Multifamily portfolio, 3 properties · Paterson, New Jersey
257-261 Rosa Parks Boulevard
This portfolio is financed with a $8.3M CMBS loan at 7.345% that reaches maturity on June 6, 2035, in 8 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is delinquent: 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $8,250,000
- Original balance (same notes)
- $8,250,000
- Interest rate
- 7.345% fixed
- Originated
- May 22, 2025
- Maturity
- June 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2035
- Master servicer
- Midland
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 257-261 Rosa Parks Boulevard, Paterson, NJ 07501
- Metro
- New York-Newark-Jersey City, NY-NJ
- Value at securitization
- $13.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $885K | n/a |
Watch flags
Computed from the Morgan Stanley Bank of America Merrill Lynch Trust 2025-C35 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 257-261 Rosa Parks Boulevard | Paterson, NJ | Multifamily | n/a | n/a |
| 11-17 Governor Street | Paterson, NJ | Multifamily | n/a | n/a |
| 324-326 Hamilton Avenue | Paterson, NJ | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.3M | 30-59 days delinquent | No | n/a | n/a |
| August 2026 | $8.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| July 2026 | $8.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $8.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $8.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $8.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| March 2026 | $8.3M | Current | No | n/a | n/a |
| February 2026 | $8.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| January 2026 | $8.3M | Current | No | n/a | n/a |
| December 2025 | $8.3M | Current | No | n/a | n/a |
| November 2025 | $8.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| October 2025 | $8.3M | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2025-C35 | 20 | $8,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 32 Old Slip - Leased Fee | New York, NY | Other | $167.0M | 5.65% | May 2035 | 1.01x | 100% | Current |
| Rentar Plaza | Queens, NY | Mixed use | $160.0M | 5.581% | Jul 2035 | 2.21x | 99% | Current |
| 255 Greenwich | New York, NY | Office | $147.0M | 6.405% | Dec 2035 | n/a | n/a | Current |
| Uovo Qpn | New York, NY | Self storage | $143.0M | 6.485% | Feb 2035 | n/a | n/a | Current |
| 29-33 9th Ave (Soho House) | New York, NY | Mixed use | $135.0M | 6.44% | Feb 2035 | n/a | n/a | Current |
| 512 West 22nd Street | New York, NY | Office | $130.0M | 6.641% | Sep 2035 | 1.57x | 100% | Current |
| 525 7th Avenue | New York, NY | Office | $125.0M | 6.28% | Nov 2035 | n/a | n/a | Current |
| 4 Union Square South | New York, NY | Retail | $120.0M | 5.642% | Sep 2035 | n/a | n/a | 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.