Multifamily · Fishers, Indiana
The Depot at Nickel Plate
The Depot at Nickel Plate is financed with a $36.5M CMBS loan at 6.24% that reaches maturity on September 1, 2030, in 3 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
- $36,500,000
- Original balance (same notes)
- $36,500,000
- Interest rate
- 6.24% fixed
- Originated
- August 28, 2025
- Maturity
- September 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 31, 2030
- Master servicer
- KeyBank
- Originator
- KeyBank
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8594 East 116th Street, Fishers, IN 46038
- Metro
- Indianapolis-Carmel-Greenwood, IN
- Units, rooms or beds
- 242
- Built
- 2014
- Value at securitization
- $59.4M (Jul 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.37x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $3.2M | n/a |
Watch flags
Computed from the Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $36.5M | Current | No | n/a | n/a |
| August 2026 | $36.5M | Current | No | n/a | n/a |
| July 2026 | $36.5M | Current | No | n/a | n/a |
| June 2026 | $36.5M | Current | No | n/a | n/a |
| May 2026 | $36.5M | Current | No | n/a | n/a |
| April 2026 | $36.5M | Current | No | n/a | n/a |
| March 2026 | $36.5M | Current | No | n/a | n/a |
| February 2026 | $36.5M | Current | No | n/a | n/a |
| January 2026 | $36.5M | Current | No | n/a | n/a |
| December 2025 | $36.5M | Current | No | n/a | n/a |
| November 2025 | $36.5M | Current | No | 1.33x | 97% |
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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2 | 5 | $36,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Indianapolis-Carmel-Greenwood loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Silverstone | Indianapolis, IN | Manufactured housing | $61.5M | 7.019% | Jan 2030 | n/a | n/a | Current |
| Landings I & II | Indianapolis, IN | Office | $24.0M | 6.65% | Oct 2030 | 1.77x | 92% | Current |
| RISE Noblesville | Noblesville, IN | Self storage | $12.5M | 6.77% | Jun 2030 | n/a | n/a | Current |
| Holiday Inn Indianapolis Airport Area - N | Indianapolis, IN | Hotel | $9.7M | 8.60% | Jun 2030 | n/a | n/a | Current |
| Old Meridian Professional Center | Carmel, IN | Office | $4.9M | 3.90% | Jul 2030 | 2.47x | 100% | Current |
| Cool Creek Village | Carmel, IN | Mixed use | $4.4M | 3.65% | Mar 2030 | 4.16x | 94% | Current |
| Plainfield Commons Ii | Plainfield, IN | Retail | $3.7M | 4.035% | Nov 2030 | 2.22x | 100% | Current |
All loans maturing in 2030 · All Indianapolis-Carmel-Greenwood 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.