Multifamily · Orange, New Jersey
Summit Orange
49 South Day Street, Orange, NJ · Google Maps
Public CMBS trusts hold $10.0M of the loan on Summit Orange at 6.127% that reaches maturity on June 6, 2031, in 4 years and 7 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $10,000,000
- Original balance (same notes)
- $10,000,000
- Interest rate
- 6.127% fixed
- Originated
- May 29, 2026
- Maturity
- June 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2028
- Prepayment premium ends
- December 5, 2030 (yield maintenance)
- Master servicer
- Servicing Shift
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 49 South Day Street, Orange, NJ 7050
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 99
- Built
- 2024
- Value at securitization
- $40.0M (Apr 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.22x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $2.2M | n/a |
No debt yield is shown: the notes in the trusts below add up to only part of this loan, and the rest is held outside the public trusts tracked here, so the whole balance is not in these filings.
Comparable loans: multifamily properties in New York-Newark-Jersey City, NY-NJ, with NOI, occupancy and value.
Watch flags
Computed from the BBCMS Mortgage Trust 2026-M1 filing for the reporting period ending October 13, 2026, filed with the SEC October 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.
Who is behind this loan
- Non-recourse carveout guarantor and sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Sep 2026.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Operating statement
| Annual | At securitization | Latest | Per unit |
|---|---|---|---|
| Revenue | $2.8M | n/a | |
| Operating expenses | $686K | n/a | |
| Net operating income | $2.2M | n/a | |
| Net cash flow | $2.2M | n/a | |
| Expense ratio | 24.2% | n/a |
From the servicer's Schedule AL report; 99 units.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 2 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $10.0M | Current | No | n/a | n/a |
| September 2026 | $10.0M | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-M1 | 28 | $10,000,000 | Oct 2026 | SEC filing, October 29, 2026 |
Other New York-Newark-Jersey City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 535-545 Fifth Avenue | New York, NY | Mixed use | $309.3M | 7.06% | Jan 2031 | 1.23x | 89% | Current |
| 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 |
| 15 West 47th Street and 2 other properties | New York, NY | Office | $141.0M | 3.51% | Jan 2031 | n/a | n/a | Current |
| Journal Squared Tower 2 | Jersey City, NJ | Multifamily | $133.5M | 3.49% | Dec 2031 | 3.24x | 94% | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | 2.91x | 100% | With the special servicer and 90+ days delinquent |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| The Arches and 5 other properties | 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 October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.