Office · Pittsburgh, Pennsylvania
Frick Building
Frick Building is financed with a $32.2M CMBS loan at 3.70% that reaches maturity on March 1, 2030, in 3 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $32,202,919
- Original balance (same notes)
- $35,250,000
- Interest rate
- 3.70% fixed
- Originated
- February 28, 2020
- Maturity
- March 1, 2030
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- December 31, 2029
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently June 24, 2021
- Defeasance
- Partly defeased
The property
- Address
- 437 Grant Street, Pittsburgh, PA 15219
- Metro
- Pittsburgh, PA
- Rentable area
- 353,677 sq ft
- Built
- 1902
- Largest tenants
- Allegheny Ct of Common PI; County of Allegheny -DA; Kids Voice
- Value at securitization
- $50.0M (Jan 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.85x | 1.04x |
| Occupancy | 73% | 63% |
| Net operating income (annualized from 6 months) | $3.6M | $4.1M |
| Debt yield | 12.7% |
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 JPMDB Commercial Mortgage Securities Trust 2020-COR7 filing for the reporting period ending September 9, 2026, filed with the SEC September 23, 2026.
- Coverage down 0.25x or more from securitization
- Modified
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 73% when the loan was securitized to 63%.
- Net operating income is 13% above the underwritten figure ($4.1M a year against $3.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.85x at securitization to 1.04x on the latest statements.
- The filing gives Dec 2027 as the lease end date for the largest tenant (Allegheny Ct of Common PI), 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 | $32.2M | Current | No | 1.04x | 63% |
| August 2026 | $32.3M | Current | No | 0.94x | 64% |
| July 2026 | $32.3M | Current | No | 0.94x | 64% |
| June 2026 | $32.4M | Current | No | n/a | n/a |
| May 2026 | $32.4M | Current | No | n/a | n/a |
| April 2026 | $32.5M | Current | No | 1.11x | 63% |
| March 2026 | $32.6M | Current | No | 1.11x | 63% |
| February 2026 | $32.6M | Current | No | 1.16x | 62% |
| January 2026 | $32.7M | Current | No | 1.16x | 62% |
| December 2025 | $32.7M | Current | No | 1.16x | 62% |
| November 2025 | $32.8M | Current | No | 1.16x | 60% |
| October 2025 | $32.9M | Current | No | 1.16x | 60% |
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 |
|---|---|---|---|---|
| JPMDB Commercial Mortgage Securities Trust 2020-COR7 | 8 | $32,202,919 | Sep 2026 | SEC filing, September 23, 2026 |
Other Pittsburgh loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Highland Village Townhomes | Pittsburgh, PA | Multifamily | $26.5M | 3.92% | Jan 2030 | 2.52x | 95% | Current |
| Abele Business Park | Bridgeville, PA | Office | $24.4M | 4.00% | Sep 2030 | 1.67x | 85% | Current |
| Guardian Storage _ Seven Fields, Pa | Seven Fields, PA | Self storage | $10.6M | 6.50% | Jun 2030 | 1.54x | 94% | Current |
| Guardian Storage Strip District | Pittsburgh, PA | Self storage | $10.6M | 6.012% | Sep 2030 | 1.50x | 91% | Current |
| Guardian Storage Forest Hills | Pittsburgh, PA | Self storage | $8.5M | 6.244% | Nov 2030 | 1.25x | 95% | Current |
| Hampton Inn Meadow Lands | Washington, PA | Hotel | $5.7M | 7.63% | Apr 2030 | n/a | n/a | Current |
| Fed Ex Mt. Pleasant | Mount Pleasant, PA | Industrial | $4.2M | 4.183% | Jul 2030 | 2.74x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 9, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.