Office · Orlando, Florida
Orlando Central
3319 Maguire Boulevard, Orlando, FL · Google Maps
Orlando Central is financed with a $34.4M CMBS loan at 5.52% that reaches maturity on January 6, 2027, in 2 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $34,404,367
- Original balance (same notes)
- $38,250,000
- Interest rate
- 5.52% fixed
- Originated
- December 22, 2016
- Maturity
- January 6, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- March 5, 2019
- Master servicer
- Trimont LLC
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3319 Maguire Boulevard, Orlando, FL 32803
- Metro
- Orlando-Kissimmee-Sanford, FL
- Rentable area
- 637,380 sq ft
- Built
- 1966, renovated 2016
- Largest tenants
- State of Florida; Concorde Career Colleges Inc.; GSA
- Value at securitization
- $62.7M (Nov 2016)
Performance
| Measure | At securitization | Latest (Jun 2026) |
|---|---|---|
| DSCR (NOI) | 1.92x | 2.29x |
| Occupancy | 77% | 87% |
| Net operating income (annualized from 6 months) | $5.0M | $6.0M |
| Debt yield | 17.5% |
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.
Comparable loans: office properties in Orlando-Kissimmee-Sanford, FL, with NOI, occupancy and value.
Watch flags
Computed from the BBCMS Mortgage Trust 2017-C1 filing for the reporting period ending October 13, 2026, filed with the SEC October 29, 2026.
- Matures within 12 months
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 77% when the loan was securitized to 87%.
- Net operating income is 20% above the underwritten figure ($6.0M a year against $5.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.92x at securitization to 2.29x on the latest statements.
Who is behind this loan
- Principal/carveout guarantor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Feb 2017.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Refinance test on today's income
The latest annual NOI in the filing is $6.0M, a debt yield of 17.5% on $34.4M. Lenders often size a new loan so NOI is at least 9% to 10% of the loan amount.
| Debt yield a lender requires | Largest loan | Against today's balance |
|---|---|---|
| 9% | $67.0M | $32.6M of room |
| 10% | $60.3M | $25.9M of room |
Arithmetic on the filed NOI only: no rates, reserves, cap rates or lender terms. NOI can be a year old; see the statement dates above.
Operating statement
| Annual | At securitization | Latest, Jun 2026 | Per sq ft |
|---|---|---|---|
| Revenue | $9.1M | $13.1M | $20.57/sf |
| Operating expenses | $4.0M | $7.1M | $11.11/sf |
| Net operating income | $5.0M | $6.0M | $9.46/sf |
| Net cash flow | $4.5M | $5.5M | $8.68/sf |
| Expense ratio | 44.7% | 54.0% |
From the servicer's Schedule AL report; the latest statement covers 6 months and is annualized; 637,380 sq ft; renovated 2016.
Largest tenants
| Tenant | Sq ft | Share of building | Lease ends |
|---|---|---|---|
| State of Florida | 50,093 | 8% | Jul 2030 |
| Concorde Career Colleges Inc. | 41,449 | 7% | Apr 2030 |
| GSA | 32,584 | 5% | May 2031 |
Red: the lease ends before the loan matures.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $34.4M | Current | No | 2.29x | 87% |
| September 2026 | $34.5M | Current | No | 2.29x | 87% |
| August 2026 | $34.5M | Current | No | 2.29x | 87% |
| July 2026 | $34.6M | Current | No | 2.27x | 85% |
| June 2026 | $34.6M | Current | No | 2.27x | 85% |
| May 2026 | $34.7M | Current | No | 2.27x | 85% |
| April 2026 | $34.7M | Current | No | 2.41x | 85% |
| March 2026 | $34.8M | Current | No | 2.41x | 85% |
| February 2026 | $34.9M | Current | No | 2.41x | 85% |
| January 2026 | $34.9M | Current | No | 2.50x | 83% |
| December 2025 | $35.0M | Current | No | 2.50x | 83% |
| November 2025 | $35.0M | Current | No | 2.50x | 83% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements.
Full history back to February 2017. See it with Pro.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2017-C1 | 6 | $34,404,367 | Oct 2026 | SEC filing, October 29, 2026 |
Other Orlando-Kissimmee-Sanford loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Doubletree Orlando | Orlando, FL | Hotel | $22.7M | 4.748% | Sep 2027 | 1.34x | 64% | With the special servicer and 90+ days delinquent |
| University Corporate Center | Orlando, FL | Office | $14.5M | 5.94% | Oct 2027 | 1.42x | 57% | Current |
| Sheraton Orlando North Fee | Maitland, FL | Other | $10.5M | 3.92% | Jul 2027 | 2.36x | 100% | Current |
| Sheraton- Orlando North | Maitland, FL | Hotel | $10.1M | 5.353% | Jul 2027 | 0.94x | 59% | With the special servicer |
| Residence Inn Orlando East Ucf | Orlando, FL | Hotel | $10.0M | 5.21% | Feb 2027 | 1.60x | 76% | Current |
| Towne Center Shoppes | Oviedo, FL | Retail | $9.7M | 4.656% | Apr 2027 | 2.72x | 100% | Current |
| CVS - South Orange and 1 other property | Orlando, FL | Retail | $6.6M | 6.064% | Jun 2027 | n/a | n/a | Current |
| Main Street Square | Fern Park, FL | Retail | $6.1M | 4.69% | May 2027 | 1.79x | 99% | Current |
All loans maturing in 2027 · All Orlando-Kissimmee-Sanford loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.