Mixed use · Brewster, New York
The Orchard Ridge Corporate Park
The Orchard Ridge Corporate Park is financed with a $13.0M CMBS loan at 5.41% that reaches maturity on December 1, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,047,397
- Original balance (same notes)
- $14,000,000
- Interest rate
- 5.41% fixed
- Originated
- November 2, 2018
- Maturity
- December 1, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- September 30, 2028
- Master servicer
- Midland Loan Services
- Originator
- CIBC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 18, 2020, returned September 23, 2020
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 281 & 301 Fields Lane, Brewster, NY 10509
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 145,726 sq ft
- Built
- 1986, renovated 2006
- Largest tenants
- Pedifix Inc.; Casafina aka Costa Nova USA, Inc; Medicanix, Inc.
- Value at securitization
- $22.5M (Jun 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.46x | 0.63x |
| Occupancy | 85% | 62% |
| Net operating income (annualized from 6 months) | $1.4M | $1.2M |
| Debt yield | 9.2% |
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 UBS Commercial Mortgage Trust 2018-C14 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
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
- Occupancy has fallen from 85% when the loan was securitized to 62%.
- Net operating income is 13% below the underwritten figure ($1.2M a year against $1.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.46x at securitization to 0.63x on the latest statements.
- At 0.63x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.0M | Current | No | 0.63x | 62% |
| August 2026 | $13.1M | Current | No | 0.63x | 62% |
| July 2026 | $13.1M | Current | No | 0.85x | 74% |
| June 2026 | $13.1M | Current | No | n/a | n/a |
| May 2026 | $13.1M | Current | No | n/a | n/a |
| April 2026 | $13.1M | Current | No | 0.93x | 98% |
| March 2026 | $13.2M | Current | No | 0.93x | 98% |
| February 2026 | $13.2M | Current | No | 0.93x | 98% |
| January 2026 | $13.2M | Current | No | 0.93x | 98% |
| December 2025 | $13.2M | Current | No | 0.87x | 97% |
| November 2025 | $13.2M | Current | No | 0.87x | 97% |
| October 2025 | $13.3M | Current | No | 0.87x | 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.
Special-servicing history
- Transferred to the special servicer June 18, 2020, returned to the master servicer September 23, 2020.
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C14 | 16 | $13,047,397 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| 11 West 42nd Street | New York, NY | Office | $274.0M | 7.44% | Jul 2028 | 1.27x | 99% | Current |
| Harborside 2-3 | Jersey City, NJ | Office | $225.0M | 5.84% | Apr 2028 | 2.29x | 76% | Current |
| 3 Park Avenue | New York, NY | Office | $182.0M | 4.75% | Dec 2028 | 0.61x | 47% | Current |
| Gateway Center South | Brooklyn, NY | Retail | $162.5M | 6.873% | Jun 2028 | 1.69x | 98% | Current |
| 685 Fifth Avenue Retail | New York, NY | Retail | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| 1745 Broadway | New York, NY | Office | $144.0M | 3.768% | Jun 2028 | 2.52x | 88% | Current |
| 65 Broadway, New York (2028 maturity), loan 4Sb in CF 2019-CF1 Mortgage Trust | New York, NY | Office | $136.0M | 4.935% | Dec 2028 | n/a | n/a | Current |
All loans maturing in 2028 · 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.