Mixed use · Philadelphia, Pennsylvania
965-977 Frankford Avenue
965-977 Frankford Avenue is financed with a $9.0M CMBS loan at 5.095% that reaches maturity on May 6, 2032, in 5 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,000,000
- Original balance (same notes)
- $9,000,000
- Interest rate
- 5.095% fixed
- Originated
- April 13, 2022
- Maturity
- May 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently April 9, 2025
- Defeasance
- None reported
The property
- Address
- 965-977 Frankford Avenue, Philadelphia, PA 19125
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 3,908 sq ft
- Units, rooms or beds
- 33
- Built
- 2021
- Largest tenants
- Pizzeria, Vince's (Vince's); Philadelphia, The Bar (The Bar)
- Value at securitization
- $15.1M (Mar 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.68x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $779K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2022-C16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Modified
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 filing gives Apr 2031 as the lease end date for the largest tenant (Pizzeria, Vince's (Vince's)), 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 | $9.0M | Current | No | n/a | n/a |
| August 2026 | $9.0M | Current | No | n/a | n/a |
| July 2026 | $9.0M | Current | No | n/a | n/a |
| June 2026 | $9.0M | Current | No | n/a | n/a |
| May 2026 | $9.0M | Current | No | n/a | n/a |
| April 2026 | $9.0M | Current | No | 0.94x | 100% |
| March 2026 | $9.0M | Current | No | 0.94x | 100% |
| February 2026 | $9.0M | Current | No | 0.98x | 100% |
| January 2026 | $9.0M | Current | No | 0.98x | 100% |
| December 2025 | $9.0M | Current | No | 0.92x | 100% |
| November 2025 | $9.0M | Current | No | 0.92x | 100% |
| October 2025 | $9.0M | Late payment but less than 30 days delinquent | No | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C16 | 39 | $9,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 350 Anchor Mill Road | New Castle, DE | Industrial | $138.0M | 3.649% | Feb 2032 | n/a | n/a | Current |
| 4000 Principio Parkway | North East, MD | Industrial | $137.9M | 3.865% | Mar 2032 | n/a | n/a | Current |
| 500 Delaware Avenue | Wilmington, DE | Office | $65.0M | 4.84% | May 2032 | 1.94x | 94% | Current |
| Philadelphia Logistics Center | Philadelphia, PA | Industrial | $39.5M | 3.34% | Jan 2032 | 0.74x | 7% | Current |
| Center Pointe Plaza I | Newark, DE | Retail | $33.3M | 6.18% | Sep 2032 | n/a | n/a | Current |
| 980 Jolly Road | Blue Bell, PA | Office | $24.8M | 3.632% | Feb 2032 | 2.94x | 88% | Current |
| 45 Liberty Boulevard | Malvern, PA | Office | $24.5M | 3.57% | Jan 2032 | 3.29x | 100% | With the special servicer and 90+ days delinquent |
| 500 Delaware | Wilmington, DE | Office | $20.0M | 4.84% | May 2032 | 1.88x | 94% | 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.