Retail · Brooklyn Park, Minnesota
Mills Fleet Farm Brooklyn Ranch
Mills Fleet Farm Brooklyn Ranch is financed with a $23.0M CMBS loan at 3.71% that reaches maturity on November 6, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $23,000,000
- Original balance (same notes)
- $23,000,000
- Interest rate
- 3.71% fixed
- Originated
- October 29, 2021
- Maturity
- November 6, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- BMO
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8400 Lakeland Avenue North, Brooklyn Park, MN 55445
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Rentable area
- 246,891 sq ft
- Built
- 1984
- Largest tenants
- Fleet Farm Group LLC
- Value at securitization
- $37.6M (Sep 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 3.06x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $2.7M |
| Debt yield | 11.6% |
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-C12 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $23.0M | Not reported | No | 3.06x | 100% |
| August 2026 | $23.0M | Not reported | No | 3.06x | 100% |
| July 2026 | $23.0M | Not reported | No | 3.00x | 100% |
| June 2026 | $23.0M | Not reported | No | 3.00x | 100% |
| May 2026 | $23.0M | Not reported | No | 3.00x | 100% |
| April 2026 | $23.0M | Not reported | No | 3.00x | 100% |
| March 2026 | $23.0M | Not reported | No | 3.00x | 100% |
| February 2026 | $23.0M | Not reported | No | 2.99x | 100% |
| January 2026 | $23.0M | Not reported | No | 2.99x | 100% |
| December 2025 | $23.0M | Not reported | No | 2.99x | 100% |
| November 2025 | $23.0M | Not reported | No | 2.99x | 100% |
| October 2025 | $23.0M | Not reported | No | 3.01x | 100% |
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-C12 | 11 | $23,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 10 West End | St. Louis Park, MN | Office | $78.0M | 6.75% | Jul 2031 | n/a | n/a | Current |
| The 511 Building | MN | Other | $50.0M | 5.68% | Aug 2031 | n/a | n/a | Current |
| U-Haul Moving & Storage at Coon Rapids | Coon Rapids, MN | Self storage | $31.9M | 2.59% | Jul 2031 | n/a | n/a | Current |
| Berkshire Corporate Center | Plymouth, MN | Industrial | $25.6M | 3.559% | May 2031 | 3.23x | 86% | Current |
| Midline Apartments | Saint Paul, MN | Multifamily | $20.2M | 5.948% | Apr 2031 | 1.10x | 86% | Current |
| Luna Apartments | Minneapolis, MN | Multifamily | $14.0M | 3.91% | Jan 2031 | n/a | n/a | Current |
| Mills Fleet Farm Carver | Carver, MN | Retail | $13.9M | 3.88% | Dec 2031 | 2.95x | 100% | Current |
| Nox Apartments | Minneapolis, MN | Multifamily | $13.2M | 5.721% | Jun 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Minneapolis-St. Paul-Bloomington 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.