
| Operating expenses | $401,049 |
| Net operating income | $664,670 |
| Net cash flow | $656,158 |
| DSCR (net cash flow) | 1.48 |
| DSCR (net operating income) | 1.49 |
| Occupancy | 74% |
| Servicer advances outstanding | $0 |
New York Plaza
| Property | New York Plaza |
| Address | 1909-1915 E Park Row Drive; Arlington, TX 76010 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 93,799 |
| Year built | 1965 |
| Year last renovated | not yet reported |
| Original balance | $5.5M |
| Current balance | $5.5M (September 2026) |
| Share of deal balance | 0.7% |
| Interest rate at origination | 6.21% |
| Current interest rate | 6.21% |
| Origination date | 08-01-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-08-06 |
| Prepayment lockout end | 05-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $1.2M |
| Operating expenses | $277,148 |
| Net operating income | $907,718 |
| Net cash flow | $866,169 |
| DSCR (net cash flow) | 2.50 |
| DSCR (net operating income) | 2.62 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Woodridge Mini Storage
| Property | Woodridge Mini Storage |
| Address | 2088 Allen Road; Greenville, NC 27834 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 74,311 |
| Year built | 1994 |
| Year last renovated | 2008 |
| Original balance | $5.3M |
| Current balance | $5.3M (September 2026) |
| Share of deal balance | 0.7% |
| Interest rate at origination | 6.48% |
| Current interest rate | 6.48% |
| Origination date | 09-11-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-09-06 |
| Prepayment lockout end | 06-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Berkadia |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
Honolulu Fbi Office
| Property | Honolulu Fbi Office |
| Address | 91-1300 Enterprise Street; Kapolei, HI 96707 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 150,365 |
| Year built | 2011 |
| 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 | 07-01-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-07-06 |
| Prepayment lockout end | 03-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Goldman Sachs Bank USA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
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 |
Thorn Run Crossing
| Property | Thorn Run Crossing |
| Address | 1132 - 1136 Thorn Run Road; Coraopolis, PA 15108 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 49,234 |
| Year built | 1990 |
| Year last renovated | not yet reported |
| Original balance | $4.4M |
| Current balance | $4.4M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 7.01% |
| Current interest rate | 7.01% |
| Origination date | 10-31-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 60 months |
| Scheduled maturity | 2035-11-06 |
| Prepayment lockout end | 05-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Goldman Sachs Bank USA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
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 |
Security Public Storage Roseville
| Property | Security Public Storage Roseville |
| Address | 715 Cirby Way; Roseville, CA 95678 |
| Property type | Self storage |
| Units, beds or keys | 432 |
| Net rentable square feet | 42,960 |
| Year built | 1986 |
| 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 | 5.93% |
| Current interest rate | 5.93% |
| Origination date | 09-02-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2035-09-06 |
| Prepayment lockout end | 10-05-2026 |
| Yield maintenance end | 03-05-2035 |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
Security Public Storage Sacramento II
| Property | Security Public Storage Sacramento II |
| Address | 6310 Stockton Blvd; Sacramento, CA 95824 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 41,250 |
| Year built | 1986 |
| Year last renovated | not yet reported |
| Original balance | $3.7M |
| Current balance | $3.7M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 5.98% |
| Current interest rate | 5.98% |
| Origination date | 09-02-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2035-09-06 |
| Prepayment lockout end | 10-05-2026 |
| Yield maintenance end | 03-05-2035 |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
Olive Branch
| Property | Olive Branch |
| Address | 6985 Wilmington Road; Oregonia, OH 45054 |
| Property type | Manufactured housing |
| Units, beds or keys | 138 |
| Net rentable square feet | not yet reported |
| Year built | 1978 |
| Year last renovated | 2025 |
| Original balance | $3.4M |
| Current balance | $3.4M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 6.39% |
| Current interest rate | 6.39% |
| Origination date | 09-11-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-09-06 |
| Prepayment lockout end | 06-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Berkadia |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
L&M MHP
| Property | L&M MHP |
| Address | 1804 West 18th Street; Sault Sainte Marie, MI 49783 |
| Property type | Manufactured housing |
| Units, beds or keys | 154 |
| Net rentable square feet | not yet reported |
| Year built | 1960 |
| Year last renovated | not yet reported |
| Original balance | $3.2M |
| Current balance | $3.2M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 7.03% |
| Current interest rate | 7.03% |
| Origination date | 11-21-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-12-06 |
| Prepayment lockout end | 08-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Service |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
A Safe Storage
| Property | A Safe Storage |
| Address | 1333 Main Street; Chipley, FL 32428 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 41,680 |
| Year built | 2004 |
| Year last renovated | not yet reported |
| Original balance | $3.2M |
| Current balance | $3.2M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 6.39% |
| Current interest rate | 6.39% |
| Origination date | 09-11-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-09-06 |
| Prepayment lockout end | 06-05-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Berkadia |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |