← Benchmark 2025-V16 Mortgage Trust (segment D02, CIK 2060845) · Loan annex · CMBS market
- Deal
- Benchmark 2025-V16 Mortgage Trust (segment D02, CIK 2060845)
- Current balance
- $73.3M (July 2026)
- Share of deal
- 9.0%
- Status
- Current
- DSCR (latest)
- 1.98
- Occupancy (latest)
- 93%
- Scheduled maturity
- 2027-01-01
Property and terms
| Property | THE SUMMIT BIRMINGHAM |
| Address | 214 SUMMIT BOULEVARD; Birmingham, AL 35243 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 681,245 |
| Year built | 1997 |
| Year last renovated | 2009 |
| Original balance | $73.3M |
| Current balance | $73.3M (July 2026) |
| Share of deal balance | 9.0% |
| Interest rate at origination | 4.76% |
| Current interest rate | 4.76% |
| Origination date | 12-20-2016 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2027-01-01 |
| Prepayment lockout end | 06-30-2026 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $383.0M | 11-07-2016 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Belk | 163,480 | 01-31-2028 |
| Barnes & Noble | 25,397 | 02-01-2028 |
| Morgan and Morgan | 25,024 | 03-31-2031 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2026 | $73.3M | Current | 4.76% | 1.82 | 1.93 | 92% | $0 | 09-30-2025 | $26.8M | $7.4M | $19.4M | $18.2M |
| July 2026 | $73.3M | Current | 4.76% | 1.98 | 2.10 | 93% | $0 | 03-31-2026 | $28.2M | $7.1M | $21.1M | $19.9M |
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: Bank 2017-BNK4 (segment D02, CIK 1698685); Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3; BBCMS Mortgage Trust 2017-C1; Wells Fargo Commercial Mortgage Trust 2017-RB1.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.