Retail portfolio, 11 properties · Colorado Springs, Colorado
ExchangeRight Net Leased Portfolio #73
This portfolio is financed with a $39.8M CMBS loan at 6.02% that reaches maturity on December 1, 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
- $39,750,000
- Original balance (same notes)
- $39,750,000
- Interest rate
- 6.02% fixed
- Originated
- November 20, 2025
- Maturity
- December 1, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 31, 2035
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2070 Southgate Road, Colorado Springs, CO 80906
- Metro
- Colorado Springs, CO
- Value at securitization
- $80.4M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $5.1M | $9.9M |
| Debt yield | 24.9% |
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 2025-C39 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 94% above the underwritten figure ($9.9M a year against $5.1M; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| ExchangeRight Net Leased Portfolio #73 | Colorado Springs, CO | Retail | 100% | 1.93x |
| BioLife Madison, WI | Madison, WI | Retail | 100% | 1.99x |
| BioLife Greenfield, WI | Greenfield, WI | Retail | 100% | 1.98x |
| Tractor Supply Batavia, NY | Batavia, NY | Retail | 100% | 2.06x |
| Tractor Supply Lockport, NY | Lockport, NY | Retail | 100% | 2.06x |
| Tractor Supply Tully, NY | Tully, NY | Retail | 100% | 1.88x |
| Tractor Supply Warren, NJ | Warren, NJ | Retail | 100% | 2.26x |
| Tractor Supply Driggs, ID | Driggs, ID | Retail | 100% | 4.13x |
| Hobby Lobby - Madisonville, KY | Madisonville, KY | Retail | 100% | 2.06x |
| Dollar General Market Madisonville, KY | Madisonville, KY | Retail | 100% | 1.99x |
| Dollar General Endicott, NY | Endicott, NY | Retail | 100% | 1.98x |
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $39.8M | Current | No | 1.93x | 100% |
| August 2026 | $39.8M | Current | No | 1.95x | 100% |
| July 2026 | $39.8M | Current | No | 1.95x | 100% |
| June 2026 | $39.8M | Current | No | n/a | n/a |
| May 2026 | $39.8M | Current | No | n/a | n/a |
| April 2026 | $39.8M | Current | No | n/a | n/a |
| March 2026 | $39.8M | Current | No | n/a | n/a |
| February 2026 | $39.8M | Current | No | n/a | n/a |
| January 2026 | $39.8M | Current | No | n/a | n/a |
| December 2025 | $39.8M | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-C39 | 6 | $39,750,000 | Sep 2026 | SEC filing, September 29, 2026 |
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.