Retail · Savannah, Georgia
Savannah Crossings I
Savannah Crossings I is financed with a $5.6M CMBS loan at 3.65% that reaches maturity on August 6, 2031, in 4 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,617,777
- Original balance (same notes)
- $6,240,000
- Interest rate
- 3.65% fixed
- Originated
- July 29, 2021
- Maturity
- August 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- May 5, 2031
- Master servicer
- Trimont LLC
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 13051 Abercorn Street, Savannah, GA 31419
- Metro
- Savannah, GA
- Rentable area
- 68,945 sq ft
- Built
- 1989
- Largest tenants
- Phantom Fireworks Showrooms; Rolling Crab; El Potro
- Value at securitization
- $9.9M (Jun 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.44x | 1.05x |
| Occupancy | 96% | 49% |
| Net operating income (annualized from 6 months) | $835K | $361K |
| Debt yield | 6.4% |
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 down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 96% when the loan was securitized to 49%.
- Net operating income is 57% below the underwritten figure ($361K a year against $835K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.44x at securitization to 1.05x on the latest statements.
- The filing gives Sep 2029 as the lease end date for the largest tenant (Phantom Fireworks Showrooms), 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 | $5.6M | Current | No | 1.05x | 49% |
| August 2026 | $5.6M | Current | No | 0.92x | 47% |
| July 2026 | $5.6M | Current | No | 0.92x | 47% |
| June 2026 | $5.7M | Current | No | 0.92x | 47% |
| May 2026 | $5.7M | Current | No | 1.44x | 49% |
| April 2026 | $5.7M | Current | No | 1.44x | 49% |
| March 2026 | $5.7M | Current | No | 1.44x | 49% |
| February 2026 | $5.7M | Current | No | 1.56x | 49% |
| January 2026 | $5.7M | Current | No | 1.56x | 49% |
| December 2025 | $5.7M | Current | No | 1.56x | 49% |
| November 2025 | $5.7M | Current | No | 1.56x | 49% |
| October 2025 | $5.7M | Current | No | 1.42x | 49% |
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 | 49 | $5,617,777 | Sep 2026 | SEC filing, September 29, 2026 |
Other Savannah loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marriott Savannah Riverfront | Savannah, GA | Hotel | $101.4M | 6.90% | Apr 2031 | n/a | n/a | Current |
| Amazon Port of Savannah | Port Wentworth, GA | Industrial | $28.7M | 3.557% | Jan 2031 | n/a | n/a | Current |
| Savannah Industrial | Savannah, GA | Industrial | $8.5M | 4.29% | Apr 2031 | 2.65x | 100% | Current |
| Mulberry Office | Savannah, GA | Office | $7.7M | 3.921% | Nov 2031 | 1.95x | 79% | Late, less than 30 days |
| Stephenson Medical Office Park | Savannah, GA | Office | $5.4M | 3.84% | Nov 2031 | 3.24x | 100% | Current |
| Dollar General Port Wentworth | Port Wentworth, GA | Retail | $1.2M | 4.51% | Mar 2031 | 2.09x | 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.