Office · Orlando, Florida
University Corporate Center
University Corporate Center is financed with a $14.5M CMBS loan at 5.94% that reaches maturity on October 6, 2027, in 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,500,000
- Original balance (same notes)
- $14,500,000
- Interest rate
- 5.94% fixed
- Originated
- October 3, 2022
- Maturity
- October 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2027
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently April 20, 2026
- Defeasance
- Partly defeased
The property
- Address
- 3501 Quadrangle Boulevard, Orlando, FL 32817
- Metro
- Orlando-Kissimmee-Sanford, FL
- Rentable area
- 126,291 sq ft
- Built
- 1999, renovated 2022
- Largest tenants
- TOPDesk USA, Inc; Design Interactive, Inc.; Allen Lund Company, LLC
- Value at securitization
- $26.1M (Sep 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.12x | 1.42x |
| Occupancy | 89% | 52% |
| Net operating income | $1.8M | $714K |
| Debt yield | 4.9% |
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 3650R 2022-PF2 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Modified
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 89% when the loan was securitized to 52%.
- Net operating income is 61% below the underwritten figure ($714K a year against $1.8M).
- Debt service coverage moved from 2.12x at securitization to 1.42x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.5M | Current | No | 1.42x | 52% |
| August 2026 | $14.5M | Current | No | 1.42x | 52% |
| July 2026 | $14.5M | Current | No | 1.38x | 52% |
| June 2026 | $14.5M | Current | No | 1.38x | 52% |
| May 2026 | $14.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $14.5M | Current | No | 1.46x | 52% |
| March 2026 | $14.5M | Current | No | 1.46x | 52% |
| February 2026 | $14.5M | Current | No | 1.46x | 52% |
| January 2026 | $14.5M | Current | No | 2.07x | 47% |
| December 2025 | $14.5M | Current | No | 2.07x | 47% |
| November 2025 | $14.5M | Current | No | 2.07x | 47% |
| October 2025 | $14.5M | Current | No | 2.56x | 47% |
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 |
|---|---|---|---|---|
| 3650R 2022-PF2 Commercial Mortgage Trust | 21 | $14,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Orlando-Kissimmee-Sanford loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lexington | Orlando, FL | Office | $34.5M | 5.52% | Jan 2027 | 2.29x | 87% | Current |
| Doubletree Orlando | Orlando, FL | Hotel | $22.7M | 4.748% | Sep 2027 | 1.34x | 64% | With the special servicer and 60-89 days delinquent |
| Sheraton Orlando North Fee | Maitland, FL | Other | $10.5M | 3.92% | Jul 2027 | 2.36x | 100% | Current |
| Sheraton- Orlando North | Maitland, FL | Hotel | $10.2M | 5.353% | Jul 2027 | n/a | n/a | Current |
| Residence Inn Orlando East Ucf | Orlando, FL | Hotel | $10.0M | 5.21% | Feb 2027 | 1.60x | 76% | Current |
| Towne Center Shoppes | Oviedo, FL | Retail | $9.7M | 4.656% | Apr 2027 | n/a | n/a | Current |
| CVS - South Orange | Orlando, FL | Retail | $6.6M | 6.064% | Jun 2027 | n/a | n/a | Current |
| Main Street Square | Fern Park, FL | Retail | $6.1M | 4.69% | May 2027 | n/a | n/a | Current |
All loans maturing in 2027 · All Orlando-Kissimmee-Sanford 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.