Industrial · North Haven, Connecticut
Dodge Industrial
Dodge Industrial is financed with a $5.8M CMBS loan at 7.517% that reaches maturity on June 6, 2030, in 3 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,800,000
- Original balance (same notes)
- $5,800,000
- Interest rate
- 7.517% fixed
- Originated
- June 6, 2025
- Maturity
- June 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2030
- Master servicer
- Trimont LLC
- Originator
- AREF2
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 55-57 Dodge Avenue, North Haven, CT 06473
- Rentable area
- 80,722 sq ft
- Built
- 1964, renovated 2021
- Largest tenants
- Parker Hanifin Corp; HB Live Inc.; Restaurant Equipment
- Value at securitization
- $8.9M (Nov 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.72x | 1.68x |
| Occupancy | 100% | 100% |
| Net operating income | $761K | $742K |
| Debt yield | 12.8% |
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 Wells Fargo Commercial Mortgage Trust 2025-5C5 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
- The filing gives Jan 2029 as the lease end date for the largest tenant (Parker Hanifin Corp), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.8M | Current | No | 1.68x | 100% |
| August 2026 | $5.8M | Current | No | 1.68x | 100% |
| July 2026 | $5.8M | Current | No | 1.68x | 100% |
| June 2026 | $5.8M | Current | No | 1.68x | 100% |
| May 2026 | $5.8M | Current | No | 1.68x | 100% |
| April 2026 | $5.8M | Current | No | 1.68x | 100% |
| March 2026 | $5.8M | Current | No | 1.68x | 100% |
| February 2026 | $5.8M | Current | No | 1.68x | 100% |
| January 2026 | $5.8M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| December 2025 | $5.8M | Current | No | n/a | n/a |
| November 2025 | $5.8M | Current | No | n/a | n/a |
| October 2025 | $5.8M | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2025-5C5 | 22 | $5,800,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Connecticut loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Link | Stamford, CT | Office | $115.0M | 7.379% | Mar 2030 | 2.16x | 92% | Current |
| Project Wing Industrial | Windsor, CT | Industrial | $70.0M | 6.552% | Oct 2030 | n/a | n/a | Current |
| Up House Apartments | Farmington, CT | Multifamily | $42.5M | 5.92% | Apr 2030 | 1.31x | 89% | Late, less than 30 days |
| Naugatuck Valley Shopping Center | Waterbury, CT | Retail | $26.1M | 5.15% | Apr 2030 | 0.95x | 57% | Current |
| New Haven Multifamily Portfolio | CT | Multifamily | $16.6M | 4.45% | Aug 2030 | 1.32x | 88% | With the special servicer |
| 50 Danbury (Unit 50 Wilton Corporate park ) | Wilton, CT | Office | $16.5M | 6.445% | Nov 2030 | 2.41x | 84% | Current |
| Four Research Drive | Shelton, CT | Office | $16.0M | 4.20% | Jan 2030 | n/a | n/a | With the special servicer |
| Milford Square | Milford, CT | Retail | $16.0M | 6.70% | Oct 2030 | 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.