Other · New York, New York
20 Bond Owners Corp.
20 Bond Owners Corp. is financed with a $1.2M CMBS loan at 3.99% that reaches maturity on April 1, 2027, in 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $1,201,892
- Original balance (same notes)
- $1,350,000
- Interest rate
- 3.99% fixed
- Originated
- March 28, 2017
- Maturity
- April 1, 2027
- Payments
- Amortizing over 40 years
- Master servicer
- NCB
- Originator
- NATIONAL COOPERATIVE BANK N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 20 Bond St, New York, NY 10012
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 7
- Built
- 1894, renovated 1997
- Value at securitization
- $17.5M (Feb 2017)
Performance
| At securitization | Latest (Jun 2020) | |
|---|---|---|
| DSCR (NOI) | 10.14x | 0.54x |
| Occupancy | 96% | 95% |
| Net operating income (annualized from 6 months) | $685K | $58K |
| Debt yield | 4.8% |
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 BANK 2017-BNK5 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
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
- Net operating income is 92% below the underwritten figure ($58K a year against $685K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 10.14x at securitization to 0.54x on the latest statements.
- At 0.54x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $1.2M | Current | No | 0.54x | 95% |
| August 2026 | $1.2M | Current | No | 0.54x | 95% |
| July 2026 | $1.2M | Current | No | 0.54x | 95% |
| June 2026 | $1.2M | Current | No | 0.54x | 95% |
| May 2026 | $1.2M | Current | No | 0.54x | 95% |
| April 2026 | $1.2M | Current | No | 0.54x | 95% |
| March 2026 | $1.2M | Current | No | 0.54x | 95% |
| February 2026 | $1.2M | Current | No | 0.54x | 95% |
| January 2026 | $1.2M | Current | No | 0.54x | 95% |
| December 2025 | $1.2M | Current | No | 0.54x | 95% |
| November 2025 | $1.2M | Current | No | 0.54x | 95% |
| October 2025 | $1.2M | Current | No | 0.54x | 95% |
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 |
|---|---|---|---|---|
| BANK 2017-BNK5 | 78 | $1,201,892 | Sep 2026 | SEC filing, October 1, 2026 |
Other New York-Newark-Jersey City loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| General Motors Building | New York, NY | Mixed use | $726.3M | 3.43% | Jun 2027 | 2.58x | 99% | Current |
| 245 Park Avenue | New York, NY | Office | $700.0M | 3.669% | Jun 2027 | 2.08x | 97% | Current |
| Yorkshire Towers | New York, NY | Multifamily | $318.0M | 3.04% | Jun 2027 | n/a | n/a | Current |
| Olympic Tower | New York, NY | Mixed use | $280.0M | 3.954% | May 2027 | n/a | n/a | Current |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.693% | Jun 2027 | 2.28x | 62% | With the special servicer |
| 225 & 233 Park Avenue South | New York, NY | Office | $235.0M | 3.651% | Jun 2027 | -0.14x | 29% | Current |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| 237 Park Avenue | New York, NY | Office | $215.4M | 3.752% | Aug 2027 | 3.71x | 89% | Current |
All loans maturing in 2027 · 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.