Kilambi News
Monday, October 19, 2026

BBCMS Mortgage Trust 2026-5C40: loan annex

Page built October 19, 2026

Loan detail for BBCMS Mortgage Trust 2026-5C40.

Data as of loan data through September 2026

← BBCMS Mortgage Trust 2026-5C40 · CMBS market

Detail sections for the 33 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.

2000 Corporate Center

Property2000 Corporate Center
Address2000 Corporate Center Drive; Thousand Oaks, CA 91320
Property typeIndustrial
Units, beds or keysnot yet reported
Net rentable square feet105,215
Year built1986
Year last renovated2023
Original balance$23.4M
Current balance$23.4M (September 2026)
Share of deal balance2.8%
Interest rate at origination0.06%
Current interest rate6.23%
Origination date12-29-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end02-05-2028
Yield maintenance end10-05-2030
ServicerMidland
Loan servicernot yet reported
OriginatorArgentic Real Estate Finance 2 LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$36.2M11-24-2025MAI
Most recent reported$36.2M2025-11-24MAI

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

Largest tenants

TenantSquare feetLease expiration
ALE USA55,21504-30-2033
Tesla50,00009-30-2033

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

Latest financials

Financial period end (latest)06-30-2026
Revenue$3.4M
Operating expenses$643,669
Net operating income$2.7M
Net cash flow$2.6M
DSCR (net cash flow)1.75
DSCR (net operating income)1.84
Occupancynot yet reported
Servicer advances outstanding$0

1700 South Santa Fe

Property1700 South Santa Fe
Address1700 South Santa Fe Avenue; Los Angeles, CA 90021
Property typeMixed use
Units, beds or keysnot yet reported
Net rentable square feet182,005
Year built1923
Year last renovated2019
Original balance$23.1M
Current balance$23.1M (September 2026)
Share of deal balance2.8%
Interest rate at origination0.07%
Current interest rate6.55%
Origination date10-31-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-11-06
Prepayment lockout end05-05-2030
Yield maintenance endnot yet reported
ServicerBerkadia
Loan servicernot yet reported
OriginatorArgentic Real Estate Finance 2 LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$37.7M09-29-2025MAI
Most recent reported$37.7M2025-09-29MAI

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

Largest tenants

TenantSquare feetLease expiration
Susanne Vielmetter32,10004-20-2029
Warren Lotas, LLC18,32408-14-2026
Kontainer Gallery, Inc d/b/a Nicodim Gallery15,75507-31-2029

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

2730 Wilshire

Property2730 Wilshire
Address2730 Wilshire Boulevard; Santa Monica, CA 90403
Property typeOffice
Units, beds or keysnot yet reported
Net rentable square feet60,517
Year built1985
Year last renovated2024
Original balance$22.1M
Current balance$22.1M (September 2026)
Share of deal balance2.7%
Interest rate at origination0.06%
Current interest rate6.40%
Origination date12-30-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end07-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorArgentic Real Estate Finance 2 LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$40.5M10-31-2025MAI
Most recent reported$40.5M2025-10-31MAI

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

Largest tenants

TenantSquare feetLease expiration
Matrix Physical Therapy4,05005-31-2027
Imagen Santa Monica Bay Dental Support Services, LLC3,91605-31-2028
Joseph Lebovic M.D.(LSG Imaging)3,01609-30-2028

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

Cleveland Dual Brand Hotel

PropertyCleveland Dual Brand Hotel
Address6001 Rockside Road 6125 Rockside Place; Independence, OH 44131
Property typeLodging
Units, beds or keys345
Net rentable square feetnot yet reported
Year built1974
Year last renovated2024
Original balance$21.0M
Current balance$20.9M (September 2026)
Share of deal balance2.5%
Interest rate at origination0.08%
Current interest rate8.31%
Origination date12-23-2025
Original term60 months
Amortization term360 months
Interest-only periodnot yet reported
Scheduled maturity2031-01-06
Prepayment lockout end07-05-2030
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$31.0M10-17-2025MAI
Most recent reported$31.0M2025-10-17MAI

