Mixed use · Bronx, New York
1624 University
1624 University is financed with a $2.6M CMBS loan at 7.40% that reaches maturity on October 6, 2030, in 3 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $2,600,000
- Original balance (same notes)
- $2,600,000
- Interest rate
- 7.40% fixed
- Originated
- October 1, 2025
- Maturity
- October 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2030
- Master servicer
- Trimont LLC
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 4, 2026
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 1624 University Avenue, Bronx, NY 10543
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 14,400 sq ft
- Built
- 1910, renovated 2001
- Largest tenants
- ALEJANDRO WILLIAMS, DDS; AW MEDICAL OFFICE; SPM DENTAL LAB
- Value at securitization
- $4.2M (Aug 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.41x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $275K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2025-5C38 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since February 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.6M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $2.6M | 60-89 days delinquent | Yes | n/a | n/a |
| July 2026 | $2.6M | 30-59 days delinquent | Yes | n/a | n/a |
| June 2026 | $2.6M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| May 2026 | $2.6M | Current | Yes | n/a | n/a |
| April 2026 | $2.6M | 60-89 days delinquent | Yes | n/a | n/a |
| March 2026 | $2.6M | 30-59 days delinquent | Yes | n/a | n/a |
| February 2026 | $2.6M | 60-89 days delinquent | Yes | n/a | n/a |
| January 2026 | $2.6M | Current | No | n/a | n/a |
| December 2025 | $2.6M | Current | No | n/a | n/a |
| November 2025 | $2.6M | Current | No | n/a | n/a |
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.
Special-servicing history
- Transferred to the special servicer February 4, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-5C38 | 41 | $2,600,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 711 Fifth Avenue | New York, NY | Mixed use | $545.0M | 3.16% | Mar 2030 | 2.71x | 66% | Current |
| Kings Plaza | Brooklyn, NY | Retail | $487.0M | 3.359% | Jan 2030 | 2.38x | 91% | Current |
| Grace Building | New York, NY | Office | $450.0M | 2.692% | Dec 2030 | n/a | n/a | Current |
| 545 Washington Boulevard | Jersey City, NJ | Office | $251.6M | 3.405% | Feb 2030 | 2.00x | 91% | Current |
| 605 Third Avenue | New York, NY | Office | $231.0M | 1.938% | Dec 2030 | 4.66x | 83% | Current |
| The Spiral | New York, NY | Office | $200.0M | 5.50% | Jan 2030 | n/a | n/a | Current |
| 250 West 57th Street | New York, NY | Office | $180.0M | 2.829% | Dec 2030 | 4.41x | 85% | Current |
| Mall at Bay Plaza | The Bronx, NY | Retail | $170.0M | 6.715% | Nov 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.