Office · Bridgeville, Pennsylvania
Abele Business Park
Abele Business Park is financed with a $24.4M CMBS loan at 4.00% that reaches maturity on September 6, 2030, in 3 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $24,428,053
- Original balance (same notes)
- $25,800,000
- Interest rate
- 4.00% fixed
- Originated
- September 3, 2020
- Maturity
- September 6, 2030
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- June 5, 2030
- Master servicer
- Midland
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 200-800 Old Pond Road 100 & 200 Villani Dr, 50-70 Abele Rd, Bridgeville, PA 15017
- Metro
- Pittsburgh, PA
- Rentable area
- 312,064 sq ft
- Built
- 1989, renovated 2019
- Largest tenants
- Junior Achievement; Dr. Gertrude A Barber Center, Inc.; RxPartners LTC, LLC
- Value at securitization
- $41.5M (Aug 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.98x | 1.67x |
| Occupancy | 94% | 85% |
| Net operating income (annualized from 3 months) | $2.9M | $2.5M |
| Debt yield | 10.3% |
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 2020-C8 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
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
- Occupancy has fallen from 94% when the loan was securitized to 85%.
- Net operating income is 14% below the underwritten figure ($2.5M a year against $2.9M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.98x at securitization to 1.67x on the latest statements.
- The filing gives May 2028 as the lease end date for the largest tenant (Junior Achievement), 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 | $24.4M | Current | No | 1.67x | 85% |
| August 2026 | $24.5M | Current | No | 1.67x | 85% |
| July 2026 | $24.5M | Current | No | 1.67x | 85% |
| June 2026 | $24.5M | Current | No | n/a | n/a |
| May 2026 | $24.6M | Current | No | n/a | n/a |
| April 2026 | $24.6M | Current | No | 1.71x | 86% |
| March 2026 | $24.7M | Current | No | 1.71x | 86% |
| February 2026 | $24.7M | Current | No | 1.68x | 87% |
| January 2026 | $24.7M | Current | No | 1.68x | 87% |
| December 2025 | $24.8M | Current | No | 1.68x | 87% |
| November 2025 | $24.8M | Current | No | 1.65x | 82% |
| October 2025 | $24.9M | Current | No | 1.65x | 82% |
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 2020-C8 | 7 | $24,428,053 | Sep 2026 | SEC filing, September 29, 2026 |
Other Pittsburgh loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Frick Building | Pittsburgh, PA | Office | $32.2M | 3.70% | Mar 2030 | 1.04x | 63% | Current |
| Highland Village Townhomes | Pittsburgh, PA | Multifamily | $26.5M | 3.92% | Jan 2030 | 2.52x | 95% | Current |
| Guardian Storage _ Seven Fields, Pa | Seven Fields, PA | Self storage | $10.6M | 6.50% | Jun 2030 | 1.54x | 94% | Current |
| Guardian Storage Strip District | Pittsburgh, PA | Self storage | $10.6M | 6.012% | Sep 2030 | 1.50x | 91% | Current |
| Guardian Storage Forest Hills | Pittsburgh, PA | Self storage | $8.5M | 6.244% | Nov 2030 | 1.25x | 95% | Current |
| Hampton Inn Meadow Lands | Washington, PA | Hotel | $5.7M | 7.63% | Apr 2030 | n/a | n/a | Current |
| Fed Ex Mt. Pleasant | Mount Pleasant, PA | Industrial | $4.2M | 4.183% | Jul 2030 | 2.74x | 100% | 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.