Retail · Wilmington, Delaware
F&N Shopping Village
F&N Shopping Village is financed with a $9.0M CMBS loan at 3.656% that reaches maturity on November 6, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,994,513
- Original balance (same notes)
- $9,500,000
- Interest rate
- 3.656% fixed
- Originated
- October 15, 2021
- Maturity
- November 6, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Barclays
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2080 Naamans Road, Wilmington, DE 19810
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 87,530 sq ft
- Built
- 1955, renovated 2021
- Largest tenants
- F&N Wine and Spirits Inc. (34; Grand East Buffet & Sushi (340; Vuong Thanh Pham (3405lavi)
- Value at securitization
- $14.1M (Aug 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.80x |
| Occupancy | 98% | 26% |
| Net operating income (annualized from 6 months) | n/a | $948K |
| Debt yield | 10.5% |
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-C12 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points 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 98% when the loan was securitized to 26%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.0M | Not reported | No | 1.80x | 26% |
| August 2026 | $9.0M | Not reported | No | 2.27x | 90% |
| July 2026 | $9.0M | Not reported | No | 2.00x | 90% |
| June 2026 | $9.0M | Not reported | No | 2.00x | 90% |
| May 2026 | $9.1M | Not reported | No | 2.00x | 90% |
| April 2026 | $9.1M | Not reported | No | 2.00x | 90% |
| March 2026 | $9.1M | Not reported | No | 2.00x | 90% |
| February 2026 | $9.1M | Not reported | No | 2.11x | 90% |
| January 2026 | $9.1M | Not reported | No | 2.11x | 90% |
| December 2025 | $9.1M | Not reported | No | 1.76x | 100% |
| November 2025 | $9.1M | Not reported | No | 1.76x | 100% |
| October 2025 | $9.2M | Not reported | No | 1.76x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2021-C12 | 34 | $8,994,513 | Sep 2026 | SEC filing, September 29, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Atlantic | Philadelphia, PA | Multifamily | $125.0M | 3.456% | Feb 2031 | 1.26x | 95% | Current |
| Deptford Mall | Deptford, NJ | Retail | $115.0M | 6.95% | May 2031 | n/a | n/a | Current |
| 400 Arcola Road | Collegeville, PA | Mixed use | $110.0M | 6.781% | Mar 2031 | n/a | n/a | Current |
| Velocity Industrial Portfolio | Lansdale, PA | Industrial | $75.0M | 3.23% | Jul 2031 | 3.29x | 90% | Current |
| Two Penn Center | Philadelphia, PA | Office | $67.9M | 3.268% | Apr 2031 | 2.07x | 74% | Current |
| 300 Four Falls | Conshohocken, PA | Office | $57.6M | 6.846% | Jan 2031 | 0.96x | 89% | Current |
| Wessex House | Wayne, PA | Multifamily | $57.5M | 5.72% | Mar 2031 | n/a | n/a | Current |
| The Court at Oxford Valley | Fairless Hills, PA | Retail | $52.6M | 3.20% | Jul 2031 | 2.23x | 92% | Current |
All loans maturing in 2031 · All Philadelphia-Camden-Wilmington 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.