Multifamily · Jersey City, New Jersey
25 Senate Place
25 Senate Place is financed with a $46.3M CMBS loan at 4.44% that reaches maturity on December 6, 2026, in 1 month. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $46,325,772
- Original balance (same notes)
- $56,000,000
- Interest rate
- 4.44% fixed
- Originated
- November 14, 2016
- Maturity
- December 6, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- January 5, 2019
- Master servicer
- Midland
- Originator
- CCRE
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 25 Senate Place, Jersey City, NJ 7306
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 250,987 sq ft
- Units, rooms or beds
- 270
- Built
- 2016
- Value at securitization
- $101.0M (Oct 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.52x | 1.53x |
| Occupancy | 97% | 99% |
| Net operating income (annualized from 6 months) | $5.0M | $10.3M |
| Debt yield | 22.2% |
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 CFCRE 2016-C7 Mortgage Trust filing for the reporting period ending October 6, 2026, filed with the SEC October 21, 2026.
- Matures 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 107% above the underwritten figure ($10.3M a year against $5.0M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $46.3M | Current | No | 1.53x | 99% |
| September 2026 | $46.4M | Current | No | 1.53x | 99% |
| August 2026 | $46.5M | Current | No | 1.46x | 96% |
| July 2026 | $46.6M | Current | No | n/a | n/a |
| June 2026 | $46.7M | Current | No | n/a | n/a |
| May 2026 | $46.8M | Current | No | n/a | n/a |
| April 2026 | $46.9M | Current | No | 1.62x | 93% |
| March 2026 | $47.0M | Current | No | 1.62x | 93% |
| February 2026 | $47.2M | Current | No | 1.62x | 93% |
| January 2026 | $47.3M | Current | No | 1.62x | 93% |
| December 2025 | $47.3M | Current | No | 1.62x | 93% |
| November 2025 | $47.5M | Current | No | 1.62x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CFCRE 2016-C7 Mortgage Trust | 2 | $46,325,772 | Oct 2026 | SEC filing, October 21, 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 |
| 101 Ludlow | New York, NY | Mixed use | $71.0M | 4.412% | Nov 2026 | 1.81x | 100% | Current |
| 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 |
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 October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.