← BBCMS Mortgage Trust 2025-5C38 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2025-5C38
- Current balance
- $2.6M (September 2026)
- Share of deal
- 0.3%
- Status
- 90+ days delinquent
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2030-10-06
Property and terms
| Property | 1624 UNIVERSITY |
| Address | 1624 UNIVERSITY AVENUE; Bronx, NY 10543 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 14,400 |
| Year built | 1910 |
| Year last renovated | 2001 |
| Original balance | $2.6M |
| Current balance | $2.6M (September 2026) |
| Share of deal balance | 0.3% |
| Interest rate at origination | 7.40% |
| Current interest rate | 7.40% |
| Origination date | 10-01-2025 |
| 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 | BSPRT CMBS Finance, LLC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $4.2M | 08-14-2025 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| ALEJANDRO WILLIAMS, DDS | 3,750 | 12-31-2034 |
| AW MEDICAL OFFICE | 1,500 | 12-31-2034 |
| SPM DENTAL LAB | 750 | 12-31-2029 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2025 | $2.6M | Current | 7.40% | 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 |
| December 2025 | $2.6M | Current | 7.40% | 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 | $2.6M | Current | 7.40% | 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 | $2.6M | 60-89 days delinquent | 7.40% | not yet reported | not yet reported | not yet reported | $33,124 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $2.6M | 30-59 days delinquent | 7.40% | not yet reported | not yet reported | not yet reported | $31,522 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2026 | $2.6M | 60-89 days delinquent | 7.40% | not yet reported | not yet reported | not yet reported | $48,084 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2026 | $2.6M | Current | 7.40% | 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 | $2.6M | Matured balloon, non-performing | 7.40% | not yet reported | not yet reported | not yet reported | $16,562 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $2.6M | 30-59 days delinquent | 7.40% | not yet reported | not yet reported | not yet reported | $32,590 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $2.6M | 60-89 days delinquent | 7.40% | not yet reported | not yet reported | not yet reported | $49,152 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $2.6M | 90+ days delinquent | 7.40% | not yet reported | not yet reported | not yet reported | $65,714 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
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.
Status timeline
| Date | Event |
|---|---|
| February 2026 | First reported 30 or more days delinquent |
| 2026-02-04 | Transferred to the special servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.