Office · Newark, New Jersey
80 Park Plaza
Public CMBS trusts hold $36.4M of the loan on 80 Park Plaza at 4.45% that reaches maturity on October 6, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $36,361,477
- Original balance (same notes)
- $41,500,000
- Interest rate
- 4.45% fixed
- Originated
- September 30, 2016
- Maturity
- October 6, 2026
- Payments
- Interest only for 36 months, then amortizing
- Master servicer
- Trimont LLC
- Originator
- LCF/CGMRC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1135-1155 Raymond Boulevard, Newark, NJ 07102
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 960,689 sq ft
- Built
- 1979, renovated 2015
- Largest tenants
- PSEG Services Corporation; Scholastic Inc.; Pax PT Company LLC
- Value at securitization
- $177.4M (Aug 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 1.64x |
| Occupancy | 86% | 88% |
| Net operating income (annualized from 6 months) | $12.5M | $13.3M |
| Debt yield | 36.5% |
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 JPMCC Commercial Mortgage Securities Trust 2016-JP4 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Past maturity
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 6% above the underwritten figure ($13.3M a year against $12.5M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $36.4M | Current | No | 1.64x | 88% |
| August 2026 | $36.4M | Current | No | 1.57x | 88% |
| July 2026 | $36.5M | Current | No | 1.57x | 88% |
| June 2026 | $36.6M | Current | No | 1.63x | 88% |
| May 2026 | $36.6M | Current | No | 1.63x | 88% |
| April 2026 | $36.7M | Current | No | 1.60x | 88% |
| March 2026 | $36.8M | Current | No | 1.60x | 88% |
| February 2026 | $36.9M | Current | No | 1.60x | 88% |
| January 2026 | $36.9M | Current | No | 1.63x | 88% |
| December 2025 | $37.0M | Current | No | 1.63x | 88% |
| November 2025 | $37.1M | Current | No | 1.63x | 88% |
| October 2025 | $37.1M | Current | No | 1.63x | 88% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2016-C37 | 13 | $18,399,784 | Sep 2026 | SEC filing, September 29, 2026 |
| JPMCC Commercial Mortgage Securities Trust 2016-JP4 | 18 | $17,961,693 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Novo Nordisk HQ | Plainsboro, NJ | Office | $210.7M | 2.838% | Nov 2026 | 4.18x | 78% | Current |
| 681 Fifth Avenue | New York, NY | Mixed use | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| The Essex | New York, NY | Mixed use | $117.0M | 2.759% | Nov 2026 | n/a | n/a | Current |
| 8 Times Square & 1460 Broadway | New York, NY | Mixed use | $100.0M | 4.05% | Nov 2026 | 2.01x | 100% | With the special servicer |
| 85 Tenth Avenue | New York, NY | Mixed use | $100.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| 55 Prospect Street, Brooklyn (2026 maturity) | Brooklyn, NY | Office | $72.9M | 4.05% | Sep 2026 | n/a | n/a | With the special servicer |
| 101 Ludlow | New York, NY | Mixed use | $71.0M | 4.412% | Nov 2026 | 1.81x | 100% | Current |
| 20 Times Square, New York (2026 maturity), loan 1 in CSAIL 2018-CX12 Commercial Mortgage Trust | New York, NY | Other | $64.7M | 3.108% | May 2026 | 4.15x | n/a | With the special servicer |
All loans maturing in 2026 · All New York-Newark-Jersey City 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.