Mixed use · Brooklyn, New York
561 Clinton Street
561 Clinton Street is financed with a $3.5M CMBS loan at 6.60% that reaches maturity on September 6, 2032, in 5 years and 10 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
- $3,500,000
- Original balance (same notes)
- $3,500,000
- Interest rate
- 6.60% fixed
- Originated
- August 23, 2022
- Maturity
- September 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ended
- September 5, 2024
- Prepayment premium ends
- June 5, 2032 (yield maintenance)
- Master servicer
- Midland
- Originator
- LMF Commercial, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 7, 2024
- Workout strategy
- Foreclosure
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- Partly defeased
The property
- Address
- 561 Clinton Street, Brooklyn, NY 11231
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 4
- Built
- 1931, renovated 2022
- Largest tenants
- Amber Strickland; In Hye Taylor; James JR Knowles
- Value at securitization
- $5.1M (May 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.25x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $292K | n/a |
Watch flags
Computed from the BMO 2022-C3 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.
What the filing shows
- The most recent valuation in the filing is $3.3M (January 6, 2026), against $5.1M at securitization.
- The filing gives Jun 2024 as the lease end date for the largest tenant (Amber Strickland), 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 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $3.5M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $3.5M | 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 7, 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 2022-C3 Mortgage Trust | 44 | $3,500,000 | Sep 2026 | SEC filing, October 2, 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.