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

Amazon LAX

PropertyAmazon LAX
Address9785 S Bellanca Avenue; Los Angeles, CA 90045
Property typeIndustrial
Units, beds or keysnot yet reported
Net rentable square feet703,728
Year built2025
Year last renovatednot yet reported
Original balance$20.0M
Current balance$20.0M (September 2026)
Share of deal balance2.4%
Interest rate at origination0.06%
Current interest rate5.51%
Origination date11-07-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-12-06
Prepayment lockout end06-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorGoldman Sachs Bank USA
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$216.2M09-10-2025MAI
Most recent reported$216.2M2025-09-10MAI

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

Largest tenants

TenantSquare feetLease expiration
Amazon.com Services LLC141,36005-31-2039
New Cingular Wireless PCS, LLC84007-31-2026
Los Angeles SMSA Limited Partnership61309-30-2039

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

Latest financials

Financial period end (latest)03-31-2026
Revenue$3.4M
Operating expenses$557,069
Net operating income$2.8M
Net cash flow$2.8M
DSCR (net cash flow)1.71
DSCR (net operating income)1.73
Occupancy100%
Servicer advances outstanding$0

Oakdale Square Apartments

PropertyOakdale Square Apartments
Address1655 South Oakdale Drive; Bloomington, IN 47403
Property typeMultifamily
Units, beds or keys200
Net rentable square feetnot yet reported
Year built1972
Year last renovatednot yet reported
Original balance$19.4M
Current balance$19.4M (September 2026)
Share of deal balance2.3%
Interest rate at origination0.06%
Current interest rate5.97%
Origination date11-17-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-12-06
Prepayment lockout end06-05-2030
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$26.9M09-29-2025MAI
Most recent reported$26.9M2025-09-29MAI

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

Pacific Town Center

PropertyPacific Town Center
Address616 and 702-760 West Hammer Lane; Stockton, CA 95210
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet142,959
Year built2003
Year last renovatednot yet reported
Original balance$19.1M
Current balance$19.1M (September 2026)
Share of deal balance2.3%
Interest rate at origination0.06%
Current interest rate5.97%
Origination date12-18-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end09-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorArgentic Real Estate Finance 2 LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$27.0M11-17-2025MAI
Most recent reported$27.0M2025-11-17MAI

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

Largest tenants

TenantSquare feetLease expiration
Rachas, Inc.49,83507-31-2040
Smart & Final Stores30,00401-31-2029
Ross Dress for Less, Inc29,94701-31-2036

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

Latest financials

Financial period end (latest)06-30-2026
Revenue$2.9M
Operating expenses$956,953
Net operating income$1.9M
Net cash flow$1.8M
DSCR (net cash flow)1.53
DSCR (net operating income)1.64
Occupancy100%
Servicer advances outstanding$0

The MC

PropertyThe MC
Address1100 &1102 Myrtle Avenue 371 Vernon Avenue; Brooklyn, NY 11206
Property typeMixed use
Units, beds or keys233
Net rentable square feetnot yet reported
Year built2023
Year last renovatednot yet reported
Original balance$19.0M
Current balance$19.0M (September 2026)
Share of deal balance2.3%
Interest rate at origination0.06%
Current interest rate6.12%
Origination date10-07-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-11-01
Prepayment lockout end12-31-2027
Yield maintenance end05-31-2030
ServicerKeyBank National Association
Loan servicernot yet reported
OriginatorKeyBank National Association
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$168.9M08-12-2025MAI
Most recent reported$168.9M2025-08-12MAI

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

Thoroughbred Crossing and Tate's Creek (and 1 more properties)

