Other · Flushing, New York
The Franklin Owners Corp.
142-15 Franklin Avenue, Flushing, NY · Google Maps
BMO 2024-C8 Mortgage Trust's 10-D report of October 19, 2026 lists the CMBS loan on The Franklin Owners Corp. with $2.7M outstanding at 6.43%, paid through October 1, 2026; it reaches maturity on February 1, 2034. The trust's monthly asset file has left the loan out since April 2024, so the other figures here are from the last one that listed it, for the period ending March 11, 2024, and the loan has no current status.
The loan
- Balance on the 10-D of October 19, 2026
- $2,669,106
- Paid through, on the 10-D
- October 1, 2026
- Balance on the asset file for Mar 2024
- $2,746,989
- Original balance (same notes)
- $2,750,000
- Interest rate
- 6.43% fixed
- Originated
- January 31, 2024
- Maturity
- February 1, 2034
- Payments
- Amortizing over 30 years
- Prepayment premium ends
- October 31, 2033
- Master servicer
- National Cooperative Bank
- Originator
- National Consumer Cooperative Bank
Status on the asset file for Mar 2024
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Workout strategy
- Other
- Defeasance
- None reported
What the trust's asset file said for the period ending March 11, 2024. Its later files leave the loan out, so nothing newer is known here beyond the 10-D's paid-through date, October 1, 2026. Why.
The property
- Address
- 142-15 Franklin Avenue, Flushing, NY 11355
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 72
- Built
- 1969, renovated 2003
- Value at securitization
- $26.9M (Dec 2023)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 5.42x | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $1.1M | n/a |
Comparable loans: other properties in New York-Newark-Jersey City, NY-NJ, with NOI, occupancy and value.
Watch flags
None: the trust's latest asset file leaves this loan out, so there is no current filing to read them from. The loan counts in no list, total or watch figure on this site until a filing lists it again.
Who is behind this loan
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-C8 Mortgage Trust | 36 | $2,669,106on the 10-D of October 19, 2026, paid through October 1, 2026 | Mar 2024the last asset file to list it | SEC filing, March 11, 2024; 10-D |
BMO 2024-C8 Mortgage Trust's monthly asset file leaves out the note marked above, since April 2024, while the trust's 10-D still reports it. Its balance is the 10-D's; its other figures are from the last asset file that listed it. Why.
Other New York-Newark-Jersey City loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Newport Centre | Jersey City, NJ | Retail | $188.0M | 5.437% | Sep 2034 | 2.71x | 94% | Current |
| 680 Madison | New York, NY | Retail | $120.0M | 6.702% | Jun 2034 | 1.74x | 97% | Current |
| Mercer Square Owners Corp. | New York, NY | Other | $43.0M | 6.03% | Aug 2034 | n/a | n/a | Current |
| 330 West 38th Street and 1 other property | New York, NY | Office | $37.5M | 6.06% | Nov 2034 | n/a | n/a | Current |
| SoHo Grand & Tribeca Grand Hotel and 1 other property | New York, NY | Hotel | $33.5M | 5.54% | Sep 2034 | n/a | n/a | Current |
| 57 Willoughby | Brooklyn, NY | Office | $30.6M | 7.092% | Aug 2034 | 1.99x | 100% | Current |
| 107-115 Greenpoint Avenue | Brooklyn, NY | Multifamily | $30.0M | 6.30% | May 2034 | 1.10x | 100% | Current |
| Briarcliff Commons | Morris Plains, NJ | Retail | $30.0M | 5.47% | Oct 2034 | 2.77x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending March 11, 2024, and the trust's 10-D report of October 19, 2026 for the balance and paid-through date. Servicers report these figures; cmbs.news does not audit them. How this page is built.