Industrial · Paris, Tennessee
459 Culley Drive
459 Culley Drive is financed with a $4.9M CMBS loan at 3.95% that reaches maturity on November 6, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,866,122
- Original balance (same notes)
- $5,125,000
- Interest rate
- 3.95% fixed
- Originated
- October 27, 2021
- Maturity
- November 6, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Barclays
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 459 Culley Drive, Paris, TN 38242
- Rentable area
- 60,890 sq ft
- Built
- 2016
- Largest tenants
- MC Produce LLC
- Value at securitization
- $7.8M (Sep 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.89x |
| Occupancy | 100% | 100% |
| Net operating income | n/a | $551K |
| Debt yield | 11.3% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BBCMS Mortgage Trust 2021-C12 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- The filing gives Nov 2028 as the lease end date for the largest tenant (MC Produce LLC), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.9M | Not reported | No | 1.89x | 100% |
| August 2026 | $4.9M | Not reported | No | 1.89x | 100% |
| July 2026 | $4.9M | Not reported | No | 1.88x | 100% |
| June 2026 | $4.9M | Not reported | No | 1.88x | 100% |
| May 2026 | $4.9M | Not reported | No | 1.88x | 100% |
| April 2026 | $4.9M | Not reported | No | 1.88x | 100% |
| March 2026 | $4.9M | Not reported | No | 1.88x | 100% |
| February 2026 | $4.9M | Not reported | No | 1.86x | 100% |
| January 2026 | $4.9M | Not reported | No | 1.86x | 100% |
| December 2025 | $4.9M | Not reported | No | 1.86x | 100% |
| November 2025 | $4.9M | Not reported | No | 1.86x | 100% |
| October 2025 | $5.0M | Not reported | No | 1.86x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2021-C12 | 56 | $4,866,122 | Sep 2026 | SEC filing, September 29, 2026 |
Other Tennessee loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 4500 Academy Road Distribution Center | Cookeville, TN | Industrial | $72.0M | 3.533% | Jun 2031 | n/a | n/a | Current |
| 5000 East Raines Road | Memphis, TN | Industrial | $58.5M | 3.24% | Dec 2031 | n/a | n/a | Current |
| Gestamp Automocion | Chattanooga, TN | Industrial | $49.1M | 3.61% | Mar 2031 | 2.64x | 100% | Current |
| The Dutton | Murfreesboro, TN | Multifamily | $47.5M | 5.92% | Apr 2031 | n/a | n/a | Current |
| Novonix | Chattanooga, TN | Industrial | $26.3M | 4.09% | Aug 2031 | 1.46x | 100% | Current |
| Hamilton Place | Chattanooga, TN | Retail | $24.9M | 6.847% | Jun 2031 | n/a | n/a | Current |
| Oak Ridge Technical Center | Oak Ridge, TN | Office | $24.5M | 3.804% | Nov 2031 | n/a | n/a | Current |
| 501 Great Circle | Nashville, TN | Office | $21.3M | 3.86% | Nov 2031 | 1.64x | 57% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.