← Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1 · Loan annex · CMBS market
- Deal
- Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1
- Current balance
- $35.0M (September 2026)
- Share of deal
- 3.8%
- Status
- Current
- DSCR (latest)
- 1.63
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2030-03-01
Property and terms
| Property | Cord Meyer Retail Portfolio (and 5 more properties) |
| Address | 108-27 Queens Boulevard; 108-36 Queens Boulevard; 111-01 Queens Boulevard; 72-09 Northern Boulevard; 75-10 Northern Boulevard; 68-01 Northern Boulevard; Forest Hills, NY (and 5 more) 11375 |
| Property type | Multiple property types |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 161,618 |
| Year built | not yet reported |
| Year last renovated | ["1975", "1996", "1994"] |
| Original balance | $35.0M |
| Current balance | $35.0M (September 2026) |
| Share of deal balance | 3.8% |
| Interest rate at origination | 6.60% |
| Current interest rate | 6.60% |
| Origination date | 02-14-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-03-01 |
| Prepayment lockout end | 08-31-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $82.3M | 12-17-2024 | not yet reported |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Sylvan Forester Garage Corp. | not yet reported | ["02-28-2034", "01-31-2030", "01-31-2027", "05-31-2044"] |
| CHICK-FIL-A | 21,025 | 05-31-2044 |
| Car City Nissan LLC | 20,000 | 06-30-2029 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2025 | $35.0M | Current | 6.60% | 1.89 | 1.89 | 86% | $0 | 12-31-2024 | $6.3M | $1.8M | $4.4M | $4.4M |
| April 2025 | $35.0M | Current | 6.60% | 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 2025 | $35.0M | Current | 6.60% | 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 2025 | $35.0M | Current | 6.60% | 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 2025 | $35.0M | Current | 6.60% | 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 2025 | $35.0M | Current | 6.60% | 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 2025 | $35.0M | Current | 6.60% | 2.25 | 2.42 | 94% | $0 | 06-30-2025 | $7.8M | $2.1M | $5.7M | $5.3M |
| October 2025 | $35.0M | Current | 6.60% | 2.25 | 2.42 | 94% | $0 | 06-30-2025 | $7.8M | $2.1M | $5.7M | $5.3M |
| November 2025 | $35.0M | Current | 6.60% | 2.25 | 2.42 | 94% | $0 | 06-30-2025 | $7.8M | $2.1M | $5.7M | $5.3M |
| December 2025 | $35.0M | Current | 6.60% | 2.25 | 2.42 | 88% | $0 | 06-30-2025 | $7.8M | $2.1M | $5.7M | $5.3M |
| January 2026 | $35.0M | Current | 6.60% | 2.24 | 2.41 | 88% | $0 | 09-30-2025 | $7.7M | $2.1M | $5.6M | $5.2M |
| February 2026 | $35.0M | Current | 6.60% | 2.24 | 2.41 | 88% | $0 | 09-30-2025 | $7.7M | $2.1M | $5.6M | $5.2M |
| March 2026 | $35.0M | Current | 6.60% | 2.24 | 2.41 | 88% | $0 | 09-30-2025 | $7.7M | $2.1M | $5.6M | $5.2M |
| April 2026 | $35.0M | Current | 6.60% | 2.24 | 2.41 | 88% | $0 | 09-30-2025 | $7.7M | $2.1M | $5.6M | $5.2M |
| May 2026 | $35.0M | Current | 6.60% | 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 | $35.0M | Current | 6.60% | 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 | $35.0M | Current | 6.60% | 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 | $35.0M | Current | 6.60% | 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 | $35.0M | Current | 6.60% | 1.63 | 1.81 | 100% | $0 | 06-30-2026 | $6.6M | $2.4M | $4.2M | $3.8M |
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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.