Mixed use · Tucson, Arizona
Plaza Colonial
Plaza Colonial is financed with a $16.7M CMBS loan at 6.96% that reaches maturity on June 6, 2030, in 3 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $16,700,000
- Original balance (same notes)
- $16,700,000
- Interest rate
- 6.96% fixed
- Originated
- May 7, 2025
- Maturity
- June 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2030
- Master servicer
- Gantry, Inc.
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2840, 2850, 2870 2880 and 2890 East Skyline Drive, Tucson, AZ 85718
- Metro
- Tucson, AZ
- Rentable area
- 83,869 sq ft
- Built
- 2005
- Largest tenants
- Coldwell Banker; UBS Financial Services; TMCOne
- Value at securitization
- $32.2M (Mar 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.90x | 2.13x |
| Occupancy | 92% | 96% |
| Net operating income (annualized from 6 months) | $2.2M | $5.0M |
| Debt yield | 30.2% |
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 BMO 2025-5C11 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 risen from 92% when the loan was securitized to 96%.
- Net operating income is 126% above the underwritten figure ($5.0M a year against $2.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.90x at securitization to 2.13x on the latest statements.
- The filing gives Mar 2027 as the lease end date for the largest tenant (Coldwell Banker), 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 | $16.7M | Current | No | 2.13x | 96% |
| August 2026 | $16.7M | Current | No | n/a | n/a |
| July 2026 | $16.7M | Current | No | n/a | n/a |
| June 2026 | $16.7M | Current | No | n/a | n/a |
| May 2026 | $16.7M | Current | No | n/a | n/a |
| April 2026 | $16.7M | Current | No | 3.48x | 100% |
| March 2026 | $16.7M | Current | No | 3.48x | 100% |
| February 2026 | $16.7M | Current | No | 4.56x | 100% |
| January 2026 | $16.7M | Current | No | 4.56x | 100% |
| December 2025 | $16.7M | Current | No | n/a | n/a |
| November 2025 | $16.7M | Current | No | n/a | n/a |
| October 2025 | $16.7M | 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 |
|---|---|---|---|---|
| BMO 2025-5C11 Mortgage Trust | 16 | $16,700,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Tucson loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sol y Luna | Tucson, AZ | Multifamily | $75.0M | 3.84% | Jan 2030 | 2.88x | 88% | Current |
| Doubletree Tcc | Tucson, AZ | Hotel | $22.5M | 7.43% | Jun 2030 | 2.04x | 80% | Current |
| Four Points Tucson | Tucson, AZ | Hotel | $8.9M | 4.21% | Feb 2030 | 0.75x | 69% | Current |
| Storquest Self Storage - Tucson | Tucson, AZ | Self storage | $3.2M | 3.40% | Feb 2030 | 3.76x | 88% | Current |
| Sherwood Manor Mhp | Tucson, AZ | Manufactured housing | $2.0M | 6.38% | Aug 2030 | n/a | n/a | Current |
| Sharidon Mhp | Tucson, AZ | Manufactured housing | $1.2M | 4.65% | Feb 2030 | 2.43x | 86% | 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.