Mixed use · Cincinnati, Ohio
Broadway Square Phase 1
Broadway Square Phase 1 is financed with a $4.9M CMBS loan at 3.75% that reaches maturity on July 6, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,941,673
- Original balance (same notes)
- $5,250,000
- Interest rate
- 3.75% fixed
- Originated
- June 10, 2021
- Maturity
- July 6, 2031
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- April 5, 2031
- 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
- 1108-1124 Broadway Street, 1216 Broadway Street and 1206 East Twelfth Street, Cincinnati, OH 45202
- Metro
- Cincinnati, OH-KY-IN
- Rentable area
- 42,310 sq ft
- Built
- 1870, renovated 2015
- Largest tenants
- SOTHERN GRAPHIC SYSTEMS, LLC; NATION PUB, LLC; HJB COLLECTIVE, LLC
- Value at securitization
- $7.7M (Apr 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.53x | 1.68x |
| Occupancy | 94% | 98% |
| Net operating income | $445K | $490K |
| Debt yield | 9.9% |
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.
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 risen from 94% when the loan was securitized to 98%.
- Net operating income is 10% above the underwritten figure ($490K a year against $445K).
- Debt service coverage moved from 1.53x at securitization to 1.68x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.9M | Current | No | 1.68x | 98% |
| August 2026 | $5.0M | Current | No | 1.68x | 98% |
| July 2026 | $5.0M | Current | No | 1.58x | 95% |
| June 2026 | $5.0M | Current | No | 1.58x | 95% |
| May 2026 | $5.0M | Current | No | 1.58x | 95% |
| April 2026 | $5.0M | Current | No | 1.48x | 95% |
| March 2026 | $5.0M | Current | No | 1.48x | 95% |
| February 2026 | $5.0M | Current | No | 1.48x | 95% |
| January 2026 | $5.0M | Current | No | 1.40x | 93% |
| December 2025 | $5.0M | Current | No | 1.38x | 100% |
| November 2025 | $5.0M | Current | No | 1.38x | 100% |
| October 2025 | $5.0M | Current | No | 1.38x | 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 | 56 | $4,941,673 | Sep 2026 | SEC filing, September 29, 2026 |
Other Cincinnati loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 175 Progress Place | Springdale, OH | Office | $42.2M | 3.82% | Apr 2031 | 2.63x | 92% | Current |
| The Links | Cincinnati, OH | Multifamily | $21.4M | 6.43% | Jan 2031 | n/a | n/a | Current |
| City Line Milford Self Storage | OH | Self storage | $12.0M | 6.371% | Jul 2031 | n/a | n/a | Current |
| Shoppes at Mason | Mason, OH | Retail | $7.8M | 3.858% | Nov 2031 | 2.84x | 100% | Current |
| Anderson Property | Monroe, OH | Industrial | $7.6M | 3.58% | Nov 2031 | n/a | n/a | Current |
| The Arthur | Covington, KY | Multifamily | $5.4M | 6.55% | Jul 2031 | n/a | n/a | Current |
| Kings Automall Shopping Center | Cincinnati, OH | Retail | $5.1M | 4.04% | Aug 2031 | 2.80x | 98% | Current |
| Spring Creek Apartments | Springboro, OH | Multifamily | $2.6M | 4.197% | May 2031 | 2.37x | 96% | 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.