Industrial · Enfield, Connecticut
Enfield Industrial
Enfield Industrial is financed with a $8.4M CMBS loan at 7.60% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $8,450,000
- Original balance (same notes)
- $8,450,000
- Interest rate
- 7.60% fixed
- Originated
- August 23, 2024
- Maturity
- September 6, 2029
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Barclays
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred June 5, 2026
- Workout strategy
- Modification
- Defeasance
- None reported
The property
- Address
- 53 Manning Road, Enfield, CT 6082
- Rentable area
- 244,505 sq ft
- Built
- 1961, renovated 2022
- Largest tenants
- SoLogistics LLC; SoLogistics LLC; Pallet Services LLC
- Value at securitization
- $14.0M (Jul 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.08x |
| Occupancy | 100% | 82% |
| Net operating income | n/a | $705K |
| Debt yield | 8.3% |
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 2024-5C29 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Occupancy down 10 points or more from securitization
On the cmbs.news watch list in every report since June 2026.
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 100% when the loan was securitized to 82%.
- The most recent valuation in the filing is $7.5M (June 30, 2026), against $14.0M at securitization.
- The filing gives Oct 2028 as the lease end date for the largest tenant (SoLogistics LLC), 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 | $8.4M | 90+ days delinquent | Yes | 1.08x | 82% |
| August 2026 | $8.4M | 90+ days delinquent | Yes | 1.08x | 82% |
| July 2026 | $8.4M | 90+ days delinquent | Yes | 1.08x | 82% |
| June 2026 | $8.4M | 60-89 days delinquent | Yes | 1.08x | 82% |
| May 2026 | $8.4M | Not reported | No | 1.08x | 82% |
| April 2026 | $8.4M | Not reported | No | 1.08x | 84% |
| March 2026 | $8.4M | Not reported | No | 1.00x | 84% |
| February 2026 | $8.4M | Not reported | No | n/a | n/a |
| January 2026 | $8.4M | Not reported | No | n/a | n/a |
| December 2025 | $8.4M | Not reported | No | n/a | n/a |
| November 2025 | $8.4M | Not reported | No | n/a | n/a |
| October 2025 | $8.4M | Not reported | 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.
Special-servicing history
- Transferred to the special servicer June 5, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-5C29 | 35 | $8,450,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Connecticut loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| iPark Norwalk | Norwalk, CT | Mixed use | $95.0M | 6.589% | Jun 2029 | n/a | n/a | Late, less than 30 days |
| One Financial Plaza | Hartford, CT | Office | $45.8M | 4.39% | Jun 2029 | 0.71x | 63% | Current |
| Marriott Hartford Windsor Airport | Windsor, CT | Hotel | $27.0M | 7.26% | Jul 2029 | 2.71x | 57% | Current |
| 1732 Derby Milford Road | Derby, CT | Self storage | $22.1M | 6.54% | Sep 2029 | n/a | n/a | Current |
| 2&4 Armstrong Road | Shelton, CT | Office | $14.6M | 4.90% | Feb 2029 | 1.44x | 71% | Current |
| Stop and Shop Manchester | Manchester, CT | Retail | $10.5M | 5.28% | Jan 2029 | n/a | n/a | Current |
| 249 Legion Avenue | New Haven, CT | Retail | $10.2M | 4.78% | Jan 2029 | -0.14x | 41% | With the special servicer and 90+ days delinquent |
| Elm Street Plaza | Rocky Hill, CT | Retail | $9.5M | 7.14% | Mar 2029 | 2.07x | 100% | 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.