Retail · San Antonio, Texas
Westgate Shopping Center, San Antonio
Westgate Shopping Center is financed with a $6.5M CMBS loan at 4.06% that reaches maturity on September 6, 2031, in 4 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,540,776
- Original balance (same notes)
- $7,200,000
- Interest rate
- 4.06% fixed
- Originated
- August 27, 2021
- Maturity
- September 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 5, 2031
- Master servicer
- Trimont LLC
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7311-7327 San Pedro Avenue, San Antonio, TX 78216
- Metro
- San Antonio-New Braunfels, TX
- Rentable area
- 47,331 sq ft
- Built
- 1965, renovated 2018
- Largest tenants
- Guitar Center stores Inc.; Boss Nail Bar LLC; ZivAsh Ventures dba Dr.Phonez
- Value at securitization
- $10.4M (Jul 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.83x | 2.04x |
| Occupancy | 100% | 98% |
| Net operating income (annualized from 3 months) | $762K | $861K |
| Debt yield | 13.2% |
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 2021-C11 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 13% above the underwritten figure ($861K a year against $762K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.83x at securitization to 2.04x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.5M | Current | No | 2.04x | 98% |
| August 2026 | $6.6M | Current | No | 2.04x | 98% |
| July 2026 | $6.6M | Current | No | 2.04x | 98% |
| June 2026 | $6.6M | Current | No | 1.56x | 100% |
| May 2026 | $6.6M | Current | No | 1.56x | 100% |
| April 2026 | $6.6M | Current | No | 1.56x | 100% |
| March 2026 | $6.6M | Current | No | 1.85x | 100% |
| February 2026 | $6.6M | Current | No | 1.85x | 100% |
| January 2026 | $6.6M | Current | No | 1.85x | 100% |
| December 2025 | $6.6M | Current | No | 1.96x | 92% |
| November 2025 | $6.7M | Current | No | 1.96x | 92% |
| October 2025 | $6.7M | Current | No | 1.96x | 92% |
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 2021-C11 | 39 | $6,540,776 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Antonio-New Braunfels loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Park North | San Antonio, TX | Retail | $83.4M | 5.923% | Jan 2031 | n/a | n/a | Current |
| Aviator at Brooks | San Antonio, TX | Multifamily | $29.8M | 6.19% | Feb 2031 | n/a | n/a | Current |
| New Braunfels Market Place | New Braunfels, TX | Retail | $23.4M | 3.17% | Sep 2031 | 5.55x | 94% | Current |
| Residence Inn Property | San Antonio, TX | Hotel | $19.8M | 7.513% | Jan 2031 | n/a | n/a | Late, less than 30 days |
| The Mosaic | San Antonio, TX | Multifamily | $15.0M | 3.25% | Sep 2031 | 1.59x | 83% | Current |
| Accenture San Antonio | San Antonio, TX | Office | $14.8M | 3.17% | Jun 2031 | 3.49x | 100% | Current |
| Triangle Shopping Center, Universal City | Universal City, TX | Retail | $11.2M | 3.829% | Nov 2031 | 2.62x | 100% | Current |
| Aggie Business Park | New Braunfels, TX | Industrial | $10.7M | 6.126% | Jan 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All San Antonio-New Braunfels 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.