Loan detail for BMO 2025-5C12 Mortgage Trust.
Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-15
← BMO 2025-5C12 Mortgage Trust · CMBS market
Detail sections for the 35 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.
Life Hotel
| Property | Life Hotel |
| Address | 19 West 31st Street; New York, NY 10001 |
| Property type | Lodging |
| Units, beds or keys | 98 |
| Net rentable square feet | not yet reported |
| Year built | 1894 |
| Year last renovated | 2017 |
| Original balance | $18.5M |
| Current balance | $18.5M (September 2026) |
| Share of deal balance | 2.9% |
| Interest rate at origination | 7.32% |
| Current interest rate | 7.32% |
| Origination date | 08-08-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 06-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | DBR Investments Co. Limited |
| 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) | 03-31-2026 |
| Revenue | $7.8M |
| Operating expenses | $5.8M |
| Net operating income | $2.0M |
| Net cash flow | $1.7M |
| DSCR (net cash flow) | 1.22 |
| DSCR (net operating income) | 1.45 |
| Occupancy | 79% |
| Servicer advances outstanding | $0 |
Precise Space
| Property | Precise Space |
| Address | 138 Leopard Road 160 Cougar Street; Rhome, TX 76078 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 150,000 |
| Year built | 2023 |
| Year last renovated | not yet reported |
| Original balance | $17.2M |
| Current balance | $17.2M (September 2026) |
| Share of deal balance | 2.7% |
| Interest rate at origination | 6.55% |
| Current interest rate | 6.55% |
| Origination date | 07-18-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-01 |
| Prepayment lockout end | 05-31-2030 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| 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 |
Gateway Industrial Center
| Property | Gateway Industrial Center |
| Address | 12601 and 12701 Southfield Freeway; Detroit, MI 48223 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,441,839 |
| Year built | 1948 |
| Year last renovated | 2023 |
| Original balance | $15.2M |
| Current balance | $15.2M (September 2026) |
| Share of deal balance | 2.4% |
| Interest rate at origination | 6.74% |
| Current interest rate | 6.74% |
| Origination date | 06-09-2025 |
| Original term | 61 months |
| Amortization term | not yet reported |
| Interest-only period | 61 months |
| Scheduled maturity | 2030-07-06 |
| Prepayment lockout end | 01-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 LLC |
| Current status | Matured balloon, non-performing |
| 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 | $88,460 |
45 NE 15th Street
| Property | 45 NE 15th Street |
| Address | 45 NE 41st Street; Miami, FL 33137 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 8,370 |
| Year built | 2020 |
| Year last renovated | not yet reported |
| Original balance | $15.0M |
| Current balance | $15.0M (September 2026) |
| Share of deal balance | 2.4% |
| Interest rate at origination | 6.62% |
| Current interest rate | 6.62% |
| Origination date | 08-04-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-06 |
| Prepayment lockout end | 09-05-2027 |
| Yield maintenance end | 05-05-2030 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | DBR Investments Co. Limited |
| 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 | $1.7M |
| Operating expenses | $191,119 |
| Net operating income | $1.5M |
| Net cash flow | $1.5M |
| DSCR (net cash flow) | 1.50 |
| DSCR (net operating income) | 1.51 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Beechgrove & Buttermilk Pike Self Storage (and 1 more properties)
| Property | Beechgrove & Buttermilk Pike Self Storage (and 1 more properties) |
| Address | 4290-4296 Richardson Road; 2550 Schmidt Lane; Independence, KY (and 1 more) 41051 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2015", "2024"] |
| Original balance | $13.0M |
| Current balance | $13.0M (September 2026) |
| Share of deal balance | 2.0% |
| Interest rate at origination | 6.45% |
| Current interest rate | 6.45% |
| Origination date | 09-11-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Natixis Real Estate Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | ["06-30-2026", "06-30-2026"] |
| 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 |
Augusta Ranch Marketplace
| Property | Augusta Ranch Marketplace |
| Address | 9919, 9925 and 9963 East Baseline Road; Mesa, AZ 85209 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 83,743 |
| Year built | 2004 |
| Year last renovated | not yet reported |
| Original balance | $12.0M |
| Current balance | $12.0M (September 2026) |
| Share of deal balance | 1.9% |
| Interest rate at origination | 7.01% |
| Current interest rate | 7.01% |
| Origination date | 08-07-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 06-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 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 |
