Retail · Happy Valley, Oregon
Clackamas Town Center
Public CMBS trusts hold $97.0M of the loan on Clackamas Town Center at 6.96% that reaches maturity on September 1, 2031, in 4 years and 10 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $97,000,000
- Original balance (same notes)
- $97,000,000
- Interest rate
- 6.96% fixed
- Originated
- August 18, 2026
- Maturity
- September 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 31, 2031
- Master servicer
- Midland
- Originator
- RREF V - D Direct Lending Investments, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 12000 Southeast 82nd Avenue, Happy Valley, OR 97086
- Metro
- Portland-Vancouver-Hillsboro, OR-WA
- Rentable area
- 640,836 sq ft
- Built
- 1981, renovated 2007
- Largest tenants
- Century Theatres; REI; Dave & Buster's
- Value at securitization
- $248.2M (Jul 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.78x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $24.5M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C43 filing for the reporting period ending October 13, 2026, filed with the SEC October 6, 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 Dec 2027 as the lease end date for the largest tenant (Century Theatres), before the loan matures. Lenders look hard at that rollover.
The last 1 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $97.0M | 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 2026-5C43 | 2 | $97,000,000 | Oct 2026 | SEC filing, October 6, 2026 |
Other Portland-Vancouver-Hillsboro loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Pittock Block | Portland, OR | Mixed use | $141.0M | 3.299% | Jan 2031 | 5.54x | 32% | Current |
| Parkworks Industry Center | Wilsonville, OR | Industrial | $64.8M | 3.502% | Dec 2031 | 2.76x | 88% | Current |
| Nyberg Portfolio - Rivers | Portland, OR | Retail | $63.9M | 3.641% | Dec 2031 | n/a | n/a | Current |
| Residences at Arnada | Vancouver, WA | Multifamily | $15.0M | 6.10% | May 2031 | n/a | n/a | Current |
| Brookside Apartments | Gresham, OR | Multifamily | $13.8M | 6.812% | Oct 2031 | n/a | n/a | Current |
| Orchard Market Place | Vancouver, WA | Retail | $12.5M | 3.15% | Oct 2031 | 3.84x | 73% | Current |
| The Hanna Building | Portland, OR | Office | $10.8M | 6.722% | Jun 2031 | n/a | n/a | Current |
| Iron Gate Mega Storage | Vancouver, WA | Self storage | $10.0M | 3.038% | Jan 2031 | 4.14x | 83% | Current |
All loans maturing in 2031 · All Portland-Vancouver-Hillsboro loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.