Multifamily · Syracuse, New York
Rugby Square Apartments
Rugby Square Apartments is financed with a $14.5M CMBS loan at 6.587% that reaches maturity on September 1, 2031, in 4 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
- $14,500,000
- Original balance (same notes)
- $14,500,000
- Interest rate
- 6.587% fixed
- Originated
- August 28, 2026
- Maturity
- September 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 30, 2028
- Prepayment premium ends
- February 28, 2031 (yield maintenance)
- Originator
- Société Générale Financial Corporation
Status
- Payment status
- Payment not received but still in grace period or not yet due. (code A)
- Special servicing
- No transfer reported
- Workout strategy
- Other
- Defeasance
- Partly defeased
The property
- Address
- 212 Dorchester Avenue, Syracuse, NY 13203
- Metro
- Syracuse, NY
- Units, rooms or beds
- 212
- Built
- 1950
- Value at securitization
- $23.4M (Aug 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.49x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $1.4M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-M1 filing for the reporting period ending September 11, 2026, filed with the SEC September 14, 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 1 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.5M | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-M1 | 19 | $14,500,000 | Sep 2026 | SEC filing, September 14, 2026 |
Other Syracuse loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Raymour & Flanigan Campus | Liverpool, NY | Industrial | $87.0M | 2.925% | Oct 2031 | 3.17x | 100% | Current |
| Onx Industrial Campus | DeWitt, NY | Industrial | $54.0M | 7.21% | May 2031 | n/a | n/a | Current |
| Cameron Ashley Syracuse | Syracuse, NY | Industrial | $3.6M | 4.22% | Nov 2031 | n/a | n/a | Current |
| Hilltop Mhc, Oswego | Oswego, NY | Manufactured housing | $3.3M | 6.80% | May 2031 | n/a | n/a | 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.