Office · Greenville, South Carolina
Patewood Corporate Center
Public CMBS trusts hold $68.5M of the loan on Patewood Corporate Center at 4.13% that reaches maturity on June 5, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $68,500,000
- Original balance (same notes)
- $68,500,000
- Interest rate
- 4.13% fixed
- Originated
- May 11, 2021
- Maturity
- June 5, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 4, 2028
- Master servicer
- Midland Loan Services
- Originator
- 3650 Real Estate Investment Trust 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently July 30, 2024
- Defeasance
- None reported
The property
- Address
- 10 & 30 Patewood Drive and 50 & 80 International Drive, Greenville, SC 29615
- Metro
- Greenville-Anderson-Greer, SC
- Rentable area
- 447,282 sq ft
- Built
- 1985, renovated 2017
- Largest tenants
- The Gordian Group, Inc.; Commercial Foodservice Repair, Inc; Burns & McDonnell Engineering ComF
- Value at securitization
- $111.3M (Apr 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.18x | 1.67x |
| Occupancy | 90% | 73% |
| Net operating income (annualized from 6 months) | $6.3M | $9.7M |
| Debt yield | 14.1% |
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 3650R 2022-PF2 Commercial Mortgage Trust 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
- Modified
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 90% when the loan was securitized to 73%.
- Net operating income is 54% above the underwritten figure ($9.7M a year against $6.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.18x at securitization to 1.67x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $68.5M | Current | No | 1.67x | 73% |
| August 2026 | $68.5M | Current | No | 1.55x | 73% |
| July 2026 | $68.5M | Current | No | 1.55x | 74% |
| June 2026 | $68.5M | Current | No | 1.55x | 74% |
| May 2026 | $68.5M | Current | No | n/a | n/a |
| April 2026 | $68.5M | Current | No | 1.60x | 73% |
| March 2026 | $68.5M | Current | No | 1.60x | 73% |
| February 2026 | $68.5M | Current | No | 1.60x | 73% |
| January 2026 | $68.5M | Current | No | 1.66x | 72% |
| December 2025 | $68.5M | Current | No | 1.66x | 72% |
| November 2025 | $68.5M | Current | No | 1.66x | 72% |
| October 2025 | $68.5M | Current | No | 1.38x | 72% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| 3650R 2021-PF1 Commercial Mortgage Trust | 10 | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2023-V2 Mortgage Trust | 17 | $20,500,000 | Sep 2026 | SEC filing, September 28, 2026 |
| 3650R 2022-PF2 Commercial Mortgage Trust | 17 | $18,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Greenville-Anderson-Greer loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Home2 Suites Greenville | Greenville, SC | Hotel | $15.3M | 4.99% | Aug 2028 | 2.23x | 72% | Current |
| Shops at Easley Town Center | Easley, SC | Retail | $5.2M | 5.273% | Jun 2028 | 1.88x | 100% | Current |
| Best Western Travelers Rest | Travelers Rest, SC | Hotel | $3.9M | 5.81% | Oct 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All Greenville-Anderson-Greer 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.