22 Milford
| Property | 22 Milford |
| Address | 22 Milford Street; Brooklyn, NY 11208 |
| Property type | Multifamily |
| Units, beds or keys | 43 |
| Net rentable square feet | not yet reported |
| Year built | 1930 |
| Year last renovated | 2024 |
| Original balance | $11.1M |
| Current balance | $11.1M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 6.98% |
| Current interest rate | 6.98% |
| Origination date | 06-16-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-07-06 |
| Prepayment lockout end | 08-05-2026 |
| Yield maintenance end | 02-05-2030 |
| Servicer | Midland Loan Services |
| 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: 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 |
1000 Portside
| Property | 1000 Portside |
| Address | 1000 Portside Drive; Edgewater, NJ 7020 |
| Property type | Multifamily |
| Units, beds or keys | 86 |
| Net rentable square feet | not yet reported |
| Year built | 2024 |
| Year last renovated | not yet reported |
| Original balance | $11.0M |
| Current balance | $11.0M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 6.24% |
| Current interest rate | 6.24% |
| Origination date | 08-21-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 03-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Bank of Montreal |
| 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 | $4.6M |
| Operating expenses | $1.7M |
| Net operating income | $2.9M |
| Net cash flow | $2.9M |
| DSCR (net cash flow) | 1.29 |
| DSCR (net operating income) | 1.30 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
City Deck Landing
| Property | City Deck Landing |
| Address | 401 North Washington Street; Green Bay, WI 54301 |
| Property type | Multifamily |
| Units, beds or keys | 77 |
| Net rentable square feet | not yet reported |
| Year built | 2015 |
| Year last renovated | not yet reported |
| Original balance | $10.8M |
| Current balance | $10.8M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 6.52% |
| Current interest rate | 6.52% |
| Origination date | 09-10-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Greystone Select Company II 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) | 06-30-2026 |
| Revenue | $1.3M |
| Operating expenses | $568,849 |
| Net operating income | $755,402 |
| Net cash flow | $727,782 |
| DSCR (net cash flow) | 1.02 |
| DSCR (net operating income) | 1.06 |
| Occupancy | 94% |
| Servicer advances outstanding | $0 |
Rolling Hills (and 7 more properties)
| Property | Rolling Hills (and 7 more properties) |
| Address | 131 Bolin Road 208 Laurin Drive; 711 Leasburg Road; 106 Sunnybrook Lane; 1904 North Williams Street; 1754 Zion Road; 100 Second Avenue Southeast; 2353 US-70 West; 1535 Race Path Church Road; Blacksburg, SC (and 7 more) 29702 |
| Property type | Manufactured housing |
| Units, beds or keys | ["96", "86", "50", "47", "40", "14", "19", "13"] |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $10.6M |
| Current balance | $10.6M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 6.85% |
| Current interest rate | 6.85% |
| Origination date | 08-18-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 06-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Greystone Select Company II LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
7 Slater Drive
| Property | 7 Slater Drive |
| Address | 7 Slater Drive aka 89-147 Atalanta Plaz; Elizabeth, NJ 7206 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 126,519 |
| Year built | 1913 |
| Year last renovated | not yet reported |
| Original balance | $10.5M |
| Current balance | $10.5M (September 2026) |
| Share of deal balance | 1.6% |
| Interest rate at origination | 6.65% |
| Current interest rate | 6.65% |
| Origination date | 08-22-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 05-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| 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 |
Vertex Hq
| Property | Vertex Hq |
| Address | 11 Fan Pier Boulevard 50 Northern Avenue; Boston, MA 2210 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,134,479 |
| Year built | 2013 |
| Year last renovated | not yet reported |
| Original balance | $10.0M |
| Current balance | $10.0M (September 2026) |
| Share of deal balance | 1.6% |
| Interest rate at origination | 4.94% |
| Current interest rate | 4.94% |
| Origination date | 08-06-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-01 |
| Prepayment lockout end | 03-31-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Bank of Montreal |
| 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 |
219 and 221 South 4th Street
| Property | 219 and 221 South 4th Street |
| Address | 219 And 221 South 4th Street; Brooklyn, NY 11211 |
| Property type | Multifamily |
| Units, beds or keys | 13 |
| Net rentable square feet | not yet reported |
| Year built | 1905 |
