Office · Miami, Florida
Quantum on the Bay
Quantum on the Bay is financed with a $3.3M CMBS loan at 7.47% that reaches maturity on September 6, 2035, in 8 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
- $3,325,000
- Original balance (same notes)
- $3,325,000
- Interest rate
- 7.47% fixed
- Originated
- September 5, 2025
- Maturity
- September 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2035
- Master servicer
- Midland
- Originator
- AREF2
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1900 North Bayshore Drive, Miami, FL 33132
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 6,902 sq ft
- Built
- 2007
- Largest tenants
- Quantum Executive Offices; Tatiana Suarez D.M.D; V.Y.S Hair Salon Inc.
- Value at securitization
- $5.9M (Aug 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.49x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $374K | n/a |
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2025-C65 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 Aug 2035 as the lease end date for the largest tenant (Quantum Executive Offices), 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 | $3.3M | Current | No | n/a | n/a |
| August 2026 | $3.3M | Current | No | n/a | n/a |
| July 2026 | $3.3M | Current | No | n/a | n/a |
| June 2026 | $3.3M | Current | No | n/a | n/a |
| May 2026 | $3.3M | Current | No | n/a | n/a |
| April 2026 | $3.3M | Current | No | 1.54x | 100% |
| March 2026 | $3.3M | Current | No | 1.54x | 100% |
| February 2026 | $3.3M | Current | No | n/a | n/a |
| January 2026 | $3.3M | Current | No | n/a | n/a |
| December 2025 | $3.3M | Current | No | n/a | n/a |
| November 2025 | $3.3M | Current | No | n/a | n/a |
| October 2025 | $3.3M | Current | No | 1.77x | 100% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2025-C65 | 23 | $3,325,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Dadeland Centre I & II | Miami, FL | Office | $51.5M | 7.40% | May 2035 | 1.62x | 94% | Current |
| Shoppes at Dadeland | Miami, FL | Retail | $40.5M | 6.74% | Aug 2035 | 0.98x | 100% | Current |
| PGA Financial Plaza | Palm Beach Gardens, FL | Office | $17.0M | 6.36% | Oct 2035 | n/a | n/a | Current |
| Miramar Crossing | Miramar, FL | Retail | $5.5M | 6.32% | Apr 2035 | 3.05x | 96% | 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.