Retail · West Hartford, Connecticut
Westfarms
Public CMBS trusts hold $242.0M of the loan on Westfarms at 7.795% that reaches maturity on September 6, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $242,000,000
- Original balance (same notes)
- $242,000,000
- Interest rate
- 7.795%
- Originated
- August 31, 2023
- Maturity
- September 6, 2028
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- GSBI, WFBNA
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1500 New Britain Avenue, West Hartford, CT 06110
- Rentable area
- 501,990 sq ft
- Built
- 1974, renovated 2013
- Largest tenants
- Barnes & Noble; HM; Pottery Barn
- Value at securitization
- $547.8M (Jul 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.95x |
| Occupancy | 96% | 92% |
| Net operating income (annualized from 6 months) | n/a | $37.5M |
| Debt yield | 15.5% |
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 MSWF Commercial Mortgage Trust 2023-2 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
- Occupancy has fallen from 96% when the loan was securitized to 92%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $242.0M | Current | No | 1.51x | 97% |
| August 2026 | $242.0M | Current | No | 1.51x | 97% |
| July 2026 | $242.0M | Current | No | 1.51x | 97% |
| June 2026 | $242.0M | Current | No | 1.51x | 97% |
| May 2026 | $242.0M | Current | No | 1.51x | 97% |
| April 2026 | $242.0M | Current | No | 1.46x | 97% |
| March 2026 | $242.0M | Current | No | 1.46x | 97% |
| February 2026 | $242.0M | Current | No | 1.46x | 97% |
| January 2026 | $242.0M | Current | No | 1.46x | 97% |
| December 2025 | $242.0M | Current | No | 1.44x | 93% |
| November 2025 | $242.0M | Current | No | 1.44x | 93% |
| October 2025 | $242.0M | Current | No | 1.44x | 93% |
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
The loan is split into 8 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-5C23 | 4 | $56,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 2023-5YR4 | 1 | $50,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 2023-5YR3 | 4 | $45,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2023-5C2 Mortgage Trust | 2-A-1 | $40,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK5 2023-5YR4 | 1A | $24,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2023-5C2 Mortgage Trust | 2-A-3 | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2023-5C2 Mortgage Trust | 2-A-7 | $5,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| MSWF Commercial Mortgage Trust 2023-2 | 46 | $2,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Connecticut loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Brookview Commons | Danbury, CT | Multifamily | $58.0M | 6.00% | Jun 2028 | 1.18x | 98% | Current |
| Bedford Square | Westport, CT | Mixed use | $48.0M | 5.452% | Dec 2028 | 1.84x | 93% | Current |
| Danbury Commerce Portfolio | CT | Industrial | $38.0M | 5.725% | Nov 2028 | 1.59x | 99% | Current |
| 710 Bridgeport | Shelton, CT | Industrial | $35.6M | 5.05% | Nov 2028 | 1.15x | 72% | Current |
| 330 Railroad Avenue | Greenwich, CT | Office | $16.0M | 4.938% | Jul 2028 | 2.22x | 100% | Current |
| One Hamden Center | Hamden, CT | Office | $13.5M | 5.08% | Sep 2028 | 1.17x | 99% | Current |
| One Sound Shore Drive | Greenwich, CT | Office | $12.9M | 5.14% | Dec 2028 | n/a | n/a | Current |
| 45 East Putnam Avenue | Greenwich, CT | Mixed use | $11.4M | 4.45% | Jun 2028 | 1.52x | 96% | 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.