- Current pool balance
- $626.1M (September 2026)
- Original pool balance
- $626.1M
- Loans at issuance
- 25
- Closing date
- 2026-06-01
- Weighted average coupon at issuance
- 6.71%
- Weighted average LTV at issuance
- 30.8%
- 30+ delinquent (latest)
- 0.00%
- Realized stress score
- 8.8
- Net rating change since issuance
- not yet reported
Tranches
| Class | Original balance | Credit support (computed) | Coupon | CUSIP | Fitch | KBRA | S&P | Moody's | DBRS |
|---|---|---|---|---|---|---|---|---|---|
| A-1 | $1.3M | 99.80% | 4.844% fixed | 09664LAA9 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| A-2 | $72.0M | 88.30% | 5.199% fixed | 09664LAB7 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| A-3 | $365.0M | 30.00% | 5.684% fixed | 09664LAC5 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| A-S | $60.3M | 20.38% | 5.984% floating (WAC) | 09664LAF8 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| B | $31.3M | 15.38% | 6.235% floating (WAC) | 09664LAG6 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| C | $23.5M | 11.63% | 6.080% floating (WAC) | 09664LAH4 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| D | $16.1M | 9.05% | 4.500% fixed | 09664LAL5 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| E-RR | $11.3M | 7.25% | 6.684% floating (WAC) | 09664LAP6 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| F-RR | $8.6M | 5.88% | 6.684% floating (WAC) | 09664LAR2 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| G-RR | $9.4M | 4.38% | 6.684% floating (WAC) | 09664LAT8 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| J-RR | $27.4M | 0.00% | 6.684% floating (WAC) | 09664LAV3 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| R | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| X-A | $438.3M | Interest only | 1.083% floating | 09664LAD3 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| X-B | $115.1M | Interest only | 0.613% floating | 09664LAE1 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| X-D | $16.1M | Interest only | 2.184% floating | 09664LAJ0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.
Pool at issuance
| Loans | 25 |
| Original loan balance | $626.2M |
| Weighted average coupon | 6.71% |
| Weighted average LTV | 30.8% |
| Median loan LTV | 27.6% |
| Full-term interest only (share of balance) | 96.0% |
| Balloon loans (share of balance) | 100.0% |
| Largest loan (share of balance) | 10.0% |
| Five largest loans (share of balance) | 42.4% |
| Occupancy at issuance (weighted average) | 95.1% |
Realized outcomes
| Months reported | 4 |
| Peak 30+ delinquency | 0.00% (June 2026) |
| Ever severe (share of original balance) | 0.00% |
| Ever modified (share of original balance) | 0.00% |
| Past scheduled maturity (share of original balance) | 0.00% |
| Non-performing matured (share of original balance) | 44.35% |
| Maximum servicer advances (share of balance) | 0.01% |
| Median DSCR, first year | 1.54 |
| Median DSCR, latest | 1.54 |
| Realized stress score | 8.8 |
Property types
| Property type | Original balance | Share of pool |
|---|---|---|
| Multifamily | $204.2M | 32.6% |
| Industrial | $198.3M | 31.7% |
| Retail | $119.3M | 19.1% |
| Office | $61.5M | 9.8% |
| Mixed use | $34.2M | 5.5% |
| Multiple property types | $8.5M | 1.4% |
Property type is reported for 100.0% of the pool balance; shares are of the full pool.
Largest loans
| Property | Location | Original balance | Share of pool | Coupon | Originated |
|---|---|---|---|---|---|
| ["9295 & 9315 Prototype Drive", "3700 S. Kedzie Avenue", "401 East Elm Street", "1351 S. Wheeling Road", "4400 West 35th Place", "Cannon Industrial Portfolio", "1900 S. 25th Avenue"] | ["Reno", "Chicago", "Clyde", "Wheeling", "Chicago", "Chicago", "Chicago"], ["NV", "IL", "OH", "IL", "IL", "IL", "IL"] | $62.6M | 10.0% | 6.24% | 2026 |
| FreshDirect HQ | Bronx, NY | $62.6M | 10.0% | 7.03% | 2026 |
| Shore Front Parkway Apartments | Rockaway, NY | $51.0M | 8.1% | 6.56% | 2026 |
