Office · Pittsburgh, Pennsylvania
Gamma Medical
Gamma Medical is financed with a $2.8M CMBS loan at 4.145% that reaches maturity on July 6, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,812,145
- Original balance (same notes)
- $2,975,000
- Interest rate
- 4.145% fixed
- Originated
- June 17, 2021
- Maturity
- July 6, 2031
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- April 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Sabal Capital II, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 107 Gamma Drive, Pittsburgh, PA 15238
- Metro
- Pittsburgh, PA
- Rentable area
- 29,638 sq ft
- Built
- 1985, renovated 2005
- Largest tenants
- GAMMA SURGERY CENTER LLC; REHABILITATION AND PAIN SPECIALISTS P.C.; ADCS Clinics LLC
- Value at securitization
- $4.4M (Mar 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.69x | 2.16x |
| Occupancy | 100% | 87% |
| Net operating income | $293K | $375K |
| Debt yield | 13.4% |
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-C11 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 100% when the loan was securitized to 87%.
- Net operating income is 28% above the underwritten figure ($375K a year against $293K).
- Debt service coverage moved from 1.69x at securitization to 2.16x on the latest statements.
- The filing gives Jul 2028 as the lease end date for the largest tenant (GAMMA SURGERY CENTER LLC), 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 | $2.8M | Current | No | 2.16x | 87% |
| August 2026 | $2.8M | Current | No | 2.44x | 87% |
| July 2026 | $2.8M | Current | No | 2.44x | 87% |
| June 2026 | $2.8M | Current | No | 2.44x | 87% |
| May 2026 | $2.8M | Current | No | 2.69x | 87% |
| April 2026 | $2.8M | Current | No | 2.69x | 87% |
| March 2026 | $2.8M | Current | No | 2.69x | 87% |
| February 2026 | $2.8M | Current | No | 2.76x | 87% |
| January 2026 | $2.8M | Current | No | 2.76x | 87% |
| December 2025 | $2.9M | Current | No | 2.76x | 87% |
| November 2025 | $2.9M | Current | No | 2.96x | 87% |
| October 2025 | $2.9M | Current | No | 2.96x | 87% |
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-C11 | 81 | $2,812,145 | Sep 2026 | SEC filing, September 29, 2026 |
Other Pittsburgh loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Foster Plaza | Pittsburgh, PA | Office | $85.3M | 3.392% | Jan 2031 | n/a | n/a | Current |
| The Helm on the Allegheny | Pittsburgh, PA | Multifamily | $38.0M | 6.435% | Aug 2031 | n/a | n/a | Current |
| Koppers Building | Pittsburgh, PA | Office | $29.5M | 3.396% | Jul 2031 | 1.45x | 81% | Current |
| 150 Thornhill | Warrendale, PA | Industrial | $23.6M | 3.69% | Jun 2031 | 1.39x | 100% | Current |
| Butler Crossing | Butler, PA | Retail | $22.0M | 3.07% | Jul 2031 | 4.08x | 100% | Current |
| One Smithfield Street | Pittsburgh, PA | Office | $21.7M | 3.618% | Dec 2031 | 2.08x | 100% | Current |
| Chippewa Center | Beaver Falls, PA | Retail | $20.8M | 3.80% | Sep 2031 | n/a | n/a | Current |
| Guardian Storage Shadyside | Pittsburgh, PA | Self storage | $15.7M | 6.013% | Jan 2031 | 1.44x | 86% | 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.