Mixed use · Greenwich, Connecticut
45 East Putnam Avenue
45 East Putnam Avenue is financed with a $11.4M CMBS loan at 4.45% that reaches maturity on June 1, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,360,225
- Original balance (same notes)
- $12,000,000
- Interest rate
- 4.45% fixed
- Originated
- May 2, 2018
- Maturity
- June 1, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- January 31, 2028
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently June 1, 2020
- Defeasance
- None reported
The property
- Address
- 45 East Putnam Avenue, Greenwich, CT 06830
- Rentable area
- 26,475 sq ft
- Built
- 1930
- Largest tenants
- ARHAUS FURNITURE; Georgica Pine Clothiers LLC; Dux Interiors Inc
- Value at securitization
- $19.2M (Mar 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.84x | 1.52x |
| Occupancy | 94% | 96% |
| Net operating income (annualized from 6 months) | $1.3M | $1.1M |
| Debt yield | 9.8% |
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 Morgan Stanley Capital I Trust 2018-H3 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
- Modified
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 17% below the underwritten figure ($1.1M a year against $1.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.84x at securitization to 1.52x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.4M | Current | No | 1.52x | 96% |
| August 2026 | $11.4M | Current | No | 1.52x | 96% |
| July 2026 | $11.4M | Current | No | 1.34x | 92% |
| June 2026 | $11.4M | Current | No | 1.34x | 92% |
| May 2026 | $11.4M | Current | No | 1.66x | 96% |
| April 2026 | $11.4M | Current | No | 1.66x | 96% |
| March 2026 | $11.5M | Current | No | 1.66x | 96% |
| February 2026 | $11.5M | Current | No | 1.66x | 96% |
| January 2026 | $11.5M | Current | No | 1.62x | 96% |
| December 2025 | $11.5M | Current | No | 1.62x | 96% |
| November 2025 | $11.5M | Current | No | 1.62x | 96% |
| October 2025 | $11.6M | Current | No | 1.67x | 94% |
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 Capital I Trust 2018-H3 | 28 | $11,360,225 | Sep 2026 | SEC filing, October 2, 2026 |
Other Connecticut loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Westfarms | West Hartford, CT | Retail | $242.0M | 7.795% | Sep 2028 | 1.95x | 92% | Current |
| Brookview Commons | Danbury, CT | Multifamily | $58.0M | 6.00% | Jun 2028 | 1.18x | 98% | Current |
| Bedford Square | Westport, CT | Mixed use | $48.0M | 5.452% | Dec 2028 | 1.84x | 93% | Current |
| Danbury Commerce Portfolio | CT | Industrial | $38.0M | 5.725% | Nov 2028 | 1.59x | 99% | Current |
| 710 Bridgeport | Shelton, CT | Industrial | $35.6M | 5.05% | Nov 2028 | 1.15x | 72% | Current |
| 330 Railroad Avenue | Greenwich, CT | Office | $16.0M | 4.938% | Jul 2028 | 2.22x | 100% | Current |
| One Hamden Center | Hamden, CT | Office | $13.5M | 5.08% | Sep 2028 | 1.17x | 99% | Current |
| One Sound Shore Drive | Greenwich, CT | Office | $12.9M | 5.14% | Dec 2028 | 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.