Retail · Albany, New York
Crossgates Mall
Public CMBS trusts hold $95.0M of the loan on Crossgates Mall at 8.50% 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
- $95,000,000
- Original balance (same notes)
- $95,000,000
- Interest rate
- 8.50% fixed
- Originated
- November 18, 2025
- Maturity
- December 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2030
- Master servicer
- Midland Loan Services
- Originator
- UBS AG New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1 Crossgates Mall Road, Albany, NY 12203
- Metro
- Albany-Schenectady-Troy, NY
- Rentable area
- 1,504,884 sq ft
- Built
- 1983, renovated 2013
- Largest tenants
- Macy's*; J.C. Penney*; Regal Crossgates 18
- Value at securitization
- $285.0M (Oct 2025)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.92x | 3.01x |
| Occupancy | 89% | 80% |
| Net operating income (annualized from 3 months) | $26.4M | $27.6M |
| Debt yield | 29.1% |
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 BMO 2026-5C15 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 fallen from 89% when the loan was securitized to 80%.
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $95.0M | Current | No | 3.01x | 80% |
| August 2026 | $95.0M | Current | No | 3.01x | 80% |
| July 2026 | $60.0M | Current | No | 3.01x | 80% |
| June 2026 | $60.0M | Current | No | n/a | n/a |
| May 2026 | $35.0M | Current | No | n/a | n/a |
| April 2026 | $35.0M | Current | No | 2.72x | 79% |
| March 2026 | $35.0M | Current | No | 2.72x | 79% |
| February 2026 | $35.0M | Current | No | 2.72x | 79% |
| January 2026 | $35.0M | Current | No | n/a | n/a |
| December 2025 | $35.0M | Current | No | 2.74x | 89% |
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 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2025-5C7 | 9 | $35,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2026-5C16 Mortgage Trust | 11 | $35,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2026-5C15 Mortgage Trust | 11 | $25,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Albany-Schenectady-Troy loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Prime Storage - Malta/Saratoga Springs | Malta, NY | Self storage | $36.4M | 4.775% | Aug 2030 | n/a | n/a | Current |
| Crossgates Commons | Albany, NY | Retail | $13.7M | 6.80% | Dec 2030 | 1.75x | 87% | 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.