The cmbs.news watch list
1,006 loans with $26.8B outstanding are on it this month: with a special servicer, 30 or more days delinquent or past maturity unpaid, or reporting debt service coverage under 1.00x. 82 joined in their trust's latest monthly report. This is cmbs.news's own screen on each loan's latest SEC filing, not the servicers' watchlist, which is not filed with the SEC.
Every flag, and how many loans carry it
| Flag | Loans |
|---|---|
| With the special servicer | 535 |
| 30+ days delinquent or matured unpaid | 438 |
| Coverage below 1.00x | 554 |
| Coverage down 0.25x or more from securitization | 1,920 |
| Occupancy down 10 points or more from securitization | 1,252 |
| NOI down 20% or more from securitization | 1,246 |
| Matures within 12 months | 1,287 |
| Past maturity | 96 |
| Largest tenant's lease ends within 12 months | 541 |
| Modified | 502 |
| Servicer stopped advancing | 59 |
Only the first three put a loan on the watch list; the rest are shown on each loan's page as context. Definitions.
On the watch list
The 120 largest of 1,006. The CSV has every one.
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| Starwood Hotel Portfolio | Hotel | $265.0M | 5.15% | Sep 2028 | 0.93x | 63% | With the special servicer | |
| Parkmerced | San Francisco, CA | Multifamily | $260.0M | 2.725% | Dec 2024 | n/a | n/a | Past maturity and not performing |
| Lafayette Centre | Washington, DC | Office | $243.0M | 4.246% | Mar 2027 | n/a | n/a | With the special servicer |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.693% | Jun 2027 | 2.28x | 62% | With the special servicer |
| 79 Fifth Avenue | New York, NY | Office | $240.0M | 4.92% | May 2032 | 0.93x | 99% | Current |
| 225 & 233 Park Avenue South | New York, NY | Office | $235.0M | 3.651% | Jun 2027 | -0.14x | 29% | Current |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| Saint Louis Galleria | Saint Louis, MO | Retail | $229.0M | 4.997% | Nov 2028 | n/a | n/a | With the special servicer |
| Fresno Fashion Fair Mall | Fresno, CA | Retail | $225.0M | 3.587% | Nov 2026 | 2.16x | 96% | With the special servicer and 30-59 days delinquent |
| Piazza Alta | Philadelphia, PA | Multifamily | $185.9M | 4.676% | Oct 2028 | 0.83x | 88% | Current |
| 3 Park Avenue | New York, NY | Office | $182.0M | 4.75% | Dec 2028 | 0.61x | 47% | Current |
| 1812 North Moore | Arlington, VA | Office | $172.7M | 7.53% | May 2029 | 0.96x | 99% | Late, less than 30 days |
| First Stamford Place | Stamford, CT | Office | $164.0M | 4.088% | Jul 2027 | 1.96x | 80% | With the special servicer |
| 685 Fifth Avenue Retail | New York, NY | Retail | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| Park Square | Boston, MA | Office | $160.0M | 4.146% | Nov 2027 | 0.57x | 40% | With the special servicer and 90+ days delinquent |
| U.S. Steel Tower | Pittsburgh, PA | Office | $160.0M | 3.683% | Jun 2026 | n/a | n/a | Past maturity and not performing |
| One Memorial Drive | Cambridge, MA | Office | $158.2M | 2.692% | Oct 2031 | 0.92x | 42% | Current |
| Key Center Cleveland | Cleveland, OH | Mixed use | $157.3M | 5.31% | Feb 2027 | 1.84x | 89% | With the special servicer |
| 1100 First Street NE | Washington, DC | Office | $146.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| 225 Bush Street | San Francisco, CA | Office | $138.6M | 3.303% | Nov 2024 | n/a | n/a | Past maturity and not performing |
| GSK R&D Centre | Rockville, MD | Office | $138.0M | 3.945% | Jan 2027 | 7.84x | 100% | With the special servicer |
| Aon Center | Chicago, IL | Office | $136.0M | 4.627% | Jul 2026 | 4.11x | 66% | Past maturity and not performing |
| 4th & Battery | Seattle, WA | Office | $135.0M | 4.378% | Jun 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 681 Fifth Avenue | New York, NY | Mixed use | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| Grand Hyatt Seattle | Seattle, WA | Hotel | $133.0M | 4.74% | Jun 2027 | -0.24x | 66% | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 90 Hudson | Jersey City, NJ | Office | $130.0M | 4.14% | Nov 2027 | 0.31x | 38% | With the special servicer and 90+ days delinquent |