PropertyThoroughbred Crossing and Tate's Creek (and 1 more properties)
Address1346 Village Drive; 1123-1143 Centre Parkway; Lexington, KY (and 1 more) 40504
Property typeMultifamily
Units, beds or keys["119", "126"]
Net rentable square feetnot yet reported
Year built1968
Year last renovatednot yet reported
Original balance$19.0M
Current balance$19.0M (September 2026)
Share of deal balance2.3%
Interest rate at origination0.07%
Current interest rate6.64%
Origination date12-30-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end03-05-2028
Yield maintenance end07-05-2030
ServicerMidland
Loan servicernot yet reported
OriginatorBarclays Capital Real Estate Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$27.9M08-25-2025MAI
Most recent reportednot yet reportednot yet reported["MAI", "MAI"]

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

658 Driggs Financial

Property658 Driggs Financial
Address658 Driggs Ave; Brooklyn, NY 11211
Property typeMixed use
Units, beds or keys20
Net rentable square feetnot yet reported
Year built2022
Year last renovatednot yet reported
Original balance$16.5M
Current balance$16.5M (September 2026)
Share of deal balance2.0%
Interest rate at origination0.06%
Current interest rate6.25%
Origination date12-30-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-01
Prepayment lockout end10-31-2030
Yield maintenance endnot yet reported
ServicerKeyBank National Association
Loan servicernot yet reported
OriginatorKeyBank National Association
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$27.3M11-07-2025MAI
Most recent reported$27.3M2025-11-07MAI

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

White Mountain Apartments

PropertyWhite Mountain Apartments
Address1700 Imperial Drive; Rock Springs, WY 82901
Property typeMultifamily
Units, beds or keys306
Net rentable square feetnot yet reported
Year built1975
Year last renovated2025
Original balance$14.0M
Current balance$14.0M (September 2026)
Share of deal balance1.7%
Interest rate at origination0.06%
Current interest rate6.01%
Origination date12-10-2025
Original term60 months
Amortization term360 months
Interest-only period24 months
Scheduled maturity2031-01-06
Prepayment lockout end11-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorArgentic Real Estate Finance 2 LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$26.4M12-03-2025MAI
Most recent reported$26.4M2025-12-03MAI

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

Bella Vista Apartments

PropertyBella Vista Apartments
Address153 and 165 Main Street 497 East Main Street; Ansonia, CT 6401
Property typeMultifamily
Units, beds or keys91
Net rentable square feetnot yet reported
Year built1900
Year last renovated2023
Original balance$14.0M
Current balance$14.0M (September 2026)
Share of deal balance1.7%
Interest rate at origination0.06%
Current interest rate5.80%
Origination date11-07-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-12-06
Prepayment lockout end06-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorArgentic Real Estate Finance 2 LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$21.2M09-05-2025MAI
Most recent reported$21.2M2025-09-05MAI

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

Warren Club

PropertyWarren Club
Address29356 Dequindre Road; Warren, MI 48092
Property typeMultifamily
Units, beds or keys216
Net rentable square feetnot yet reported
Year built1966
Year last renovated2022
Original balance$13.9M
Current balance$13.9M (September 2026)
Share of deal balance1.7%
Interest rate at origination0.06%
Current interest rate6.25%
Origination date12-22-2025
Original term60 months
Amortization term360 months
Interest-only period24 months
Scheduled maturity2031-01-06
Prepayment lockout end11-05-2030
Yield maintenance endnot yet reported
ServicerBerkadia
Loan servicernot yet reported
OriginatorArgentic Real Estate Finance 2 LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$20.1M11-07-2025MAI
Most recent reported$20.1M2025-11-07MAI

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

Crossgates Commons

PropertyCrossgates Commons
Address161 Washington Avenue Extension; Albany, NY 12205
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet337,843
Year built1994
Year last renovatednot yet reported
Original balance$13.8M
Current balance$13.7M (September 2026)
Share of deal balance1.6%
Interest rate at origination0.07%
Current interest rate6.80%
Origination date11-12-2025
Original term60 months
Amortization term360 months
Interest-only periodnot yet reported
Scheduled maturity2030-12-06
Prepayment lockout end09-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorArgentic Real Estate Finance 2 LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$21.8M09-24-2025MAI
Most recent reported$21.8M2025-09-24MAI

