Multifamily · Bethlehem, Pennsylvania
938 East 4th Street
938 East 4th Street is financed with a $4.4M CMBS loan at 7.28% that reaches maturity on July 6, 2033, in 6 years and 8 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
- $4,400,000
- Original balance (same notes)
- $4,400,000
- Interest rate
- 7.28% fixed
- Originated
- June 30, 2023
- Maturity
- July 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2033
- Master servicer
- Midland Loan Services
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred September 26, 2025
- Workout strategy
- Modification
- Defeasance
- None reported
The property
- Address
- 938 East 4th Street 949 E. 5th Street, Bethlehem, PA 18015
- Metro
- Allentown-Bethlehem-Easton, PA-NJ
- Units, rooms or beds
- 24
- Built
- 2023
- Value at securitization
- $7.2M (May 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.29x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $420K | n/a |
Watch flags
Computed from the BMO 2023-C6 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.4M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| August 2026 | $4.4M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| July 2026 | $4.4M | Current | Yes | n/a | n/a |
| June 2026 | $4.4M | Current | Yes | n/a | n/a |
| May 2026 | $4.4M | Current | Yes | n/a | n/a |
| April 2026 | $4.4M | 30-59 days delinquent | Yes | 0.86x | 92% |
| March 2026 | $4.4M | 30-59 days delinquent | Yes | 0.86x | 92% |
| February 2026 | $4.4M | Late payment but less than 30 days delinquent | Yes | 0.86x | 92% |
| January 2026 | $4.4M | Late payment but less than 30 days delinquent | Yes | 1.03x | 83% |
| December 2025 | $4.4M | Late payment but less than 30 days delinquent | Yes | 1.03x | 83% |
| November 2025 | $4.4M | Late payment but less than 30 days delinquent | Yes | 1.03x | 83% |
| October 2025 | $4.4M | Current | Yes | 1.03x | 83% |
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 September 26, 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 |
|---|---|---|---|---|
| BMO 2023-C6 Mortgage Trust | 30 | $4,400,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Allentown-Bethlehem-Easton loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sullivan Parke IV | Easton, PA | Multifamily | $5.4M | 7.46% | Nov 2033 | 1.24x | 97% | Current |
| Sullivan Parke III | Easton, PA | Multifamily | $4.5M | 7.37% | Nov 2033 | 1.13x | 88% | Current |
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.