Office · Plainsboro, New Jersey
Novo Nordisk HQ
Public CMBS trusts hold $210.7M of the loan on Novo Nordisk HQ at 2.838% that reaches its anticipated repayment date on November 6, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $210,667,000
- Original balance (same notes)
- $210,667,000
- Interest rate
- 2.838% fixed
- Originated
- November 5, 2021
- Maturity
- April 6, 2031
- Anticipated repayment date
- November 6, 2026 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for 55 months, then amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- DBRI
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 800 Scudders Mill Road, Plainsboro, NJ 8536
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 731,104 sq ft
- Built
- 1985, renovated 2013
- Largest tenants
- Novo Nordisk Inc.; Novo Nordisk Inc.
- Value at securitization
- $330.0M (Sep 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 4.18x |
| Occupancy | 77% | 78% |
| Net operating income | n/a | $25.3M |
| Debt yield | 12.0% |
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 BENCHMARK 2022-B35 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Matures 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $210.7M | Current | No | 3.69x | 78% |
| August 2026 | $210.7M | Current | No | 3.68x | 78% |
| July 2026 | $210.7M | Late payment but less than 30 days delinquent | No | 3.68x | 78% |
| June 2026 | $210.7M | Late payment but less than 30 days delinquent | No | 3.68x | 78% |
| May 2026 | $210.7M | Current | No | 4.18x | 78% |
| April 2026 | $210.7M | Late payment but less than 30 days delinquent | No | 4.18x | 78% |
| March 2026 | $210.7M | Current | No | 3.61x | 78% |
| February 2026 | $210.7M | Late payment but less than 30 days delinquent | No | 3.61x | 78% |
| January 2026 | $210.7M | Current | No | 3.61x | 78% |
| December 2025 | $210.7M | 30-59 days delinquent | No | 3.54x | 78% |
| November 2025 | $210.7M | 30-59 days delinquent | No | 3.54x | 78% |
| October 2025 | $210.7M | 60-89 days delinquent | No | 3.54x | 78% |
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 5 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2021-B31 MORTGAGE TRUST | 3 | $75,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
| Benchmark 2022-B32 Mortgage Trust | 12 | $60,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2022-B33 Mortgage Trust | 10 | $41,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2022-B34 Mortgage Trust | 15 | $22,167,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BENCHMARK 2022-B35 MORTGAGE TRUST | 25 | $12,500,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 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 |
| 20 Times Square, New York (2026 maturity), loan 1 in UBS Commercial Mortgage Trust 2018-C11 | New York, NY | Mixed use | $64.7M | 3.108% | May 2026 | n/a | 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 September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.