Retail · Olean, New York
BJ Olean
BJ Olean is financed with a $4.7M CMBS loan at 4.32% that reaches maturity on November 1, 2030, in 4 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,675,958
- Original balance (same notes)
- $5,220,000
- Interest rate
- 4.32% fixed
- Originated
- October 16, 2020
- Maturity
- November 1, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 31, 2030
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1899 Cinema Avenue, Olean, NY 14760
- Rentable area
- 71,760 sq ft
- Built
- 1994
- Largest tenants
- BJ's Wholesale
- Value at securitization
- $7.5M (Sep 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.81x | 1.34x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $563K | $838K |
| Debt yield | 17.9% |
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-B21 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
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 49% above the underwritten figure ($838K a year against $563K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.81x at securitization to 1.34x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.7M | Current | No | 1.34x | 100% |
| August 2026 | $4.7M | Current | No | n/a | n/a |
| July 2026 | $4.7M | Current | No | n/a | n/a |
| June 2026 | $4.7M | Current | No | n/a | n/a |
| May 2026 | $4.7M | Current | No | n/a | n/a |
| April 2026 | $4.7M | Current | No | 1.73x | n/a |
| March 2026 | $4.7M | Current | No | 1.73x | n/a |
| February 2026 | $4.7M | Current | No | 1.70x | 100% |
| January 2026 | $4.8M | Late payment but less than 30 days delinquent | No | 1.70x | 100% |
| December 2025 | $4.8M | Current | No | 1.83x | 100% |
| November 2025 | $4.8M | Current | No | n/a | n/a |
| October 2025 | $4.8M | 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 2020-B21 Mortgage Trust | 34 | $4,675,958 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York 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 |
| 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 |
| 120 Wall Street | New York, NY | Office | $165.0M | 3.201% | Oct 2030 | 2.73x | 91% | 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.