| Year last renovated | 2024 |
| Original balance | $9.8M |
| Current balance | $9.8M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 6.50% |
| Current interest rate | 6.50% |
| Origination date | 07-02-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-07-06 |
| Prepayment lockout end | 08-05-2026 |
| Yield maintenance end | 03-05-2030 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Matured balloon, non-performing |
| 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 | $54,832 |
996 Paragon Way (and 101 more properties)
| Property | 996 Paragon Way (and 101 more properties) |
| Address | 996 Paragon Way; 91-399 Kauhi Street; 11224 Will Walker Road; 10450 Doral Boulevard; 1580, 1590, & 1600 Williams Road; 32150 Just Imagine Drive; 6850 Weber Boulevard; 1341 North Clyde Morris Boulevard; 27200 Southwest 127th Avenue; 7410 Magi Road; 2375 East Newlands Road; 3800 Midlink Drive; 13509 Waterworks Street; 13400 East 39th Avenue 3800 Wheeling Street; 91-141 Kalaeloa Boulevard; 9860 West Buckeye Road; 125 North Troy Hill Road; 11900 Trolley Lane; 11501 Wilkinson Drive; 2300 North 33rd Avenue East; 5001 West Delbridge Street; 91-238 Kauhi Street; 1892 Anfield Road; 9215-9347 East Pendleton Pike; 955 Aeroplaza Drive; 3155 Grissom Parkway; 3502 Enterprise Avenue; 3870 Ronald Reagan Boulevard; 700 Marine Drive; 3245 Henry Road 3185 Columbia Road; 2701 Southwest 18th Street; 2482 Century Drive; 158 West Yard Road; 55 Commerce Avenue; 1415 West Commerce Way; 1095 South 4800 West; 950 Bennett Road; 985 West Kershaw Street; 1980 Hood Road; 17200 Manchac Park Lane; 7409 Magi Road; 91-329 Kauhi Street; 1985 International Way; 200 Orange Point Drive; 91-241 Kalaeloa Boulevard; 2311 South Park Road; 2820 State Highway 31; 8000 Mid America Boulevard; 14257 East Easter Avenue; 91-080 Hanua Street; 3736 Salisbury Road; 91-027 Kaomi Loop; 150 Greenhorn Drive; 7130 Q Street; 235 Great Pond Road; 510 Production Avenue; 91-150 Kaomi Loop; 4501 Industrial Drive; 91-222 Olai Street; 2580 Technology Drive; 301 Commerce Drive; 7121 South 5th Avenue; 590 Assembly Court; 91-250 Komohana Street; 91-220 Kalaeloa Boulevard; 91-185 Kalaeloa Boulevard; 91-300 Hanua Street; 5501 Providence Hill Drive; 91-259 Olai Street; 2 Tower Drive; 91-064 Kaomi Loop; 91-202 Kalaeloa Boulevard; 2100 Northwest 82nd Avenue; 91-102 Kaomi Loop; 1230 West 171st Street; 91-400 Komohana Street; 91-265 Hanua Street; 91-255 Hanua Street; 1415 Industrial Drive; 209 South Bud Street; 91-110 Kaomi Loop; 3900 6th Street Northeast; 91-218 Olai Street; 5795 Logistics Parkway; 91-210 Kauhi Street; 435 Southeast 70th Street; 2902 Gun Club Road; 91-210 Olai Street; 91-95 Hanua Street; 2401 Cram Avenue Southeast; 91-083 Hanua Street; 91-119 Olai Street; 3425 Maple Drive; 91-174 Olai Street; 5156 American Road; 91-252 Kauhi Street; 91-349 Kauhi Street; 91-175 Olai Street; 91-087 Hanua Street; 91-171 Olai Street; 91-410 Komohana Street; 91-416 Komohana Street; Rock Hill, SC (and 101 more) 29730 |
| Property type | Multiple property types |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2001", "1999", "2007", "2024", "2013", "2014", "2014", "2018", "2014", "2025", "2002", "2006", "2024", "2023", "2017", "2024", "2020", "2012", "2005", "2012", "2014"] |
| Original balance | $9.6M |
| Current balance | $9.6M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 5.38% |
| Current interest rate | 5.38% |
| Origination date | 06-26-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-07-09 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | 01-08-2030 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Bank of Montreal |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $26.9M |
| Operating expenses | $6.2M |
| Net operating income | $20.8M |
| Net cash flow | $20.7M |
| DSCR (net cash flow) | 1.28 |
| DSCR (net operating income) | 1.28 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
East 232nd Street
| Property | East 232nd Street |
| Address | 658 East 232nd Street; Bronx, NY 10466 |
| Property type | Multifamily |
| Units, beds or keys | 40 |
| Net rentable square feet | not yet reported |
| Year built | 2007 |
| Year last renovated | 2024 |
| Original balance | $9.5M |
| Current balance | $9.5M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 6.30% |
| Current interest rate | 6.30% |
| Origination date | 09-04-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 03-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 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 |
30-58 & 30-64 34th Street
| Property | 30-58 & 30-64 34th Street |
| Address | 30-58 and 30-64 34th Street; Astoria, NY 11103 |
| Property type | Multifamily |
| Units, beds or keys | 70 |
| Net rentable square feet | not yet reported |
| Year built | 1928 |
| Year last renovated | not yet reported |
| Original balance | $9.0M |
| Current balance | $9.0M (September 2026) |
