Multifamily · Salt Lake City, Utah
University Gardens
University Gardens is financed with a $12.8M CMBS loan at 4.84% that reaches maturity on July 6, 2035, in 8 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,800,000
- Original balance (same notes)
- $12,800,000
- Interest rate
- 4.84% fixed
- Originated
- June 24, 2025
- Maturity
- July 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2035
- Master servicer
- Midland
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1151 East 100 South, Salt Lake City, UT 84102
- Metro
- Salt Lake City-Murray, UT
- Units, rooms or beds
- 193
- Built
- 1947, renovated 2017
- Value at securitization
- $26.2M (Apr 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.17x | n/a |
| Occupancy | 96% | n/a |
| Net operating income | $1.4M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2025-C35 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.8M | Current | No | n/a | n/a |
| August 2026 | $12.8M | Current | No | n/a | n/a |
| July 2026 | $12.8M | Current | No | n/a | n/a |
| June 2026 | $12.8M | Current | No | n/a | n/a |
| May 2026 | $12.8M | Current | No | n/a | n/a |
| April 2026 | $12.8M | Current | No | 1.99x | 98% |
| March 2026 | $12.8M | Current | No | 1.99x | 98% |
| February 2026 | $12.8M | Current | No | n/a | n/a |
| January 2026 | $12.8M | Current | No | n/a | n/a |
| December 2025 | $12.8M | Current | No | n/a | n/a |
| November 2025 | $12.8M | Current | No | n/a | n/a |
| October 2025 | $12.8M | Late payment but less than 30 days delinquent | 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-C35 | 18 | $12,800,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Salt Lake City-Murray loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Daybreak Corporate Center | South Jordan, UT | Office | $26.6M | 6.35% | Oct 2035 | 2.28x | 100% | Current |
| Park Lane Senior Living | Salt Lake City, UT | Multifamily | $13.5M | 6.04% | Dec 2035 | 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.