Loan slices
6
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11 FAN PIER BOULEVARD 50 NORTHERN AVE
11 Fan Pier Boulevard 50 Northern Avenue · Boston, MA 02210
Every loan the CMBS tape reports against this building, as each trust filed it. A
building is the grain here, not the loan: this one is collateral in
6 separate trusts,
and the slices below are the pieces of its debt, not four different buildings.
Debt outstanding
$223M
Trusts
6
Type
Mixed Use
Square feet
1,134,479
Year built
2013
Where the filings differ
Each trust describes the building in its own filing, and these are the fields on
which they do not match. Both spellings are printed with the trust that filed each. Often both
are true — a building sits in one municipality and takes its mail in another — and
where one is simply a misspelling, we do not have a basis to say which.
Address
11 Fan Pier Boulevard 50 Northern Avenue — BBCMS Mortgage Trust 2025-5C37; Wells Fargo Commercial Mortgage Trust 2025-5C6; BMO 2025-5C12 Mortgage Trust
11 FAN PIER BOULEVARD AND 50 NORTHERN AVENUE — BANK5 2025-5YR17; Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2; Benchmark 2025-V17 Mortgage Trust
The debt, slice by slice
| Trust | Balance | Rate | Matures | DSCR | NOI | Occupancy | Originator | Servicer | Special servicing |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-5C37 · asset 2 | $70M | 4.94% fixed | 2030-09-01 | — | — | — | Goldman Sachs Bank USA | Trimont | — |
| BANK5 2025-5YR17 · asset 1 | $60M | 4.94% fixed | 2030-09-01 | 1.40 | $40M | 100% | JPMorgan Chase Bank, N.A. | Trimont | — |
| Wells Fargo Commercial Mortgage Trust 2025-5C6 · asset 8 | $32M | 4.94% fixed | 2030-09-01 | — | — | — | JPMorgan Chase Bank, N.A. | Trimont | — |
| Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2 · asset 2 | $30M | 4.94% fixed | 2030-09-01 | 1.40 | $40M | 100% | Morgan Stanley Bank, N.A. | Trimont | — |
| Benchmark 2025-V17 Mortgage Trust · asset 6 | $21M | 4.94% fixed | 2030-09-01 | 1.40 | $40M | 100% | Goldman Sachs Bank USA | Trimont | — |
| BMO 2025-5C12 Mortgage Trust · asset 22 | $10M | 4.94% fixed | 2030-09-01 | — | — | — | Bank of Montreal | Trimont | — |
Named tenants
| Tenant | Square feet | Lease expires |
|---|---|---|
| Vertex Pharmaceuticals Inc. | 1,082,417 | 2044-06-30 |
| Vertex Pharmaceuticals Incorporated | 1,082,417 | 2044-06-30 |
| Bright Horizons Children's Center | 12,665 | 2035-05-31 |
| Bright Horizons Children's Centers LLC | 12,665 | 2035-05-31 |
| Pier 50 LLC | 9,683 | 2035-05-31 |
| 11 Fan Pier Restaurant, LLC (dba Serafina) | 8,747 | 2032-06-30 |
The asset-level exhibit names up to three tenants per
slice; where the trusts name different ones, all of them are listed.
- Built from SEC Regulation AB II asset-level filings (Form ABS-EE, Item 1(a) exhibits) as filed by each trust’s depositor. Latest filing on this building: 2026-10-02.
- Rebuilt nightly. A slice that left its pool is excluded by the tape’s own latest-filing cut, so this page shows live debt only.
- Figures are as each trust filed them and are not restated, reconciled or scored here.
See the whole picture, not just the tape.
These pages publish the CMBS tape in aggregate, and one page for every building on it. The platform goes loan‑by‑loan: stress scores, special‑servicing transfers and the servicer's own filed commentary, the originators and trusts behind each loan, and your own book against all of it.