Mixed use loans in CMBS
Public CMBS trusts hold 827 mixed use loans with $27.6B outstanding. 5.6% of that balance is with a special servicer and 2.9% is delinquent. The median loan reports 1.81x debt service coverage today against 1.76x when it was underwritten, and 98% occupancy against 98%.
When mixed use loans mature
| Maturity | Loans | Balance | Special servicing | Delinquent |
|---|---|---|---|---|
| Past due | 2 | $122.8M | $122.8M | $13.6M |
| 2026 | 23 | $858.9M | $403.8M | $139.1M |
| 2027 | 103 | $3.8B | $525.2M | $277.7M |
| 2028 | 108 | $2.4B | $140.8M | $122.9M |
| 2029 | 186 | $7.0B | $65.2M | $65.2M |
| 2030 | 131 | $4.6B | $161.9M | $48.5M |
| 2031 | 144 | $4.2B | $39.1M | $39.1M |
| Later | 130 | $4.6B | $83.2M | $83.2M |
Where they are
- New York-Newark-Jersey City $12B
- Boston-Cambridge-Newton $3B
- Los Angeles-Long Beach-Anaheim $2B
- Chicago-Naperville-Elgin $986M
- San Francisco-Oakland-Fremont $816M
- Washington-Arlington-Alexandria $724M
- Philadelphia-Camden-Wilmington $572M
- Miami-Fort Lauderdale-West Palm Beach $567M
- Dallas-Fort Worth-Arlington $498M
- Sacramento-Roseville-Folsom $384M
- Seattle-Tacoma-Bellevue $370M
- San Diego-Chula Vista-Carlsbad $365M
- Atlanta-Sandy Springs-Roswell $359M
- Phoenix-Mesa-Chandler $343M
- Houston-Pasadena-The Woodlands $317M
Delinquent or with the special servicer
48 loans, largest first.
| Property | Location | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|
| Key Center Cleveland | Cleveland, OH | $157.3M | 5.31% | Feb 2027 | 1.84x | 89% | With the special servicer |
| 681 Fifth Avenue | New York, NY | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| 1350 West Middlefield Road | Mountain View, CA | $109.2M | 4.30% | Jun 2024 | n/a | n/a | With the special servicer |
| 90 Fifth Avenue | New York, NY | $104.5M | 4.307% | Jul 2027 | 0.17x | 3% | With the special servicer and 90+ days delinquent |
| 8 Times Square & 1460 Broadway | New York, NY | $100.0M | 4.05% | Nov 2026 | 2.01x | 100% | With the special servicer |
| 85 Tenth Avenue | New York, NY | $100.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| 20 Times Square, New York (2026 maturity), loan 1 in UBS Commercial Mortgage Trust 2018-C11 | New York, NY | $64.7M | 3.108% | May 2026 | n/a | n/a | With the special servicer |
| Writer Square | Denver, CO | $59.6M | 5.099% | Jan 2027 | 0.23x | 36% | With the special servicer |
| Seven Hills Plaza Property | Aurora, CO | $57.9M | 3.67% | Mar 2030 | n/a | n/a | With the special servicer |
| 2 Executive | Fort Lee, NJ | $54.5M | 6.219% | Apr 2033 | n/a | 93% | With the special servicer and 90+ days delinquent |
| Gateway I & II | New York, NY | $50.1M | 4.69% | Feb 2027 | 0.93x | 96% | With the special servicer and 90+ days delinquent |
| Prince and Spring Street Portfolio | NY | $41.0M | 5.34% | Apr 2028 | 0.59x | 98% | With the special servicer and 90+ days delinquent |
| 3rd & Pine Seattle Retail & Parking | Seattle, WA | $35.2M | 4.54% | Mar 2028 | 0.62x | 100% | With the special servicer and 90+ days delinquent |
| 1019 Market Street | San Francisco, CA | $33.5M | 3.78% | Jan 2030 | n/a | n/a | With the special servicer |
| American Metro Center | Hamilton, NJ | $33.2M | 4.15% | Oct 2029 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| 580 Walnut Street | Cincinnati, OH | $29.9M | 4.74% | Feb 2027 | 1.24x | 87% | With the special servicer and 90+ days delinquent |
| Valencia Town Center | Santa Clarita, CA | $29.2M | 4.186% | Dec 2027 | 1.55x | 85% | With the special servicer and 90+ days delinquent |
| 20 West 37th Street | New York, NY | $27.5M | 4.732% | Jan 2027 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Independence Lofts | Philadelphia, PA | $26.3M | 3.56% | Sep 2031 | n/a | n/a | With the special servicer and 60-89 days delinquent |