| Riverfront Plaza | Richmond, VA | Office | $129.2M | 5.066% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 1000 Wilshire | Los Angeles, CA | Office | $128.4M | 3.377% | Mar 2025 | 2.98x | 65% | With the special servicer |
| Renaissance Seattle Hotel | Seattle, WA | Hotel | $127.0M | 4.81% | Jun 2027 | 0.41x | 66% | Current |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| 188 Spear Street | San Francisco, CA | Office | $125.0M | 3.57% | Jun 2029 | 3.57x | 97% | With the special servicer |
| 250 Livingston Street | Brooklyn, NY | Office | $125.0M | 3.63% | Jun 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 111 Livingston Street | Brooklyn, NY | Office | $120.0M | 4.73% | Jan 2027 | n/a | n/a | With the special servicer |
| 200 West 57th Street | New York, NY | Office | $115.0M | 3.52% | Jan 2030 | 0.64x | 85% | Current |
| Riverway | Rosemont, IL | Office | $114.6M | 4.96% | Dec 2026 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 16 Court Street | Brooklyn, NY | Office | $111.0M | 4.171% | Nov 2027 | 1.25x | 70% | With the special servicer and 90+ days delinquent |
| Starburst Apartments | Austin, TX | Multifamily | $110.0M | 7.37% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 1350 West Middlefield Road | Mountain View, CA | Mixed use | $109.2M | 4.30% | Jun 2024 | n/a | n/a | With the special servicer |
| The Colonnade Office Complex | Addison, TX | Office | $105.0M | 4.568% | Feb 2024 | n/a | n/a | Past maturity and not performing |
| 90 Fifth Avenue | New York, NY | Mixed use | $104.5M | 4.307% | Jul 2027 | 0.17x | 3% | With the special servicer and 90+ days delinquent |
| D.C. Office Portfolio | DC | Office | $103.0M | 4.758% | Mar 2027 | 0.97x | 61% | With the special servicer |
| 8 Times Square & 1460 Broadway | New York, NY | Mixed use | $100.0M | 4.05% | Nov 2026 | 2.01x | 100% | With the special servicer |
| 85 Tenth Avenue | New York, NY | Mixed use | $100.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| The Motto | Bronx, NY | Multifamily | $96.0M | 5.54% | Aug 2030 | 0.93x | 93% | Current |
| InterContinental San Francisco | San Francisco, CA | Hotel | $91.4M | 4.145% | Jan 2028 | 0.54x | 65% | Current |
| City Square and Clay Street | Oakland, CA | Mixed use | $90.0M | 4.728% | Feb 2028 | 0.81x | 54% | Current |
| 1384 Broadway | New York, NY | Office | $88.0M | 4.84% | Jan 2027 | 0.97x | 78% | With the special servicer |
| Holiday Inn Fidi | New York, NY | Hotel | $87.0M | 5.12% | Oct 2028 | -0.08x | 38% | Late, less than 30 days |
| North Point Tower | Cleveland Hts, OH | Office | $86.4M | 3.30% | Sep 2024 | n/a | n/a | With the special servicer |
| Westbrook Corporate Center | Westchester, IL | Office | $86.4M | 4.86% | Jun 2028 | 1.30x | 68% | With the special servicer and 90+ days delinquent |
| 1166 Avenue of the Americas | New York, NY | Office | $85.0M | 5.279% | Feb 2027 | -0.25x | 36% | With the special servicer and 90+ days delinquent |
| 497-505 Fulton Street | Brooklyn, NY | Retail | $85.0M | 3.53% | Jul 2029 | 0.75x | 39% | Current |
| Continental Towers | Rolling Meadows, IL | Office | $84.5M | 4.75% | Sep 2028 | 0.31x | 53% | With the special servicer and 90+ days delinquent |
| 181 West Madison Street | Chicago, IL | Office | $84.4M | 3.90% | Dec 2026 | n/a | n/a | With the special servicer |
| The Muse | Dallas, TX | Multifamily | $81.6M | 7.364% | Oct 2033 | n/a | n/a | With the special servicer |
| One Grove | Jersey City, NJ | Multifamily | $81.0M | 5.99% | Jul 2030 | 0.84x | 83% | Current |
| 6625 78th Street West | Bloomington, MN | Office | $80.0M | 5.372% | Jul 2025 | 1.39x | 72% | Past maturity and not performing |
| Center West | Los Angeles, CA | Office | $80.0M | 4.435% | Dec 2026 | 0.78x | 35% | Current |
