Retail · Ewing Township, New Jersey
Suburban Square (NJ)
Suburban Square (NJ) is financed with a $18.5M CMBS loan at 6.87% that reaches maturity on July 5, 2030, in 3 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $18,500,000
- Original balance (same notes)
- $18,500,000
- Interest rate
- 6.87% fixed
- Originated
- June 26, 2025
- Maturity
- July 5, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 4, 2030
- Master servicer
- Midland
- Originator
- 3650 Capital SCF LOE I(A), LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1300 and 1320 Parkway Avenue 25-49 and 51 South Scotch Road, Ewing Township, NJ 08628
- Metro
- Trenton-Princeton, NJ
- Rentable area
- 107,301 sq ft
- Built
- 1960, renovated 2007
- Largest tenants
- Capital Health System, Inc.; New Jersey CVS Pharmacy, L.L.C.; The SHS Group LLC
- Value at securitization
- $28.5M (Apr 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.67x | n/a |
| Occupancy | 93% | n/a |
| Net operating income | $2.2M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2025-5C37 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $18.5M | Current | No | n/a | n/a |
| August 2026 | $18.5M | Current | No | n/a | n/a |
| July 2026 | $18.5M | Current | No | n/a | n/a |
| June 2026 | $18.5M | Current | No | n/a | n/a |
| May 2026 | $18.5M | Current | No | n/a | n/a |
| April 2026 | $18.5M | Current | No | 3.20x | 90% |
| March 2026 | $18.5M | Current | No | 3.20x | 90% |
| February 2026 | $18.5M | Current | No | 3.20x | 90% |
| January 2026 | $18.5M | Current | No | 3.20x | 90% |
| December 2025 | $18.5M | Current | No | 3.20x | 90% |
| November 2025 | $18.5M | Current | No | 3.20x | 90% |
| October 2025 | $18.5M | Current | 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 2025-5C37 | 17 | $18,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Trenton-Princeton loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Brookside Gardens | Hamilton, NJ | Multifamily | $50.0M | 6.54% | Oct 2030 | 1.17x | 92% | Current |
| 329 Wyckoff Mills Road | East Windsor, NJ | Industrial | $49.5M | 3.464% | Sep 2030 | 4.04x | 100% | Current |
| Princeton R&d Portfolio | Princeton, NJ | Mixed use | $48.0M | 6.437% | Aug 2030 | n/a | n/a | Current |
| The Court at Hamilton | Hamilton, NJ | Retail | $13.0M | 3.55% | Mar 2030 | 2.00x | 98% | Current |
| Omega Self Storage Lawrenceville | Lawrence Township, NJ | Self storage | $6.0M | 5.967% | Dec 2030 | n/a | n/a | Current |
| Hogan Self Storage | Pennington, NJ | Self storage | $4.1M | 3.98% | Mar 2030 | 1.09x | 81% | 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.