Retail · Daly City, California
Alto Serramonte Shopping Center
Alto Serramonte Shopping Center is financed with a $11.3M CMBS loan at 3.40% that reaches maturity on December 6, 2031, in 5 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,250,000
- Original balance (same notes)
- $11,250,000
- Interest rate
- 3.40%
- Originated
- n/a
- Maturity
- December 6, 2031
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Sabal Capital II, LLC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 314-362 Gellert Boulevard, Daly City, CA 94015
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 34,094 sq ft
- Built
- 1976
- Largest tenants
- Big 5 Sporting Goods; Mattress Discounters; Patelco Credit Union
- Value at securitization
- $23.5M (Sep 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.96x |
| Occupancy | 97% | 93% |
| Net operating income | n/a | $1.1M |
| Debt yield | 10.2% |
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 BMO 2022-C1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- Occupancy has fallen from 97% when the loan was securitized to 93%.
- The filing gives Jan 2028 as the lease end date for the largest tenant (Big 5 Sporting Goods), 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 | $11.3M | Not reported | No | 2.96x | 93% |
| August 2026 | $11.3M | Not reported | No | 2.96x | 93% |
| July 2026 | $11.3M | Not reported | No | 2.89x | 100% |
| June 2026 | $11.3M | Not reported | No | 2.89x | 100% |
| May 2026 | $11.3M | Not reported | No | 2.89x | 100% |
| April 2026 | $11.3M | Not reported | No | 2.89x | 100% |
| March 2026 | $11.3M | Not reported | No | 2.89x | 100% |
| February 2026 | $11.3M | Not reported | No | 2.59x | 91% |
| January 2026 | $11.3M | Not reported | No | 2.62x | 91% |
| December 2025 | $11.3M | Not reported | No | 2.59x | 91% |
| November 2025 | $11.3M | Not reported | No | 2.62x | 91% |
| October 2025 | $11.3M | Not reported | No | 2.62x | 91% |
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 |
|---|---|---|---|---|
| BMO 2022-C1 Mortgage Trust | 31 | $11,250,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| SOMA Teleco Office | San Francisco, CA | Office | $102.5M | 3.66% | Apr 2031 | 1.53x | 55% | Current |
| The Veranda | Concord, CA | Retail | $100.0M | 2.99% | Oct 2031 | 3.66x | 96% | Current |
| 360 Spear Street | San Francisco, CA | Office | $87.0M | 2.768% | Jan 2031 | 4.94x | 100% | Current |
| 499 Forbes | San Francisco, CA | Industrial | $75.0M | 7.17% | Jul 2031 | n/a | n/a | Current |
| ActivSpace Portfolio | San Francisco, CA | Self storage | $50.0M | 5.738% | Jan 2031 | n/a | n/a | Current |
| Corporate Research Center | Hayward, CA | Mixed use | $44.5M | 2.54% | Oct 2031 | 4.51x | 90% | Current |
| One Trinity Center | San Francisco, CA | Office | $40.0M | 2.91% | Jul 2031 | 3.11x | 100% | Current |
| Storquest - Richmond, Ca | Richmond, CA | Self storage | $34.0M | 3.666% | Dec 2031 | 2.12x | 88% | Current |
All loans maturing in 2031 · All San Francisco-Oakland-Fremont 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.