Mixed use · New York, New York
101 Ludlow
101 Ludlow is financed with a $71.0M CMBS loan at 4.412% that reaches maturity on November 6, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $71,000,000
- Original balance (same notes)
- $71,000,000
- Interest rate
- 4.412% fixed
- Originated
- October 21, 2016
- Maturity
- November 6, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 5, 2026
- Master servicer
- Midland
- Originator
- JLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 101 Ludlow Street a/k/a 88-98 Delancey Street, New York, NY 10002
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 93,875 sq ft
- Units, rooms or beds
- 361
- Built
- 2009
- Largest tenants
- School of VisualArts, Inc.; Mr. Bacon Cheese and Eggs
- Value at securitization
- $112.0M (Aug 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 1.81x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $5.0M | $11.6M |
| Debt yield | 16.3% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the COMM 2017-COR2 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Matures within 12 months
- Largest tenant's lease ends within 12 months
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 133% above the underwritten figure ($11.6M a year against $5.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.56x at securitization to 1.81x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $71.0M | Current | No | 1.81x | 100% |
| August 2026 | $71.0M | Current | No | 1.74x | 100% |
| July 2026 | $71.0M | Current | No | 1.74x | 100% |
| June 2026 | $71.0M | Current | No | 1.74x | 100% |
| May 2026 | $71.0M | Current | No | n/a | n/a |
| April 2026 | $71.0M | Current | No | 1.62x | 100% |
| March 2026 | $71.0M | Current | No | 1.62x | 100% |
| February 2026 | $71.0M | Current | No | 1.62x | 100% |
| January 2026 | $71.0M | Current | No | 1.62x | 100% |
| December 2025 | $71.0M | Current | No | 1.62x | 100% |
| November 2025 | $71.0M | Current | No | 1.62x | 100% |
| October 2025 | $71.0M | Current | No | 1.81x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| COMM 2017-COR2 Mortgage Trust | 1 | $71,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other New York-Newark-Jersey City loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Novo Nordisk HQ | Plainsboro, NJ | Office | $210.7M | 2.838% | Nov 2026 | 4.18x | 78% | Current |
| 681 Fifth Avenue | New York, NY | Mixed use | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| The Essex | New York, NY | Mixed use | $117.0M | 2.759% | Nov 2026 | n/a | n/a | Current |
| 8 Times Square & 1460 Broadway | New York, NY | Mixed use | $100.0M | 4.05% | Nov 2026 | 2.01x | 100% | With the special servicer |
| 85 Tenth Avenue | New York, NY | Mixed use | $100.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| 55 Prospect Street, Brooklyn (2026 maturity) | Brooklyn, NY | Office | $72.9M | 4.05% | Sep 2026 | n/a | n/a | With the special servicer |
| 20 Times Square, New York (2026 maturity), loan 1 in CSAIL 2018-CX12 Commercial Mortgage Trust | New York, NY | Other | $64.7M | 3.108% | May 2026 | 4.15x | n/a | With the special servicer |
| 20 Times Square, New York (2026 maturity), loan 1 in UBS Commercial Mortgage Trust 2018-C11 | New York, NY | Mixed use | $64.7M | 3.108% | May 2026 | n/a | n/a | With the special servicer |
All loans maturing in 2026 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.