Retail · Kent, Washington
Panther Lake Shopping Center
Panther Lake Shopping Center is financed with a $13.5M CMBS loan at 5.36% that reaches maturity on May 6, 2032, in 5 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,500,000
- Original balance (same notes)
- $13,500,000
- Interest rate
- 5.36% fixed
- Originated
- May 3, 2022
- Maturity
- May 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 5, 2024
- Prepayment premium ends
- February 5, 2032 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 20500-20632 108th Avenue Southeast, Kent, WA 98031
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 112,748 sq ft
- Built
- 1989, renovated 2018
- Largest tenants
- 24 Hour Fitness; Discount Liquidation Kent, LLC; Dollar Tree
- Value at securitization
- $21.0M (Jan 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.98x | n/a |
| Occupancy | 92% | n/a |
| Net operating income | $1.5M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2022-C16 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 (24 Hour Fitness), 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 | $13.5M | Current | No | n/a | n/a |
| August 2026 | $13.5M | Current | No | n/a | n/a |
| July 2026 | $13.5M | Current | No | n/a | n/a |
| June 2026 | $13.5M | Current | No | n/a | n/a |
| May 2026 | $13.5M | Current | No | n/a | n/a |
| April 2026 | $13.5M | Current | No | 2.05x | 75% |
| March 2026 | $13.5M | Current | No | 2.05x | 75% |
| February 2026 | $13.5M | Current | No | 2.21x | 96% |
| January 2026 | $13.5M | Current | No | 2.21x | 96% |
| December 2025 | $13.5M | Current | No | 2.21x | 96% |
| November 2025 | $13.5M | Current | No | 2.16x | 96% |
| October 2025 | $13.5M | Current | No | 2.16x | 96% |
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 2022-C16 | 27 | $13,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Center Plaza | Federal Way, WA | Retail | $37.5M | 4.37% | Feb 2032 | n/a | n/a | Current |
| Redmond Community Center | Redmond, WA | Retail | $34.5M | 4.089% | Mar 2032 | 2.79x | 100% | Current |
| Residence Inn Seattle, Seattle (2032 maturity) | Seattle, WA | Hotel | $27.9M | 4.91% | Apr 2032 | 2.22x | 74% | Current |
| Park Place Shopping Center, Tukwila | Tukwila, WA | Retail | $23.4M | 3.52% | Feb 2032 | 2.87x | n/a | Current |
| Covington Center | Covington, WA | Retail | $16.0M | 5.685% | May 2032 | 1.99x | 73% | Current |
| Kent Business Campus | Kent, WA | Mixed use | $13.0M | 3.543% | Feb 2032 | 3.22x | 90% | Current |
| Village at Thrashers | Bothell, WA | Retail | $5.8M | 6.046% | Jul 2032 | 1.45x | 100% | Current |
| Carlton Building | Tacoma, WA | Office | $4.8M | 6.09% | Oct 2032 | 0.88x | 48% | 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.