Multifamily · Pittsburg, Kansas
University Digs
1902 South Broadway Street, Pittsburg, KS · Google Maps
University Digs is financed with a $22.8M CMBS loan at 7.06% that reaches maturity on August 6, 2031, in 4 years and 9 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $22,750,000
- Original balance (same notes)
- $22,750,000
- Interest rate
- 7.06% fixed
- Originated
- July 23, 2026
- Maturity
- August 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2031
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1902 South Broadway Street, Pittsburg, KS 66762
- Units, rooms or beds
- 190
- Built
- 1960, renovated 2024
- Value at securitization
- $31.7M (Jun 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.43x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $2.3M | n/a |
Comparable loans: multifamily properties in Kansas, with NOI, occupancy and value.
Watch flags
Computed from the BBCMS Mortgage Trust 2026-M1 filing for the reporting period ending October 13, 2026, filed with the SEC October 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.
Who is behind this loan
- Non-recourse carveout guarantor and sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Sep 2026.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Operating statement
| Annual | At securitization | Latest | Per unit |
|---|---|---|---|
| Revenue | $3.2M | n/a | |
| Operating expenses | $833K | n/a | |
| Net operating income | $2.3M | n/a | |
| Net cash flow | $2.3M | n/a | |
| Expense ratio | 26.4% | n/a |
From the servicer's Schedule AL report; 190 units; renovated 2024.
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.
The last 2 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $22.8M | Current | No | n/a | n/a |
| September 2026 | $22.8M | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-M1 | 10 | $22,750,000 | Oct 2026 | SEC filing, October 29, 2026 |
Other Kansas loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Bluffs | Junction City, KS | Multifamily | $38.0M | 6.22% | Jan 2031 | 1.64x | 95% | Current |
| Kansas City Cabela's | Kansas City, KS | Retail | $15.6M | 3.85% | Jul 2031 | 3.07x | 100% | Not reported |
| Walgreens - Olathe and 5 other properties | Olathe, KS | Retail | $13.4M | 4.20% | Dec 2031 | n/a | n/a | Current |
| FedEx Topeka | Topeka, KS | Industrial | $9.8M | 3.89% | Nov 2031 | 1.95x | 100% | Current |
| Atlas Industrial | Park City, KS | Industrial | $8.6M | 3.85% | Oct 2031 | 3.52x | 100% | Current |
| Grizzly Villas | El Dorado, KS | Multifamily | $5.4M | 7.052% | May 2031 | 1.53x | 89% | Current |
| La Hacienda Apartments | Kansas City, KS | Multifamily | $4.6M | 4.57% | Mar 2031 | 2.06x | 91% | Current |
| Ottawa Kansas MHC Portfolio | KS | Manufactured housing | $2.6M | 4.04% | Jan 2031 | 3.45x | 97% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.