← BBCMS Mortgage Trust 2025-5C37 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2025-5C37
- Current balance
- $28.2M (September 2026)
- Share of deal
- 3.8%
- Status
- Current
- DSCR (latest)
- 1.20
- Occupancy (latest)
- 99%
- Scheduled maturity
- 2030-06-06
Property and terms
| Property | Poinciana Lakes Plaza |
| Address | 4690 Marigold Avenue; Poinciana, FL 34758 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 214,052 |
| Year built | 2024 |
| Year last renovated | not yet reported |
| Original balance | $28.2M |
| Current balance | $28.2M (September 2026) |
| Share of deal balance | 3.8% |
| Interest rate at origination | 0.07% |
| Current interest rate | 6.67% |
| Origination date | 06-03-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-06-06 |
| Prepayment lockout end | 07-05-2026 |
| Yield maintenance end | 12-05-2029 |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Goldman Sachs Bank USA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $69.5M | 10-19-2025 | MAI |
| Most recent reported | $69.5M | 2025-10-19 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| CR Fitness Poinciana, LLC | 35,000 | 05-31-2034 |
| Burlington Coat Factory Warehouse Corporation | 25,000 | 02-28-2035 |
| The TJX Companies, Inc | 24,000 | 05-31-2034 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 2025 | $28.2M | Current | 6.67% | 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 |
| October 2025 | $28.2M | Current | 6.67% | 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 |
| November 2025 | $28.2M | Matured balloon, non-performing | 6.67% | not yet reported | not yet reported | not yet reported | $161,788 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $28.2M | Current | 6.67% | 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 |
| January 2026 | $28.2M | Current | 6.67% | 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 | $28.2M | Current | 6.67% | 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 | $28.2M | Current | 6.67% | 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 | $28.2M | Current | 6.67% | 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 |
| May 2026 | $28.2M | Current | 6.67% | 1.26 | 1.29 | 97% | $0 | 03-31-2026 | $1.3M | $281,540 | $1.0M | $1.0M |
| June 2026 | $28.2M | Current | 6.67% | 1.26 | 1.29 | 97% | $0 | 03-31-2026 | $1.3M | $281,540 | $1.0M | $1.0M |
| July 2026 | $28.2M | Current | 6.67% | 1.26 | 1.29 | 97% | $0 | 03-31-2026 | $1.3M | $281,540 | $1.0M | $1.0M |
| August 2026 | $28.2M | Current | 6.67% | 1.26 | 1.29 | 99% | $0 | 03-31-2026 | $1.3M | $281,540 | $1.0M | $1.0M |
| September 2026 | $28.2M | Current | 6.67% | 1.20 | 1.23 | 99% | $0 | 06-30-2026 | $5.3M | $1.3M | $4.0M | $3.9M |
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.
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: Benchmark 2025-V16 Mortgage Trust (segment D01, CIK 2060845).
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.