Retail · Florissant, Missouri
Florissant Marketplace
Florissant Marketplace is financed with a $8.1M CMBS loan at 7.19% that reaches maturity on May 1, 2030, in 3 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
- $8,100,000
- Original balance (same notes)
- $8,100,000
- Interest rate
- 7.19% fixed
- Originated
- April 11, 2025
- Maturity
- May 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 30, 2029
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8182-8234 North Lindbergh Boulevard, Florissant, MO 63031
- Metro
- St. Louis, MO-IL
- Rentable area
- 146,260 sq ft
- Built
- 1973
- Largest tenants
- Schnucks Markets Inc.; CRUNCH FITNESS; Pet Supplies Plus
- Value at securitization
- $14.2M (Jan 2025)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.75x | 0.20x |
| Occupancy | 92% | 98% |
| Net operating income | $1.0M | $120K |
| Debt yield | 1.5% |
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 2025-5C34 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
On the cmbs.news watch list in every report since April 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 risen from 92% when the loan was securitized to 98%.
- Net operating income is 88% below the underwritten figure ($120K a year against $1.0M).
- Debt service coverage moved from 1.75x at securitization to 0.20x on the latest statements.
- At 0.20x, the property's reported NOI does not cover its debt service.
- The filing gives Nov 2026 as the lease end date for the largest tenant (Schnucks Markets Inc.), 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 | $8.1M | Current | No | 0.20x | 98% |
| August 2026 | $8.1M | Current | No | 0.20x | 98% |
| July 2026 | $8.1M | Current | No | 0.20x | 98% |
| June 2026 | $8.1M | Current | No | 0.20x | 98% |
| May 2026 | $8.1M | Current | No | 0.20x | 98% |
| April 2026 | $8.1M | Current | No | 0.20x | 98% |
| March 2026 | $8.1M | Current | No | n/a | n/a |
| February 2026 | $8.1M | Current | No | n/a | n/a |
| January 2026 | $8.1M | Current | No | n/a | n/a |
| December 2025 | $8.1M | Current | No | n/a | n/a |
| November 2025 | $8.1M | Current | No | n/a | n/a |
| October 2025 | $8.1M | 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 2025-5C34 | 27 | $8,100,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other St. Louis loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Shaw Park Plaza | Clayton, MO | Office | $54.3M | 6.90% | May 2030 | 1.62x | 99% | Current |
| Cypress Village Apartments | Saint Ann, MO | Multifamily | $45.6M | 7.09% | Mar 2030 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| St Louis Industrial Portfolio-South Highway | Fenton, MO | Industrial | $11.2M | 3.614% | Feb 2030 | n/a | n/a | Current |
| Baumgartner Road Self-Storage | St. Louis, MO | Self storage | $3.0M | 7.22% | Jan 2030 | 1.23x | 99% | 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.