DEFEASED Wolf Bay MHC (and 6 more properties) (BBCMS Mortgage Trust 2021-C12)

Property, terms, monthly financial history and surveillance record for a loan in BBCMS Mortgage Trust 2021-C12.

Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-01

← BBCMS Mortgage Trust 2021-C12 · Loan annex · CMBS market

Deal: BBCMS Mortgage Trust 2021-C12
Current balance: $6.5M (June 2026)
Share of deal: not yet reported
Status: not yet reported
DSCR (latest): not yet reported
Occupancy (latest): not yet reported
Scheduled maturity: 2026-11-01

Property and terms

Property	DEFEASED Wolf Bay MHC (and 6 more properties)
Address	not yet reported
Property type	SE
Units, beds or keys	["45", "83", "34", "43", "46", "36", "38"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$7.0M
Current balance	$6.5M (June 2026)
Share of deal balance	not yet reported
Interest rate at origination	5.05%
Current interest rate	5.05%
Origination date	10-26-2021
Original term	60 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2026-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	Yes

Valuation

Basis	Amount	Date	Source (as filed)
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"]

Monthly history

Month	Balance	Status	Rate	DSCR (NCF)	DSCR (NOI)	Occupancy	Advances	Financial period end	Revenue	Expenses	NOI	NCF
November 2021	$7.0M	Matured balloon, performing	5.05%	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
December 2021	$7.0M	not yet reported	5.05%	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
January 2022	$7.0M	not yet reported	5.05%	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
February 2022	$7.0M	not yet reported	5.05%	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
March 2022	$7.0M	not yet reported	5.05%	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 2022	$7.0M	not yet reported	5.05%	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
May 2022	$7.0M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021"]	not yet reported	not yet reported	not yet reported	not yet reported
June 2022	$7.0M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021"]	not yet reported	not yet reported	not yet reported	not yet reported
July 2022	$6.9M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021"]	not yet reported	not yet reported	not yet reported	not yet reported
August 2022	$6.9M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021"]	not yet reported	not yet reported	not yet reported	not yet reported
September 2022	$6.9M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021", "12-31-2021"]	not yet reported	not yet reported	not yet reported	not yet reported
October 2022	$6.9M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"]	not yet reported	not yet reported	not yet reported	not yet reported
November 2022	$6.9M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"]	not yet reported	not yet reported	not yet reported	not yet reported
December 2022	$6.9M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"]	not yet reported	not yet reported	not yet reported	not yet reported
January 2023	$6.9M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"]	not yet reported	not yet reported	not yet reported	not yet reported
February 2023	$6.9M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"]	not yet reported	not yet reported	not yet reported	not yet reported
March 2023	$6.9M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2022", "12-31-2022", "12-31-2022", "12-31-2022", "12-31-2022", "12-31-2022", "12-31-2022"]	not yet reported	not yet reported	not yet reported	not yet reported
April 2023	$6.9M	not yet reported	5.05%	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
May 2023	$6.9M	not yet reported	5.05%	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
June 2023	$6.9M	Matured balloon, non-performing	5.05%	not yet reported	not yet reported	not yet reported	$37,794	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
July 2023	$6.9M	Matured balloon, non-performing	5.05%	not yet reported	not yet reported	not yet reported	$37,797	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
August 2023	$6.9M	30-59 days delinquent	5.05%	not yet reported	not yet reported	not yet reported	$75,591	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
September 2023	$6.8M	30-59 days delinquent	5.05%	not yet reported	not yet reported	not yet reported	$75,589	["06-30-2023", "06-30-2023", "06-30-2023", "06-30-2023", "06-30-2023", "06-30-2023", "06-30-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
October 2023	$6.8M	30-59 days delinquent	5.05%	not yet reported	not yet reported	not yet reported	$75,591	["06-30-2023", "06-30-2023", "06-30-2023", "06-30-2023", "06-30-2023", "06-30-2023", "06-30-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
November 2023	$6.8M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
December 2023	$6.8M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
January 2024	$6.8M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
February 2024	$6.8M	Matured balloon, non-performing	5.05%	not yet reported	not yet reported	not yet reported	$37,795	["09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
March 2024	$6.8M	30-59 days delinquent	5.05%	not yet reported	not yet reported	not yet reported	$75,595	["12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
April 2024	$6.8M	Matured balloon, non-performing	5.05%	not yet reported	not yet reported	not yet reported	$37,795	["12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
May 2024	$6.8M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
June 2024	$6.8M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
July 2024	$6.7M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
August 2024	$6.7M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
September 2024	$6.7M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023", "12-31-2023"]	not yet reported	not yet reported	not yet reported	not yet reported
October 2024	$6.7M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["06-30-2024", "06-30-2024", "06-30-2024", "06-30-2024", "06-30-2024", "06-30-2024", "06-30-2024"]	not yet reported	not yet reported	not yet reported	not yet reported
November 2024	$6.7M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["09-30-2024", "06-30-2024", "06-30-2024", "06-30-2024", "06-30-2024", "06-30-2024", "06-30-2024"]	not yet reported	not yet reported	not yet reported	not yet reported
December 2024	$6.7M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["09-30-2024", "09-30-2024", "09-30-2024", "09-30-2024", "09-30-2024", "09-30-2024", "09-30-2024"]	not yet reported	not yet reported	not yet reported	not yet reported
January 2025	$6.7M	Matured balloon, non-performing	5.05%	not yet reported	not yet reported	not yet reported	$37,796	["09-30-2024", "09-30-2024", "09-30-2024", "09-30-2024", "09-30-2024", "09-30-2024", "09-30-2024"]	not yet reported	not yet reported	not yet reported	not yet reported
February 2025	$6.7M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024"]	not yet reported	not yet reported	not yet reported	not yet reported
March 2025	$6.7M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024"]	not yet reported	not yet reported	not yet reported	not yet reported
April 2025	$6.7M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024"]	not yet reported	not yet reported	not yet reported	not yet reported
May 2025	$6.7M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024"]	not yet reported	not yet reported	not yet reported	not yet reported
June 2025	$6.6M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024"]	not yet reported	not yet reported	not yet reported	not yet reported
July 2025	$6.6M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024", "12-31-2024"]	not yet reported	not yet reported	not yet reported	not yet reported
August 2025	$6.6M	Matured balloon, non-performing	5.05%	not yet reported	not yet reported	not yet reported	$37,808	["06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025"]	not yet reported	not yet reported	not yet reported	not yet reported
September 2025	$6.6M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025"]	not yet reported	not yet reported	not yet reported	not yet reported
October 2025	$6.6M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025"]	not yet reported	not yet reported	not yet reported	not yet reported
November 2025	$6.6M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025"]	not yet reported	not yet reported	not yet reported	not yet reported
December 2025	$6.6M	not yet reported	5.05%	not yet reported	not yet reported	not yet reported	$0	["09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025"]	not yet reported	not yet reported	not yet reported	not yet reported
January 2026	$6.6M	not yet reported	5.05%	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
February 2026	$6.6M	not yet reported	5.05%	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
March 2026	$6.6M	not yet reported	5.05%	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 2026	$6.5M	not yet reported	5.05%	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
May 2026	$6.5M	not yet reported	5.05%	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
June 2026	$6.5M	not yet reported	5.05%	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

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
August 2023	First reported 30 or more days delinquent
2026-01-12	Defeasance recorded (first filing showing defeased status)

Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.