← BBCMS Mortgage Trust 2021-C11 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2021-C11
- Current balance
- $15.4M (September 2026)
- Share of deal
- 1.7%
- Status
- 90+ days delinquent
- DSCR (latest)
- 0.84
- Occupancy (latest)
- 52%
- Scheduled maturity
- 2029-12-06
Property and terms
| Property | Wyndham National Hotel Portfolio |
| Address | not yet reported |
| Property type | Lodging |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $20.0M |
| Current balance | $15.4M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 0.05% |
| Current interest rate | 4.85% |
| Origination date | 11-27-2019 |
| Original term | 120 months |
| Amortization term | 270 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2029-12-06 |
| Prepayment lockout end | 01-05-2022 |
| Yield maintenance end | 09-05-2029 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $215.0M | 08-01-2019 | MAI |
| Most recent reported | $139.2M | 2026-08-01 | MAI |
Change from securitization to the most recent reported valuation: -35.3%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 2021 | $19.1M | Current | 4.85% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2021 | $19.1M | Current | 4.85% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2021 | $19.0M | Current | 4.85% | 1.63 | 1.87 | 55% | $0 | 09-30-2021 | $64.5M | $44.6M | $19.9M | $17.3M |
| December 2021 | $19.0M | Current | 4.85% | 1.63 | 1.87 | 55% | $0 | 09-30-2021 | $64.5M | $44.6M | $19.9M | $17.3M |
| January 2022 | $19.0M | Current | 4.85% | 1.63 | 1.87 | 55% | $0 | 09-30-2021 | $64.5M | $44.6M | $19.9M | $17.3M |
| February 2022 | $18.9M | Current | 4.85% | 1.70 | 1.96 | 56% | $0 | 12-31-2021 | $66.6M | $45.9M | $20.7M | $18.1M |
| March 2022 | $18.9M | Current | 4.85% | 1.70 | 1.96 | 56% | $0 | 12-31-2021 | $66.6M | $45.9M | $20.7M | $18.1M |
| April 2022 | $18.8M | Current | 4.85% | 1.70 | 1.96 | 56% | $0 | 12-31-2021 | $66.6M | $45.9M | $20.7M | $18.1M |
| May 2022 | $18.8M | Current | 4.85% | 1.70 | 1.96 | 56% | $0 | 12-31-2021 | $66.6M | $45.9M | $20.7M | $18.1M |
| June 2022 | $18.7M | Current | 4.85% | 1.65 | 1.90 | 57% | $0 | 03-31-2022 | $67.5M | $47.3M | $20.2M | $17.5M |
| July 2022 | $18.7M | Current | 4.85% | 1.65 | 1.90 | 57% | $0 | 03-31-2022 | $67.5M | $47.3M | $20.2M | $17.5M |
| August 2022 | $18.6M | Current | 4.85% | 1.68 | 1.94 | 56% | $0 | 06-30-2022 | $69.0M | $48.5M | $20.6M | $17.8M |
| September 2022 | $18.6M | Current | 4.85% | 1.68 | 1.94 | 56% | $0 | 06-30-2022 | $69.0M | $48.5M | $20.6M | $17.8M |
| October 2022 | $18.6M | Current | 4.85% | 1.68 | 1.94 | 56% | $0 | 06-30-2022 | $69.0M | $48.5M | $20.6M | $17.8M |
| November 2022 | $18.5M | Current | 4.85% | 1.60 | 1.87 | 56% | $0 | 09-30-2022 | $69.4M | $49.6M | $19.8M | $17.0M |
| December 2022 | $18.5M | Current | 4.85% | 1.60 | 1.87 | 56% | $0 | 09-30-2022 | $69.4M | $49.6M | $19.8M | $17.0M |
| January 2023 | $18.4M | Current | 4.85% | 1.60 | 1.87 | 56% | $0 | 09-30-2022 | $69.4M | $49.6M | $19.8M | $17.0M |
