Industrial · Brooklyn, New York
Fedex Brooklyn
830 Fountain Avenue, Brooklyn, NY · Google Maps
Public CMBS trusts hold $70.0M of the loan on Fedex Brooklyn at 6.44% that reaches maturity on September 1, 2031, in 4 years and 10 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $70,000,000
- Original balance (same notes)
- $70,000,000
- Interest rate
- 6.44% fixed
- Originated
- August 5, 2026
- Maturity
- September 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 30, 2028
- Prepayment premium ends
- February 28, 2031 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 830 Fountain Avenue, Brooklyn, NY 11239
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 278,721 sq ft
- Built
- 2014
- Largest tenants
- FEDEX GROUND PACKAGE SYSTEM, INC.
- Value at securitization
- $200.0M (May 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.29x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $11.1M | n/a |
No debt yield is shown: the notes in the trusts below add up to only part of this loan, and the rest is held outside the public trusts tracked here, so the whole balance is not in these filings.
Comparable loans: industrial properties in New York-Newark-Jersey City, NY-NJ, with NOI, occupancy and value.
Watch flags
Computed from the BANK5 2026-5YR24 filing for the reporting period ending October 13, 2026, filed with the SEC October 30, 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 Jun 2030 as the lease end date for the largest tenant (FEDEX GROUND PACKAGE SYSTEM, INC.), before the loan matures. Lenders look hard at that rollover.
Who is behind this loan
- Non-recourse carveout guarantor and sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Aug 2026.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Operating statement
| Annual | At securitization | Latest | Per sq ft |
|---|---|---|---|
| Revenue | $12.8M | n/a | |
| Operating expenses | $1.7M | n/a | |
| Net operating income | $11.1M | n/a | |
| Net cash flow | $10.9M | n/a | |
| Expense ratio | 13.3% | n/a |
From the servicer's Schedule AL report; 278,721 sq ft.
Largest tenants
| Tenant | Sq ft | Share of building | Lease ends |
|---|---|---|---|
| FEDEX GROUND PACKAGE SYSTEM, INC. | 278,721 | 100% | Jun 2030 |
Red: the lease ends before the loan matures.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 3 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $70.0M | Current | No | n/a | n/a |
| September 2026 | $70.0M | Current | No | n/a | n/a |
| August 2026 | $70.0M | Current | No | 1.25x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2026-5YR24 | 3 | $60,000,000 | Oct 2026 | SEC filing, October 30, 2026 |
| BANK5 2026-5YR24 | 3A | $10,000,000 | Oct 2026 | SEC filing, October 30, 2026 |
Other New York-Newark-Jersey City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 535-545 Fifth Avenue | New York, NY | Mixed use | $309.3M | 7.06% | Jan 2031 | 1.23x | 89% | Current |
| 375 Pearl Street | New York, NY | Office | $220.0M | 3.368% | Jun 2031 | 2.15x | 100% | Current |
| Park Avenue Plaza | New York, NY | Office | $180.0M | 2.837% | Nov 2031 | 3.70x | 100% | Current |
| 15 West 47th Street and 2 other properties | New York, NY | Office | $141.0M | 3.51% | Jan 2031 | n/a | n/a | Current |
| Journal Squared Tower 2 | Jersey City, NJ | Multifamily | $133.5M | 3.49% | Dec 2031 | 3.24x | 94% | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | 2.91x | 100% | With the special servicer and 90+ days delinquent |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| The Arches and 5 other properties | Bronx, NY | Other | $120.0M | 5.436% | Feb 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.