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

Largest tenants

TenantSquare feetLease expiration
Walmart260,810not yet reported
Home Depot102,68001-31-2030
At Home82,55110-31-2032

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

Latest financials

Financial period end (latest)06-30-2026
Revenue$3.8M
Operating expenses$1.9M
Net operating income$1.9M
Net cash flow$1.7M
DSCR (net cash flow)1.55
DSCR (net operating income)1.75
Occupancy87%
Servicer advances outstanding$0

Patoma Partners 4 Pack (and 3 more properties)

PropertyPatoma Partners 4 Pack (and 3 more properties)
Address545 Metropolitan Avenue; 284 Suydam Street; 1815 Woodbine Street; 543 Metropolitan Avenue; Brooklyn, NY (and 3 more) 11221
Property typeMultiple property types
Units, beds or keys["5", "7", "6", "2"]
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovated["2023", "2023", "2022"]
Original balance$13.5M
Current balance$13.5M (September 2026)
Share of deal balance1.6%
Interest rate at origination0.07%
Current interest rate6.67%
Origination date12-23-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end01-05-2027
Yield maintenance end07-05-2030
ServicerMidland
Loan servicernot yet reported
OriginatorGerman American Capital Corporation
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$20.2M01-16-2026MAI
Most recent reportednot yet reportednot yet reported["MAI", "MAI", "MAI", "MAI"]

Largest tenants

TenantSquare feetLease expiration
Koffea LLC1,25805-31-2033

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

Oakwood Estates

PropertyOakwood Estates
Address33550 East State Highway 96; Pueblo, CO 81001
Property typeManufactured housing
Units, beds or keys343
Net rentable square feetnot yet reported
Year built1975
Year last renovatednot yet reported
Original balance$12.7M
Current balance$12.7M (September 2026)
Share of deal balance1.5%
Interest rate at origination0.06%
Current interest rate6.45%
Origination date01-02-2026
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end02-05-2028
Yield maintenance end09-05-2030
ServicerMidland
Loan servicernot yet reported
OriginatorGerman American Capital Corporation
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$22.3M10-03-2025MAI
Most recent reported$22.3M2025-10-03MAI

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

Latest financials

Financial period end (latest)06-30-2026
Revenue$1.9M
Operating expenses$891,419
Net operating income$1.1M
Net cash flow$1.0M
DSCR (net cash flow)1.25
DSCR (net operating income)1.27
Occupancy68%
Servicer advances outstanding$0

Hampton Inn Monroeville

PropertyHampton Inn Monroeville
Address3000 Mosside Boulevard; Monroeville, PA 15146
Property typeLodging
Units, beds or keys138
Net rentable square feetnot yet reported
Year built1998
Year last renovated2020
Original balance$11.0M
Current balance$11.0M (September 2026)
Share of deal balance1.3%
Interest rate at origination0.07%
Current interest rate7.01%
Origination date12-12-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end10-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorArgentic Real Estate Finance 2 LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$17.3M10-17-2025MAI
Most recent reported$17.3M2025-10-17MAI

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

The Star on Southside

PropertyThe Star on Southside
Address7320, 7324 and 7326 Southside Drive; Louisville, KY 40214
Property typeMultifamily
Units, beds or keys150
Net rentable square feetnot yet reported
Year built1966
Year last renovated2025
Original balance$11.0M
Current balance$11.0M (September 2026)
Share of deal balance1.3%
Interest rate at origination0.07%
Current interest rate6.73%
Origination date11-20-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-12-06
Prepayment lockout end06-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorArgentic Real Estate Finance 2 LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$16.4M10-03-2025MAI
Most recent reported$16.4M2025-10-03MAI