| Share of deal balance | 1.4% |
| Interest rate at origination | 6.15% |
| Current interest rate | 6.15% |
| Origination date | 09-09-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 06-05-2030 |
| 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 | $1.9M |
| Operating expenses | $982,367 |
| Net operating income | $886,660 |
| Net cash flow | $711,660 |
| DSCR (net cash flow) | 1.27 |
| DSCR (net operating income) | 1.58 |
| Occupancy | 99% |
| Servicer advances outstanding | $0 |
The Vue @ 214
| Property | The Vue @ 214 |
| Address | 214 Napoleon Road; Bowling Green, OH 43402 |
| Property type | Multifamily |
| Units, beds or keys | 190 |
| Net rentable square feet | not yet reported |
| Year built | 1966 |
| Year last renovated | 2019 |
| Original balance | $8.9M |
| Current balance | $8.9M (September 2026) |
| Share of deal balance | 1.4% |
| Interest rate at origination | 6.56% |
| Current interest rate | 6.56% |
| Origination date | 08-21-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 05-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| 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: 0.0%.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $2.0M |
| Operating expenses | $944,594 |
| Net operating income | $1.1M |
| Net cash flow | $1.0M |
| DSCR (net cash flow) | 1.77 |
| DSCR (net operating income) | 1.85 |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
Parkwyn Townhomes
| Property | Parkwyn Townhomes |
| Address | 4401 Glenview Court; North Richland Hills, TX 76180 |
| Property type | Multifamily |
| Units, beds or keys | 241 |
| Net rentable square feet | not yet reported |
| Year built | 1969 |
| Year last renovated | 2023 |
| Original balance | $8.1M |
| Current balance | $8.1M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 7.23% |
| Current interest rate | 7.23% |
| Origination date | 04-29-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-05-06 |
| Prepayment lockout end | 12-05-2025 |
| Yield maintenance end | 02-05-2030 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| 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 | $4.4M |
| Operating expenses | $2.2M |
| Net operating income | $2.2M |
| Net cash flow | $2.1M |
| DSCR (net cash flow) | 1.24 |
| DSCR (net operating income) | 1.28 |
| Occupancy | 91% |
| Servicer advances outstanding | $0 |
27 Brighton 11th Street
| Property | 27 Brighton 11th Street |
| Address | 27 Brighton 11th Street; Brooklyn, NY 11235 |
| Property type | Mixed use |
| Units, beds or keys | 17 |
| Net rentable square feet | not yet reported |
| Year built | 2024 |
| Year last renovated | not yet reported |
| Original balance | $7.8M |
| Current balance | $7.8M (September 2026) |
| Share of deal balance | 1.2% |
| Interest rate at origination | 6.00% |
| Current interest rate | 6.00% |
| Origination date | 09-04-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 05-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| 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 |
Playa Blanca Apartments
| Property | Playa Blanca Apartments |
| Address | 6436 Highway 90; Milton, FL 32570 |
| Property type | Multifamily |
| Units, beds or keys | 97 |
| Net rentable square feet | not yet reported |
| Year built | 1958 |
| Year last renovated | 2022 |
| Original balance | $7.7M |
| Current balance | $7.7M (September 2026) |
| Share of deal balance | 1.2% |
| Interest rate at origination | 6.73% |
| Current interest rate | 6.73% |
| Origination date | 08-11-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 03-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 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 |
Mini U Storage - Fairfax Station
| Property | Mini U Storage - Fairfax Station |
| Address | 6111 Ox Road 10930 Clara Barton Drive; Fairfax Station, VA 22039 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 63,610 |
| Year built | 1986 |
| Year last renovated | not yet reported |
| Original balance | $6.5M |
| Current balance | $6.5M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 5.95% |
| Current interest rate | 5.95% |
| Origination date | 07-10-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-01 |
| Prepayment lockout end | 09-30-2027 |
| Yield maintenance end | 05-31-2030 |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| 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 |
Waterfront Office
| Property | Waterfront Office |
| Address | 201 1st Street; Petaluma, CA 94952 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 47,063 |
| Year built | 2005 |
| Year last renovated | not yet reported |
| Original balance | $6.5M |
| Current balance | $6.5M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 6.73% |
| Current interest rate | 6.73% |
| Origination date | 08-05-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-06 |
