Multifamily portfolio, 3 properties · Bronx, New York
Teller Avenue Portfolio
This portfolio is financed with a $18.5M CMBS loan at 7.42% that reaches maturity on January 6, 2030, in 3 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $18,543,369
- Original balance (same notes)
- $18,600,000
- Interest rate
- 7.42% fixed
- Originated
- December 24, 2024
- Maturity
- January 6, 2030
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Trimont LLC
- Originator
- AREF 2
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred August 11, 2026
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 61
- Value at securitization
- $27.2M
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 1.24x | 1.35x |
| Occupancy | 97% | 98% |
| Net operating income (annualized from 9 months) | $1.9M | $1.9M |
| Debt yield | 10.2% |
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 Wells Fargo Commercial Mortgage Trust 2025-5C3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since July 2026.
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
- Debt service coverage moved from 1.24x at securitization to 1.35x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $18.5M | 90+ days delinquent | Yes | 1.35x | 98% |
| August 2026 | $18.5M | 60-89 days delinquent | No | 1.35x | 98% |
| July 2026 | $18.5M | 30-59 days delinquent | No | 1.35x | 98% |
| June 2026 | $18.5M | Late payment but less than 30 days delinquent | No | 1.35x | 98% |
| May 2026 | $18.5M | Current | No | 1.35x | 98% |
| April 2026 | $18.6M | Current | No | 1.35x | 98% |
| March 2026 | $16.0M | Current | No | 2.33x | 64% |
| February 2026 | $18.6M | Current | No | 1.35x | 98% |
| January 2026 | $18.6M | Current | No | 1.35x | 98% |
| December 2025 | $18.6M | Current | No | 1.35x | 98% |
| November 2025 | $18.6M | Current | No | 1.28x | 100% |
| October 2025 | $18.6M | Current | No | 1.28x | 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.
Special-servicing history
- Transferred to the special servicer August 11, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2025-5C3 | 14 | $18,543,369 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 711 Fifth Avenue | New York, NY | Mixed use | $545.0M | 3.16% | Mar 2030 | 2.71x | 66% | Current |
| Kings Plaza | Brooklyn, NY | Retail | $487.0M | 3.359% | Jan 2030 | 2.38x | 91% | Current |
| Grace Building | New York, NY | Office | $450.0M | 2.692% | Dec 2030 | n/a | n/a | Current |
| 545 Washington Boulevard | Jersey City, NJ | Office | $251.6M | 3.405% | Feb 2030 | 2.00x | 91% | Current |
| 605 Third Avenue | New York, NY | Office | $231.0M | 1.938% | Dec 2030 | 4.66x | 83% | Current |
| The Spiral | New York, NY | Office | $200.0M | 5.50% | Jan 2030 | n/a | n/a | Current |
| 250 West 57th Street | New York, NY | Office | $180.0M | 2.829% | Dec 2030 | 4.41x | 85% | Current |
| Mall at Bay Plaza | The Bronx, NY | Retail | $170.0M | 6.715% | Nov 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.