Multifamily · Cleveland, Ohio
Battery Park Lofts
Battery Park Lofts is financed with a $12.9M CMBS loan at 4.12% that reaches maturity on July 6, 2030, in 3 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,867,504
- Original balance (same notes)
- $14,200,000
- Interest rate
- 4.12% fixed
- Originated
- June 29, 2020
- Maturity
- July 6, 2030
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- April 5, 2030
- Master servicer
- Midland
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1250 W 75th St, Cleveland, OH 44102
- Metro
- Cleveland, OH
- Units, rooms or beds
- 82
- Built
- 2018
- Value at securitization
- $20.3M (Jun 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.36x | 1.44x |
| Occupancy | 85% | 93% |
| Net operating income (annualized from 6 months) | $1.1M | $2.4M |
| Debt yield | 18.6% |
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 2020-B18 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 risen from 85% when the loan was securitized to 93%.
- Net operating income is 114% above the underwritten figure ($2.4M a year against $1.1M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.9M | Current | No | 1.44x | 93% |
| August 2026 | $12.9M | Current | No | n/a | n/a |
| July 2026 | $12.9M | Current | No | n/a | n/a |
| June 2026 | $12.9M | Current | No | n/a | n/a |
| May 2026 | $13.0M | Current | No | n/a | n/a |
| April 2026 | $13.0M | Current | No | 1.50x | n/a |
| March 2026 | $13.0M | Current | No | 1.50x | n/a |
| February 2026 | $13.0M | Current | No | 1.50x | n/a |
| January 2026 | $13.1M | Current | No | 1.51x | 89% |
| December 2025 | $13.1M | Current | No | 1.51x | 89% |
| November 2025 | $13.1M | Current | No | 1.51x | 89% |
| October 2025 | $13.1M | Current | No | 1.51x | 93% |
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 |
|---|---|---|---|---|
| Benchmark 2020-B18 Mortgage Trust | 21 | $12,867,504 | Sep 2026 | SEC filing, October 1, 2026 |
Other Cleveland loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 15535 South State Avenue | Middlefield, OH | Industrial | $46.5M | 3.322% | Nov 2030 | n/a | n/a | Current |
| Willoughby Commons | Willoughby, OH | Retail | $35.2M | 4.038% | Jan 2030 | n/a | n/a | Current |
| Rockside Flex Portfolio | Valley View, OH | Mixed use | $25.0M | 7.60% | May 2030 | 1.52x | 80% | Current |
| ABB Office | Highland Hills, OH | Office | $22.3M | 3.421% | Jan 2030 | 2.78x | 100% | Current |
| Village Square, Woodmere | Woodmere, OH | Retail | $21.0M | 6.447% | Oct 2030 | n/a | n/a | Current |
| Tremont Place Lofts | Cleveland, OH | Multifamily | $18.1M | 6.70% | Jan 2030 | n/a | n/a | Current |
| Aloft Cleveland Airport | North Olmsted, OH | Hotel | $14.0M | 6.761% | Aug 2030 | 0.69x | 67% | Current |
| Galaxy Parkway Industrial | Warrensville Heights, OH | Industrial | $12.0M | 6.563% | Dec 2030 | 1.49x | n/a | 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.