Retail · Coraopolis, Pennsylvania
Thorn Run Crossing
Thorn Run Crossing is financed with a $4.4M CMBS loan at 7.01% that reaches maturity on November 6, 2035, in 9 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,420,000
- Original balance (same notes)
- $4,420,000
- Interest rate
- 7.01% fixed
- Originated
- October 31, 2025
- Maturity
- November 6, 2035
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- May 5, 2035
- Master servicer
- Midland Loan Service
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1132 - 1136 Thorn Run Road, Coraopolis, PA 15108
- Metro
- Pittsburgh, PA
- Rentable area
- 49,234 sq ft
- Built
- 1990
- Largest tenants
- TOTAL RENAL CARE, IN; THE SHERWIN WILLIAMS; ARMSTRONG'S
- Value at securitization
- $11.4M (Sep 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.45x | n/a |
| Occupancy | 73% | n/a |
| Net operating income | $513K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2025-C39 filing for the reporting period ending September 11, 2026, filed with the SEC September 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.
What the filing shows
- The filing gives Dec 2030 as the lease end date for the largest tenant (TOTAL RENAL CARE, IN), before the loan matures. Lenders look hard at that rollover.
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.4M | Current | No | n/a | n/a |
| August 2026 | $4.4M | Current | No | n/a | n/a |
| July 2026 | $4.4M | Current | No | n/a | n/a |
| June 2026 | $4.4M | Current | No | n/a | n/a |
| May 2026 | $4.4M | Current | No | n/a | n/a |
| April 2026 | $4.4M | Current | No | n/a | n/a |
| March 2026 | $4.4M | Current | No | n/a | n/a |
| February 2026 | $4.4M | Current | No | n/a | n/a |
| January 2026 | $4.4M | Current | No | n/a | n/a |
| December 2025 | $4.4M | 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. 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-C39 | 31 | $4,420,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Pittsburgh loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Two Chatham Garage Center | Pittsburgh, PA | Mixed use | $45.0M | 7.052% | Aug 2035 | 1.65x | 100% | Current |
| Fed Ex Portfolio | Hunker, PA | Industrial | $36.0M | 7.01% | Feb 2035 | n/a | n/a | Current |
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.