Mixed use · New York, New York
93 Grand Street
93 Grand Street is financed with a $3.6M CMBS loan at 5.09% that reaches maturity on April 1, 2028, in 17 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
- $3,600,000
- Original balance (same notes)
- $3,600,000
- Interest rate
- 5.09% fixed
- Originated
- March 8, 2018
- Maturity
- April 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2028
- Master servicer
- Trimont LLC
- Originator
- CIBC Inc.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred June 14, 2023
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 93 Grand Street, New York, NY 10013
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 6,160 sq ft
- Built
- 1915
- Largest tenants
- Vans; Kyle Dropp; Nathan Malnik
- Value at securitization
- $9.3M (Dec 2017)
Performance
| At securitization | Latest (Dec 2021) | |
|---|---|---|
| DSCR (NOI) | 2.19x | 1.95x |
| Occupancy | 100% | 100% |
| Net operating income | $406K | $362K |
| Debt yield | 10.1% |
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 UBS Commercial Mortgage Trust 2018-C10 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
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
- Net operating income is 11% below the underwritten figure ($362K a year against $406K).
- Debt service coverage moved from 2.19x at securitization to 1.95x on the latest statements.
- The most recent valuation in the filing is $9.8M (January 4, 2024), against $9.3M at securitization.
- The filing gives Aug 2021 as the lease end date for the largest tenant (Vans), 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 | $3.6M | Late payment but less than 30 days delinquent | Yes | 1.95x | 100% |
| August 2026 | $3.6M | Current | Yes | 1.95x | 100% |
| July 2026 | $3.6M | Current | Yes | 1.95x | 100% |
| June 2026 | $3.6M | Late payment but less than 30 days delinquent | Yes | 1.95x | 100% |
| May 2026 | $3.6M | Late payment but less than 30 days delinquent | Yes | 1.95x | 100% |
| April 2026 | $3.6M | Current | Yes | 1.95x | 100% |
| March 2026 | $3.6M | Current | Yes | 1.95x | 100% |
| February 2026 | $3.6M | Current | Yes | 1.95x | 100% |
| January 2026 | $3.6M | Current | Yes | 1.95x | 100% |
| December 2025 | $3.6M | Current | Yes | 1.95x | 100% |
| November 2025 | $3.6M | Late payment but less than 30 days delinquent | Yes | 1.95x | 100% |
| October 2025 | $3.6M | 30-59 days delinquent | Yes | 1.95x | 100% |
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 14, 2023, 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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C10 | 47 | $3,600,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| 11 West 42nd Street | New York, NY | Office | $274.0M | 7.44% | Jul 2028 | 1.27x | 99% | Current |
| Harborside 2-3 | Jersey City, NJ | Office | $225.0M | 5.84% | Apr 2028 | 2.29x | 76% | Current |
| 3 Park Avenue | New York, NY | Office | $182.0M | 4.75% | Dec 2028 | 0.61x | 47% | Current |
| Gateway Center South | Brooklyn, NY | Retail | $162.5M | 6.873% | Jun 2028 | 1.69x | 98% | Current |
| 685 Fifth Avenue Retail | New York, NY | Retail | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| 1745 Broadway | New York, NY | Office | $144.0M | 3.768% | Jun 2028 | 2.52x | 88% | Current |
| 65 Broadway, New York (2028 maturity), loan 4Sb in CF 2019-CF1 Mortgage Trust | New York, NY | Office | $136.0M | 4.935% | Dec 2028 | n/a | n/a | Current |
All loans maturing in 2028 · 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.