Office · Jersey City, New Jersey
90 Hudson
Public CMBS trusts hold $130.0M of the loan on 90 Hudson at 4.14% that reaches maturity on November 1, 2027, in 12 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
- $130,000,000
- Original balance (same notes)
- $130,000,000
- Interest rate
- 4.14% fixed
- Originated
- October 17, 2017
- Maturity
- November 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 31, 2019
- Prepayment premium ends
- August 31, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred July 21, 2025
- Workout strategy
- Note sale
- Defeasance
- None reported
The property
- Address
- 90 Hudson Street, Jersey City, NJ 07302
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 431,658 sq ft
- Built
- 1999
- Largest tenants
- Charles Komar & Sons Inc; Sweetgreen New York LLC; NEW YORK SMSA lTD. PARTNERS
- Value at securitization
- $216.0M (Aug 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.18x | 0.31x |
| Occupancy | 98% | 38% |
| Net operating income (annualized from 3 months) | $11.9M | $7.0M |
| Debt yield | 5.4% |
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 BENCHMARK 2018-B2 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 98% when the loan was securitized to 38%.
- Net operating income is 41% below the underwritten figure ($7.0M a year against $11.9M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.18x at securitization to 0.31x on the latest statements.
- At 0.31x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $54.0M (September 12, 2025), against $216.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $130.0M | 90+ days delinquent | Yes | 0.31x | 38% |
| August 2026 | $130.0M | 90+ days delinquent | Yes | 0.31x | 38% |
| July 2026 | $130.0M | 90+ days delinquent | Yes | 0.08x | 38% |
| June 2026 | $130.0M | 90+ days delinquent | Yes | 0.08x | 38% |
| May 2026 | $130.0M | 90+ days delinquent | Yes | 0.08x | 38% |
| April 2026 | $130.0M | 90+ days delinquent | Yes | 0.27x | 38% |
| March 2026 | $130.0M | 60-89 days delinquent | Yes | 0.27x | 38% |
| February 2026 | $130.0M | 30-59 days delinquent | Yes | 0.27x | 38% |
| January 2026 | $130.0M | 90+ days delinquent | Yes | 0.27x | 38% |
| December 2025 | $130.0M | 90+ days delinquent | Yes | 0.64x | 38% |
| November 2025 | $130.0M | 90+ days delinquent | Yes | 0.64x | 38% |
| October 2025 | $130.0M | 60-89 days delinquent | Yes | 2.40x | 98% |
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 July 21, 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 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2018-B1 Mortgage Trust | 1 | $70,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BENCHMARK 2018-B2 Mortgage Trust | 21 | $30,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BENCHMARK 2018-B3 COMMERCIAL MORTGAGE TRUST | 16 | $30,000,000 | Sep 2026 | SEC filing, September 25, 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 |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.693% | Jun 2027 | 2.28x | 62% | With the special servicer |
| 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 |
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 periods ending September 8, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.