← Bank 2025-BNK51 · Loan annex · CMBS market
- Deal
- Bank 2025-BNK51
- Current balance
- $58.0M (September 2026)
- Share of deal
- 5.8%
- Status
- Current
- DSCR (latest)
- 1.23
- Occupancy (latest)
- 61%
- Scheduled maturity
- 2035-12-05
Property and terms
| Property | 325 Buffalo Street (and 8 more properties) |
| Address | 325 Buffalo Street 301 Liberty Street; 2821 Muth Court; 1555 IL Route 75 E.; 4198 & 4200 North Holton Street; 4353 North Richards Street; 1900 East Pleasant Street; 190 East Polk Street; 300 Kent Street; 3411 North Hutchinson Street; Franklin, PA (and 8 more) 16323 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2023", "2013", "2015", "2015", "2023", "2023"] |
| Original balance | $58.5M |
| Current balance | $58.0M (September 2026) |
| Share of deal balance | 5.8% |
| Interest rate at origination | 6.38% |
| Current interest rate | 6.38% |
| Origination date | 11-17-2025 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2035-12-05 |
| Prepayment lockout end | 02-04-2028 |
| Yield maintenance end | 07-04-2035 |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | JPMCB |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $95.5M | not yet reported | not yet reported |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Grand Valley Manufacturing Company | not yet reported | ["02-28-2031", "06-30-2029", "12-31-2034", "12-31-2030", "01-31-2030", "07-31-2028", "12-31-2030", "12-31-2027", "01-31-2033"] |
| Qualex Manufacturing | not yet reported | ["12-31-2029", "01-31-2027", "12-31-2027", "03-31-2028", "02-29-2028"] |
| B and B Powdercoating and Sandblasting LLC | not yet reported | ["07-31-2030", "12-31-2027"] |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2025 | $58.5M | Current | 6.38% | 1.01 | 1.01 | 69% | $0 | 06-30-2025 | $8.1M | $3.7M | $4.4M | $4.4M |
| January 2026 | $58.5M | Current | 6.38% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $58.4M | Current | 6.38% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $58.3M | Current | 6.38% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2026 | $58.3M | Current | 6.38% | not yet reported | not yet reported | not yet reported | $0 | ["12-31-2025", "12-31-2025", "12-31-2025", "12-31-2025", "12-31-2025", "12-31-2025", "12-31-2025", "12-31-2025", "12-31-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2026 | $58.2M | Current | 6.38% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $58.2M | Current | 6.38% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $58.1M | Current | 6.38% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $58.1M | Current | 6.38% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $58.0M | Current | 6.38% | 1.23 | 1.35 | 61% | $0 | 06-30-2026 | $1.3M | $495,462 | $841,242 | $763,862 |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.