| Prepayment lockout end | 02-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | 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%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $1.4M |
| Operating expenses | $721,981 |
| Net operating income | $658,873 |
| Net cash flow | $586,513 |
| DSCR (net cash flow) | 1.32 |
| DSCR (net operating income) | 1.49 |
| Occupancy | 92% |
| Servicer advances outstanding | $0 |
River View MHC
| Property | River View MHC |
| Address | 11 Riverplace Drive; Greenville, SC 29611 |
| Property type | Manufactured housing |
| Units, beds or keys | 90 |
| Net rentable square feet | not yet reported |
| Year built | 1980 |
| Year last renovated | not yet reported |
| Original balance | $5.4M |
| Current balance | $5.4M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 6.75% |
| Current interest rate | 6.75% |
| Origination date | 08-06-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-01 |
| Prepayment lockout end | 06-30-2030 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| 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 |
340 Broadway
| Property | 340 Broadway |
| Address | 340 Broadway; Brooklyn, NY 11211 |
| Property type | Multifamily |
| Units, beds or keys | 8 |
| Net rentable square feet | not yet reported |
| Year built | 1930 |
| Year last renovated | 2025 |
| Original balance | $5.3M |
| Current balance | $5.3M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 6.35% |
| Current interest rate | 6.35% |
| Origination date | 05-30-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-06-06 |
| Prepayment lockout end | 03-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Greystone Select Company II 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) | 06-30-2026 |
| Revenue | $534,192 |
| Operating expenses | $89,158 |
| Net operating income | $445,034 |
| Net cash flow | $425,034 |
| DSCR (net cash flow) | 1.25 |
| DSCR (net operating income) | 1.30 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Palisades Apartments
| Property | Palisades Apartments |
| Address | 245, 275 and 315 Palisade Avenue; Bridgeport, CT 6610 |
| Property type | Multifamily |
| Units, beds or keys | 93 |
| Net rentable square feet | not yet reported |
| Year built | 1918 |
| Year last renovated | 2015 |
| Original balance | $5.2M |
| Current balance | $5.2M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 6.60% |
| Current interest rate | 6.60% |
| Origination date | 09-09-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 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 |
6100 Rockside Woods
| Property | 6100 Rockside Woods |
| Address | 6100 Rockside Woods Boulevard; Independence, OH 44131 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 77,857 |
| Year built | 1980 |
| Year last renovated | 2023 |
| Original balance | $5.2M |
| Current balance | $5.2M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 7.30% |
| Current interest rate | 7.30% |
| Origination date | 08-01-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-06 |
| Prepayment lockout end | 04-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Bank of Montreal |
| 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) | 03-31-2026 |
| Revenue | $306,645 |
| Operating expenses | $151,426 |
| Net operating income | $155,219 |
| Net cash flow | $127,775 |
| DSCR (net cash flow) | 1.34 |
| DSCR (net operating income) | 1.63 |
| Occupancy | 73% |
| Servicer advances outstanding | $0 |
Mini U Storage - Richmond
| Property | Mini U Storage - Richmond |
| Address | 11231 FM 1464; Richmond, TX 77407 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 71,658 |
| Year built | 2009 |
| Year last renovated | not yet reported |
| Original balance | $5.0M |
| Current balance | $5.0M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 6.87% |
| Current interest rate | 6.87% |
| Origination date | 07-11-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-01 |
| Prepayment lockout end | 09-30-2027 |
| Yield maintenance end | 05-31-2030 |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| 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 |
116 St. Marks
| Property | 116 St. Marks |
| Address | 116 St. Marks Place; New York, NY 10009 |
| Property type | Multifamily |
| Units, beds or keys | 6 |
| Net rentable square feet | not yet reported |
| Year built | 1900 |
| Year last renovated | 2019 |
| Original balance | $4.6M |
| Current balance | $4.6M (September 2026) |
| Share of deal balance | 0.7% |
| Interest rate at origination | 5.63% |
| Current interest rate | 5.63% |
| Origination date | 09-09-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 04-30-2030 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| 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 |
Mini U Storage - Highlands Ranch
| Property | Mini U Storage - Highlands Ranch |
| Address | 6678 East County Line Road; Highlands Ranch, CO 80126 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 50,440 |