| February 2023 | not yet reported | Current | 4.85% | 1.60 | 1.87 | 56% | $0 | 09-30-2022 | $69.4M | $49.6M | $19.8M | $17.0M |
| March 2023 | $18.3M | Current | 4.85% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2023 | $18.3M | Current | 4.85% | 1.49 | 1.75 | 56% | $0 | 12-31-2022 | $69.7M | $51.2M | $18.5M | $15.7M |
| May 2023 | $18.2M | Current | 4.85% | 1.49 | 1.75 | 56% | $0 | 12-31-2022 | $69.7M | $51.2M | $18.5M | $15.7M |
| June 2023 | $18.2M | Current | 4.85% | 1.47 | 1.73 | 55% | $0 | 03-31-2023 | $70.9M | $52.5M | $18.4M | $15.5M |
| July 2023 | $18.1M | Current | 4.85% | 1.47 | 1.73 | 55% | $0 | 03-31-2023 | $70.9M | $52.5M | $18.4M | $15.5M |
| August 2023 | $18.1M | Current | 4.85% | 1.42 | 1.70 | 56% | $0 | 06-30-2023 | $71.9M | $54.0M | $18.0M | $15.1M |
| September 2023 | $18.0M | Current | 4.85% | 1.42 | 1.70 | 56% | $0 | 06-30-2023 | $71.9M | $54.0M | $18.0M | $15.1M |
| October 2023 | $18.0M | Current | 4.85% | 1.42 | 1.70 | 56% | $0 | 06-30-2023 | $71.9M | $54.0M | $18.0M | $15.1M |
| November 2023 | $17.9M | Current | 4.85% | 1.53 | 1.81 | 59% | $0 | 09-30-2023 | $74.0M | $54.7M | $19.2M | $16.3M |
| December 2023 | $17.9M | Current | 4.85% | 1.53 | 1.81 | 59% | $0 | 09-30-2023 | $74.0M | $54.7M | $19.2M | $16.3M |
| January 2024 | $17.8M | Current | 4.85% | 1.53 | 1.81 | 59% | $0 | 09-30-2023 | $74.0M | $54.7M | $19.2M | $16.3M |
| February 2024 | $17.8M | Current | 4.85% | 1.56 | 1.84 | 58% | $0 | 12-31-2023 | $74.9M | $55.4M | $19.6M | $16.6M |
| March 2024 | $17.7M | Current | 4.85% | 1.56 | 1.84 | 58% | $0 | 12-31-2023 | $74.9M | $55.4M | $19.6M | $16.6M |
| April 2024 | $17.7M | Current | 4.85% | 1.56 | 1.84 | 58% | $0 | 12-31-2023 | $74.9M | $55.4M | $19.6M | $16.6M |
| May 2024 | $17.7M | Matured balloon, non-performing | 4.85% | 1.56 | 1.84 | 58% | $121,798 | 12-31-2023 | $74.9M | $55.4M | $19.6M | $16.6M |
| June 2024 | $17.6M | Current | 4.85% | 1.58 | 1.87 | 58% | $0 | 03-31-2024 | $75.3M | $55.5M | $19.8M | $16.8M |
| July 2024 | $17.5M | Current | 4.85% | 1.58 | 1.87 | 58% | $0 | 03-31-2024 | $75.3M | $55.5M | $19.8M | $16.8M |
| August 2024 | $17.5M | Matured balloon, non-performing | 4.85% | 1.58 | 1.87 | 58% | $121,797 | 03-31-2024 | $75.3M | $55.5M | $19.8M | $16.8M |
| September 2024 | $17.5M | Current | 4.85% | 1.58 | 1.87 | 58% | $0 | 03-31-2024 | $75.3M | $55.5M | $19.8M | $16.8M |
| October 2024 | $17.4M | Current | 4.85% | 1.58 | 1.87 | 58% | $0 | 03-31-2024 | $75.3M | $55.5M | $19.8M | $16.8M |
