← BBCMS Mortgage Trust 2021-C12 (segment D01, CIK 1891818) / Loan annex / CMBS market
- Deal
- BBCMS Mortgage Trust 2021-C12 (segment D01, CIK 1891818)
- Current balance
- $33.7M (October 2026)
- Share of deal
- 4.3%
- Status
- not yet reported
- DSCR (latest)
- 1.63
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2031-11-01
Property and terms
| Property | 399 Jefferson Road |
| Address | 399 Jefferson Road; Parsippany, NJ 07054 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 206,155 |
| Year built | 1968 |
| Year last renovated | 2012 |
| Original balance | $37.0M |
| Current balance | $33.7M (October 2026) |
| Share of deal balance | 4.3% |
| Interest rate at origination | 0.04% |
| Current interest rate | 4.19% |
| Origination date | 10-26-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2031-11-01 |
| Prepayment lockout end | 08-31-2031 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | not yet reported |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $54.4M | 08-13-2021 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Remarkable Foods | 103,931 | 04-15-2031 |
| Zimmer Biomet | 102,224 | 07-31-2028 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2021 | $37.0M | Matured balloon, performing | 4.19% | 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 2026 | $33.7M | not yet reported | 4.19% | 1.63 | 1.80 | 100% | $0 | 06-30-2026 | $3.3M | $1.3M | $2.0M | $1.8M |
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.
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 Mortgage Trust 2021-C12 (segment D02, CIK 1891818).
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.