← BBCMS Mortgage Trust 2025-C39 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2025-C39
- Current balance
- $32.5M (September 2026)
- Share of deal
- 4.0%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2035-09-11
Property and terms
| Property | 4 Union Square South |
| Address | 44 East 14th Street; New York, NY 10003 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 204,189 |
| Year built | 1971 |
| Year last renovated | 2003 |
| Original balance | $32.5M |
| Current balance | $32.5M (September 2026) |
| Share of deal balance | 4.0% |
| Interest rate at origination | 5.64% |
| Current interest rate | 5.64% |
| Origination date | 08-12-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-09-11 |
| Prepayment lockout end | 03-10-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $290.0M | 05-12-2025 | MAI |
| Most recent reported | $290.0M | 2025-05-12 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Burlington | 92,602 | 03-31-2030 |
| Whole Foods | 61,097 | 11-30-2040 |
| DSW | 30,762 | 10-31-2034 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2025 | $32.5M | Current | 5.64% | 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 | $32.5M | Current | 5.64% | 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 | $32.5M | 30-59 days delinquent | 5.64% | not yet reported | not yet reported | not yet reported | $315,655 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $32.5M | 30-59 days delinquent | 5.64% | not yet reported | not yet reported | not yet reported | $458,209 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2026 | $32.5M | Current | 5.64% | 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 | $32.5M | Current | 5.64% | 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 | $32.5M | Current | 5.64% | 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 | $32.5M | Current | 5.64% | 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 | $32.5M | Current | 5.64% | 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 | $32.5M | Current | 5.64% | 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 |
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 |
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: Bank 2025-BNK51; Wells Fargo Commercial Mortgage Trust 2025-C65.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.