Office · Jacksonville, Florida
Summit at Southpoint
Summit at Southpoint is financed with a $24.7M CMBS loan at 3.587% that reaches maturity on October 5, 2031, in 4 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $24,674,916
- Original balance (same notes)
- $27,225,000
- Interest rate
- 3.587% fixed
- Originated
- October 5, 2021
- Maturity
- October 5, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- March 4, 2022
- Prepayment premium ends
- August 4, 2031 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Natixis Real Estate Capital LLC
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- Transferred August 6, 2026
- Workout strategy
- Other
- Defeasance
- Partly defeased
The property
- Address
- 6410-6440 South Point Parkway, Jacksonville, FL 32216
- Metro
- Jacksonville, FL
- Rentable area
- 265,190 sq ft
- Built
- 1988, renovated 2020
- Largest tenants
- Keiser University; FSV Payment; IQFIBER
- Value at securitization
- $39.9M (Jul 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.69x | 0.96x |
| Occupancy | 85% | 76% |
| Net operating income (annualized from 3 months) | $2.5M | $1.5M |
| Debt yield | 5.9% |
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 2022-C14 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since August 2026.
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 85% when the loan was securitized to 76%.
- Net operating income is 42% below the underwritten figure ($1.5M a year against $2.5M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.69x at securitization to 0.96x on the latest statements.
- At 0.96x, the property's reported NOI does not cover its debt service.
- The filing gives Jul 2026 as the lease end date for the largest tenant (Keiser University), 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 | $24.7M | 30-59 days delinquent | Yes | 0.96x | 76% |
| August 2026 | $24.7M | Late payment but less than 30 days delinquent | Yes | 0.96x | 76% |
| July 2026 | $24.7M | Current | No | n/a | n/a |
| June 2026 | $24.7M | Current | No | n/a | n/a |
| May 2026 | $24.8M | Current | No | n/a | n/a |
| April 2026 | $24.8M | Current | No | 1.26x | 74% |
| March 2026 | $24.9M | Current | No | 1.26x | 74% |
| February 2026 | $24.9M | Current | No | 1.19x | 74% |
| January 2026 | $25.0M | Current | No | 1.19x | 74% |
| December 2025 | $25.0M | Current | No | 1.19x | 74% |
| November 2025 | $25.1M | Current | No | 1.08x | 76% |
| October 2025 | $25.1M | Current | No | 1.08x | 76% |
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.
Special-servicing history
- Transferred to the special servicer August 6, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C14 | 11 | $24,674,916 | Sep 2026 | SEC filing, September 29, 2026 |
Other Jacksonville loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| St. John's Town Center North | Jacksonville, FL | Retail | $26.0M | 3.45% | Jul 2031 | 2.88x | 100% | Current |
| Hampton Inn & Suites Middleburg | Middleburg, FL | Hotel | $7.7M | 3.87% | Nov 2031 | 3.74x | 83% | Current |
| Springhill Suites Jacksonville | Jacksonville, FL | Hotel | $6.5M | 7.699% | Apr 2031 | n/a | n/a | Current |
| Fleming Island Medical Plaza | Fleming Island, FL | Office | $6.2M | 3.41% | Oct 2031 | 3.19x | 70% | Current |
| Beach Bluff Apartments | Jacksonville, FL | Multifamily | $5.5M | 3.34% | Oct 2031 | 2.62x | 82% | Current |
| Almeda Apartments | Jacksonville, FL | Multifamily | $4.9M | 6.51% | Nov 2031 | n/a | n/a | Current |
| Villas at the Woodlands | Jacksonville, FL | Multifamily | $3.3M | 4.43% | Jul 2031 | 2.29x | 98% | With the special servicer and 90+ days delinquent |
| Discount Mini Storage & Retail | Jacksonville, FL | Mixed use | $2.7M | 4.10% | Jun 2031 | 2.42x | 95% | 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.