Retail · Melbourne, Florida
Causeway Shopping Center
Causeway Shopping Center is financed with a $12.5M CMBS loan at 6.14% that reaches maturity on October 6, 2030, in 3 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
- $12,500,000
- Original balance (same notes)
- $12,500,000
- Interest rate
- 6.14% fixed
- Originated
- September 30, 2025
- Maturity
- October 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2030
- Master servicer
- Trimont LLC
- Originator
- German American Capital Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 203-299 East Eau Gallie Boulevard, Melbourne, FL 32937
- Metro
- Palm Bay-Melbourne-Titusville, FL
- Rentable area
- 111,816 sq ft
- Built
- 1966
- Largest tenants
- Ross Dress for Less; Bealls; Michaels
- Value at securitization
- $18.5M (May 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.75x | n/a |
| Occupancy | 93% | n/a |
| Net operating income | $1.4M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2025-5C38 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
- The filing gives Jan 2029 as the lease end date for the largest tenant (Ross Dress for Less), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.5M | Current | No | n/a | n/a |
| August 2026 | $12.5M | Current | No | n/a | n/a |
| July 2026 | $12.5M | Current | No | n/a | n/a |
| June 2026 | $12.5M | Current | No | n/a | n/a |
| May 2026 | $12.5M | Current | No | n/a | n/a |
| April 2026 | $12.5M | Current | No | n/a | n/a |
| March 2026 | $12.5M | Current | No | n/a | n/a |
| February 2026 | $12.5M | Current | No | n/a | n/a |
| January 2026 | $12.5M | Current | No | n/a | n/a |
| December 2025 | $12.5M | Current | No | n/a | n/a |
| November 2025 | $12.5M | Current | No | n/a | n/a |
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 2025-5C38 | 21 | $12,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Palm Bay-Melbourne-Titusville loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| TownePlace Suites Titusville | Titusville, FL | Hotel | $13.3M | 7.465% | Mar 2030 | n/a | n/a | Current |
| King Street MHC | Cocoa, FL | Manufactured housing | $5.1M | 6.01% | Mar 2030 | 1.50x | 100% | Current |
All loans maturing in 2030 · All Palm Bay-Melbourne-Titusville 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.