| ["Mountain Industrial Portfolio", "1151 South Graham Road", "584 US Highway 130", "590 Northport Parkway", "8341 Industrial Parkway", "650 Braselton Parkway", "482 Chaney Avenue", "5000 North Ridge Trail", "5005 Samuell Blvd.", "635 Community Drive", "6538 & 6526 Judge Adams Road", "4350 Fortune Ave NW", "6735 Trippel Road", "1509 Leestown Road", "1601 Brown Road", "22525 West 167th Street", "1414 South Council Road", "4690 Global Avenue NW", "3466 Shippers Drive", "4555 West Highway 146", "9780 Mopar Drive", "3779 Lake Shore Road", "2000 South Walnut Street", "3774 Snyder Road", "8951 Mirabel Road", "8411 Florida Mining Boulevard", "900 Hutchinson Place", "5440 Haggerty Lane", "5703 Mitchell Avenue", "1103 Powderhouse Road SE", "3200 Rodeo Court", "14001 Jetport Loop", "505 Morgan Lakes Industrial Blvd.", "21200 Spring Plaza Drive", "3058 Lakemont Blvd", "2000 Luna Road", "101 North Campus Drive", "4651 Prosper Drive", "5025 Tuggle Road", "450 Northpointe Court", "1602 Vincent Drive", "8644 Polk Lane", "800 Lindale Industrial Parkway", "2465 Fontaine Street", "1430 South Wolf Road", "2552 South 98th Street", "1000 Knell Road", "747 Mill Park Drive", "502 West Independence Drive", "38401 Amrhein Road", "6101 SW 44th Street", "700 Hudson Road", "685 Alliance Parkway", "5101 West Waters Avenue", "1935 Blue Hills Drive", "16211 Air Center Boulevard", "8800 Studley Road", "6 Konzen Court", "5300 International Drive", "1289 Walden Avenue", "10551 N Congress Avenue", "3736 Tom Andrews Road", "2701 South 98th Street", "231 Theater Drive", "3404 Cragmont Drive", "4 Liebich Lane", "4040 Business Park Court", "1270 North Wilkening", "4472 Technology Drive", "28000 Five M Center Drive", "3383 Spirit Way", "9667 Inter-Ocean Drive", "2427 Henry Road NW", "1115 Regina Graeter Way", "831 Lone Star Drive", "4170 Columbia Road", "6023 Century Oaks Drive", "2300 Westmoreland Street", "246 Glasson Drive", "2759 North Garnett Road", "1122 Stony Ridge Road", "5313 Majestic Parkway", "2901 E Heartland Drive", "1900 Interstate Boulevard", "50 Hollow Tree Lane", "440 US Highway 49 South", "7569 Golf Course Boulevard", "4401 112th Street", "105 Business Park Drive", "7019 High Grove Boulevard"] | ["Locust Grove", "Greenwood", "Trenton", "Savannah", "Plain City", "Braselton", "Greenwood", "Davenport", "Mesquite", "South Burlington", "Whitsett", "Concord", "Mobile", "Frankfort", "Orion", "Olathe", "Oklahoma City", "Concord", "Grand Rapids", "Buckner", "Streetsboro", "Hamburg", "Burlington", "Kodak", "Indianapolis", "Tampa", "Lebanon", "LaFayette", "St. Joseph", "Aiken", "Bessemer", "Fort Myers", "Savannah", "Spring", "Fort Mill", "Carrollton", "Imperial", "Stow", "Memphis", "Covington", "Sauget", "Olive Branch", "Lindale", "Kenton", "Wheeling", "Edwardsville", "Montgomery", "Lancaster", "Edinburg", "Livonia", "Oklahoma City", "Griffin", "Hewitt", "Tampa", "Roanoke", "Houston", "Mechanicsville", "Granite City", "Cudahy", "Cheektowaga", "Kansas City", "Roanoke", "Edwardsville", "Duncansville", "Tampa", "Halfmoon", "Winston-Salem", "Schaumburg", "Rockford", "Romulus", "Green Bay", "Cincinnati", "Stewartville", "Cincinnati", "O'Fallon", "Lebanon", "Chattanooga", "Richmond", "Corpus Christi", "Tulsa", "Charlottesville", "Bedford Heights", "Liberty", "Lakeland", "Newington", "Richland", "Punta Gorda", "Urbandale", "Ridgeland", "Burr Ridge"], ["GA", "IN", "NJ", "GA", "OH", "GA", "IN", "FL", "TX", "VT", "NC", "NC", "AL", "KY", "MI", "KS", "OK", "NC", "MI", "KY", "OH", "NY", "WA", "TN", "IN", "FL", "TN", "IN", "MO", "SC", "AL", "FL", "GA", "TX", "SC", "TX", "PA", "OH", "TN", "LA", "IL", "MS", "TX", "OH", "IL", "KS", "IL", "OH", "TX", "MI", "OK", "GA", "TX", "FL", "VA", "TX", "VA", "IL", "WI", "NY", "MO", "VA", "KS", "PA", "FL", "NY", "NC", "IL", "IL", "MI", "WI", "OH", "MN", "OH", "MO", "OH", "TN", "VA", "TX", "OK", "VA", "OH", "MO", "FL", "CT", "MS", "FL", "IA", "MS", "IL"] | $45.8M | 7.3% | 5.10% | 2026 |
| Deptford Mall | Deptford, NJ | $43.5M | 6.9% | 6.95% | 2026 |
Delinquency and stress indicator
▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)
Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.
Ratings
| Classes with a CUSIP | 14 of 15 |
| Classes with a current rating in the dataset | 0 of 15 |
| Net rating change since issuance | not yet reported |
| Delinquency threshold crossed | Not crossed in the dataset |
| First downgrade | None recorded |
Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.