Industrial · Skaneateles, New York
WayGate Technologies
WayGate Technologies is financed with a $7.3M CMBS loan at 4.331% that reaches maturity on June 6, 2032, in 5 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,315,000
- Original balance (same notes)
- $7,315,000
- Interest rate
- 4.331% fixed
- Originated
- May 27, 2022
- Maturity
- June 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2032
- Master servicer
- Midland
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 721 Visions Drive, Skaneateles, NY 13152
- Metro
- Syracuse, NY
- Rentable area
- 73,820 sq ft
- Built
- 2007
- Largest tenants
- Waygate Technologies USA, LP, a Delaware limited partnership
- Value at securitization
- $13.3M (Apr 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.27x | 2.28x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $729K | $1.5M |
| Debt yield | 20.2% |
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 BMO 2022-C2 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- Net operating income is 102% above the underwritten figure ($1.5M a year against $729K; the latest statement covers 6 months, annualized).
- The filing gives Jun 2031 as the lease end date for the largest tenant (Waygate Technologies USA, LP, a Delaware limited partnership), 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 | $7.3M | Current | No | 2.28x | 100% |
| August 2026 | $7.3M | Current | No | n/a | n/a |
| July 2026 | $7.3M | Current | No | n/a | n/a |
| June 2026 | $7.3M | Current | No | n/a | n/a |
| May 2026 | $7.3M | Current | No | n/a | n/a |
| April 2026 | $7.3M | Current | No | 2.28x | 100% |
| March 2026 | $7.3M | Current | No | 2.28x | 100% |
| February 2026 | $7.3M | Current | No | 2.23x | 100% |
| January 2026 | $7.3M | Current | No | 2.23x | 100% |
| December 2025 | $7.3M | Current | No | 2.23x | 100% |
| November 2025 | $7.3M | Current | No | 2.23x | 100% |
| October 2025 | $7.3M | Current | No | 2.27x | 100% |
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 |
|---|---|---|---|---|
| BMO 2022-C2 Mortgage Trust | 29 | $7,315,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Syracuse loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Salina Meadows Office Park | Syracuse, NY | Office | $25.0M | 5.02% | Mar 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
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.