Retail · Jersey City, New Jersey
Newport Centre
Public CMBS trusts hold $108.0M of the loan on Newport Centre at 5.437% that reaches maturity on September 1, 2034, in 7 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $108,000,000
- Original balance (same notes)
- $108,000,000
- Interest rate
- 5.437% fixed
- Originated
- August 22, 2024
- Maturity
- September 1, 2034
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- GACC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 30 Mall Drive West, Jersey City, NJ 07310
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 966,186 sq ft
- Built
- 1987, renovated 2006
- Largest tenants
- Macy's; Sears; J.C. Penney OpCo
- Value at securitization
- $436.8M (Jul 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.75x |
| Occupancy | 92% | 95% |
| Net operating income | n/a | $28.5M |
| Debt yield | 26.4% |
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 Wells Fargo Commercial Mortgage Trust 2025-C64 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
- The filing gives Jan 2028 as the lease end date for the largest tenant (Macy's), 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 | $108.0M | Current | No | 2.75x | 95% |
| August 2026 | $108.0M | Current | No | 2.75x | 95% |
| July 2026 | $108.0M | Current | No | 2.75x | 95% |
| June 2026 | $108.0M | Current | No | 2.75x | 95% |
| May 2026 | $108.0M | Current | No | 2.75x | 95% |
| April 2026 | $108.0M | Current | No | 2.73x | 93% |
| March 2026 | $108.0M | Current | No | 2.73x | 93% |
| February 2026 | $108.0M | Current | No | 2.73x | 93% |
| January 2026 | $108.0M | Current | No | 2.73x | 93% |
| December 2025 | $108.0M | Current | No | 2.65x | 92% |
| November 2025 | $108.0M | Current | No | 2.65x | 92% |
| October 2025 | $108.0M | Current | No | 2.65x | 92% |
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 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2024-BNK48 | 18 | $20,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BMO 2024-C10 Mortgage Trust | 1-A-1-2-1 | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2024-C10 Mortgage Trust | 1-A-1-3 | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2024-C10 Mortgage Trust | 1-A-2-1-1 | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| Wells Fargo Commercial Mortgage Trust 2025-C64 | 8A | $18,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2025-C64 | 8 | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 680 Madison | New York, NY | Retail | $80.0M | 6.702% | Jun 2034 | 1.74x | 97% | Current |
| Newport Centre Mall | Jersey City, NJ | Retail | $80.0M | 5.437% | Sep 2034 | 2.73x | 94% | Current |
| Mercer Square Owners Corp. | New York, NY | Other | $43.0M | 6.03% | Aug 2034 | n/a | n/a | Current |
| 680 Madison Avenue | New York, NY | Retail | $40.0M | 6.702% | Jun 2034 | 1.74x | 97% | Current |
| 330 West 38th Street | New York, NY | Office | $37.5M | 6.06% | Nov 2034 | n/a | n/a | Current |
| SoHo Grand & Tribeca Grand Hotel | New York, NY | Hotel | $33.5M | 5.54% | Sep 2034 | n/a | n/a | Current |
| 57 Willoughby | Brooklyn, NY | Office | $30.6M | 7.092% | Aug 2034 | 1.99x | 100% | Current |
| 107-115 Greenpoint Avenue | Brooklyn, NY | Multifamily | $30.0M | 6.30% | May 2034 | 1.12x | 98% | 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.