| Year built | 1995 |
| Year last renovated | not yet reported |
| Original balance | $4.6M |
| Current balance | $4.6M (September 2026) |
| Share of deal balance | 0.7% |
| Interest rate at origination | 6.82% |
| Current interest rate | 6.82% |
| Origination date | 07-10-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-01 |
| Prepayment lockout end | 09-30-2027 |
| Yield maintenance end | 05-31-2030 |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| 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 Business Center
| Property | Century Business Center |
| Address | 3901 Jack Northrop Avenue; Hawthorne, CA 90250 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,402,312 |
| Year built | 1939 |
| Year last renovated | 2024 |
| Original balance | $3.7M |
| Current balance | $3.7M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 6.64% |
| Current interest rate | 6.64% |
| Origination date | 05-29-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-06-06 |
| Prepayment lockout end | 12-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
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 |
Kimberly and Shannon Apartments (and 1 more properties)
| Property | Kimberly and Shannon Apartments (and 1 more properties) |
| Address | 1220 Boylston Avenue; 1519 East Howell Street; Seattle, WA (and 1 more) 98101 |
| Property type | Multifamily |
| Units, beds or keys | ["22", "9"] |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $3.3M |
| Current balance | $3.3M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 6.80% |
| Current interest rate | 6.80% |
| Origination date | 08-05-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-06 |
| Prepayment lockout end | 06-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | ["06-30-2026", "06-30-2026"] |
| 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 |
41 N Main Street
| Property | 41 N Main Street |
| Address | 41 N Main Street; Norwalk, CT 6854 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 8,813 |
| Year built | 1912 |
| Year last renovated | 2025 |
| Original balance | $3.3M |
| Current balance | $3.3M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 6.13% |
| Current interest rate | 6.13% |
| Origination date | 09-09-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 06-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| 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: 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 |
Mini U Storage - Houston Katy
| Property | Mini U Storage - Houston Katy |
| Address | 18875 Katy Freeway; Houston, TX 77094 |
| Property type | Self storage |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 60,555 |
| Year built | 2010 |
| Year last renovated | not yet reported |
| Original balance | $3.3M |
| Current balance | $3.3M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 6.95% |
| Current interest rate | 6.95% |
| Origination date | 07-11-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-01 |
| Prepayment lockout end | 09-30-2027 |
| Yield maintenance end | 05-31-2030 |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| 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 |
Kenneth Apartments
| Property | Kenneth Apartments |
| Address | 307 Queen Anne Avenue North; Seattle, WA 98109 |
| Property type | Multifamily |
| Units, beds or keys | 24 |
| Net rentable square feet | not yet reported |
| Year built | 1925 |
| Year last renovated | not yet reported |
| Original balance | $2.7M |
| Current balance | $2.7M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 6.85% |
| Current interest rate | 6.85% |
| Origination date | 08-05-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-08-06 |
| Prepayment lockout end | 06-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 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) | 06-30-2026 |
| Revenue | $365,070 |
| Operating expenses | $178,146 |
| Net operating income | $186,924 |
| Net cash flow | $114,924 |
| DSCR (net cash flow) | 0.62 |
| DSCR (net operating income) | 1.00 |
| Occupancy | 92% |
| Servicer advances outstanding | $0 |
Ramar Mobile Home Park
| Property | Ramar Mobile Home Park |
| Address | 1930 South Ridgewood Avenue; South Daytona, FL 32119 |
| Property type | Manufactured housing |
| Units, beds or keys | 56 |
| Net rentable square feet | not yet reported |
| Year built | 1971 |
| Year last renovated | not yet reported |
| Original balance | $2.5M |
| Current balance | $2.5M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 7.75% |
| Current interest rate | 7.75% |
| Origination date | 08-29-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-06 |
| Prepayment lockout end | 10-05-2027 |
| Yield maintenance end | 05-05-2030 |
| Servicer | Midland Loan Services |
| 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 |