Retail · Cambridge, Massachusetts
Fresh Pond Cambridge
Public CMBS trusts hold $50.0M of the loan on Fresh Pond Cambridge at 3.15% that reaches maturity on November 1, 2030, in 4 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $50,000,000
- Original balance (same notes)
- $50,000,000
- Interest rate
- 3.15% fixed
- Originated
- October 27, 2020
- Maturity
- November 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 30, 2030
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 168-210 Alewife Brook Parkway, Cambridge, MA 02138
- Metro
- Boston-Cambridge-Newton, MA-NH
- Rentable area
- 226,730 sq ft
- Built
- 1950
- Largest tenants
- UE TRUE ALEWIFE BROOK PKWY LLC; Whole Foods Market Group; T J Maxx
- Value at securitization
- $113.0M (Aug 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 3.58x | 3.80x |
| Occupancy | 83% | 98% |
| Net operating income (annualized from 3 months) | $5.7M | $6.1M |
| Debt yield | 12.2% |
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 BANK 2021-BNK31 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
- Occupancy has risen from 83% when the loan was securitized to 98%.
- Net operating income is 6% above the underwritten figure ($6.1M a year against $5.7M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 3.58x at securitization to 3.80x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $50.0M | Current | No | 3.80x | 98% |
| August 2026 | $50.0M | Current | No | 3.80x | 98% |
| July 2026 | $50.0M | Current | No | 3.80x | 98% |
| June 2026 | $50.0M | Current | No | 4.17x | 98% |
| May 2026 | $50.0M | Current | No | 4.17x | 98% |
| April 2026 | $50.0M | Current | No | 4.22x | 96% |
| March 2026 | $50.0M | Current | No | 4.22x | 96% |
| February 2026 | $50.0M | Current | No | 4.22x | 96% |
| January 2026 | $50.0M | Current | No | 4.22x | 96% |
| December 2025 | $50.0M | Current | No | 4.26x | 96% |
| November 2025 | $50.0M | Current | No | 4.26x | 96% |
| October 2025 | $50.0M | Current | No | 4.26x | 96% |
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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2020-BNK30 | 9 | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2021-BNK31 | 13 | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Boston-Cambridge-Newton loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vertex Hq | Boston, MA | Mixed use | $311.5M | 4.936% | Sep 2030 | 1.41x | 100% | Current |
| 500 Kendall Street | Cambridge, MA | Mixed use | $230.0M | 5.912% | Feb 2030 | n/a | n/a | Current |
| Logan Cargo Park | East Boston, MA | Industrial | $120.0M | 6.90% | Mar 2030 | 1.22x | 96% | Current |
| Staples HQ | Framingham, MA | Office | $90.0M | 3.11% | Feb 2030 | 5.08x | 100% | Current |
| 38 Swampscott Road | Salem, MA | Self storage | $67.5M | 6.741% | Mar 2030 | n/a | n/a | Current |
| 825 Morton Street | Boston, MA | Retail | $50.0M | 5.819% | Nov 2030 | n/a | n/a | Current |
| 133 Peterborough Street | Boston, MA | Multifamily | $41.5M | 6.08% | Mar 2030 | n/a | n/a | Current |
| Brickyard Square | Epping, NH | Retail | $36.5M | 6.87% | Jun 2030 | 0.80x | 82% | Current |
All loans maturing in 2030 · All Boston-Cambridge-Newton 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.