Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2: loan annex
Page built October 19, 2026
Loan detail for Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2.
Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-01
← Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2 · CMBS market
Detail sections for the 30 loans of this deal that do not have a page of their own. Loans with a surveillance history, loans at or above the section's size threshold of $25.0M, and the largest loans in the deal have their own pages, linked from the loan table on the deal page. Every loan in the deal appears either here or on its own page.
Loan 2A
| Property | Loan 2A |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $24.6M |
| Current balance | $24.6M (September 2026) |
| Share of deal balance | 3.4% |
| 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 | 2030-08-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
WESTGATE SHOPPING CENTER
| Property | WESTGATE SHOPPING CENTER |
| Address | 2449 WEST STADIUM BOULEVARD; Ann Arbor, MI 48103 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 169,511 |
| Year built | 1961 |
| Year last renovated | 2006 |
| Original balance | $23.0M |
| Current balance | $23.0M (September 2026) |
| Share of deal balance | 3.2% |
| Interest rate at origination | 6.79% |
| Current interest rate | 6.79% |
| Origination date | 09-30-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 11-05-2026 |
| Yield maintenance end | 05-05-2030 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | SMC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $1.8M |
| Operating expenses | $624,472 |
| Net operating income | $1.2M |
| Net cash flow | $1.1M |
| DSCR (net cash flow) | 1.42 |
| DSCR (net operating income) | 1.49 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Palm Harbor and Heatherwood Portfolio
| Property | Palm Harbor and Heatherwood Portfolio |
| Address | FL |
| Property type | Multifamily |
| Units, beds or keys | 223 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $22.0M |
| Current balance | $22.0M (September 2026) |
| Share of deal balance | 3.1% |
| Interest rate at origination | 6.10% |
| Current interest rate | 6.10% |
| Origination date | 10-02-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-01 |
| Prepayment lockout end | 10-31-2026 |
| Yield maintenance end | 05-31-2030 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| 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 |
Fairway and Silver Creek Mobile Estates
| Property | Fairway and Silver Creek Mobile Estates |
| Address | Highland, CA 92346 |
| Property type | Manufactured housing |
| Units, beds or keys | 149 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $19.0M |
| Current balance | $19.0M (September 2026) |
| Share of deal balance | 2.7% |
| Interest rate at origination | 5.98% |
| Current interest rate | 5.98% |
| Origination date | 09-19-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 05-31-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
Loan 16
| Property | Loan 16 |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | 2020 |
| Year last renovated | not yet reported |
| Original balance | $18.0M |
| Current balance | $18.0M (September 2026) |
| Share of deal balance | 2.5% |
| Interest rate at origination | 6.79% |
| Current interest rate | 6.79% |
| Origination date | 10-09-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-09 |
| Prepayment lockout end | 04-30-2030 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | BANA |
| 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 |
Residence Inn Middletown Goshen
| Property | Residence Inn Middletown Goshen |
| Address | 57 Tower Drive; Middletown, NY 10941 |
| Property type | Lodging |
| Units, beds or keys | 125 |
| Net rentable square feet | not yet reported |
| Year built | 2020 |
| Year last renovated | not yet reported |
| Original balance | $18.0M |
| Current balance | $18.0M (November 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 6.79% |
| Current interest rate | 6.79% |
| Origination date | 10-09-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-01 |
| Prepayment lockout end | 04-30-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 07-31-2025 |
| Revenue | $6.4M |
| Operating expenses | $3.6M |
| Net operating income | $2.8M |
| Net cash flow | $2.7M |
| DSCR (net cash flow) | 2.15 |
| DSCR (net operating income) | 2.22 |
| Occupancy | 81% |
| Servicer advances outstanding | $0 |
Loan 17
| Property | Loan 17 |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $17.1M |
| Current balance | $17.1M (September 2026) |
| Share of deal balance | 2.4% |
| Interest rate at origination | 6.41% |
| Current interest rate | 6.41% |
| Origination date | 09-26-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-09-26 |
| Prepayment lockout end | 11-30-2027 |
| Yield maintenance end | 03-31-2030 |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $1.6M |
| Operating expenses | $717,887 |
| Net operating income | $840,452 |
| Net cash flow | $800,852 |
| DSCR (net cash flow) | 1.44 |
| DSCR (net operating income) | 1.51 |
| Occupancy | 98% |
| Servicer advances outstanding | $0 |
Hunter Village Properties
| Property | Hunter Village Properties |
| Address | West Lafayette, IN 47906 |
| Property type | Multifamily |
