Office · Plantation, Florida
Centene Office Building
Public CMBS trusts hold $31.2M of the loan on Centene Office Building at 3.415% that reaches maturity on May 5, 2031, in 4 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $31,200,000
- Original balance (same notes)
- $31,200,000
- Interest rate
- 3.415% fixed
- Originated
- May 4, 2021
- Maturity
- May 5, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 4, 2030
- Master servicer
- Midland Loan Services
- Originator
- 3650 Real Estate Investment Trust 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1700 N. University Drive, Plantation, FL 33322
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 145,983 sq ft
- Built
- 2020
- Largest tenants
- Centene Management Company LLC
- Value at securitization
- $78.7M (Mar 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.58x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $4.2M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2023-C21 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 Nov 2030 as the lease end date for the largest tenant (Centene Management Company LLC), 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 | $31.2M | Current | No | n/a | n/a |
| August 2026 | $31.2M | Current | No | n/a | n/a |
| July 2026 | $31.2M | Current | No | n/a | n/a |
| June 2026 | $31.2M | Current | No | n/a | n/a |
| May 2026 | $31.2M | Current | No | n/a | n/a |
| April 2026 | $31.2M | Current | No | 2.82x | 100% |
| March 2026 | $31.2M | Current | No | 2.82x | 100% |
| February 2026 | $31.2M | Current | No | 2.82x | 100% |
| January 2026 | $31.2M | Current | No | 2.82x | 100% |
| December 2025 | $31.2M | Current | No | 2.82x | 100% |
| November 2025 | $31.2M | Current | No | 2.82x | 100% |
| October 2025 | $31.2M | Current | No | 2.82x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| 3650R 2021-PF1 Commercial Mortgage Trust | 24 | $15,600,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2023-C21 | 15 | $15,600,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Phillips Point | West Palm Beach, FL | Office | $198.5M | 3.34% | Feb 2031 | 2.04x | 74% | Current |
| Cottage Cove Apartments | Miami, FL | Multifamily | $87.5M | 6.45% | Feb 2031 | n/a | n/a | Current |
| Extra Space Brickell | Miami, FL | Self storage | $65.0M | 3.99% | May 2031 | n/a | n/a | Current |
| Holiday Inn Miami Hialeah | Hialeah Gardens, FL | Hotel | $60.0M | 7.372% | Mar 2031 | n/a | n/a | Current |
| Doral Concourse | Doral, FL | Office | $56.0M | 3.31% | Aug 2031 | 2.24x | 84% | Current |
| 17 West Miami | Miami Beach, FL | Mixed use | $55.0M | 3.81% | Dec 2031 | 1.67x | 100% | Current |
| Doral Center | Doral, FL | Office | $53.5M | 7.35% | Aug 2031 | n/a | n/a | Current |
| Innovo at Sunrise | Sunrise, FL | Multifamily | $34.0M | 5.96% | Apr 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Miami-Fort Lauderdale-West Palm Beach 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.