Industrial · Brandywine, Maryland
Brandywine Regency Warehouse & Distribution Center
Public CMBS trusts hold $75.1M of the loan on Brandywine Regency Warehouse & Distribution Center at 6.62% that reaches maturity on December 6, 2035, in 9 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $75,140,000
- Original balance (same notes)
- $76,000,000
- Interest rate
- 6.62% fixed
- Originated
- November 20, 2025
- Maturity
- December 6, 2035
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- June 5, 2035
- Master servicer
- Midland Loan Service
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7900 Cedarville Road, Brandywine, MD 20613
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 624,502 sq ft
- Built
- 1991, renovated 2004
- Largest tenants
- Regency Furniture
- Value at securitization
- $138.3M (Nov 2025)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.28x | 3.17x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $8.0M | $20.0M |
| Debt yield | 26.6% |
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 Wells Fargo Commercial Mortgage Trust 2026-C66 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Net operating income is 150% above the underwritten figure ($20.0M a year against $8.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.28x at securitization to 3.17x on the latest statements.
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $75.1M | Current | No | 3.17x | 100% |
| August 2026 | $75.2M | Current | No | 3.17x | 100% |
| July 2026 | $75.3M | Current | No | 3.17x | 100% |
| June 2026 | $75.4M | Current | No | 3.17x | 100% |
| May 2026 | $75.5M | Current | No | n/a | n/a |
| April 2026 | $75.6M | Current | No | n/a | 100% |
| March 2026 | $59.8M | Current | No | n/a | n/a |
| February 2026 | $59.9M | Current | No | n/a | n/a |
| January 2026 | $59.9M | Current | No | n/a | n/a |
| December 2025 | $60.0M | Payment not received but still in grace period or not yet due | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-C39 | 2 | $59,321,052 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2026-C66 | 12 | $15,818,947 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marriott HQ | Bethesda, MD | Office | $199.1M | 5.491% | Mar 2035 | 2.04x | 100% | Current |
| Burke Centre | Burke, VA | Retail | $88.0M | 6.39% | Oct 2035 | 1.22x | 100% | Current |
| Fishers Twinbrook | Rockville, MD | Mixed use | $46.0M | 5.449% | Dec 2035 | 3.15x | 100% | Current |
| Capitol Hill Hotel | Washington, DC | Hotel | $34.5M | 6.82% | Nov 2035 | -0.04x | n/a | Current |
| Davis Ford Crossing | Manassas, VA | Retail | $33.3M | 6.662% | Jul 2035 | 1.75x | 95% | Current |
| Security Public Storage Bethesda | Bethesda, MD | Self storage | $24.8M | 5.989% | Sep 2035 | 1.68x | 100% | Current |
| Marriott World Headquarters | Bethesda, MD | Office | $24.0M | 5.491% | Mar 2035 | 2.04x | 100% | Current |
| Security Public Storage Herndon | Herndon, VA | Self storage | $11.5M | 5.969% | Oct 2035 | n/a | 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.