Retail · Chapel Hill, North Carolina
Chatham Crossing
Chatham Crossing is financed with a $8.2M CMBS loan at 3.41% that reaches maturity on February 6, 2031, in 4 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $8,158,215
- Original balance (same notes)
- $9,200,000
- Interest rate
- 3.41% fixed
- Originated
- February 3, 2021
- Maturity
- February 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 5, 2030
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11312-11314 US Highway 15-501 North, Chapel Hill, NC 27517
- Metro
- Durham-Chapel Hill, NC
- Rentable area
- 85,811 sq ft
- Built
- 1999, renovated 2018
- Largest tenants
- Lowes Foods #167; Summer Renner Dance; Chatham County ABC Board
- Value at securitization
- $15.0M (Dec 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.20x | 2.52x |
| Occupancy | 96% | 100% |
| Net operating income | $1.1M | $1.2M |
| Debt yield | 15.2% |
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-C9 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 96% when the loan was securitized to 100%.
- Net operating income is 15% above the underwritten figure ($1.2M a year against $1.1M).
- Debt service coverage moved from 2.20x at securitization to 2.52x on the latest statements.
- The filing gives Jan 2030 as the lease end date for the largest tenant (Lowes Foods #167), 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 | $8.2M | Late payment but less than 30 days delinquent | No | 2.52x | 100% |
| August 2026 | $8.2M | Current | No | n/a | n/a |
| July 2026 | $8.2M | Current | No | n/a | n/a |
| June 2026 | $8.2M | Current | No | n/a | n/a |
| May 2026 | $8.2M | Current | No | n/a | n/a |
| April 2026 | $8.2M | Current | No | 2.49x | n/a |
| March 2026 | $8.2M | Current | No | 2.49x | n/a |
| February 2026 | $8.3M | Current | No | 2.49x | n/a |
| January 2026 | $8.3M | Current | No | 2.32x | 99% |
| December 2025 | $8.3M | Current | No | 2.32x | 99% |
| November 2025 | $8.3M | Current | No | 2.42x | 99% |
| October 2025 | $8.3M | Current | No | 2.42x | 99% |
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-C9 | 30 | $8,158,215 | Sep 2026 | SEC filing, September 29, 2026 |
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.