Metro area
Trenton-Princeton CMBS loans
The Trenton-Princeton, NJ metro has 23 loans in public CMBS trusts with $773.3M outstanding. 9.8% of the balance is with a special servicer and 4.3% is delinquent. 5 loans ($204.1M) mature by the end of 2027.
By property type
| Type | Loans | Balance | Special servicing |
|---|---|---|---|
| Office | 6 | $277.3M | 15.4% |
| Industrial | 3 | $100.0M | 0.0% |
| Other | 1 | $94.1M | 0.0% |
| Multifamily | 2 | $91.3M | 0.0% |
| Mixed use | 2 | $81.2M | 40.9% |
| Retail | 4 | $55.6M | 0.0% |
| Hotel | 2 | $54.7M | 0.0% |
| Self storage | 2 | $10.1M | 0.0% |
| Manufactured housing | 1 | $9.0M | 0.0% |
Due in the next 12 months
Loans in Trenton-Princeton
All 23, largest first.
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sandoz Inc. | Princeton, NJ | Other | $94.1M | 4.369% | Nov 2027 | n/a | n/a | Current |
| 33 West State Street and 50 East State Street | Trenton, NJ | Office | $90.0M | 7.35% | Feb 2029 | 1.53x | 94% | Current |
| University Square, Princeton | Princeton, NJ | Office | $69.2M | 3.80% | Jul 2029 | 0.20x | 62% | Current |
| Princeton Place | Pennington, NJ | Office | $51.4M | 4.192% | Oct 2027 | 2.09x | 91% | Current |
| Brookside Gardens | Hamilton, NJ | Multifamily | $50.0M | 6.54% | Oct 2030 | 1.17x | 92% | Current |
| 329 Wyckoff Mills Road | East Windsor, NJ | Industrial | $49.5M | 3.464% | Sep 2030 | 4.04x | 100% | Current |
| Princeton R&d Portfolio | Princeton, NJ | Mixed use | $48.0M | 6.437% | Aug 2030 | n/a | n/a | Current |
| 500 Charles Ewing Boulevard (Project Olympic - Ewing) | Ewing, NJ | Office | $42.7M | 8.272% | Jul 2028 | n/a | n/a | With the special servicer |
| Princeton Gardens | Princeton, NJ | Multifamily | $41.3M | 5.71% | Jan 2031 | n/a | n/a | Current |
| Lawrence Logistics Center | Lawrence Township, NJ | Industrial | $35.0M | 7.235% | Aug 2036 | n/a | n/a | Current |
| American Metro Center | Hamilton, NJ | Mixed use | $33.2M | 4.15% | Oct 2029 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Hyatt Regency Princeton | Princeton, NJ | Hotel | $30.7M | 4.551% | Jul 2027 | n/a | n/a | Current |
| Princeton Marriott | Princeton, NJ | Hotel | $24.0M | 5.482% | Dec 2028 | n/a | n/a | Current |
| Suburban Square (NJ) | Ewing Township, NJ | Retail | $18.5M | 6.87% | Jul 2030 | n/a | n/a | Current |
| Hamilton Business Center | Hamilton Township, NJ | Industrial | $15.5M | 4.595% | Jul 2027 | 3.51x | 100% | Current |
| The Court at Hamilton | Hamilton, NJ | Retail | $13.0M | 3.55% | Mar 2030 | 2.00x | 98% | Current |
| Shoppes at Foxmoor | Robbinsville, NJ | Retail | $12.5M | 5.256% | May 2032 | 1.81x | 91% | Current |
| One Independence Way | Princeton, NJ | Office | $12.4M | 5.32% | Sep 2027 | 0.87x | 77% | Current |
| CVS Trenton | Trenton, NJ | Retail | $11.7M | 3.785% | Dec 2029 | n/a | n/a | Current |
| 2300 Route 33 | Robbinsville Township, NJ | Office | $11.6M | 3.132% | Jan 2031 | 1.85x | 100% | Current |
| Shady Rest Mobile Home Park | East Windsor, NJ | Manufactured housing | $9.0M | 6.24% | Nov 2034 | 1.70x | 93% | Current |
| Omega Self Storage Lawrenceville | Lawrence Township, NJ | Self storage | $6.0M | 5.967% | Dec 2030 | n/a | n/a | Current |
| Hogan Self Storage | Pennington, NJ | Self storage | $4.1M | 3.98% | Mar 2030 | 1.09x | 81% | Current |
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