Office · Palm Beach Gardens, Florida
PGA Financial Plaza
PGA Financial Plaza is financed with a $17.0M CMBS loan at 6.36% that reaches maturity on October 6, 2035, in 8 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $17,000,000
- Original balance (same notes)
- $17,000,000
- Interest rate
- 6.36% fixed
- Originated
- October 1, 2025
- Maturity
- October 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2035
- Master servicer
- Midland Loan Service
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3399 PGA Boulevard, Palm Beach Gardens, FL 33410
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 72,612 sq ft
- Built
- 1998, renovated 2011
- Largest tenants
- Comerica Bank; Raymond James; Cellcore
- Value at securitization
- $31.8M (Sep 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.72x | n/a |
| Occupancy | 81% | n/a |
| Net operating income | $1.9M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2025-C39 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.
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.0M | Current | No | n/a | n/a |
| August 2026 | $17.0M | Current | No | n/a | n/a |
| July 2026 | $17.0M | Current | No | n/a | n/a |
| June 2026 | $17.0M | Current | No | n/a | n/a |
| May 2026 | $17.0M | Current | No | n/a | n/a |
| April 2026 | $17.0M | Current | No | n/a | n/a |
| March 2026 | $17.0M | Current | No | n/a | n/a |
| February 2026 | $17.0M | Current | No | n/a | n/a |
| January 2026 | $17.0M | Current | No | n/a | n/a |
| December 2025 | $17.0M | Current | No | n/a | n/a |
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 2025-C39 | 19 | $17,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Dadeland Centre I & II | Miami, FL | Office | $51.5M | 7.40% | May 2035 | 1.62x | 94% | Current |
| Shoppes at Dadeland | Miami, FL | Retail | $40.5M | 6.74% | Aug 2035 | 0.98x | 100% | Current |
| Miramar Crossing | Miramar, FL | Retail | $5.5M | 6.32% | Apr 2035 | 3.05x | 96% | Current |
| Quantum on the Bay | Miami, FL | Office | $3.3M | 7.47% | Sep 2035 | n/a | n/a | 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.