Tenant exposure
State of New Jersey in CMBS
The trusts' filings name State of New Jersey among the three largest tenants at properties securing 3 public CMBS loans with $30.2M outstanding. It is the largest tenant at 2 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 438 Summit Avenue | Jersey City, NJ | Office | $15.5M | 4.535% | Oct 2028 | 4.50x | 100% | Current |
| Alexander Hamilton Plaza | Paterson, NJ | Office | $9.3M | 5.10% | Jun 2027 | 2.03x | 93% | Current |
| 1800-1836 W Lake Avenue | Neptune, NJ | Office | $5.3M | 4.793% | Dec 2027 | 2.43x | 97% | Current |
Where State of New Jersey is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| 438 Summit Avenue | Nov 2027 | Oct 2028 | $15.5M |
| Alexander Hamilton Plaza | Sep 2028 | Jun 2027 | $9.3M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: State of New Jersey. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.