Office · Buffalo, New York
Waterfront Village
Waterfront Village is financed with a $7.0M CMBS loan at 4.872% that reaches maturity on April 1, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,001,351
- Original balance (same notes)
- $8,200,000
- Interest rate
- 4.872% fixed
- Originated
- March 9, 2018
- Maturity
- April 1, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- December 31, 2027
- Master servicer
- Newmark Realty Capital, Inc.
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 50-60 Lakefront Boulevard, Buffalo, NY 14202
- Metro
- Buffalo-Cheektowaga, NY
- Rentable area
- 132,162 sq ft
- Built
- 1981, renovated 2014
- Largest tenants
- Travelers Insurance; M/E Engineering; Lu Engineers
- Value at securitization
- $13.0M (Feb 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.30x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $1.2M | n/a |
Watch flags
Computed from the COMM 2018-COR3 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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 Mar 2028 as the lease end date for the largest tenant (Travelers Insurance), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.0M | Current | No | n/a | n/a |
| August 2026 | $7.0M | Current | No | n/a | n/a |
| July 2026 | $7.0M | Current | No | n/a | n/a |
| June 2026 | $7.0M | Current | No | n/a | n/a |
| May 2026 | $7.1M | Current | No | n/a | n/a |
| April 2026 | $7.1M | Current | No | 2.09x | 88% |
| March 2026 | $7.1M | Current | No | 2.09x | 88% |
| February 2026 | $7.1M | Current | No | 2.09x | 88% |
| January 2026 | $7.1M | Current | No | 2.09x | 88% |
| December 2025 | $7.1M | Current | No | n/a | n/a |
| November 2025 | $7.1M | Current | No | n/a | n/a |
| October 2025 | $7.2M | 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 |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 34 | $7,001,351 | Sep 2026 | SEC filing, September 25, 2026 |
Other Buffalo-Cheektowaga loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| BJ's Plaza & McKinley Milestrip Center | Buffalo, NY | Retail | $42.5M | 7.95% | Nov 2028 | 1.34x | 89% | Current |
| Villages of Mission Hills - Phase II | Hamburg, NY | Multifamily | $7.6M | 5.49% | Jun 2028 | 1.39x | 98% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.