Office · New York, New York
85 Broad Street
Public CMBS trusts hold $241.0M of the loan on 85 Broad Street at 3.693% that reaches maturity on June 5, 2027, in 7 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
- $241,000,000
- Original balance (same notes)
- $241,000,000
- Interest rate
- 3.693% fixed
- Originated
- May 24, 2017
- Maturity
- June 5, 2027
- Payments
- Interest only for the full term
- Master servicer
- Trimont LLC
- Originator
- Column Financial, Inc. / Natixis Real Estate Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 6, 2025
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 85 Broad Street, New York, NY 10004
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 1,118,512 sq ft
- Built
- 1983, renovated 2015
- Largest tenants
- VINER FINANCE INC; 85 Broad Tenant LLC (WeWork); Vox Media Inc.
- Value at securitization
- $652.0M (Apr 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 4.43x | 2.28x |
| Occupancy | 87% | 62% |
| Net operating income (annualized from 6 months) | $25.9M | $13.4M |
| Debt yield | 5.6% |
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 CSAIL 2017-C8 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
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 87% when the loan was securitized to 62%.
- Net operating income is 48% below the underwritten figure ($13.4M a year against $25.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 4.43x at securitization to 2.28x on the latest statements.
- The most recent valuation in the filing is $335.0M (April 1, 2026), against $652.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $241.0M | Current | Yes | 2.28x | 62% |
| August 2026 | $241.0M | Late payment but less than 30 days delinquent | Yes | 2.28x | 62% |
| July 2026 | $241.0M | Late payment but less than 30 days delinquent | Yes | 2.01x | 62% |
| June 2026 | $241.0M | Late payment but less than 30 days delinquent | Yes | 2.01x | 62% |
| May 2026 | $241.0M | Late payment but less than 30 days delinquent | Yes | 2.00x | 62% |
| April 2026 | $241.0M | Late payment but less than 30 days delinquent | Yes | 2.00x | 62% |
| March 2026 | $241.0M | Late payment but less than 30 days delinquent | Yes | 2.20x | 62% |
| February 2026 | $241.0M | 30-59 days delinquent | Yes | 2.20x | 62% |
| January 2026 | $241.0M | Late payment but less than 30 days delinquent | Yes | 2.20x | 62% |
| December 2025 | $241.0M | Late payment but less than 30 days delinquent | Yes | 2.20x | 62% |
| November 2025 | $241.0M | 60-89 days delinquent | Yes | 2.40x | 62% |
| October 2025 | $241.0M | 30-59 days delinquent | Yes | 2.40x | 62% |
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 June 6, 2025, 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
The loan is split into 5 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2017-C8 Commercial Mortgage Trust | 1B | $72,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| CSAIL 2017-C8 Commercial Mortgage Trust | 1 | $70,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| CSAIL 2017-CX9 Commercial Mortgage Trust | 7 | $45,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| UBS Commercial Mortgage Trust 2017-C2 | 6 | $34,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| CSAIL 2017-C8 Commercial Mortgage Trust | 1A | $20,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| General Motors Building | New York, NY | Mixed use | $726.3M | 3.43% | Jun 2027 | 2.58x | 99% | Current |
| 245 Park Avenue | New York, NY | Office | $700.0M | 3.669% | Jun 2027 | 2.08x | 97% | Current |
| Yorkshire Towers | New York, NY | Multifamily | $318.0M | 3.04% | Jun 2027 | n/a | n/a | Current |
| Olympic Tower | New York, NY | Mixed use | $280.0M | 3.954% | May 2027 | n/a | n/a | Current |
| 225 & 233 Park Avenue South | New York, NY | Office | $235.0M | 3.651% | Jun 2027 | -0.14x | 29% | Current |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| 237 Park Avenue | New York, NY | Office | $215.4M | 3.752% | Aug 2027 | 3.71x | 89% | Current |
| Park West Village | New York, NY | Multifamily | $187.5M | 4.65% | Aug 2027 | n/a | n/a | Current |
All loans maturing in 2027 · 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.