Hotel · Moab, Utah
Sorrel River Ranch
Sorrel River Ranch is financed with a $19.0M CMBS loan at 4.018% that reaches maturity on November 6, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $19,000,000
- Original balance (same notes)
- $19,000,000
- Interest rate
- 4.018% fixed
- Originated
- October 29, 2021
- Maturity
- November 6, 2031
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- Mile 17 UT 128, Moab, UT 84532
- Units, rooms or beds
- 56
- Built
- 1999
- Value at securitization
- $42.0M (Oct 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.87x |
| Occupancy | 42% | 25% |
| Net operating income | n/a | $1.4M |
| Debt yield | 7.6% |
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-C12 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points 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 42% when the loan was securitized to 25%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $19.0M | Late payment but less than 30 days delinquent | No | 1.87x | 25% |
| August 2026 | $19.0M | Not reported | No | 1.87x | 25% |
| July 2026 | $19.0M | Not reported | No | 1.77x | 14% |
| June 2026 | $19.0M | Not reported | No | 1.77x | 14% |
| May 2026 | $19.0M | Not reported | No | 1.59x | 16% |
| April 2026 | $19.0M | Not reported | No | 1.59x | 19% |
| March 2026 | $19.0M | Not reported | No | 1.67x | 19% |
| February 2026 | $19.0M | Not reported | No | 1.67x | 19% |
| January 2026 | $19.0M | Not reported | No | 1.67x | 19% |
| December 2025 | $19.0M | Not reported | No | 1.67x | 19% |
| November 2025 | $19.0M | Not reported | No | 1.35x | 19% |
| October 2025 | $19.0M | Not reported | No | 1.35x | 19% |
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-C12 | 20 | $19,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Utah loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vista Station 6 | Draper, UT | Office | $31.6M | 3.554% | Apr 2031 | 3.43x | 100% | Current |
| Courtside Apartments | Orem, UT | Multifamily | $26.7M | 3.99% | Dec 2031 | 1.88x | 100% | Current |
| Lake Pointe Corporate Centre | West Valley City, UT | Office | $25.3M | 2.966% | Sep 2031 | 1.78x | 50% | Current |
| 605 Place Student Housing | St. George, UT | Multifamily | $20.8M | 3.40% | Aug 2031 | 2.71x | 73% | Current |
| Raymond Center | Logan, UT | Retail | $16.8M | 6.61% | Mar 2031 | n/a | n/a | Current |
| Urban Grove | Pleasant Grove, UT | Office | $16.0M | 3.575% | Jul 2031 | 2.72x | 100% | Current |
| Zions Bank | Provo, UT | Office | $13.6M | 3.20% | Sep 2031 | -1.35x | 45% | Late, less than 30 days |
| Springhill Suites Vernal | UT | Hotel | $10.5M | 7.024% | Aug 2031 | 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.