| November 2024 | $16.8M | Current | 4.85% | 1.17 | 1.44 | 51% | $0 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| December 2024 | $16.7M | Current | 4.85% | 1.17 | 1.44 | 51% | $0 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| January 2025 | $16.6M | Current | 4.85% | 1.17 | 1.44 | 51% | $0 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| February 2025 | $16.6M | Matured balloon, non-performing | 4.85% | 1.17 | 1.44 | 51% | $121,803 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| March 2025 | $16.5M | Current | 4.85% | 1.17 | 1.44 | 51% | $0 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| April 2025 | $16.5M | Matured balloon, non-performing | 4.85% | 1.17 | 1.44 | 51% | $121,803 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| May 2025 | $16.1M | 30-59 days delinquent | 4.85% | 1.17 | 1.44 | 51% | $245,864 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| June 2025 | $16.1M | 60-89 days delinquent | 4.85% | 1.17 | 1.44 | 51% | $367,703 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| July 2025 | $15.9M | Matured balloon, non-performing | 4.85% | 1.17 | 1.44 | 51% | $124,046 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| August 2025 | $15.7M | Current | 4.85% | 1.17 | 1.44 | 51% | $0 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| September 2025 | $15.7M | Current | 4.85% | 1.17 | 1.44 | 51% | $0 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| October 2025 | $15.7M | Matured balloon, non-performing | 4.85% | 1.17 | 1.44 | 51% | $121,821 | 06-30-2024 | $36.7M | $29.1M | $7.7M | $6.2M |
| November 2025 | $15.5M | Current | 4.85% | 0.84 | 1.11 | 52% | $0 | 06-30-2025 | $34.5M | $28.6M | $5.9M | $4.5M |
| December 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $15.5M | 30-59 days delinquent | 4.85% | 0.84 | 1.11 | 52% | $243,645 | 06-30-2025 | $34.5M | $28.6M | $5.9M | $4.5M |
| February 2026 | $15.5M | 60-89 days delinquent | 4.85% | 0.84 | 1.11 | 52% | $365,468 | 06-30-2025 | $34.5M | $28.6M | $5.9M | $4.5M |
| March 2026 | $15.5M | 90+ days delinquent | 4.85% | 0.84 | 1.11 | 52% | $427,302 | 06-30-2025 | $34.5M | $28.6M | $5.9M | $4.5M |
| April 2026 | $15.5M | 90+ days delinquent | 4.85% | 0.84 | 1.11 | 52% | $549,126 | 06-30-2025 | $34.5M | $28.6M | $5.9M | $4.5M |
| May 2026 | $15.5M | 90+ days delinquent | 4.85% | 0.84 | 1.11 | 52% | $670,949 | 06-30-2025 | $34.5M | $28.6M | $5.9M | $4.5M |
| June 2026 | $15.5M | 90+ days delinquent | 4.85% | 0.84 | 1.11 | 52% | $724,991 | 06-30-2025 | $34.5M | $28.6M | $5.9M | $4.5M |
| July 2026 | $15.5M | 90+ days delinquent | 4.85% | 0.84 | 1.11 | 52% | $974,445 | 06-30-2025 | $34.5M | $28.6M | $5.9M | $4.5M |
| August 2026 | $15.4M | 90+ days delinquent | 4.85% | 0.84 | 1.11 | 52% | $852,030 | 06-30-2025 | $34.5M | $28.6M | $5.9M | $4.5M |
| September 2026 | $15.4M | 90+ days delinquent | 4.85% | 0.84 | 1.11 | 52% | $973,833 | 06-30-2025 | $34.5M | $28.6M | $5.9M | $4.5M |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| 2024-04-30 | Transferred to the special servicer |
| May 2025 | First reported 30 or more days delinquent |
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: BBCMS 2023-C20; BBCMS Mortgage Trust 2021-C10 (segment D01, CIK 1864196); BMO 2022-C1 Mortgage Trust; UBS Commercial Mortgage Trust 2019-C18; Wells Fargo Commercial Mortgage Trust 2021-C61.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.