Office · Savannah, Georgia
Stephenson Medical Office Park
Stephenson Medical Office Park is financed with a $5.4M CMBS loan at 3.84% that reaches maturity on November 1, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,400,000
- Original balance (same notes)
- $5,400,000
- Interest rate
- 3.84% fixed
- Originated
- October 22, 2021
- Maturity
- November 1, 2031
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 613-617 Stephenson Avenue, Savannah, GA 31405
- Metro
- Savannah, GA
- Rentable area
- 29,822 sq ft
- Built
- 2003, renovated 2007
- Largest tenants
- Consultants in Pain Medicine; Jubilant Draximage; American Oncology Partners
- Value at securitization
- $8.6M (Sep 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 3.24x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $684K |
| Debt yield | 12.7% |
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.
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
- The filing gives May 2031 as the lease end date for the largest tenant (Consultants in Pain Medicine), 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 | $5.4M | Not reported | No | 3.24x | 100% |
| August 2026 | $5.4M | Not reported | No | 3.24x | 100% |
| July 2026 | $5.4M | Not reported | No | 2.67x | 100% |
| June 2026 | $5.4M | Not reported | No | 2.67x | 100% |
| May 2026 | $5.4M | Not reported | No | 2.67x | 100% |
| April 2026 | $5.4M | Not reported | No | 2.52x | 100% |
| March 2026 | $5.4M | Not reported | No | 2.50x | 100% |
| February 2026 | $5.4M | Not reported | No | 2.50x | 100% |
| January 2026 | $5.4M | Not reported | No | 2.50x | 100% |
| December 2025 | $5.4M | Not reported | No | 2.50x | 100% |
| November 2025 | $5.4M | Not reported | No | 2.71x | 100% |
| October 2025 | $5.4M | Not reported | No | 2.71x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2021-C12 | 55 | $5,400,000 | 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 |
| Savannah Crossings I | Savannah, GA | Retail | $5.6M | 3.65% | Aug 2031 | 1.05x | 49% | 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.