| Units, beds or keys | 264 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $17.1M |
| Current balance | $17.1M (November 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 6.41% |
| Current interest rate | 6.41% |
| Origination date | 09-26-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 11-30-2027 |
| Yield maintenance end | 03-31-2030 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2025 |
| Revenue | $3.0M |
| Operating expenses | $1.4M |
| Net operating income | $1.6M |
| Net cash flow | $1.6M |
| DSCR (net cash flow) | 1.41 |
| DSCR (net operating income) | 1.41 |
| Occupancy | 97% |
| Servicer advances outstanding | $0 |
Elevate at South Mountain
| Property | Elevate at South Mountain |
| Address | 8818 South Central Avenue; Phoenix, AZ 85042 |
| Property type | Multifamily |
| Units, beds or keys | 128 |
| Net rentable square feet | not yet reported |
| Year built | 1986 |
| Year last renovated | 2022 |
| Original balance | $16.9M |
| Current balance | $16.9M (September 2026) |
| Share of deal balance | 2.4% |
| Interest rate at origination | 6.13% |
| Current interest rate | 6.13% |
| Origination date | 09-19-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 03-31-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA |
| Current status | Matured balloon, non-performing |
| 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 | $88,814 |
Loan 20
| Property | Loan 20 |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $10.8M |
| Current balance | $10.8M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 7.01% |
| Current interest rate | 7.01% |
| Origination date | 10-14-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-14 |
| Prepayment lockout end | 08-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | SMC |
| 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 |
Kingsbridge Bronx Portfolio
| Property | Kingsbridge Bronx Portfolio |
| Address | Bronx, NY 10463 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 40,900 |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $10.8M |
| Current balance | $10.8M (November 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 7.01% |
| Current interest rate | 7.01% |
| Origination date | 10-14-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-06 |
| Prepayment lockout end | 08-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | SMC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 07-31-2025 |
| Revenue | $1.3M |
| Operating expenses | $322,735 |
| Net operating income | $1.0M |
| Net cash flow | $1.0M |
| DSCR (net cash flow) | 1.31 |
| DSCR (net operating income) | 1.31 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Loan 2B
| Property | Loan 2B |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $10.0M |
| Current balance | $10.0M (September 2026) |
| Share of deal balance | 1.4% |
| 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 | 2030-08-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
200 THEODORE RICE BOULEVARD
| Property | 200 THEODORE RICE BOULEVARD |
| Address | 200-214 THEODORE RICE BOULEVARD; New Bedford, MA 02745 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 111,989 |
| Year built | 1956 |
| Year last renovated | 2017 |
| Original balance | $9.5M |
| Current balance | $9.5M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 6.11% |
| Current interest rate | 6.11% |
| Origination date | 09-12-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | SMC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $853,392 |
| Operating expenses | $364,914 |
| Net operating income | $488,478 |
| Net cash flow | $438,083 |
| DSCR (net cash flow) | 1.49 |
| DSCR (net operating income) | 1.67 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
2217 Caton Avenue
| Property | 2217 Caton Avenue |
| Address | 2217 Caton Avenue; Brooklyn, NY 11226 |
| Property type | Multifamily |
| Units, beds or keys | 29 |
| Net rentable square feet | not yet reported |
| Year built | 2009 |
| Year last renovated | not yet reported |
| Original balance | $9.2M |
| Current balance | $9.2M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 6.00% |
| Current interest rate | 6.00% |
| Origination date | 10-06-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-01 |
| Prepayment lockout end | 04-30-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| 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 |
520 East 11 Street
| Property | 520 East 11 Street |
| Address | 520 East 11th Street; New York, NY 10009 |
| Property type | Multifamily |
| Units, beds or keys | 27 |
| Net rentable square feet | not yet reported |
| Year built | 1900 |
| Year last renovated | not yet reported |
| Original balance | $8.6M |
| Current balance | $8.6M (September 2026) |
| Share of deal balance | 1.2% |
| Interest rate at origination | 6.13% |
| Current interest rate | 6.13% |
| Origination date | 09-19-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 06-30-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $662,399 |
| Operating expenses | $263,039 |
| Net operating income | $399,360 |
| Net cash flow | $394,642 |
| DSCR (net cash flow) | 1.48 |
| DSCR (net operating income) | 1.50 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Myrtle Vanderbilt
| Property | Myrtle Vanderbilt |
| Address | 402-406 Myrtle Avenue; Brooklyn, NY 11205 |
| Property type | Mixed use |
| Units, beds or keys | 12 |
