← BBCMS Mortgage Trust 2026-5C40 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2026-5C40
- Current balance
- $28.0M (September 2026)
- Share of deal
- 3.4%
- Status
- Current
- DSCR (latest)
- 2.25
- Occupancy (latest)
- 93%
- Scheduled maturity
- 2031-01-01
Property and terms
| Property | Northshore Mall |
| Address | 210 Andover Street; Peabody, MA 1960 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,603,756 |
| Year built | 1958 |
| Year last renovated | 1978 |
| Original balance | $28.0M |
| Current balance | $28.0M (September 2026) |
| Share of deal balance | 3.4% |
| Interest rate at origination | 0.06% |
| Current interest rate | 6.35% |
| Origination date | 12-18-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2031-01-01 |
| Prepayment lockout end | 09-30-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Servicing Shift |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $294.0M | 11-14-2025 | MAI |
| Most recent reported | $294.0M | 2025-11-14 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Macy's | 200,000 | 08-31-2058 |
| J.C. Penny Co | 138,212 | 08-31-2058 |
| Dick's House of Sport | 138,000 | 02-28-2035 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2026 | $28.0M | Current | 6.35% | 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 | $28.0M | Current | 6.35% | 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 | $28.0M | Current | 6.35% | 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 | $28.0M | Current | 6.35% | 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 | $28.0M | Current | 6.35% | 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 | $28.0M | Current | 6.35% | 2.25 | 2.36 | 93% | $0 | 03-31-2026 | $10.6M | $3.5M | $7.0M | $6.7M |
| August 2026 | $28.0M | Current | 6.35% | 2.25 | 2.36 | 93% | $0 | 03-31-2026 | $10.6M | $3.5M | $7.0M | $6.7M |
| September 2026 | $28.0M | Current | 6.35% | 2.25 | 2.36 | 93% | $0 | 03-31-2026 | $10.6M | $3.5M | $7.0M | $6.7M |
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: BANK5 2026-5YR20; Benchmark 2026-V20 Mortgage Trust; BMO 2026-5C14 Mortgage Trust; Wells Fargo Commercial Mortgage Trust 2020-C58 (segment D02, CIK 1827054); Wells Fargo Commercial Mortgage Trust 2025-5C7 (segment D37, CIK 850779); Wells Fargo Commercial Mortgage Trust 2026-5C8.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.