Industrial · Cleveland, Ohio
Lakeside Commerce Center
Lakeside Commerce Center is financed with a $13.0M CMBS loan at 6.572% that reaches maturity on August 6, 2035, in 8 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,985,000
- Original balance (same notes)
- $12,985,000
- Interest rate
- 6.572% fixed
- Originated
- July 31, 2025
- Maturity
- August 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2035
- Master servicer
- Midland Loan Services
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 5300 Lakeside Avenue, Cleveland, OH 44114
- Metro
- Cleveland, OH
- Rentable area
- 334,162 sq ft
- Built
- 1934, renovated 2021
- Largest tenants
- Sandvik; All Freight; American Iron & Metal
- Value at securitization
- $20.3M (May 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.83x | n/a |
| Occupancy | 88% | n/a |
| Net operating income | $1.6M | n/a |
Watch flags
Computed from the Benchmark 2025-B41 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 Oct 2032 as the lease end date for the largest tenant (Sandvik), 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 | $13.0M | Current | No | n/a | n/a |
| August 2026 | $13.0M | Current | No | n/a | n/a |
| July 2026 | $13.0M | Current | No | n/a | n/a |
| June 2026 | $13.0M | Current | No | n/a | n/a |
| May 2026 | $13.0M | Current | No | n/a | n/a |
| April 2026 | $13.0M | Current | No | n/a | n/a |
| March 2026 | $13.0M | Current | No | n/a | n/a |
| February 2026 | $13.0M | Current | No | n/a | n/a |
| January 2026 | $13.0M | Current | No | n/a | n/a |
| December 2025 | $13.0M | Current | No | n/a | n/a |
| November 2025 | $13.0M | Current | No | n/a | n/a |
| October 2025 | $13.0M | Current | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2025-B41 Mortgage Trust | 16 | $12,985,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Cleveland loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vista Apartments | Euclid, OH | Multifamily | $45.0M | 6.516% | Aug 2035 | n/a | n/a | Current |
| Windsor Building | Cleveland, OH | Retail | $38.0M | 7.50% | Oct 2035 | n/a | n/a | Current |
| Park Center Plaza I, Ii, III | Independence, OH | Office | $31.6M | 6.90% | Dec 2035 | 1.89x | 96% | Current |
| Highland Business Park | Warrensville Heights, OH | Mixed use | $10.4M | 7.46% | Feb 2035 | n/a | n/a | Current |
| Giant Eagle - Chardon | Chardon, OH | Retail | $6.4M | 6.73% | May 2035 | 2.04x | 100% | Current |
| Hampton Inn Cleveland Airport | Brooklyn, OH | Hotel | $6.0M | 6.712% | Aug 2035 | n/a | n/a | Current |
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.