Retail · Perry Hall, Maryland
Perry Hall Centre And Perry Hall Square
Perry Hall Centre And Perry Hall Square is financed with a $30.1M CMBS loan at 5.22% 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
- $30,130,000
- Original balance (same notes)
- $30,130,000
- Interest rate
- 5.22% fixed
- Originated
- April 27, 2022
- Maturity
- May 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8903 Belair Road, Perry Hall, MD 21236
- Metro
- Baltimore-Columbia-Towson, MD
- Rentable area
- 241,396 sq ft
- Built
- 1957, renovated 2021
- Largest tenants
- Giant #2304; AMF Perry Hall; ACE Hardware
- Value at securitization
- $46.0M (Feb 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.85x | 1.60x |
| Occupancy | 92% | 85% |
| Net operating income (annualized from 6 months) | $3.0M | $5.2M |
| Debt yield | 17.1% |
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 2022-C16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends 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 fallen from 92% when the loan was securitized to 85%.
- Net operating income is 74% above the underwritten figure ($5.2M a year against $3.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.85x at securitization to 1.60x on the latest statements.
- The filing gives Aug 2027 as the lease end date for the largest tenant (Giant #2304), 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 | $30.1M | Current | No | 1.60x | 85% |
| August 2026 | $30.1M | Current | No | 1.64x | 85% |
| July 2026 | $30.1M | Current | No | 1.64x | 85% |
| June 2026 | $30.1M | Current | No | n/a | n/a |
| May 2026 | $30.1M | Current | No | n/a | n/a |
| April 2026 | $30.1M | Current | No | 1.40x | 85% |
| March 2026 | $30.1M | Current | No | 1.40x | 85% |
| February 2026 | $30.1M | Current | No | 1.46x | 91% |
| January 2026 | $30.1M | Current | No | 1.46x | 91% |
| December 2025 | $30.1M | Current | No | 1.46x | 91% |
| November 2025 | $30.1M | Current | No | 1.21x | 85% |
| October 2025 | $30.1M | Current | No | 1.21x | 85% |
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 | 11 | $30,130,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Baltimore-Columbia-Towson loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Merriweather | Columbia, MD | Office | $49.8M | 3.525% | Feb 2032 | 3.03x | 94% | Current |
| Two Merriweather | Columbia, MD | Office | $25.6M | 3.825% | Feb 2032 | 2.54x | 92% | Current |
| Mini U Storage Columbia | Columbia, MD | Self storage | $20.5M | 4.44% | Mar 2032 | n/a | n/a | Current |
| Crossroads Hotel Portfolio | Aberdeen, MD | Hotel | $15.1M | 6.081% | Apr 2032 | 1.74x | 55% | Current |
| Extra Space Storage - Baltimore | Middle River, MD | Self storage | $9.6M | 3.243% | Jan 2032 | 3.31x | 88% | Current |
| Harundale Plaza | Glen Burnie, MD | Retail | $9.3M | 4.20% | Apr 2032 | 3.01x | 83% | Current |
| Johns Hopkins | Laurel, MD | Office | $6.2M | 5.71% | Aug 2032 | 1.91x | 100% | Current |
| Johns Hopkins MOB | Baltimore, MD | Office | $5.7M | 4.665% | Apr 2032 | 2.42x | 100% | 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.