Metro area
Birmingham CMBS loans
The Birmingham, AL metro has 32 loans in public CMBS trusts with $821.5M outstanding. 14.5% of the balance is with a special servicer and 14.5% is delinquent. 7 loans ($288.6M) mature by the end of 2027.
Maturing by year
| Year | Loans | Balance |
|---|---|---|
| 2026 | 1 | $27.7M |
| 2027 | 6 | $260.9M |
| 2028 | 3 | $37.5M |
| 2029 | 6 | $150.0M |
| 2030 | 5 | $44.9M |
| 2031 | 4 | $95.9M |
By property type
| Type | Loans | Balance | Special servicing |
|---|---|---|---|
| Retail | 15 | $371.1M | 2.4% |
| Self storage | 2 | $123.1M | 0.0% |
| Office | 4 | $105.1M | 75.6% |
| Hotel | 7 | $93.5M | 0.0% |
| Industrial | 1 | $84.6M | 0.0% |
| Multifamily | 2 | $41.4M | 73.4% |
| Manufactured housing | 1 | $2.8M | 0.0% |
Due in the next 12 months
Loans in Birmingham
All 32, largest first.
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Summit Birmingham | Birmingham, AL | Retail | $208.0M | 4.762% | Jan 2027 | 2.10x | 93% | Current |
| Crestwood Boulevard | Irondale, AL | Self storage | $117.0M | 3.628% | Jan 2032 | n/a | n/a | Current |
| Encompass Health Corporation | Birmingham, AL | Industrial | $84.6M | 3.65% | Oct 2029 | n/a | n/a | Current |
| Colonnade Corporate Center | Birmingham, AL | Office | $79.5M | 4.55% | Jul 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 2912 3rd Avenue N | Birmingham, AL | Retail | $32.1M | 4.43% | Jul 2032 | n/a | n/a | Current |
| AL & SC Multifamily Portfolio | Hoover, AL | Multifamily | $30.4M | 7.03% | Nov 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Promenade at Tutwiler Farm | Trussville, AL | Retail | $27.7M | 4.95% | Dec 2026 | 1.84x | 99% | Current |
| Birmingham Marriott | Birmingham, AL | Hotel | $22.7M | 7.102% | Jan 2033 | 2.76x | 58% | Current |
| 2960 John Hawkins Parkway | Birmingham, AL | Hotel | $20.0M | 4.45% | Jul 2028 | n/a | n/a | Current |
| Southbridge Office Park | Birmingham, AL | Office | $16.8M | 4.39% | Apr 2027 | 1.35x | 67% | Current |
| Redmont Hotel Curio | Birmingham, AL | Hotel | $16.2M | 5.291% | Nov 2027 | 1.05x | 65% | Current |
| Patchwork Farms Shopping Center | Birmingham, AL | Retail | $14.8M | 4.516% | Mar 2028 | 2.03x | 100% | Current |
| Wildwood Centre | Homewood, AL | Retail | $12.0M | 3.90% | Nov 2029 | 1.93x | 94% | Current |
| The Grove | Hoover, AL | Retail | $12.0M | 7.05% | Dec 2032 | n/a | n/a | Current |
| Bass Pro - Birmingham | Leeds, AL | Retail | $11.5M | 4.645% | Feb 2030 | 1.51x | 100% | Current |
| Breckenridge Apartments | Birmingham, AL | Multifamily | $11.0M | 6.42% | Mar 2030 | 1.60x | 92% | Current |
| Residence Inn - Hoover AL | Hoover, AL | Hotel | $10.2M | 3.82% | Sep 2029 | 2.54x | 75% | Current |
| Morris Avenue Property | Brimingham, AL | Retail | $8.9M | 4.425% | Mar 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Hilton Garden Inn Birmingham/Lakeshore Drive | Birmingham, AL | Hotel | $8.8M | 7.86% | Dec 2030 | 1.65x | 72% | Current |
| Holiday Inn Express, Pell City | Pell City, AL | Hotel | $8.6M | 4.57% | Apr 2029 | n/a | n/a | Current |
| The Shoppes At Letson Farms | Bessemer, AL | Retail | $7.8M | 5.40% | Jan 2027 | n/a | n/a | Current |
| Homewood Commons | Birmingham, AL | Retail | $7.7M | 4.558% | Dec 2027 | 1.78x | 76% | Current |
| Pell City Shopping Center | Pell City, AL | Retail | $7.6M | 3.99% | Jan 2030 | 1.96x | 100% | Current |
| Publix South Park Center | Pell City, AL | Retail | $7.3M | 6.805% | Nov 2035 | n/a | n/a | Current |
| Hampton Inn & Suites Birmingham | Birmingham, AL | Hotel | $7.1M | 6.71% | Jul 2032 | 2.05x | 62% | Current |
| Hillcrest Shopping Center | Birmingham, AL | Retail | $6.5M | 6.012% | Dec 2035 | 2.18x | 100% | Current |
| The Storage Place Portfolio | AL | Self storage | $6.1M | 6.56% | Oct 2030 | 1.48x | 90% | Current |
| Inverness Dental & Medical Plaza | Hoover, AL | Office | $4.6M | 3.999% | Apr 2031 | 2.60x | 100% | Current |
| Center Point Shopping Center | Birmingham, AL | Retail | $4.4M | 4.52% | Oct 2027 | 1.96x | 93% | Current |
| Beacon Center Office Park | Birmingham, AL | Office | $4.2M | 4.05% | Oct 2029 | 2.04x | 79% | Current |
| Cvs Moody | Moody, AL | Retail | $2.9M | 3.20% | Oct 2031 | 1.94x | 100% | Current |
| Cahaba Mobile Estates | Trussville, AL | Manufactured housing | $2.8M | 5.38% | Oct 2028 | 3.06x | 97% | Current |
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