Office · Albuquerque, New Mexico
Century Plaza Albuquerque
Century Plaza Albuquerque is financed with a $25.7M CMBS loan at 3.292% that reaches maturity on May 1, 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
- $25,700,000
- Original balance (same notes)
- $25,700,000
- Interest rate
- 3.292% fixed
- Originated
- April 26, 2021
- Maturity
- May 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 31, 2030
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 400 Tijeras Avenue Northwest, Albuquerque, NM 87102
- Metro
- Albuquerque, NM
- Rentable area
- 410,561 sq ft
- Built
- 1980, renovated 2014
- Largest tenants
- CenturyLink Communications LLC; Greater Chamber of Commerce; ZAYO GROUP LLC.
- Value at securitization
- $44.7M (Jan 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 3.74x | 2.32x |
| Occupancy | 74% | 27% |
| Net operating income (annualized from 3 months) | $3.2M | $2.0M |
| Debt yield | 7.7% |
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 BANK 2021-BNK33 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% 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 74% when the loan was securitized to 27%.
- Net operating income is 38% below the underwritten figure ($2.0M a year against $3.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 3.74x at securitization to 2.32x on the latest statements.
- The filing gives Dec 2029 as the lease end date for the largest tenant (CenturyLink Communications 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 | $25.7M | Current | No | 2.32x | 27% |
| August 2026 | $25.7M | Current | No | 2.32x | 27% |
| July 2026 | $25.7M | Current | No | 2.32x | 27% |
| June 2026 | $25.7M | Late payment but less than 30 days delinquent | No | 3.10x | 30% |
| May 2026 | $25.7M | Current | No | 3.10x | 30% |
| April 2026 | $25.7M | Current | No | 3.10x | 30% |
| March 2026 | $25.7M | Current | No | 3.88x | 30% |
| February 2026 | $25.7M | Current | No | 3.88x | 30% |
| January 2026 | $25.7M | Current | No | 3.88x | 30% |
| December 2025 | $25.7M | Current | No | 5.76x | 30% |
| November 2025 | $25.7M | Current | No | 5.76x | 30% |
| October 2025 | $25.7M | Current | No | 5.04x | 75% |
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 |
|---|---|---|---|---|
| BANK 2021-BNK33 | 15 | $25,700,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Albuquerque loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Montgomery Plaza | Albuquerque, NM | Retail | $24.5M | 3.90% | Jul 2031 | n/a | n/a | Current |
| Pavilions at San Mateo | Albuquerque, NM | Retail | $20.4M | 6.86% | Oct 2031 | n/a | n/a | Current |
| 528 Armor Storage | Bernalillo, NM | Self storage | $7.0M | 3.80% | May 2031 | n/a | n/a | Current |
| Armored Mini Storage | Albuquerque, NM | Self storage | $5.4M | 3.203% | Aug 2031 | 3.00x | 95% | Current |
| Estrella MHP | Albuquerque, NM | Manufactured housing | $5.0M | 4.061% | Jun 2031 | n/a | n/a | 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.