Office · Palm Beach Gardens, Florida
Gardens Plaza
Gardens Plaza is financed with a $18.0M CMBS loan at 3.126% 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
- $18,000,000
- Original balance (same notes)
- $18,000,000
- Interest rate
- 3.126% fixed
- Originated
- May 3, 2021
- Maturity
- June 1, 2031
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- JPMCB
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 3250-3300 PGA Boulevard, Palm Beach Gardens, FL 33410
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 89,623 sq ft
- Built
- 1987
- Largest tenants
- Carr Riggs & Ingram LLC; The Striano Financial Group LLC; ELLRICH NEAL SMITH & STOHLMAN P.A.
- Value at securitization
- $30.8M (Apr 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 4.23x |
| Occupancy | 83% | 94% |
| Net operating income | n/a | $2.4M |
| 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 Benchmark 2021-B26 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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
- Occupancy has risen from 83% when the loan was securitized to 94%.
- The filing gives Jul 2030 as the lease end date for the largest tenant (Carr Riggs & Ingram 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 | $18.0M | Not reported | No | 4.23x | 94% |
| August 2026 | $18.0M | Not reported | No | 4.23x | 94% |
| July 2026 | $18.0M | Not reported | No | 4.23x | 94% |
| June 2026 | $18.0M | Not reported | No | 4.31x | 94% |
| May 2026 | $14.0M | Current | No | n/a | n/a |
| April 2026 | $18.0M | Not reported | No | 4.30x | 94% |
| March 2026 | $18.0M | Not reported | No | 4.30x | 87% |
| February 2026 | $18.0M | Not reported | No | 4.30x | 87% |
| January 2026 | $18.0M | Not reported | No | 4.45x | 87% |
| December 2025 | $18.0M | Not reported | No | 4.45x | 87% |
| November 2025 | $18.0M | Not reported | No | 4.86x | 87% |
| October 2025 | $18.0M | Not reported | No | 4.86x | 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 |
|---|---|---|---|---|
| Benchmark 2021-B26 Mortgage Trust | 18 | $18,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Phillips Point | West Palm Beach, FL | Office | $198.5M | 3.34% | Feb 2031 | 2.04x | 74% | Current |
| Cottage Cove Apartments | Miami, FL | Multifamily | $87.5M | 6.45% | Feb 2031 | n/a | n/a | Current |
| Extra Space Brickell | Miami, FL | Self storage | $65.0M | 3.99% | May 2031 | n/a | n/a | Current |
| Holiday Inn Miami Hialeah | Hialeah Gardens, FL | Hotel | $60.0M | 7.372% | Mar 2031 | n/a | n/a | Current |
| Doral Concourse | Doral, FL | Office | $56.0M | 3.31% | Aug 2031 | 2.24x | 84% | Current |
| 17 West Miami | Miami Beach, FL | Mixed use | $55.0M | 3.81% | Dec 2031 | 1.67x | 100% | Current |
| Doral Center | Doral, FL | Office | $53.5M | 7.35% | Aug 2031 | n/a | n/a | Current |
| Innovo at Sunrise | Sunrise, FL | Multifamily | $34.0M | 5.96% | Apr 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Miami-Fort Lauderdale-West Palm Beach 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.