| Central Park of Lisle | Lisle, IL | Office | $79.5M | 4.354% | Jan 2023 | 2.65x | 58% | Past maturity and not performing |
| Colonnade Corporate Center | Birmingham, AL | Office | $79.5M | 4.55% | Jul 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| JW Marriott Chicago | Chicago, IL | Hotel | $79.3M | 4.044% | Aug 2022 | 1.32x | 71% | With the special servicer |
| 315-325 W 36th Street | New York, NY | Office | $77.0M | 4.505% | Mar 2028 | -0.74x | 2% | With the special servicer and 90+ days delinquent |
| Exchange On Erwin | Durham, NC | Mixed use | $75.5M | 3.421% | Dec 2029 | 0.99x | n/a | Current |
| The Westin Book Cadillac | Detroit, MI | Hotel | $75.0M | 4.39% | Feb 2030 | 0.83x | 63% | Current |
| 599 Broadway | New York, NY | Retail | $75.0M | 4.118% | Feb 2028 | 2.31x | 100% | With the special servicer and 90+ days delinquent |
| Bravern Office Commons | Bellevue, WA | Office | $75.0M | 3.203% | Jan 2027 | 3.54x | 100% | With the special servicer and 90+ days delinquent |
| 214-224 West 29th Street | New York, NY | Office | $74.0M | 4.233% | Jul 2029 | -0.92x | 5% | With the special servicer and 90+ days delinquent |
| Doubletree New Orleans | New Orleans, LA | Hotel | $74.0M | 3.833% | Dec 2029 | 0.99x | 65% | Current |
| Ventana Residences | San Francisco, CA | Multifamily | $73.5M | 6.166% | Feb 2035 | 0.94x | 96% | Current |
| Tryad Industrial & Business Center | Rochester, NY | Industrial | $73.3M | 5.021% | Jan 2028 | -0.03x | 53% | With the special servicer and 90+ days delinquent |
| Regions Tower | Indianapolis, IN | Office | $73.0M | 4.897% | Oct 2023 | n/a | n/a | Past maturity and not performing |
| 55 Prospect Street, Brooklyn (2026 maturity) | Brooklyn, NY | Office | $72.9M | 4.05% | Sep 2026 | n/a | n/a | With the special servicer |
| Meridian Corporate Center | NC | Office | $71.8M | 4.575% | Apr 2028 | 1.37x | 67% | With the special servicer |
| Braddock Metro Center | Alexandria, VA | Office | $71.6M | 4.57% | Feb 2028 | 1.01x | 81% | With the special servicer and 90+ days delinquent |
| Warwick New York | New York, NY | Hotel | $70.5M | 7.42% | Nov 2028 | 0.85x | 82% | Current |
| 935 Madison Avenue | New York, NY | Retail | $70.0M | 4.617% | Feb 2027 | 0.97x | 59% | Current |
| Hilton Cincinnati Netherland Plaza | Cincinnati, OH | Hotel | $69.4M | 5.35% | Nov 2024 | n/a | n/a | Past maturity and not performing |
| University Square, Princeton | Princeton, NJ | Office | $69.2M | 3.80% | Jul 2029 | 0.20x | 62% | Current |
| 26 Broadway | New York, NY | Office | $67.8M | 4.91% | Feb 2032 | n/a | n/a | With the special servicer and 60-89 days delinquent |
| 29903 Agoura Property | Agoura, CA | Office | $67.2M | 4.193% | Feb 2030 | n/a | n/a | With the special servicer and 90+ days delinquent |
| One Stockton | San Francisco, CA | Retail | $66.0M | 4.04% | Dec 2029 | -0.37x | 100% | Current |
| 260 & 270 Peachtree Street | Atlanta, GA | Office | $65.2M | 3.80% | Mar 2030 | n/a | n/a | With the special servicer and 90+ days delinquent |
| APX Morristown | Morristown, NJ | Office | $65.1M | 3.69% | Sep 2029 | 0.37x | 63% | Current |
| 13785 Research Boulevard | Austin, TX | Office | $65.0M | 5.215% | Mar 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Unizo Four for 1100 First Street | Washington, DC | Office | $65.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 20 Times Square, New York (2026 maturity), loan 1 in CSAIL 2018-CX12 Commercial Mortgage Trust | New York, NY | Other | $64.7M | 3.108% | May 2026 | 4.15x | n/a | With the special servicer |
| 20 Times Square, New York (2026 maturity), loan 1 in UBS Commercial Mortgage Trust 2018-C11 | New York, NY | Mixed use | $64.7M | 3.108% | May 2026 | n/a | n/a | With the special servicer |
| Ellsworth Place | Silver Spring, MD | Retail | $64.5M | 5.01% | Aug 2028 | 1.31x | 91% | With the special servicer and 90+ days delinquent |
| DUMBO Heights Portfolio | NY | Office | $63.8M | 4.05% | Sep 2026 | 2.95x | 75% | Past maturity and not performing |
