Office · California, Maryland
Holly Office Park
Holly Office Park is financed with a $14.5M CMBS loan at 3.99% that reaches maturity on January 6, 2030, in 3 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $14,500,000
- Original balance (same notes)
- $14,500,000
- Interest rate
- 3.99% fixed
- Originated
- January 6, 2020
- Maturity
- January 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Grandbridge
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 44421-44427 Airport Road, California, MD 20619
- Rentable area
- 162,834 sq ft
- Built
- 1983
- Largest tenants
- AMEWAS; VECTRUS; GENERAL DYNAMICS
- Value at securitization
- $24.4M (Dec 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.25x | 2.18x |
| Occupancy | 94% | 73% |
| Net operating income | $1.9M | $1.3M |
| Debt yield | 8.8% |
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 2020-C6 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% 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 94% when the loan was securitized to 73%.
- Net operating income is 33% below the underwritten figure ($1.3M a year against $1.9M).
- Debt service coverage moved from 3.25x at securitization to 2.18x on the latest statements.
- The filing gives Jun 2028 as the lease end date for the largest tenant (AMEWAS), 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 | $14.5M | Late payment but less than 30 days delinquent | No | 2.18x | 73% |
| August 2026 | $14.5M | Current | No | 2.16x | 73% |
| July 2026 | $14.5M | Current | No | 2.16x | 73% |
| June 2026 | $14.5M | Current | No | 2.16x | 73% |
| May 2026 | $14.5M | Current | No | n/a | n/a |
| April 2026 | $14.5M | Current | No | 2.58x | 65% |
| March 2026 | $14.5M | Current | No | 2.58x | 65% |
| February 2026 | $14.5M | Current | No | 2.58x | 65% |
| January 2026 | $14.5M | Current | No | 2.58x | 65% |
| December 2025 | $14.5M | Current | No | 2.58x | 65% |
| November 2025 | $14.5M | Late payment but less than 30 days delinquent | No | 2.58x | 65% |
| October 2025 | $14.5M | Current | No | 2.58x | 65% |
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 2020-C6 | 28 | $14,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Maryland loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Home2 Suites Lexington Park | Lexington Park, MD | Hotel | $8.6M | 7.199% | Jul 2030 | 2.27x | 71% | Current |
| Fairfield Inn By Marriott Lexington Park Patuxent River Naval Air Station | Lexington Park, MD | Hotel | $4.4M | 4.37% | Feb 2030 | 2.14x | 63% | 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.