Multifamily · Philadelphia, Pennsylvania
919-921 Lombard Street
919-921 Lombard Street is financed with a $2.0M CMBS loan at 7.06% that reaches maturity on November 6, 2028, in 2 years. 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
- $2,000,000
- Original balance (same notes)
- $2,000,000
- Interest rate
- 7.06% fixed
- Originated
- October 31, 2023
- Maturity
- November 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- November 5, 2025
- Prepayment premium ends
- August 5, 2028 (yield maintenance)
- Originator
- LMF Commercial, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 11, 2025
- Workout strategy
- Foreclosure
- Defeasance
- Partly defeased
The property
- Address
- 919-921 Lombard Street, Philadelphia, PA 19147
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Units, rooms or beds
- 6
- Built
- 1928, renovated 2023
- Value at securitization
- $2.8M (Sep 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.30x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $186K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2023-5C23 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
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 $1.9M (August 19, 2026), against $2.8M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $2.0M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $2.0M | 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 11, 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-5C23 | 31 | $2,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Christiana Mall | Newark, DE | Retail | $265.7M | 4.277% | Aug 2028 | 1.75x | 97% | Current |
| One & Two Commerce Square | Philadelphia, PA | Office | $207.5M | 7.787% | Jun 2028 | 1.82x | 90% | Current |
| Philadelphia Marriott Downtown | Philadelphia, PA | Hotel | $205.0M | 8.705% | Nov 2028 | 1.24x | 65% | Current |
| Piazza Alta | Philadelphia, PA | Multifamily | $185.9M | 4.676% | Oct 2028 | 0.83x | 88% | Current |
| Rittenhouse Hill | Philadelphia, PA | Multifamily | $113.0M | 4.713% | May 2028 | 1.54x | 92% | Current |
| Three Bala Plaza | Bala Cynwyd, PA | Office | $88.0M | 8.71% | Nov 2028 | n/a | n/a | Current |
| 425 Old Morehall Road | Malvern, PA | Office | $59.8M | 4.86% | Nov 2028 | n/a | n/a | Current |
| Vanguard Portfolio | Malvern, PA | Office | $57.0M | 4.86% | Nov 2028 | 2.10x | 100% | Current |
All loans maturing in 2028 · All Philadelphia-Camden-Wilmington 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.