Office · Ewing, New Jersey
500 Charles Ewing Boulevard (Project Olympic - Ewing)
500 Charles Ewing Boulevard (Project Olympic - Ewing) is financed with a $42.7M CMBS loan at 8.272% that reaches maturity on July 1, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $42,700,000
- Original balance (same notes)
- $42,700,000
- Interest rate
- 8.272% fixed
- Originated
- June 27, 2023
- Maturity
- July 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 31, 2025
- Prepayment premium ends
- December 31, 2027 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred April 14, 2026
- Workout strategy
- Other
- Defeasance
- Partly defeased
The property
- Address
- 500 Charles Ewing Boulevard, Ewing, NJ 08628
- Metro
- Trenton-Princeton, NJ
- Rentable area
- 250,086 sq ft
- Built
- 2011
- Largest tenants
- Church& dwight co
- Value at securitization
- $71.2M (May 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.58x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $5.7M | n/a |
Watch flags
Computed from the Benchmark 2023-V3 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
On the cmbs.news watch list in every report since May 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $42.7M | Current | Yes | n/a | n/a |
| August 2026 | $42.7M | Current | Yes | n/a | n/a |
| July 2026 | $42.7M | Current | Yes | n/a | n/a |
| June 2026 | $42.7M | Current | Yes | n/a | n/a |
| May 2026 | $42.7M | Current | Yes | n/a | n/a |
| April 2026 | $42.7M | Current | No | 1.60x | 100% |
| March 2026 | $42.7M | Current | No | 1.60x | 100% |
| February 2026 | $42.7M | Current | No | 1.60x | 100% |
| January 2026 | $42.7M | Current | No | 1.60x | 100% |
| December 2025 | $42.7M | Current | No | 1.60x | 100% |
| November 2025 | $42.7M | Current | No | 1.60x | 100% |
| October 2025 | $42.7M | Current | No | 1.60x | 100% |
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 April 14, 2026, 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 |
|---|---|---|---|---|
| Benchmark 2023-V3 Mortgage Trust | 8 | $42,700,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Trenton-Princeton loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Princeton Marriott | Princeton, NJ | Hotel | $24.0M | 5.482% | 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.