| Net rentable square feet | not yet reported |
| Year built | 1957 |
| Year last renovated | 2019 |
| Original balance | $7.8M |
| Current balance | $7.8M (September 2026) |
| Share of deal balance | 1.1% |
| Interest rate at origination | 6.30% |
| Current interest rate | 6.30% |
| Origination date | 10-10-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-01 |
| Prepayment lockout end | 06-30-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
Prestige Storage Muskegon
| Property | Prestige Storage Muskegon |
| Address | 1926 Independence Drive; Muskegon, MI 49444 |
| Property type | Self storage |
| Units, beds or keys | 844 |
| Net rentable square feet | 131,400 |
| Year built | 2006 |
| Year last renovated | 2013 |
| Original balance | $7.2M |
| Current balance | $7.2M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 6.46% |
| Current interest rate | 6.46% |
| Origination date | 10-01-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 03-31-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $472,993 |
| Operating expenses | $157,119 |
| Net operating income | $315,874 |
| Net cash flow | $309,304 |
| DSCR (net cash flow) | 1.31 |
| DSCR (net operating income) | 1.34 |
| Occupancy | 86% |
| Servicer advances outstanding | $0 |
Grubbs 3-Pack MHC Portfolio
| Property | Grubbs 3-Pack MHC Portfolio |
| Address | not yet reported |
| Property type | Manufactured housing |
| Units, beds or keys | 116 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $7.1M |
| Current balance | $7.1M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 6.26% |
| Current interest rate | 6.26% |
| Origination date | 09-18-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 09-30-2027 |
| Yield maintenance end | 03-31-2030 |
| Servicer | Berkadia |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $477,018 |
| Operating expenses | $214,020 |
| Net operating income | $262,998 |
| Net cash flow | $260,098 |
| DSCR (net cash flow) | 1.15 |
| DSCR (net operating income) | 1.17 |
| Occupancy | 90% |
| Servicer advances outstanding | $0 |
Cap’n Tom’s Storage
| Property | Cap’n Tom’s Storage |
| Address | 13480, 13556, 13259 Calvary Road and 13860 Shepard Hill Road and 15709 Paradise Point Drive; Willis, TX 77318 |
| Property type | Self storage |
| Units, beds or keys | 713 |
| Net rentable square feet | 258,864 |
| Year built | 1970 |
| Year last renovated | not yet reported |
| Original balance | $6.8M |
| Current balance | $6.8M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 6.57% |
| Current interest rate | 6.57% |
| Origination date | 10-08-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-06 |
| Prepayment lockout end | 08-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | SMC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $508,140 |
| Operating expenses | $212,788 |
| Net operating income | $295,352 |
| Net cash flow | $282,409 |
| DSCR (net cash flow) | 1.25 |
| DSCR (net operating income) | 1.31 |
| Occupancy | 75% |
| Servicer advances outstanding | $0 |
ILPT 2025 Portfolio
| Property | ILPT 2025 Portfolio |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 18,271,519 |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $13.1M |
| Current balance | $6.6M (September 2026) |
| Share of deal balance | 0.9% |
| 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 | MSMCH/BANA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $26.9M |
| Operating expenses | $6.2M |
| Net operating income | $20.8M |
| Net cash flow | $19.7M |
| DSCR (net cash flow) | 1.22 |
| DSCR (net operating income) | 1.28 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Loan 19A
| Property | Loan 19A |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $6.6M |
| Current balance | $6.6M (September 2026) |
| Share of deal balance | 0.9% |
| 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 | 2030-06-26 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | MSMCH/BANA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
LA Fitness - Euless, TX
| Property | LA Fitness - Euless, TX |
| Address | 2600 State Highway 121; Euless, TX 76039 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 45,000 |
| Year built | 2006 |
| Year last renovated | not yet reported |
| Original balance | $6.2M |
| Current balance | $6.2M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 6.99% |
| Current interest rate | 6.99% |
| Origination date | 10-01-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 11-30-2027 |
| Yield maintenance end | 03-31-2030 |
| Servicer | Gantry |
| Loan servicer | not yet reported |
| Originator | BANA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
58 DOBBIN STREET
| Property | 58 DOBBIN STREET |
| Address | 58 DOBBIN STREET; Brooklyn, NY 11222 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 15,000 |
| Year built | 1931 |
| Year last renovated | not yet reported |
| Original balance | $5.8M |
| Current balance | $5.8M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 6.94% |
| Current interest rate | 6.94% |
| Origination date | 10-06-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-06 |
| Prepayment lockout end | 07-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | SMC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $335,234 |
| Operating expenses | $61,147 |
| Net operating income | $274,087 |
| Net cash flow | $271,837 |
