Multifamily portfolio, 8 properties · Philadelphia, Pennsylvania
GM Holdings Portfolio
This portfolio is financed with a $46.0M CMBS loan at 7.055% that reaches maturity on April 6, 2030, in 3 years and 5 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
- $46,000,000
- Original balance (same notes)
- $46,000,000
- Interest rate
- 7.055% fixed
- Originated
- March 31, 2025
- Maturity
- April 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred April 10, 2026
- Workout strategy
- Other
- Modified
- Yes, most recently June 22, 2026
- Defeasance
- None reported
The property
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Units, rooms or beds
- 187
- Value at securitization
- $72.6M (Nov 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.35x | 1.33x |
| Occupancy | 97% | 91% |
| Net operating income | $4.4M | $4.4M |
| Debt yield | 9.5% |
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 2025-5C34 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
- Modified
On the cmbs.news watch list in every report since February 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 97% when the loan was securitized to 91%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $46.0M | 90+ days delinquent | Yes | 1.33x | 91% |
| August 2026 | $46.0M | 90+ days delinquent | Yes | 1.33x | 91% |
| July 2026 | $46.0M | 60-89 days delinquent | Yes | 1.33x | 91% |
| June 2026 | $46.0M | 30-59 days delinquent | Yes | 1.33x | 91% |
| May 2026 | $46.0M | 60-89 days delinquent | Yes | 1.33x | 91% |
| April 2026 | $46.0M | 30-59 days delinquent | Yes | 1.33x | 91% |
| March 2026 | $46.0M | 60-89 days delinquent | No | n/a | n/a |
| February 2026 | $46.0M | 30-59 days delinquent | No | n/a | n/a |
| January 2026 | $46.0M | Current | No | n/a | n/a |
| December 2025 | $46.0M | 30-59 days delinquent | No | n/a | n/a |
| November 2025 | $46.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| October 2025 | $46.0M | Late payment but less than 30 days delinquent | 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 April 10, 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 2025-5C34 | 5 | $46,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Liberty Square Apartments | Philadelphia, PA | Multifamily | $70.0M | 6.385% | Nov 2030 | 1.25x | n/a | Current |
| 161 Washington Street | Conshohocken, PA | Office | $54.0M | 6.302% | Sep 2030 | n/a | n/a | Current |
| Bristol Gardens | Bristol, PA | Multifamily | $46.0M | 6.25% | Jul 2030 | 1.31x | 94% | Current |
| Axalta Navy Yard | Philadelphia, PA | Office | $36.7M | 3.632% | Feb 2030 | 3.45x | 100% | Current |
| Hilton Christiana | Newark, DE | Hotel | $35.0M | 6.845% | Dec 2030 | 1.78x | 72% | Current |
| Whiteland Towne Center | Exton, PA | Retail | $34.4M | 4.00% | Feb 2030 | 1.32x | 92% | Current |
| 3701 Island Avenue | Philadelphia, PA | Hotel | $33.0M | 7.606% | Aug 2030 | n/a | n/a | Current |
| Corner 2nd | Philadelphia, PA | Mixed use | $28.8M | 6.63% | Jan 2030 | 1.34x | n/a | Current |
All loans maturing in 2030 · All Philadelphia-Camden-Wilmington 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.