Retail · Lawrence, New York
Bay Harbour
Bay Harbour is financed with a $62.0M CMBS loan at 6.66% that reaches maturity on May 6, 2030, in 3 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
- $62,000,000
- Original balance (same notes)
- $62,000,000
- Interest rate
- 6.66% fixed
- Originated
- May 2, 2025
- Maturity
- May 6, 2030
- Payments
- Interest only for the full term
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 345 Rockaway Turnpike, Lawrence, NY 11559
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 283,321 sq ft
- Built
- 1965
- Largest tenants
- Burlington Coat Factory; Marshalls; Target
- Value at securitization
- $96.9M (Jan 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.63x |
| Occupancy | 99% | 99% |
| Net operating income (annualized from 6 months) | n/a | $6.9M |
| Debt yield | 11.1% |
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 Benchmark 2025-V15 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $62.0M | Current | No | 1.63x | 99% |
| August 2026 | $62.0M | Current | No | 1.26x | 98% |
| July 2026 | $62.0M | Current | No | 1.26x | 98% |
| June 2026 | $62.0M | Current | No | 1.26x | 98% |
| May 2026 | $62.0M | Current | No | 1.42x | 99% |
| April 2026 | $62.0M | Current | No | 1.33x | 98% |
| March 2026 | $62.0M | Current | No | 1.33x | 98% |
| February 2026 | $62.0M | Current | No | 1.33x | 98% |
| January 2026 | $62.0M | Current | No | 1.33x | 98% |
| December 2025 | $62.0M | Current | No | 1.33x | 98% |
| November 2025 | $62.0M | Current | No | n/a | n/a |
| October 2025 | $62.0M | Current | 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 |
|---|---|---|---|---|
| Benchmark 2025-V15 Mortgage Trust | 2 | $62,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 711 Fifth Avenue | New York, NY | Mixed use | $545.0M | 3.16% | Mar 2030 | 2.71x | 66% | Current |
| Kings Plaza | Brooklyn, NY | Retail | $487.0M | 3.359% | Jan 2030 | 2.38x | 91% | Current |
| Grace Building | New York, NY | Office | $450.0M | 2.692% | Dec 2030 | n/a | n/a | Current |
| 545 Washington Boulevard | Jersey City, NJ | Office | $251.6M | 3.405% | Feb 2030 | 2.00x | 91% | Current |
| 605 Third Avenue | New York, NY | Office | $231.0M | 1.938% | Dec 2030 | 4.66x | 83% | Current |
| The Spiral | New York, NY | Office | $200.0M | 5.50% | Jan 2030 | n/a | n/a | Current |
| 250 West 57th Street | New York, NY | Office | $180.0M | 2.829% | Dec 2030 | 4.41x | 85% | Current |
| Mall at Bay Plaza | The Bronx, NY | Retail | $170.0M | 6.715% | Nov 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.