Retail · Albany, New York
Crossgates Commons
Crossgates Commons is financed with a $13.7M CMBS loan at 6.80% that reaches maturity on December 6, 2030, in 4 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
- $13,702,239
- Original balance (same notes)
- $13,800,000
- Interest rate
- 6.80% fixed
- Originated
- November 12, 2025
- Maturity
- December 6, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- September 5, 2030
- Master servicer
- Midland
- Originator
- Argentic Real Estate Finance 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 161 Washington Avenue Extension, Albany, NY 12205
- Metro
- Albany-Schenectady-Troy, NY
- Rentable area
- 337,843 sq ft
- Built
- 1994
- Largest tenants
- Walmart; Home Depot; At Home
- Value at securitization
- $21.8M (Sep 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.05x | 1.75x |
| Occupancy | 85% | 87% |
| Net operating income (annualized from 6 months) | $2.2M | $3.8M |
| Debt yield | 27.8% |
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 BBCMS Mortgage Trust 2026-5C40 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 72% above the underwritten figure ($3.8M a year against $2.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.05x at securitization to 1.75x on the latest statements.
The last 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.7M | Current | No | 1.75x | 87% |
| August 2026 | $13.7M | Current | No | 1.75x | 87% |
| July 2026 | $13.7M | Current | No | n/a | n/a |
| June 2026 | $13.7M | Current | No | n/a | n/a |
| May 2026 | $13.7M | Current | No | n/a | n/a |
| April 2026 | $13.8M | Current | No | n/a | n/a |
| March 2026 | $13.8M | Current | No | n/a | n/a |
| February 2026 | $13.8M | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-5C40 | 24 | $13,702,239 | Sep 2026 | SEC filing, September 29, 2026 |
Other Albany-Schenectady-Troy loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Crossgates Mall | Albany, NY | Retail | $95.0M | 8.50% | Dec 2030 | 3.01x | 80% | Current |
| Prime Storage - Malta/Saratoga Springs | Malta, NY | Self storage | $36.4M | 4.775% | Aug 2030 | n/a | n/a | Current |
| Hannaford Plaza | East Greenbush, NY | Mixed use | $10.4M | 7.16% | Aug 2030 | n/a | n/a | Current |
| 40 & 50 Beaver Street | Albany, NY | Office | $6.4M | 3.88% | Feb 2030 | 0.66x | 68% | Current |
| Hillcrest Commons Mhc | Duanesburg, NY | Manufactured housing | $1.7M | 4.05% | Mar 2030 | n/a | n/a | Current |
All loans maturing in 2030 · All Albany-Schenectady-Troy 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.