Multifamily · San Pedro, California
Seaport Homes
Public CMBS trusts hold $32.0M of the loan on Seaport Homes at 3.35% that reaches maturity on February 6, 2031, in 4 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $32,000,000
- Original balance (same notes)
- $32,000,000
- Interest rate
- 3.35% fixed
- Originated
- February 3, 2021
- Maturity
- February 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2030
- 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
- 28000 South Western Avenue, San Pedro, CA 90732
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Units, rooms or beds
- 136
- Built
- 2008
- Value at securitization
- $63.5M (Jan 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.67x | 3.42x |
| Occupancy | 99% | 100% |
| Net operating income (annualized from 3 months) | $2.9M | $3.7M |
| Debt yield | 11.6% |
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-C9 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.
What the filing shows
- Net operating income is 28% above the underwritten figure ($3.7M a year against $2.9M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.67x at securitization to 3.42x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $32.0M | Current | No | 3.42x | 100% |
| August 2026 | $32.0M | Current | No | 3.42x | 100% |
| July 2026 | $32.0M | Current | No | 3.42x | 100% |
| June 2026 | $32.0M | Current | No | 3.18x | 100% |
| May 2026 | $32.0M | Current | No | 3.18x | 100% |
| April 2026 | $32.0M | Current | No | 3.18x | 100% |
| March 2026 | $32.0M | Current | No | 3.21x | 100% |
| February 2026 | $32.0M | Current | No | 3.21x | 100% |
| January 2026 | $32.0M | Current | No | 3.21x | 100% |
| December 2025 | $32.0M | Current | No | 3.21x | 100% |
| November 2025 | $32.0M | Current | No | 3.21x | 100% |
| October 2025 | $32.0M | Current | No | 3.22x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C59 | 15 | $18,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2021-C9 | 15 | $14,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1888 Century Park East | Los Angeles, CA | Office | $200.0M | 2.641% | Dec 2031 | 3.24x | 70% | Current |
| Hilton Waterfront Beach Resort | Huntington Beach, CA | Hotel | $127.0M | 6.107% | Mar 2031 | n/a | n/a | Current |
| Glendale Fashion Center | Glendale, CA | Retail | $100.0M | 6.518% | Jul 2031 | n/a | n/a | Current |
| Freeway Business Park | Long Beach, CA | Office | $95.0M | 6.024% | Mar 2031 | n/a | n/a | Current |
| La Habra Marketplace | La Habra, CA | Retail | $95.0M | 3.70% | Dec 2031 | 2.67x | 99% | Current |
| Plaza La Cienega | Los Angeles, CA | Mixed use | $90.0M | 3.49% | Oct 2031 | n/a | n/a | Current |
| Chateau Marmont | Los Angeles, CA | Hotel | $65.0M | 6.51% | Apr 2031 | n/a | n/a | Current |
| Del Rey Campus | Los Angeles, CA | Office | $65.0M | 6.95% | Mar 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Los Angeles-Long Beach-Anaheim 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.