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

Wingate Atlanta Galleria

PropertyWingate Atlanta Galleria
Address2762 Cobb Parkway SE; Atlanta, GA 30339
Property typeLodging
Units, beds or keys103
Net rentable square feetnot yet reported
Year built2005
Year last renovated2021
Original balance$10.5M
Current balance$10.5M (September 2026)
Share of deal balance1.3%
Interest rate at origination0.07%
Current interest rate7.39%
Origination date12-19-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end02-05-2028
Yield maintenance end07-05-2030
ServicerMidland
Loan servicernot yet reported
OriginatorBarclays Capital Real Estate Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$15.8M08-27-2025MAI
Most recent reported$15.8M2025-08-27MAI

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

Latest financials

Financial period end (latest)06-30-2026
Revenue$6.5M
Operating expenses$3.5M
Net operating income$3.0M
Net cash flow$2.8M
DSCR (net cash flow)3.51
DSCR (net operating income)3.84
Occupancynot yet reported
Servicer advances outstanding$0

Acony Bell (and 1 more properties)

PropertyAcony Bell (and 1 more properties)
Address21 Acony Bell Way 10517 Boylston Highway; 17, 43 and 60 Lively Ln 1764 Smokey Park Highway; Mills River, NC (and 1 more) 28759
Property typeManufactured housing
Units, beds or keys["95", "83"]
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovatednot yet reported
Original balance$10.2M
Current balance$10.2M (September 2026)
Share of deal balance1.2%
Interest rate at origination0.07%
Current interest rate6.68%
Origination date12-01-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-12-01
Prepayment lockout end09-30-2030
Yield maintenance endnot yet reported
ServicerKeyBank National Association
Loan servicernot yet reported
OriginatorKeyBank National Association
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$19.9Mnot yet reportedMAI
Most recent reportednot yet reportednot yet reported["MAI", "MAI"]

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

Hilton Garden Inn Birmingham/Lakeshore Drive

PropertyHilton Garden Inn Birmingham/Lakeshore Drive
Address520 Wildwood Circle North; Birmingham, AL 35209
Property typeLodging
Units, beds or keys100
Net rentable square feetnot yet reported
Year built2004
Year last renovated2021
Original balance$8.8M
Current balance$8.8M (September 2026)
Share of deal balance1.0%
Interest rate at origination0.08%
Current interest rate7.86%
Origination date11-24-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-12-06
Prepayment lockout end12-05-2026
Yield maintenance end09-05-2030
ServicerMidland
Loan servicernot yet reported
OriginatorLMF Commercial, LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$12.8M10-08-2025MAI
Most recent reported$12.8M2025-10-08MAI

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

Latest financials

Financial period end (latest)06-30-2026
Revenue$4.2M
Operating expenses$3.1M
Net operating income$1.2M
Net cash flow$982,083
DSCR (net cash flow)1.41
DSCR (net operating income)1.65
Occupancy72%
Servicer advances outstanding$0

Holiday Inn Express Crystal River

PropertyHoliday Inn Express Crystal River
Address1203 NE 5th Street; Crystal River, FL 34429
Property typeLodging
Units, beds or keys75
Net rentable square feetnot yet reported
Year built2009
Year last renovated2021
Original balance$8.5M
Current balance$8.5M (September 2026)
Share of deal balance1.0%
Interest rate at origination0.07%
Current interest rate6.74%
Origination date12-19-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end07-05-2030
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$12.3M11-04-2025MAI
Most recent reported$12.3M2025-11-04MAI

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

Latest financials

Financial period end (latest)06-30-2026
Revenue$4.2M
Operating expenses$2.6M
Net operating income$1.7M
Net cash flow$1.5M
DSCR (net cash flow)2.56
DSCR (net operating income)2.85
Occupancy92%
Servicer advances outstanding$0

