Other portfolio, 2 properties · Peekskill, New York
Spare Cube Portfolio
This portfolio is financed with a $12.0M CMBS loan at 3.81% that reaches maturity on November 1, 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
- $12,000,000
- Original balance (same notes)
- $12,000,000
- Interest rate
- 3.81% fixed
- Originated
- October 26, 2021
- Maturity
- November 1, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 30, 2026
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Mortgage Capital Holdings LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Metro
- New York-Newark-Jersey City, NY-NJ
- Value at securitization
- $25.3M (Aug 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.48x | 3.42x |
| Occupancy | 96% | 97% |
| Net operating income (annualized from 6 months) | $1.2M | $1.6M |
| Debt yield | 13.3% |
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 BANK 2021-BNK37 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Net operating income is 38% above the underwritten figure ($1.6M a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.48x at securitization to 3.42x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.0M | Current | No | 3.42x | 97% |
| August 2026 | $12.0M | Current | No | 3.42x | 97% |
| July 2026 | $12.0M | Current | No | 3.53x | 97% |
| June 2026 | $12.0M | Current | No | 3.53x | 97% |
| May 2026 | $12.0M | Current | No | 3.53x | 97% |
| April 2026 | $12.0M | Current | No | 2.73x | 100% |
| March 2026 | $12.0M | Current | No | 2.73x | 100% |
| February 2026 | $12.0M | Current | No | 2.73x | 100% |
| January 2026 | $12.0M | Current | No | 2.73x | 100% |
| December 2025 | $12.0M | Current | No | 2.73x | 100% |
| November 2025 | $12.0M | Current | No | 2.73x | 100% |
| October 2025 | $12.0M | Current | No | 2.73x | 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 |
|---|---|---|---|---|
| BANK 2021-BNK37 | 29 | $12,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Novo Nordisk HQ | Plainsboro, NJ | Office | $210.7M | 2.838% | Nov 2026 | 4.18x | 78% | Current |
| 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 |
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.