| Central Tower | San Francisco, CA | Office | $63.7M | 4.06% | May 2029 | 1.11x | 34% | With the special servicer and 90+ days delinquent |
| Falls Houston Multifamily Portfolio | Houston, TX | Multifamily | $63.3M | 6.944% | Jul 2029 | 1.38x | 89% | With the special servicer and 90+ days delinquent |
| 200 Park Avenue | Florham Park, NJ | Office | $62.5M | 5.082% | Feb 2028 | n/a | n/a | With the special servicer |
| 350 Rhode Island South | San Francisco, CA | Office | $62.5M | 4.143% | Mar 2029 | 0.56x | 70% | Current |
| 6420 Wilshire | Los Angeles, CA | Office | $62.0M | 4.276% | Jan 2028 | 0.93x | 72% | Current |
| Travelodge - 2307 Wyoming Avenue | Gillette, WY | Other | $61.6M | 4.85% | Dec 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 55 Hawthorne | San Francisco, CA | Office | $61.5M | 4.123% | Jan 2027 | -0.77x | 24% | With the special servicer and 90+ days delinquent |
| Estates at Palm Bay | Fort Walton Beach, FL | Multifamily | $60.7M | 6.55% | Sep 2029 | 1.24x | 92% | With the special servicer and 90+ days delinquent |
| Bank of America Center, Richmond | Richmond, VA | Office | $60.5M | 5.03% | Jul 2028 | 1.77x | 79% | With the special servicer |
| Industry RiNo Station | Denver, CO | Office | $60.0M | 5.205% | Apr 2032 | 0.50x | 50% | With the special servicer and 90+ days delinquent |
| Presidential City | Philadelphia, PA | Multifamily | $60.0M | 3.498% | Sep 2029 | 0.91x | 92% | Current |
| Saks Fulfillment Center | Wilkes Barre, PA | Industrial | $60.0M | 6.17% | Aug 2032 | 1.79x | 100% | With the special servicer and 90+ days delinquent |
| Waterford Grove Apartments | Houston, TX | Multifamily | $60.0M | 6.567% | Mar 2030 | 0.88x | 71% | Delinquent |
| Writer Square | Denver, CO | Mixed use | $59.6M | 5.099% | Jan 2027 | 0.23x | 36% | With the special servicer |
| Louisa Apartments | Portland, OR | Multifamily | $58.4M | 5.073% | Oct 2029 | 0.96x | 93% | Current |
| Seven Hills Plaza Property | Aurora, CO | Mixed use | $57.9M | 3.67% | Mar 2030 | n/a | n/a | With the special servicer |
| 300 Four Falls | Conshohocken, PA | Office | $57.6M | 6.846% | Jan 2031 | 0.96x | 89% | Current |
| Dominion Tower | Norfolk, VA | Office | $57.2M | 5.29% | Jan 2029 | 1.49x | 65% | With the special servicer |
| The Elston Retail Collection | Chicago, IL | Retail | $57.1M | 3.65% | Nov 2029 | 1.40x | 100% | With the special servicer |
| 1099 New York Avenue | Washington, DC | Office | $57.0M | 6.797% | Apr 2029 | 0.78x | 93% | Current |
| 1000 Denny Way | Seattle, WA | Office | $56.0M | 5.107% | Feb 2027 | 1.69x | 57% | With the special servicer |
| Brass Professional Center | San Antonio, TX | Office | $56.0M | 4.75% | Aug 2030 | 0.78x | 48% | With the special servicer and 90+ days delinquent |
| 57 East 11th Street | New York, NY | Office | $55.0M | 4.83% | May 2029 | -0.38x | n/a | With the special servicer and 60-89 days delinquent |
| Langdon at Walnut Park | Austin, TX | Multifamily | $55.0M | 6.257% | Sep 2029 | 0.84x | 91% | Current |
| 2 Executive | Fort Lee, NJ | Mixed use | $54.5M | 6.219% | Apr 2033 | n/a | 93% | With the special servicer and 90+ days delinquent |
| Embassy Suites Washington Square | Tigard, OR | Hotel | $54.2M | 5.304% | Feb 2029 | 0.10x | 48% | Current |
| 1140 Avenue of the Americas | New York, NY | Office | $54.0M | 4.109% | Jul 2026 | -0.90x | 74% | Past maturity and not performing |
| 12655 West Jefferson Blvd | Playa Vista, CA | Office | $54.0M | 3.925% | Oct 2029 | n/a | n/a | With the special servicer |
| Rockridge Apartments | Houston, TX | Multifamily | $54.0M | 8.00% | Nov 2028 | 0.44x | 25% | With the special servicer and 90+ days delinquent |
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Your loan on the list?
A loan comes off when it is paid off or refinanced, returns to the master servicer, or covers its debt service again. Send it to Janover Capital to talk through a refinance.