Multifamily portfolio, 3 properties · Philadelphia, Pennsylvania
35 South 3rd Street
This portfolio is financed with a $4.0M CMBS loan at 7.82% that reaches maturity on August 6, 2028, in 21 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
- $4,000,000
- Original balance (same notes)
- $4,000,000
- Interest rate
- 7.82% fixed
- Originated
- July 28, 2023
- Maturity
- August 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 5, 2025
- Prepayment premium ends
- February 5, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- LMF Commercial, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 6, 2024
- Workout strategy
- REO
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- Partly defeased
The property
- Address
- 35 South 3rd Street, Philadelphia, PA 19106
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Value at securitization
- $5.4M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $392K | n/a |
Watch flags
Computed from the BMO 2023-C6 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Servicer stopped advancing
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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 35 South 3rd Street | Philadelphia, PA | Mixed Use | n/a | n/a |
| 412 Spruce Street | Philadelphia, PA | Multifamily | n/a | n/a |
| 436 Spruce Street | Philadelphia, PA | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $4.0M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $4.0M | 90+ days delinquent | Yes | 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 6, 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 |
|---|---|---|---|---|
| BMO 2023-C6 Mortgage Trust | 31 | $4,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Christiana Mall | Newark, DE | Retail | $265.7M | 4.277% | Aug 2028 | 1.75x | 97% | Current |
| One & Two Commerce Square | Philadelphia, PA | Office | $207.5M | 7.787% | Jun 2028 | 1.82x | 90% | Current |
| Philadelphia Marriott Downtown | Philadelphia, PA | Hotel | $205.0M | 8.705% | Nov 2028 | 1.24x | 65% | Current |
| Piazza Alta | Philadelphia, PA | Multifamily | $185.9M | 4.676% | Oct 2028 | 0.83x | 88% | Current |
| Rittenhouse Hill | Philadelphia, PA | Multifamily | $113.0M | 4.713% | May 2028 | 1.54x | 92% | Current |
| Three Bala Plaza | Bala Cynwyd, PA | Office | $88.0M | 8.71% | Nov 2028 | n/a | n/a | Current |
| 425 Old Morehall Road | Malvern, PA | Office | $59.8M | 4.86% | Nov 2028 | n/a | n/a | Current |
| Vanguard Portfolio | Malvern, PA | Office | $57.0M | 4.86% | Nov 2028 | 2.10x | 100% | Current |
All loans maturing in 2028 · All Philadelphia-Camden-Wilmington 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.