Office · Jacksonville, Florida
Sunbeam and Bowden
Sunbeam and Bowden is financed with a $18.5M CMBS loan at 6.875% that reaches maturity on June 5, 2030, in 3 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $18,500,000
- Original balance (same notes)
- $18,500,000
- Interest rate
- 6.875% fixed
- Originated
- May 15, 2025
- Maturity
- June 5, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 4, 2029
- Master servicer
- Midland
- Originator
- 3650 Capital SCF LOE I(A), LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4949 Sunbeam Road, Jacksonville, FL 32257
- Metro
- Jacksonville, FL
- Rentable area
- 177,832 sq ft
- Built
- 1984, renovated 2024
- Largest tenants
- Rearden Manufacturing Group LLC; North Florida Courier Inc; Tigr Holdings Inc dba Pro Source of Jacksonville
- Value at securitization
- $29.6M (Apr 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 1.65x |
| Occupancy | 93% | 90% |
| Net operating income | $2.0M | $2.1M |
| Debt yield | 11.5% |
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 2025-5C37 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 6% above the underwritten figure ($2.1M a year against $2.0M).
- The filing gives May 2029 as the lease end date for the largest tenant (Rearden Manufacturing Group LLC), 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 | $18.5M | Current | No | 1.65x | 90% |
| August 2026 | $18.5M | Current | No | n/a | n/a |
| July 2026 | $18.5M | Current | No | n/a | n/a |
| June 2026 | $18.5M | Current | No | n/a | n/a |
| May 2026 | $18.5M | Current | No | n/a | n/a |
| April 2026 | $18.5M | Current | No | 1.54x | 94% |
| March 2026 | $18.5M | Current | No | 1.54x | 94% |
| February 2026 | $18.5M | Current | No | 1.54x | 94% |
| January 2026 | $18.5M | Current | No | 1.54x | 94% |
| December 2025 | $18.5M | Current | No | n/a | n/a |
| November 2025 | $18.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| October 2025 | $18.5M | Current | No | n/a | n/a |
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 2025-5C37 | 16 | $18,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Jacksonville loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Residence Inn - Amelia Island | Fernandina Beach, FL | Hotel | $19.4M | 4.236% | Feb 2030 | 1.61x | 79% | Current |
| Midgard Jacksonville | Jacksonville, FL | Self storage | $10.5M | 3.817% | Feb 2030 | n/a | n/a | Current |
| Sunny Oaks and the Reserve Rv Park | Jacksonville, FL | Manufactured housing | $5.7M | 7.29% | Jun 2030 | 1.45x | 52% | Current |
| a1a Stow-A-Way Self Storage | Yulee, FL | Self storage | $2.8M | 3.91% | Jul 2030 | 3.97x | 94% | 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.