Mixed use · New York, New York
3820 Broadway
3820 Broadway is financed with a $10.0M CMBS loan at 4.99% that reaches maturity on March 6, 2032, in 5 years and 4 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
- $10,000,000
- Original balance (same notes)
- $10,000,000
- Interest rate
- 4.99% fixed
- Originated
- February 23, 2022
- Maturity
- March 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2031
- Master servicer
- Trimont LLC
- Originator
- LMF Commercial, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred June 26, 2025
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 3820 Broadway, New York, NY 10022
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 38,095 sq ft
- Built
- 1907
- Largest tenants
- CHELAS HOSPITALITY CORP.; JBV ENTERPRISES, INC. D/B/A LA BLANDA MEAT MARKET; THE SPRAY MARKET
- Value at securitization
- $13.7M (Feb 2022)
Performance
| At securitization | Latest (Dec 2023) | |
|---|---|---|
| DSCR (NOI) | 1.46x | 1.28x |
| Occupancy | 100% | 98% |
| Net operating income | $740K | $648K |
| Debt yield | 6.5% |
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 Wells Fargo Commercial Mortgage Trust 2022-C62 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
- Net operating income is 12% below the underwritten figure ($648K a year against $740K).
- Debt service coverage moved from 1.46x at securitization to 1.28x on the latest statements.
- The most recent valuation in the filing is $6.2M (July 23, 2026), against $13.7M at securitization.
- The filing gives Jul 2031 as the lease end date for the largest tenant (CHELAS HOSPITALITY CORP.), 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 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| August 2026 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| July 2026 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| June 2026 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| May 2026 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| April 2026 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| March 2026 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| February 2026 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| January 2026 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| December 2025 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| November 2025 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
| October 2025 | $10.0M | 90+ days delinquent | Yes | 1.28x | 98% |
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 June 26, 2025, 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2022-C62 | 21 | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 601 Lexington Avenue | New York, NY | Office | $573.3M | 2.792% | Jan 2032 | n/a | n/a | Current |
| 79 Fifth Avenue | New York, NY | Office | $240.0M | 4.92% | May 2032 | 0.93x | 99% | Current |
| Bell Works | Holmdel, NJ | Office | $210.0M | 5.11% | May 2032 | n/a | n/a | Current |
| 333 River Street | Hoboken, NJ | Multifamily | $125.0M | 2.315% | Jan 2032 | 7.49x | 98% | Current |
| 2 Riverfront Plaza | Newark, NJ | Office | $110.0M | 4.26% | Jan 2032 | 2.40x | 100% | Current |
| Rose Castle Apartments | Brooklyn, NY | Multifamily | $105.0M | 4.045% | Mar 2032 | 1.84x | 100% | Current |
| 330 West 34th Street Leased Fee | New York, NY | Mixed use | $100.0M | 4.55% | Sep 2032 | n/a | n/a | Current |
| 469 7th Avenue | New York, NY | Mixed use | $98.0M | 6.03% | Sep 2032 | 1.86x | 100% | 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.