| DSCR (net cash flow) | 1.33 |
| DSCR (net operating income) | 1.35 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
LA Fitness - Pearland, TX
| Property | LA Fitness - Pearland, TX |
| Address | 2850 Pearland Parkway; Pearland, TX 77581 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 45,000 |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $5.8M |
| Current balance | $5.8M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 6.99% |
| Current interest rate | 6.99% |
| Origination date | 10-01-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 11-30-2027 |
| Yield maintenance end | 03-31-2030 |
| Servicer | Gantry |
| Loan servicer | not yet reported |
| Originator | BANA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
BriteLock Storage - West Haven
| Property | BriteLock Storage - West Haven |
| Address | 3990 South 3275 West; West Haven, UT 84401 |
| Property type | Self storage |
| Units, beds or keys | 426 |
| Net rentable square feet | 46,680 |
| Year built | 2020 |
| Year last renovated | not yet reported |
| Original balance | $5.5M |
| Current balance | $5.5M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 5.82% |
| Current interest rate | 5.82% |
| Origination date | 10-06-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-01 |
| Prepayment lockout end | 11-30-2027 |
| Yield maintenance end | 07-31-2030 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA |
| 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 |
20 NORTH RAYMOND
| Property | 20 NORTH RAYMOND |
| Address | 20 NORTH RAYMOND AVENUE; Pasadena, CA 91103 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 17,195 |
| Year built | 1920 |
| Year last renovated | 1990 |
| Original balance | $5.2M |
| Current balance | $5.2M (September 2026) |
| Share of deal balance | 0.7% |
| Interest rate at origination | 6.60% |
| Current interest rate | 6.60% |
| Origination date | 09-25-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 11-30-2027 |
| Yield maintenance end | 03-31-2030 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $515,255 |
| Operating expenses | $161,629 |
| Net operating income | $353,626 |
| Net cash flow | $338,752 |
| DSCR (net cash flow) | 1.95 |
| DSCR (net operating income) | 2.04 |
| Occupancy | 97% |
| Servicer advances outstanding | $0 |
830 East Park Avenue
| Property | 830 East Park Avenue |
| Address | 830 East Park Avenue; Tallahassee, FL 32301 |
| Property type | Multifamily |
| Units, beds or keys | 56 |
| Net rentable square feet | not yet reported |
| Year built | 1969 |
| Year last renovated | not yet reported |
| Original balance | $4.2M |
| Current balance | $4.2M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 6.50% |
| Current interest rate | 6.50% |
| Origination date | 10-14-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-06 |
| Prepayment lockout end | 08-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | SMC |
| 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 |
Extra Space Storage - Marvin D. Love
| Property | Extra Space Storage - Marvin D. Love |
| Address | 3724 Marvin D. Love Freeway; Dallas, TX 752241 |
| Property type | Self storage |
| Units, beds or keys | 391 |
| Net rentable square feet | 44,094 |
| Year built | 1984 |
| Year last renovated | not yet reported |
| Original balance | $4.1M |
| Current balance | $4.1M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 6.18% |
| Current interest rate | 6.18% |
| Origination date | 09-29-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 06-30-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $317,163 |
| Operating expenses | $124,336 |
| Net operating income | $192,827 |
| Net cash flow | $189,293 |
| DSCR (net cash flow) | 1.48 |
| DSCR (net operating income) | 1.51 |
| Occupancy | 91% |
| Servicer advances outstanding | $0 |
Bent Pine MHP
| Property | Bent Pine MHP |
| Address | 327 Shanklin Road; Beaufort, SC 29906 |
| Property type | Manufactured housing |
| Units, beds or keys | 59 |
| Net rentable square feet | not yet reported |
| Year built | 1985 |
| Year last renovated | not yet reported |
| Original balance | $3.6M |
| Current balance | $3.6M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 6.38% |
| Current interest rate | 6.38% |
| Origination date | 09-08-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-10-01 |
| Prepayment lockout end | 09-30-2027 |
| Yield maintenance end | 05-31-2030 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| 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 |
Lone Star Secure Storage
| Property | Lone Star Secure Storage |
| Address | 4801 North Loop 256; Palestine, TX 75803 |
| Property type | Self storage |
| Units, beds or keys | 285 |
| Net rentable square feet | 41,420 |
| Year built | 2008 |
| 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 | 6.57% |
| Current interest rate | 6.57% |
| Origination date | 10-08-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-11-06 |
| Prepayment lockout end | 08-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | SMC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $215,860 |
| Operating expenses | $83,770 |
| Net operating income | $132,090 |
| Net cash flow | $130,434 |
| DSCR (net cash flow) | 1.46 |
| DSCR (net operating income) | 1.47 |
| Occupancy | 98% |
| Servicer advances outstanding | $0 |