Office · Orlando, Florida
Pavlik Professional Center
Pavlik Professional Center is financed with a $4.0M CMBS loan at 3.90% that reaches maturity on July 6, 2031, in 4 years and 8 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
- $4,037,102
- Original balance (same notes)
- $4,275,000
- Interest rate
- 3.90% fixed
- Originated
- June 18, 2021
- Maturity
- July 6, 2031
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- April 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Sabal Capital II, 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
- 2010-2014 South Orange Avenue, Orlando, FL 32806
- Metro
- Orlando-Kissimmee-Sanford, FL
- Rentable area
- 16,857 sq ft
- Built
- 1955, renovated 2009
- Largest tenants
- Health Diagnostics of Orlando LLC; TrueBalance Weight a; Upperline Health Inc
- Value at securitization
- $6.4M (May 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.65x | 0.52x |
| Occupancy | 100% | 57% |
| Net operating income | $400K | $125K |
| Debt yield | 3.1% |
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 BBCMS Mortgage Trust 2021-C11 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
On the cmbs.news watch list in every report since June 2026.
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 100% when the loan was securitized to 57%.
- Net operating income is 69% below the underwritten figure ($125K a year against $400K).
- Debt service coverage moved from 1.65x at securitization to 0.52x on the latest statements.
- At 0.52x, the property's reported NOI does not cover its debt service.
- The filing gives Feb 2027 as the lease end date for the largest tenant (Health Diagnostics of Orlando LLC), 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 | $4.0M | Late payment but less than 30 days delinquent | No | 0.52x | 57% |
| August 2026 | $4.0M | Late payment but less than 30 days delinquent | No | 0.80x | 43% |
| July 2026 | $4.0M | Current | No | 0.80x | 43% |
| June 2026 | $4.1M | Current | No | 0.80x | 43% |
| May 2026 | $4.1M | Late payment but less than 30 days delinquent | No | 1.07x | 43% |
| April 2026 | $4.1M | Current | No | 1.07x | 43% |
| March 2026 | $4.1M | Late payment but less than 30 days delinquent | No | 1.07x | 43% |
| February 2026 | $4.1M | Current | No | 1.48x | 37% |
| January 2026 | $4.1M | Current | No | 1.48x | 37% |
| December 2025 | $4.1M | Current | No | 1.48x | 37% |
| November 2025 | $4.1M | Current | No | 1.48x | 37% |
| October 2025 | $4.1M | Current | No | 1.82x | 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-C11 | 65 | $4,037,102 | Sep 2026 | SEC filing, September 29, 2026 |
Other Orlando-Kissimmee-Sanford loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Douglaston Villas & Townhomes | Altamonte Springs, FL | Multifamily | $29.3M | 6.42% | Oct 2031 | n/a | n/a | Current |
| Candlewood Suites Orlando | Orlando, FL | Other | $25.0M | 5.036% | Dec 2031 | 1.24x | 86% | With the special servicer and 90+ days delinquent |
| Orlando Technology Park | Lake Mary, FL | Office | $23.0M | 3.501% | Mar 2031 | 2.35x | 93% | Current |
| Venture & Forsyth | Orlando, FL | Industrial | $20.0M | 3.913% | Apr 2031 | n/a | n/a | Current |
| Cambria Hotel Orlando | Orlando, FL | Hotel | $19.0M | 8.03% | Aug 2031 | n/a | n/a | Current |
| Home2 Suites Lake Mary | Lake Mary, FL | Hotel | $17.0M | 7.096% | Apr 2031 | n/a | n/a | Current |
| Wyndham Kissimmee Celebration - Leased Fee | Kissimmee, FL | Hotel | $13.2M | 4.23% | Apr 2031 | 1.73x | 100% | Current |
| Sovereignty at Winter Park | Winter Park, FL | Multifamily | $12.7M | 6.00% | Jun 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Orlando-Kissimmee-Sanford 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.