Multifamily portfolio, 13 properties · Boston, Massachusetts
972-974 Saratoga Street
This portfolio is financed with a $14.0M CMBS loan at 4.056% that reaches maturity on October 6, 2031, in 4 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,000,000
- Original balance (same notes)
- $2,738,309
- Interest rate
- 4.056% fixed
- Originated
- October 1, 2021
- Maturity
- October 6, 2031
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 972-974 Saratoga Street, Boston, MA 02128
- Metro
- Boston-Cambridge-Newton, MA-NH
- Value at securitization
- $22.2M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $911K |
| Debt yield | 6.5% |
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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 972-974 Saratoga Street | Boston, MA | Multifamily | 83% | 1.58x |
| 149-151 Princeton Street | Boston, MA | Multifamily | 100% | n/a |
| 195 Maverick Street | Boston, MA | Multifamily | 100% | n/a |
| 126-128 London Street | Boston, MA | Multifamily | 67% | n/a |
| 16.5 Bremen Street | Boston, MA | Multifamily | 75% | n/a |
| 26 Chelsea Street | Boston, MA | Multifamily | 100% | n/a |
| 43 Cottage Street | Boston, MA | Multifamily | 100% | n/a |
| 8 Cheever Court | Boston, MA | Multifamily | 67% | n/a |
| 44 Morris Street | Boston, MA | Multifamily | 100% | n/a |
| 127 Eutaw Street | Boston, MA | Multifamily | 67% | n/a |
| 331 Paris Street | Boston, MA | Multifamily | 100% | n/a |
| 259 Border Street | Boston, MA | Multifamily | 100% | n/a |
| 329 Sumner Street | Boston, MA | Multifamily | 100% | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.0M | Not reported | No | 1.58x | 83% |
| August 2026 | $14.0M | Not reported | No | 1.65x | 83% |
| July 2026 | $14.0M | Not reported | No | 1.65x | 83% |
| June 2026 | $14.0M | Not reported | No | 1.65x | 83% |
| May 2026 | $14.0M | Not reported | No | 1.65x | 100% |
| April 2026 | $14.0M | Not reported | No | 1.65x | 100% |
| March 2026 | $14.0M | Not reported | No | n/a | 83% |
| February 2026 | $14.0M | Not reported | No | 1.60x | 100% |
| January 2026 | $14.0M | Not reported | No | 1.60x | 100% |
| December 2025 | $14.0M | Not reported | No | n/a | 100% |
| November 2025 | $14.0M | Not reported | No | 1.59x | 83% |
| October 2025 | $14.0M | Not reported | No | 1.59x | 83% |
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 | 27 | $14,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Boston-Cambridge-Newton loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 350 and 450 Water Street | Cambridge, MA | Mixed use | $421.0M | 2.792% | Nov 2031 | n/a | n/a | Current |
| Northshore Mall | Peabody, MA | Retail | $175.0M | 6.355% | Jan 2031 | 2.36x | 93% | Current |
| One Memorial Drive | Cambridge, MA | Office | $158.2M | 2.692% | Oct 2031 | 0.92x | 42% | Current |
| Cx - 350 & 450 Water Street, Cambridge (2031 maturity), loan 3 in BANK 2021-BNK38 | Cambridge, MA | Mixed use | $55.0M | 2.792% | Nov 2031 | 3.48x | 100% | Current |
| Cx - 350 & 450 Water Street, Cambridge (2031 maturity), loan 7 in BANK 2022-BNK39 | Cambridge, MA | Mixed use | $53.0M | 2.792% | Nov 2031 | 3.48x | 100% | Current |
| One Washington | Boston, MA | Office | $38.0M | 7.389% | Jun 2031 | n/a | n/a | Current |
| PGA Tour Superstore | Braintree, MA | Retail | $16.2M | 3.94% | Nov 2031 | n/a | n/a | Current |
| Extra Space Storage MA | Malden, MA | Self storage | $15.7M | 6.46% | Jul 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Boston-Cambridge-Newton loans
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.