Bear Valley Medical and Business Center

PropertyBear Valley Medical and Business Center
Address17260 17270, 17310 and 17330 Bear Valley Road; Victorville, CA 92395
Property typeOffice
Units, beds or keysnot yet reported
Net rentable square feet89,077
Year built2001
Year last renovatednot yet reported
Original balance$8.4M
Current balance$8.3M (September 2026)
Share of deal balance1.0%
Interest rate at origination0.07%
Current interest rate6.81%
Origination date12-05-2025
Original term60 months
Amortization term360 months
Interest-only periodnot yet reported
Scheduled maturity2031-01-01
Prepayment lockout end10-31-2030
Yield maintenance endnot yet reported
ServicerKeyBank National Association
Loan servicernot yet reported
OriginatorKeyBank National Association
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$19.5M09-23-2025MAI
Most recent reported$19.5M2025-09-23MAI

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

Largest tenants

TenantSquare feetLease expiration
County of San Bernardino DAAS12,68404-30-2030
County of San Bernardino Workforce Development10,50001-31-2028
Radnet Management Inc. / Elite Advanced Imaging10,37703-31-2026

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

146-150 Broadway

Property146-150 Broadway
Address146-150 Broadway; Brooklyn, NY 11211
Property typeMixed use
Units, beds or keys5
Net rentable square feetnot yet reported
Year built1900
Year last renovatednot yet reported
Original balance$7.8M
Current balance$7.8M (September 2026)
Share of deal balance0.9%
Interest rate at origination0.07%
Current interest rate6.60%
Origination date09-22-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
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$13.0M07-14-2025MAI
Most recent reported$13.0M2025-07-14MAI

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

4115 Zero Street

Property4115 Zero Street
Address4115 Zero Street; Fort Smith, AR 72908
Property typeIndustrial
Units, beds or keysnot yet reported
Net rentable square feet256,314
Year built1975
Year last renovatednot yet reported
Original balance$7.6M
Current balance$7.6M (September 2026)
Share of deal balance0.9%
Interest rate at origination0.07%
Current interest rate6.84%
Origination date12-01-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-12-06
Prepayment lockout end09-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorDBR Investments Co. Limited
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$10.9M09-29-2025MAI
Most recent reported$10.9M2025-09-29MAI

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

Largest tenants

TenantSquare feetLease expiration
Stryten Energy256,31409-30-2037

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

Glenlock Apartments

PropertyGlenlock Apartments
Address2102-2118 University Avenue; Morgantown, WV 26505
Property typeMultifamily
Units, beds or keys183
Net rentable square feetnot yet reported
Year built1964
Year last renovatednot yet reported
Original balance$7.3M
Current balance$7.3M (September 2026)
Share of deal balance0.9%
Interest rate at origination0.06%
Current interest rate6.30%
Origination date12-19-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end10-05-2030
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$11.4M09-22-2025MAI
Most recent reported$11.4M2025-09-22MAI

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

22-30 South Munn Avenue

Property22-30 South Munn Avenue
Address22-30 South Munn Avenue; East Orange, NJ 7018
Property typeMultifamily
Units, beds or keys50
Net rentable square feetnot yet reported
Year built1924
Year last renovated2025
Original balance$6.8M
Current balance$6.8M (September 2026)
Share of deal balance0.8%
Interest rate at origination0.06%
Current interest rate6.10%
Origination date12-17-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end10-05-2030
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$10.1M10-01-2025MAI
Most recent reported$10.1M2025-10-01MAI

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

Vernon Office Tinley

PropertyVernon Office Tinley
Address18660 Graphics Drive 7851 185th Street; Tinley Park, IL 60477
Property typeOffice
Units, beds or keysnot yet reported
Net rentable square feet64,290
Year built2008
Year last renovated2021
Original balance$6.0M
Current balance$6.0M (September 2026)
Share of deal balance0.7%
Interest rate at origination0.07%
Current interest rate6.56%
Origination date01-07-2026
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end07-05-2030
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$9.7M11-12-2025MAI
Most recent reported$9.7M2025-11-12MAI

