Hotel · New York, New York
Library Hotel
Library Hotel is financed with a $28.4M CMBS loan at 5.20% that reaches maturity on December 6, 2026, in 1 month. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $28,361,650
- Original balance (same notes)
- $31,000,000
- Interest rate
- 5.20% fixed
- Originated
- November 8, 2016
- Maturity
- December 6, 2026
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- January 5, 2019
- Master servicer
- BPC
- Originator
- CCRE
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 10, 2020, returned March 31, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently December 15, 2021
- Defeasance
- None reported
The property
- Address
- 299 Madison Ave, New York, NY 10074
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 32,944 sq ft
- Units, rooms or beds
- 60
- Built
- 1913, renovated 2000
- Value at securitization
- $50.5M (Oct 2016)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.58x | n/a |
| Occupancy | 93% | n/a |
| Net operating income | $3.2M | n/a |
Watch flags
Computed from the CFCRE 2016-C7 Mortgage Trust filing for the reporting period ending October 6, 2026, filed with the SEC October 21, 2026.
- Matures within 12 months
- 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
- The most recent valuation in the filing is $40.0M (September 1, 2020), against $50.5M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $28.4M | Current | No | n/a | n/a |
| September 2026 | $28.4M | Current | No | n/a | n/a |
| August 2026 | $28.5M | Current | No | n/a | n/a |
| July 2026 | $28.5M | Current | No | n/a | n/a |
| June 2026 | $28.5M | Current | No | n/a | n/a |
| May 2026 | $28.6M | Current | No | n/a | n/a |
| April 2026 | $28.6M | Current | No | n/a | n/a |
| March 2026 | $28.7M | Current | No | n/a | n/a |
| February 2026 | $28.7M | Current | No | n/a | n/a |
| January 2026 | $28.8M | Current | No | n/a | n/a |
| December 2025 | $28.8M | Current | No | n/a | n/a |
| November 2025 | $28.9M | 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.
Special-servicing history
- Transferred to the special servicer June 10, 2020, returned to the master servicer March 31, 2022.
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 |
|---|---|---|---|---|
| CFCRE 2016-C7 Mortgage Trust | 9 | $28,361,650 | Oct 2026 | SEC filing, October 21, 2026 |
Other New York-Newark-Jersey City loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Novo Nordisk HQ | Plainsboro, NJ | Office | $210.7M | 2.838% | Nov 2026 | 4.18x | 78% | Current |
| 681 Fifth Avenue | New York, NY | Mixed use | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| The Essex | New York, NY | Mixed use | $117.0M | 2.759% | Nov 2026 | n/a | n/a | Current |
| 8 Times Square & 1460 Broadway | New York, NY | Mixed use | $100.0M | 4.05% | Nov 2026 | 2.01x | 100% | With the special servicer |
| 85 Tenth Avenue | New York, NY | Mixed use | $100.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| 55 Prospect Street, Brooklyn (2026 maturity) | Brooklyn, NY | Office | $72.9M | 4.05% | Sep 2026 | n/a | n/a | With the special servicer |
| 101 Ludlow | New York, NY | Mixed use | $71.0M | 4.412% | Nov 2026 | 1.81x | 100% | Current |
| 20 Times Square, New York (2026 maturity), loan 1 in CSAIL 2018-CX12 Commercial Mortgage Trust | New York, NY | Other | $64.7M | 3.108% | May 2026 | 4.15x | n/a | With the special servicer |
All loans maturing in 2026 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.