Comcast Cable Communications Management LLC, the largest tenant at the property securing the $334.9 million 1407 Broadway loan (BBCMS 2019-BWAY), plans to relocate to 1540 Broadway as part of a consolidation. The tenant occupies 104,048 sf (9% of GLA) under a lease that expires in December 2028 with no termination options. The collateral is a 43-story, 1.1 million sf office and retail property in Midtown Manhattan that was 83% occupied as of June 2026.

The $13.8 million 1-3 West 125th Street loan (BANK5 2024-5YR11) became 30 days delinquent in August 2026, its first delinquency since issuance. The loan is secured by a 30,955 sf mixed-use office and retail property in Harlem, New York. Financials for the year ended December 2025 reported NCF that was down 17% from issuance, yielding a near-breakeven DSCR of 1.03. Vanderbilt Home Products (39% of GLA) vacated and discontinued operations at the property, triggering a lease sweep and activation of the loan’s lockbox, although the borrower indicated that the tenant, whose lease does not expire until March 2035, has subleased its space and remains current on its obligations.

The collateral securing the $34 million 811 Wilshire loan (COMM 2014-UBS6) is the subject of a proposed acquisition by the Los Angeles Community College District, which filed a Notice of Exemption related to the transaction in August 2026. The 336,190 sf, Los Angeles, California office building was 34% occupied as of March 2026. The loan failed to pay off at its November 2024 maturity and was subsequently transferred to special servicing. The property was previously under contract for sale in 2025, but the transaction was terminated. The most recent appraisal dated June 2026 valued the collateral at $40.5 million ($120/sf), down 40% from the issuance appraisal.

The REO asset, South Pointe Apartments (SGCMS 2016-C5), has been listed for sale by Berkadia. The 372-unit, garden-style multifamily property in Dallas, Texas was 22% occupied as of July 2026 and formerly secured a $21.9 million loan. The trust acquired the property with a $17.0 million credit bid at a February 2026 foreclosure auction after the loan failed to pay off at its December 2025 maturity. A January 2026 appraisal valued the property at $19.0 million ($51,075/unit) and a $5.4 million appraisal reduction amount (ARA) was subsequently assessed.

PC Connection renewed its 282,819 sf lease (70% of GLA) at Wilmington Ohio Industrial Park (BANK 2021-BN38) for seven years, according to the firm’s March 2026 10-Q. The lease, previously scheduled to expire in August 2026, was extended through August 2033, beyond the $11.5 million loan’s December 2031 maturity, and includes two five-year extension options and a $500,000 tenant improvement allowance. Dealertrack Inc. (30%), the collateral’s only other tenant, also had an August 2026 lease expiration. Servicer commentary indicates the borrower executed a lease amendment with Dealertrack, although the revised lease terms were not disclosed.

The $51.2 million Park Greene Apartments loan (FREMF 2021-KSG2) transferred to special servicing in August 2026 due to imminent monetary default. The loan is secured by a 349- unit garden-style multifamily property in Suitland, Maryland. Occupancy declined to 86% as of March 2026 from 94% as of December 2024, while year-end 2025 NCF of $2.2 million was 33% below the $3.3 million underwritten at issuance. Separately, a March 2025 fire damaged 22 units, which the borrower reported were expected to be rehabbed and ready for inspection by the end of June 2026.

The $42.8 million Capital Crossing Apartments loan (FREMF 2019-KF73) transferred to special servicing during the August 2026 remittance due to imminent monetary default. The loan is secured by a 359-unit multifamily property in Suitland, Maryland. KCP has identified the loan as a K-LOC since July 2023 due to declining collateral performance. Year-end 2025 NCF of $1.8 million resulted in a below-breakeven DSCR of 0.95, while occupancy was 87% as of December 2025. The special servicer is reviewing the loan to determine potential workout strategies.

The $21.4 million Seabreeze Apartments loan (FREMF 2016-K59) failed to pay off at its August 2026 maturity and was reported as matured non-performing. The loan is secured by a 184-unit garden-style apartment complex in Vallejo, California. August 2026 watchlist commentary indicated that the borrower requested a maturity deferral, which remains pending approval. Property performance weakened in 2025, with DSCR declining to 1.16 from 1.57 in 2024. However, DSCR rebounded to 1.94 for the first quarter of 2026, while occupancy was 93%.

August reporting brought another round of multifamily valuation pressure, with appraisal cuts across four Freddie Mac loans totaling $123.9 million: Boulder Crossroads Apartments ($49.3 million; FREMF 2024-K522), down 50% from issuance; Clark Building ($31.7 million; FREMF 2016-K56), down 19%; Villas of Ocean Drive ($26.7 million; FREMF 2025-K536), down 15%; and Carolina Creek ($16.3 million; FREMF 2024-K515), down 40%. All four loans are in special servicing, with the properties facing varying degrees of occupancy, performance, maturity, and workout pressure.

KeyBank signed a 15-year renewal and expansion at the property securing the $900 million 1301 Avenue of the Americas loan (AOA 2025-1301), increasing its footprint by 15,292 sf to 112,924 sf (6% of GLA). The collateral is a 1.8 million sf class-A office tower in Midtown Manhattan that was 88% occupied as of March 2026. The KeyBank expansion follows significant leasing activity at the property, with more than 967,000 sf leased since 2022. At issuance, the borrower had $119.2 million of lease-related obligations, $102.9 million of which was funded upfront.