Mixed use · Beavercreek, Ohio
Greene Town Center
Public CMBS trusts hold $106.3M of the loan on Greene Town Center at 6.60% that reaches maturity on October 6, 2034, in 7 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $106,250,000
- Original balance (same notes)
- $106,250,000
- Interest rate
- 6.60% fixed
- Originated
- October 2, 2024
- Maturity
- October 6, 2034
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- August 5, 2034
- Master servicer
- Midland
- Originator
- n/a
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4452 Buckeye Lane, Beavercreek, OH 45440
- Metro
- Dayton-Kettering-Beavercreek, OH
- Rentable area
- 717,839 sq ft
- Built
- 2007
- Largest tenants
- LA Fitness &37301; Nordstrom Rack &279; Books & Co.
- Value at securitization
- $167.3M (Aug 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.69x | 2.18x |
| Occupancy | 92% | 86% |
| Net operating income | $13.8M | $15.5M |
| Debt yield | 14.6% |
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 2025-BNK49 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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 92% when the loan was securitized to 86%.
- Net operating income is 13% above the underwritten figure ($15.5M a year against $13.8M).
- Debt service coverage moved from 1.69x at securitization to 2.18x on the latest statements.
- The filing gives Nov 2026 as the lease end date for the largest tenant (LA Fitness &37301), 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 | $106.3M | Current | No | 2.18x | 86% |
| August 2026 | $106.3M | Current | No | n/a | n/a |
| July 2026 | $106.3M | Current | No | n/a | n/a |
| June 2026 | $106.3M | Current | No | n/a | n/a |
| May 2026 | $106.3M | Current | No | n/a | n/a |
| April 2026 | $106.3M | Current | No | 1.88x | 90% |
| March 2026 | $106.3M | Current | No | 1.88x | 88% |
| February 2026 | $106.3M | Current | No | 1.88x | 69% |
| January 2026 | $106.3M | Current | No | 1.88x | 69% |
| December 2025 | $106.3M | Current | No | 2.38x | 87% |
| November 2025 | $106.3M | Current | No | 2.38x | 87% |
| October 2025 | $106.3M | Current | No | 2.38x | 87% |
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 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-C32 | 2 | $89,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Morgan Stanley Bank of America Merrill Lynch Trust 2025-C35 | 14 | $12,562,500 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2025-BNK49 | 36 | $4,687,500 | 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.