| 260 West 36th Street | New York, NY | $23.5M | 4.47% | Mar 2027 | 0.06x | 55% | With the special servicer and 90+ days delinquent |
| 644 Broadway | San Francisco, CA | $21.2M | 4.997% | Apr 2028 | 0.81x | 88% | With the special servicer and 90+ days delinquent |
| Flats East Bank Phase I | Cleveland, OH | $20.6M | 5.885% | Apr 2027 | 0.49x | 54% | With the special servicer |
| 25 Jay Street | Brooklyn, NY | $18.5M | 3.95% | Feb 2030 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 63 Spring Street | New York, NY | $18.5M | 4.15% | Jun 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Stone & Montague Portfolio | NY | $15.5M | 4.35% | Nov 2030 | 1.22x | 100% | With the special servicer |
| 2857 West 8th Street | Brooklyn, NY | $14.3M | 4.80% | Apr 2028 | 0.34x | 59% | With the special servicer |
| 205-16 Linden Boulevard | Saint Albans, NY | $14.0M | 6.77% | Mar 2030 | n/a | n/a | With the special servicer and 60-89 days delinquent |
| Peninsula Town Center, Hampton (2025 maturity) | Hampton, VA | $13.6M | 4.83% | Dec 2025 | n/a | n/a | Past maturity and not performing |
| 350 West Broadway | New York, NY | $13.4M | 3.721% | Dec 2030 | -0.85x | 23% | With the special servicer and 90+ days delinquent |
| 403 South Raymond Avenue | Pasadena, CA | $12.8M | 3.945% | Dec 2031 | 3.23x | 100% | With the special servicer and 90+ days delinquent |
| 3820 Broadway | New York, NY | $10.0M | 4.99% | Mar 2032 | 1.28x | 98% | With the special servicer and 90+ days delinquent |
| Cascade Building | Portland, OR | $10.0M | 3.645% | Oct 2027 | 0.42x | 42% | With the special servicer |
| 2415 Mission Street | San Francisco, CA | $9.3M | 5.42% | Aug 2028 | 0.64x | 89% | With the special servicer and 90+ days delinquent |
| 3450 Broadway | New York, NY | $8.9M | 4.73% | Feb 2032 | 1.27x | 100% | With the special servicer and 90+ days delinquent |
| 1027-1031 West Madison Street | Chicago, IL | $8.5M | 4.75% | Sep 2028 | 1.21x | 47% | With the special servicer and 90+ days delinquent |
| 180 1st Avenue | New York, NY | $7.1M | 6.78% | Nov 2029 | 0.54x | 94% | With the special servicer and 90+ days delinquent |
| Montgomery Triangle Gateway | Montgomery, OH | $7.0M | 5.40% | Feb 2027 | 0.20x | 70% | With the special servicer and 90+ days delinquent |
| Baltimore Station | Detroit, MI | $6.5M | 4.33% | Nov 2030 | 0.87x | 91% | With the special servicer |
| Deerfield Village Centre | Deerfield, IL | $6.4M | 4.99% | May 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 1566 Third Avenue | New York, NY | $6.0M | 4.32% | Jun 2027 | -0.26x | 21% | With the special servicer and 90+ days delinquent |
| 1815-1817 Putnam Avenue | Ridgewood, NY | $5.7M | 7.33% | Sep 2028 | 0.94x | 100% | With the special servicer and 90+ days delinquent |
| 534 Flatbush Ave-Brooklyn | Brooklyn, NY | $4.1M | 5.321% | Dec 2026 | 0.95x | 100% | With the special servicer and 90+ days delinquent |
| 93 Grand Street | New York, NY | $3.6M | 5.09% | Apr 2028 | 1.95x | 100% | With the special servicer |
| 1835 Amsterdam Avenue | New York, NY | $3.6M | 4.93% | Feb 2032 | 0.93x | 100% | With the special servicer and 90+ days delinquent |
| 561 Clinton Street | Brooklyn, NY | $3.5M | 6.60% | Sep 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 2015 Walnut Street | Philadelphia, PA | $2.7M | 5.95% | Aug 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 1624 University | Bronx, NY | $2.6M | 7.40% | Oct 2030 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 84 Hoyt Street | Brooklyn, NY | $2.0M | 7.88% | Sep 2028 | 1.28x | 100% | With the special servicer and 90+ days delinquent |
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