Office · Albany, New York
40 & 50 Beaver Street
40 & 50 Beaver Street is financed with a $6.4M CMBS loan at 3.88% that reaches maturity on February 1, 2030, in 3 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,406,710
- Original balance (same notes)
- $7,350,000
- Interest rate
- 3.88% fixed
- Originated
- January 16, 2020
- Maturity
- February 1, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- March 31, 2022
- Prepayment premium ends
- November 30, 2029 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 40 & 50 Beaver Street, Albany, NY 12207
- Metro
- Albany-Schenectady-Troy, NY
- Rentable area
- 78,303 sq ft
- Built
- 1920, renovated 1999
- Largest tenants
- Prisoners Legal Services of NY; CS Arch; Suny charter school
- Value at securitization
- $9.8M (Dec 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.81x | 0.66x |
| Occupancy | 88% | 68% |
| Net operating income | $753K | $272K |
| Debt yield | 4.2% |
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 BBCMS Mortgage Trust 2020-C7 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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
- Occupancy has fallen from 88% when the loan was securitized to 68%.
- Net operating income is 64% below the underwritten figure ($272K a year against $753K).
- Debt service coverage moved from 1.81x at securitization to 0.66x on the latest statements.
- At 0.66x, 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 | $6.4M | Current | No | 0.66x | 68% |
| August 2026 | $6.4M | Current | No | 0.66x | 68% |
| July 2026 | $6.4M | Current | No | 0.58x | 68% |
| June 2026 | $6.5M | Late payment but less than 30 days delinquent | No | 0.58x | 68% |
| May 2026 | $6.5M | Current | No | 0.58x | 68% |
| April 2026 | $6.5M | Current | No | 0.58x | 68% |
| March 2026 | $6.5M | Current | No | 0.58x | 68% |
| February 2026 | $6.5M | Current | No | 0.58x | 68% |
| January 2026 | $6.5M | Current | No | 0.62x | 68% |
| December 2025 | $6.5M | Current | No | 0.46x | 68% |
| November 2025 | $6.5M | Current | No | 0.46x | 68% |
| October 2025 | $6.6M | Current | No | 0.46x | 68% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2020-C7 | 28 | $6,406,710 | Sep 2026 | SEC filing, September 29, 2026 |
Other Albany-Schenectady-Troy loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Crossgates Mall | Albany, NY | Retail | $95.0M | 8.50% | Dec 2030 | 3.01x | 80% | Current |
| Prime Storage - Malta/Saratoga Springs | Malta, NY | Self storage | $36.4M | 4.775% | Aug 2030 | n/a | n/a | Current |
| Crossgates Commons | Albany, NY | Retail | $13.7M | 6.80% | Dec 2030 | 1.75x | 87% | Current |
| Hannaford Plaza | East Greenbush, NY | Mixed use | $10.4M | 7.16% | Aug 2030 | n/a | n/a | Current |
| Hillcrest Commons Mhc | Duanesburg, NY | Manufactured housing | $1.7M | 4.05% | Mar 2030 | n/a | n/a | Current |
All loans maturing in 2030 · All Albany-Schenectady-Troy 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.