Industrial · Madison, Alabama
Madison Flex Warehouses
Madison Flex Warehouses is financed with a $5.5M CMBS loan at 6.25% that reaches maturity on June 6, 2030, in 3 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,450,000
- Original balance (same notes)
- $5,450,000
- Interest rate
- 6.25% fixed
- Originated
- May 20, 2025
- Maturity
- June 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 9580-9582 Madison Boulevard, Madison, AL 35758
- Metro
- Huntsville, AL
- Rentable area
- 73,685 sq ft
- Built
- 1987, renovated 1989
- Largest tenants
- Guajuana Distillery LLC; Huntsville Plumbing Inc; Erie Construction Company
- Value at securitization
- $7.4M (Apr 2025)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.64x | 2.43x |
| Occupancy | 88% | 97% |
| Net operating income (annualized from 3 months) | $566K | $838K |
| Debt yield | 15.4% |
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 2025-5C36 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Occupancy has risen from 88% when the loan was securitized to 97%.
- Net operating income is 48% above the underwritten figure ($838K a year against $566K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.64x at securitization to 2.43x on the latest statements.
- The filing gives Sep 2026 as the lease end date for the largest tenant (Guajuana Distillery LLC), 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 | $5.5M | Current | No | 2.43x | 97% |
| August 2026 | $5.5M | Current | No | 2.43x | 97% |
| July 2026 | $5.5M | Current | No | 2.43x | 97% |
| June 2026 | $5.5M | Current | No | n/a | n/a |
| May 2026 | $5.5M | Current | No | n/a | n/a |
| April 2026 | $5.5M | Current | No | n/a | n/a |
| March 2026 | $5.5M | Current | No | n/a | n/a |
| February 2026 | $5.5M | Current | No | n/a | n/a |
| January 2026 | $5.5M | Current | No | n/a | n/a |
| December 2025 | $5.5M | Current | No | n/a | n/a |
| November 2025 | $5.5M | Current | No | n/a | n/a |
| October 2025 | $5.5M | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-5C36 | 26 | $5,450,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Huntsville loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Springhill Suites Huntsville | Huntsville, AL | Hotel | $16.0M | 6.44% | Apr 2030 | 2.11x | 65% | Current |
| 6723 Odyssey Drive | Huntsville, AL | Office | $13.0M | 7.15% | Oct 2030 | 1.52x | 96% | Current |
| Huntsville Self Storage - Madison | Madison, AL | Self storage | $4.9M | 4.01% | Jan 2030 | 2.21x | 84% | Current |
| Execuplex Mini Storage Center | Huntsville, AL | Self storage | $3.3M | 4.265% | Sep 2030 | 1.67x | 100% | 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.