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

Largest tenants

TenantSquare feetLease expiration
Vehicle Management Sol.11,76411-30-2031
RHM6,86510-14-2029
ADM Investor Services6,43002-28-2028

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

Golf Plaza

PropertyGolf Plaza
Address1701-1753 W. Golf Road; Mount Prospect, IL 60056
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet82,748
Year built1968
Year last renovated2006
Original balance$6.0M
Current balance$6.0M (September 2026)
Share of deal balance0.7%
Interest rate at origination0.06%
Current interest rate6.00%
Origination date12-19-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end10-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorUBS AG
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$11.0M10-21-2025MAI
Most recent reported$11.0M2025-10-21MAI

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

Largest tenants

TenantSquare feetLease expiration
Montrose Market, LLC30,00002-28-2029
AutoZone Development Corporation8,20504-30-2031
Vishva Groups Inc. dba White Eagle L6,55012-31-2028

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

Latest financials

Financial period end (latest)06-30-2026
Revenue$1.6M
Operating expenses$697,708
Net operating income$938,577
Net cash flow$858,036
DSCR (net cash flow)2.35
DSCR (net operating income)2.57
Occupancy100%
Servicer advances outstanding$0

982 Madison Street

Property982 Madison Street
Address982 Madison Street; Brooklyn, NY 11221
Property typeMultifamily
Units, beds or keys18
Net rentable square feetnot yet reported
Year built2017
Year last renovatednot yet reported
Original balance$5.8M
Current balance$5.8M (September 2026)
Share of deal balance0.7%
Interest rate at origination0.07%
Current interest rate6.70%
Origination date10-24-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-11-06
Prepayment lockout end11-05-2027
Yield maintenance end08-05-2030
ServicerMidland
Loan servicernot yet reported
OriginatorLMF Commercial, LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$8.5M07-22-2025MAI
Most recent reported$8.5M2025-07-22MAI

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

Latest financials

Financial period end (latest)06-30-2026
Revenue$695,927
Operating expenses$138,166
Net operating income$557,762
Net cash flow$553,542
DSCR (net cash flow)1.42
DSCR (net operating income)1.43
Occupancy100%
Servicer advances outstanding$0

714 5th Ave

Property714 5th Ave
Address714 5th Ave; Brooklyn, NY 11215
Property typeMultifamily
Units, beds or keys10
Net rentable square feetnot yet reported
Year built1930
Year last renovated2024
Original balance$5.3M
Current balance$5.3M (September 2026)
Share of deal balance0.6%
Interest rate at origination0.06%
Current interest rate6.40%
Origination date12-11-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end10-05-2030
Yield maintenance endnot yet reported
ServicerMidland
Loan servicernot yet reported
OriginatorNatixis Real Estate Capital LLC
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$7.6M08-12-2025MAI
Most recent reported$7.6M2025-08-12MAI

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

Stone Gate Terrace

PropertyStone Gate Terrace
Address5201 Central East Freeway; Wichita Falls, TX 76306
Property typeMultifamily
Units, beds or keys48
Net rentable square feetnot yet reported
Year built2005
Year last renovatednot yet reported
Original balance$4.3M
Current balance$4.3M (September 2026)
Share of deal balance0.5%
Interest rate at origination0.07%
Current interest rate6.55%
Origination date10-24-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-11-06
Prepayment lockout end05-05-2030
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$6.4M09-25-2025MAI
Most recent reported$6.4M2025-09-25MAI

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

Greenwood Manor

PropertyGreenwood Manor
Address333 S. Main Street; Decatur, IL 62523
Property typeMultifamily
Units, beds or keys108
Net rentable square feetnot yet reported
Year built1968
Year last renovatednot yet reported
Original balance$4.0M
Current balance$4.0M (September 2026)
Share of deal balance0.5%
Interest rate at origination0.06%
Current interest rate6.20%
Origination date12-31-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2031-01-06
Prepayment lockout end09-05-2030
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$7.1M10-20-2025MAI
Most recent reported$7.1M2025-10-20MAI

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