Multifamily · Kingsland, Georgia
Willow Way Apartments
Willow Way Apartments is financed with a $2.9M CMBS loan at 3.75% that reaches maturity on August 6, 2031, in 4 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,906,564
- Original balance (same notes)
- $3,350,000
- Interest rate
- 3.75% fixed
- Originated
- July 21, 2021
- Maturity
- August 6, 2031
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- May 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
- 149 North Gross Road, Kingsland, GA 31558
- Units, rooms or beds
- 61
- Built
- 1985, renovated 2019
- Value at securitization
- $5.7M (Jun 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.63x | 1.87x |
| Occupancy | 100% | 95% |
| Net operating income (annualized from 6 months) | $337K | $391K |
| Debt yield | 13.4% |
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
- Occupancy has fallen from 100% when the loan was securitized to 95%.
- Net operating income is 16% above the underwritten figure ($391K a year against $337K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.63x at securitization to 1.87x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.9M | Current | No | 1.87x | 95% |
| August 2026 | $2.9M | Current | No | 1.87x | 95% |
| July 2026 | $2.9M | Current | No | 1.87x | 95% |
| June 2026 | $2.9M | Current | No | 1.87x | 95% |
| May 2026 | $2.9M | Current | No | 1.87x | 95% |
| April 2026 | $2.9M | Current | No | 1.86x | 93% |
| March 2026 | $3.0M | Current | No | 1.86x | 93% |
| February 2026 | $3.0M | Current | No | 1.86x | 93% |
| January 2026 | $3.0M | Current | No | 1.86x | 93% |
| December 2025 | $3.0M | Current | No | 1.86x | 93% |
| November 2025 | $3.0M | Current | No | 1.86x | 93% |
| October 2025 | $3.0M | Current | No | 1.90x | 87% |
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 | 79 | $2,906,564 | Sep 2026 | SEC filing, September 29, 2026 |
Other Georgia loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mountain Industrial Portfolio | Locust Grove, GA | Industrial | $337.5M | 5.097% | May 2031 | n/a | n/a | Current |
| Project Broadview - Social Circle Warehouse | Social Circle, GA | Industrial | $155.0M | 5.84% | Jan 2031 | n/a | n/a | Current |
| Marriott Savannah Riverfront | Savannah, GA | Hotel | $101.4M | 6.90% | Apr 2031 | n/a | n/a | Current |
| Springlake | Warner Robins, GA | Manufactured housing | $80.0M | 6.02% | May 2031 | n/a | n/a | Current |
| Northwest Atlanta Industrial Portfolio | GA | Other | $49.0M | 6.57% | Jun 2031 | n/a | n/a | Current |
| The Jax | Monroe, GA | Multifamily | $43.5M | 6.17% | Sep 2031 | n/a | n/a | Current |
| Compass Self Storage - Conyers | Conyers, GA | Self storage | $41.0M | 3.66% | May 2031 | n/a | n/a | Current |
| U-Haul SAC Atlanta | Atlanta, GA | Self storage | $34.1M | 2.692% | Jul 2031 | 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.