Multifamily · Brooklyn, New York
Prospect Place Apartments
Public CMBS trusts hold $83.0M of the loan on Prospect Place Apartments at 6.39% that reaches maturity on May 6, 2031, in 4 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $83,000,000
- Original balance (same notes)
- $83,000,000
- Interest rate
- 6.39% fixed
- Originated
- April 14, 2026
- Maturity
- May 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2028
- Prepayment premium ends
- February 5, 2031 (yield maintenance)
- Master servicer
- Trimont, LLC
- Originator
- Zions Bancorporation, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 545 Prospect Place, Brooklyn, NY 11238
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 465
- Built
- 1930, renovated 2012
- Value at securitization
- $125.5M (Feb 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.44x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $7.8M | n/a |
Watch flags
Computed from the BMO 2026-5C15 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
The last 5 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $83.0M | Current | No | n/a | n/a |
| August 2026 | $83.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| July 2026 | $83.0M | Current | No | n/a | n/a |
| June 2026 | $83.0M | Current | No | n/a | n/a |
| May 2026 | $53.4M | Payment not received but still in grace period or not yet due | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-5C41 | 2 | $53,350,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2026-5C15 Mortgage Trust | 8 | $29,650,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other New York-Newark-Jersey City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 375 Pearl Street | New York, NY | Office | $220.0M | 3.368% | Jun 2031 | 2.15x | 100% | Current |
| Park Avenue Plaza | New York, NY | Office | $180.0M | 2.837% | Nov 2031 | 3.70x | 100% | Current |
| 535-545 Fifth Avenue | New York, NY | Mixed use | $179.6M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 15 West 47th Street | New York, NY | Office | $141.0M | 3.51% | Jan 2031 | n/a | n/a | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 535 & 545 5th Avenue | New York, NY | Mixed use | $129.7M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| The Arches | Bronx, NY | Other | $120.0M | 5.436% | Feb 2031 | n/a | n/a | Current |
All loans maturing in 2031 · 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.