Office · El Paso, Texas
Cliff Drive Medical Plaza
Cliff Drive Medical Plaza is financed with a $4.6M CMBS loan at 3.85% that reaches maturity on June 1, 2031, in 4 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,596,859
- Original balance (same notes)
- $4,700,000
- Interest rate
- 3.85%
- Originated
- n/a
- Maturity
- June 1, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1225 E Cliff Dr, El Paso, TX 79902
- Metro
- El Paso, TX
- Rentable area
- 29,032 sq ft
- Built
- 1999
- Largest tenants
- Fresenius Medical Care; Allevio Care
- Value at securitization
- $7.0M (Apr 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 0.90x |
| Occupancy | 100% | 55% |
| Net operating income (annualized from 6 months) | n/a | $241K |
| Debt yield | 5.2% |
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-C10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Occupancy down 10 points or more from securitization
- Largest tenant's lease ends within 12 months
On the cmbs.news watch list in every report since August 2026.
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 100% when the loan was securitized to 55%.
- At 0.90x, the property's reported NOI does not cover its debt service.
- The filing gives Dec 2026 as the lease end date for the largest tenant (Fresenius Medical Care), 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 | $4.6M | Not reported | No | 0.90x | 55% |
| August 2026 | $4.6M | Not reported | No | 0.90x | 55% |
| July 2026 | $4.6M | Not reported | No | 1.30x | 55% |
| June 2026 | $4.6M | Not reported | No | 1.30x | 55% |
| May 2026 | $4.6M | Not reported | No | 1.30x | 55% |
| April 2026 | $4.6M | Not reported | No | 1.02x | 55% |
| March 2026 | $4.6M | Not reported | No | 1.02x | 55% |
| February 2026 | $4.6M | Not reported | No | 1.02x | 55% |
| January 2026 | $4.7M | Not reported | No | 1.13x | 55% |
| December 2025 | $4.7M | Not reported | No | 1.13x | 55% |
| November 2025 | $4.7M | Not reported | No | 1.13x | 55% |
| October 2025 | $4.7M | Not reported | No | 1.39x | 55% |
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-C10 | 53 | $4,596,859 | Sep 2026 | SEC filing, September 29, 2026 |
Other El Paso loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The 501 Apartments | El Paso, TX | Multifamily | $5.8M | 6.70% | Aug 2031 | n/a | n/a | Current |
| Walgreens - Socorro | Socorro, TX | Retail | $3.7M | 4.033% | Jul 2031 | 2.18x | 100% | 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.