Retail · Martinez, California
Arnold Point II
Arnold Point II is financed with a $2.2M CMBS loan at 5.01% that reaches maturity on March 6, 2031, in 4 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,170,048
- Original balance (same notes)
- $2,375,000
- Interest rate
- 5.01% fixed
- Originated
- March 5, 2021
- Maturity
- March 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- December 5, 2030
- Master servicer
- Trimont LLC
- Originator
- Sabal Capital II, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1041-1045 Arnold Drive, Martinez, CA 94553
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 4,330 sq ft
- Built
- 2015
- Largest tenants
- Amerilogis Foods Inc. dba Sourdough & Co.; Panda Express; JAMBA JUICE
- Value at securitization
- $4.1M (Jan 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.32x | 1.17x |
| Occupancy | 100% | 70% |
| Net operating income | $202K | $180K |
| Debt yield | 8.3% |
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-C11 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points 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 100% when the loan was securitized to 70%.
- Net operating income is 11% below the underwritten figure ($180K a year against $202K).
- Debt service coverage moved from 1.32x at securitization to 1.17x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.2M | Current | No | 1.17x | 70% |
| August 2026 | $2.2M | Current | No | 1.17x | 70% |
| July 2026 | $2.2M | Current | No | 1.42x | 70% |
| June 2026 | $2.2M | Current | No | 1.42x | 70% |
| May 2026 | $2.2M | Current | No | 1.42x | 70% |
| April 2026 | $2.2M | Current | No | 1.54x | 70% |
| March 2026 | $2.2M | Current | No | 1.54x | 70% |
| February 2026 | $2.2M | Current | No | 1.89x | 100% |
| January 2026 | $2.2M | Current | No | 1.89x | 100% |
| December 2025 | $2.2M | Current | No | 1.89x | 100% |
| November 2025 | $2.2M | Current | No | 1.89x | 100% |
| October 2025 | $2.2M | Current | No | 1.57x | 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-C11 | 87 | $2,170,048 | Sep 2026 | SEC filing, September 29, 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.