Mixed use · Fort Lee, New Jersey
2 Executive
2 Executive is financed with a $54.5M CMBS loan at 6.219% that reaches maturity on April 6, 2033, in 6 years and 5 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
- $54,500,000
- Original balance (same notes)
- $54,500,000
- Interest rate
- 6.219% fixed
- Originated
- March 8, 2023
- Maturity
- April 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2032
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 18, 2024
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 2 Executive Drive, Fort Lee, NJ 7024
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 290,922 sq ft
- Built
- 1986, renovated 2022
- Largest tenants
- U.S. GSA Fac Sport Center; Retrofitness Clubs LLC; Hudson Motors Partnership
- Value at securitization
- $84.0M (Oct 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | 95% | 93% |
| Net operating income | n/a | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2023-C19 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 all 12 monthly reports we hold (October 2025 to September 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.
What the filing shows
- The filing gives Oct 2028 as the lease end date for the largest tenant (U.S. GSA Fac Sport Center), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| August 2026 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| July 2026 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| June 2026 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| May 2026 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| April 2026 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| March 2026 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| February 2026 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| January 2026 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| December 2025 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| November 2025 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
| October 2025 | $54.5M | 90+ days delinquent | Yes | n/a | 93% |
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 January 18, 2024, 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 2023-C19 | 3 | $54,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 60 Hudson | New York, NY | Other | $280.0M | 5.885% | Oct 2033 | 3.69x | 64% | Current |
| 100 Jefferson Road | Parsippany, NJ | Industrial | $67.5M | 7.26% | Apr 2033 | 1.57x | 100% | Current |
| Cross Island Plaza | Rosedale, NY | Office | $42.5M | 6.605% | May 2033 | n/a | n/a | With the special servicer |
| 2136/2138 Honeywell Avenue a/k/a 901/903 E 181st St | Bronx, NY | Multifamily | $36.0M | 7.25% | Dec 2033 | n/a | n/a | Current |
| 100 Jefferson | Parsippany, NJ | Industrial | $30.0M | 7.26% | Apr 2033 | n/a | n/a | Current |
| 500 Mamaroneck | Harrison, NY | Office | $29.5M | 6.83% | Apr 2033 | 0.74x | 100% | Current |
| 175 E 62nd Street | New York, NY | Multifamily | $25.0M | 2.295% | Sep 2033 | 5.22x | 100% | Current |
| 315 5th Avenue | New York, NY | Mixed use | $25.0M | 6.55% | Jan 2033 | 0.80x | 96% | Current |
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.