Retail · Sevierville, Tennessee
Governor Crossing
Governor Crossing is financed with a $9.5M CMBS loan at 6.08% that reaches maturity on December 6, 2035, in 9 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,500,000
- Original balance (same notes)
- $9,500,000
- Interest rate
- 6.08% fixed
- Originated
- November 21, 2025
- Maturity
- December 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2035
- Master servicer
- Midland Loan Service
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 212 Collier Drive, Sevierville, TN 37862
- Rentable area
- 140,568 sq ft
- Built
- 1998
- Largest tenants
- Lee Wrangler; Books-A-Million; Dollar Tree
- Value at securitization
- $18.1M (Sep 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.25x | n/a |
| Occupancy | 84% | n/a |
| Net operating income | $1.3M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2025-C39 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- The filing gives Jun 2030 as the lease end date for the largest tenant (Lee Wrangler), before the loan matures. Lenders look hard at that rollover.
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.5M | Current | No | n/a | n/a |
| August 2026 | $9.5M | Current | No | n/a | n/a |
| July 2026 | $9.5M | Current | No | n/a | n/a |
| June 2026 | $9.5M | Current | No | n/a | n/a |
| May 2026 | $9.5M | Current | No | n/a | n/a |
| April 2026 | $9.5M | Current | No | n/a | n/a |
| March 2026 | $9.5M | Current | No | n/a | n/a |
| February 2026 | $9.5M | Current | No | n/a | n/a |
| January 2026 | $9.5M | Current | No | n/a | n/a |
| December 2025 | $9.5M | Payment not received but still in grace period or not yet due | 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-C39 | 25 | $9,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Tennessee loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Brentwood Commons | Brentwood, TN | Office | $48.5M | 6.003% | Nov 2035 | n/a | n/a | 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.