Retail · Salem, Oregon
Village East Shopping Center
Village East Shopping Center is financed with a $12.5M CMBS loan at 3.49% that reaches maturity on November 6, 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
- $12,546,503
- Original balance (same notes)
- $13,000,000
- Interest rate
- 3.49% fixed
- Originated
- October 19, 2021
- Maturity
- November 6, 2031
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- January 5, 2024
- Prepayment premium ends
- August 5, 2031 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2225-2265 Lancaster Drive Northeast, Salem, OR 97305
- Rentable area
- 135,477 sq ft
- Built
- 1986, renovated 2015
- Largest tenants
- Ross Dress for Less; LA TAPATIA/FAMTOR INC; Big 5 Corporation
- Value at securitization
- $18.8M (Sep 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.86x | 1.92x |
| Occupancy | 82% | 86% |
| Net operating income (annualized from 6 months) | $1.3M | $1.4M |
| Debt yield | 10.8% |
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 Wells Fargo Commercial Mortgage Trust 2021-C61 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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 risen from 82% when the loan was securitized to 86%.
- The filing gives Jan 2027 as the lease end date for the largest tenant (Ross Dress for Less), 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 | $12.5M | Current | No | 1.92x | 86% |
| August 2026 | $12.6M | Current | No | 2.00x | 82% |
| July 2026 | $12.6M | Current | No | 2.00x | 82% |
| June 2026 | $12.6M | Current | No | 2.00x | 82% |
| May 2026 | $12.6M | Current | No | 1.86x | 82% |
| April 2026 | $12.7M | Current | No | 1.86x | 82% |
| March 2026 | $12.7M | Current | No | 1.85x | 82% |
| February 2026 | $12.7M | Current | No | 1.85x | 82% |
| January 2026 | $12.7M | Current | No | 1.85x | 82% |
| December 2025 | $12.7M | Current | No | 1.85x | 82% |
| November 2025 | $12.8M | Current | No | 1.85x | 82% |
| October 2025 | $12.8M | Current | No | 2.06x | 82% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2021-C61 | 20 | $12,546,503 | Sep 2026 | SEC filing, September 29, 2026 |
Other Oregon loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Holman Riverfront Hotel | Salem, OR | Hotel | $22.5M | 6.45% | Jan 2031 | n/a | n/a | Current |
| Beardsley Building | Salem, OR | Office | $12.5M | 3.345% | Oct 2031 | 2.63x | 81% | 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.