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CMBS dealSpecial servicing active

BBCMS 2021-C12

As of 6/30/2026Source: SEC EDGAR, CIK 1891818
Latest answer
BBCMS 2021-C12 is a CMBS reference page with collateral metrics, transaction parties, filings, fund exposure, and machine-readable facts tied back to source disclosure.
Coverage: 93%Freshness: 9 days
Context brief

Quick Answer

What is BBCMS 2021-C12? A US commercial mortgage-backed security issued November 2021 ($1.0B; 72 loans; 151 properties).

Identifiers: Shelf BBCMS; Series bbcms2021-c12; CIK 1891818.

Unique value: Dealcharts provides computed pool metrics, time-series performance analysis, and cross-deal comparisons not available in raw SEC EDGAR filings.

Sources: SEC EDGAR CIK 1891818.

What it means for you: This is the reported figure - the same for everyone, and it takes no one's side. For what it means from a specific position, email cairn+page@cmdrvl.com and name the CUSIP you hold (or a seat you're sizing up). Cairn tailors the read to your position, with the receipts.

Part of:2021 VintageBBCMS ShelfLNR Partners (Special Servicer)
Machine-readable data: https://dealcharts.org/llm/facts/bbcms2021-c12.json · API docs
Have a question this page didn't answer? Ask Cairn →
On this page:Entities8Metrics34Charts15Macro Context1Fund Holdings4Documents5Analysis & Commentary3

Who's Involved#

Rating AgenciesS&P, Fitch, KBRA
Controlling ClassLD III SUB III, LLC or an affiliate.
Certificate AdministratorComputershare Trust Company, N.A.
Special ServicerLNR Partners
Master ServicerKeyBank National Association
DepositorBarclays Commercial Mortgage Securities
Operating AdvisorPentalpha Surveillance
TrusteeWilmington Trust, National Association

Deal Metrics

Key performance indicators and statistics tracking the deal's current status and history.

Deal Overview

Aggregate Original Loan Amount
Current Trust Amount
Number of Loans
Number of Properties
Average Loan Size

Portfolio Characteristics

Weighted Average Interest Rate
Weighted Average Term
WA DSCR (NCF) at Issuance
WA DSCR (NCF) Current
Original Valuation
Current Valuation

Key Dates

Origination Date
Latest Valuation
Latest Transfer
Latest Return
Latest Modification

Special Servicing Status

Loans in Special Servicing
Special Servicing Balance
Loans Returned to Master
Balance Returned
Avg Time in Special Servicing
Avg Time to Return

Valuation Changes

Updated Valuations
Total Updated Value
Value Change Amount
Value Change Percentage

Modifications

Number of Modifications
Modified Balance

Deal Charts

Charts showing deal performance over time.

Geographic Distribution - BBCMS 2021-C12 - All States
2026-06-30

Fund Exposure#

Source: NPORT-P & related disclosures • 2026-06-25
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
1290 VT DoubleLine Opportunistic Bond Portfolio2026-06-25Search FIGILookup LEIA-5, X-D$1,083,8742026-12-31
iShares Core Universal USD Bond ETF2026-06-26Search FIGILookup LEIA-5$888,8442026-10-31
EQ/Core Plus Bond Portfolio2023-11-27Search FIGILookup LEIA-5$597,8362023-12-31
SIMT Core Fixed Income Fund2026-05-29Search FIGILookup LEIA-5$230,9042026-09-30
Fund NameTranchesIds
1290 VT DoubleLine Opportunistic Bond Portfolio
$1,083,874
2026-12-31		A-5, X-DSearch FIGI
Lookup LEI
iShares Core Universal USD Bond ETF
$888,844
2026-10-31		A-5Search FIGI
Lookup LEI
EQ/Core Plus Bond Portfolio
$597,836
2023-12-31		A-5Search FIGI
Lookup LEI
SIMT Core Fixed Income Fund
$230,904
2026-09-30		A-5Search FIGI
Lookup LEI
4 of 4 funds* Use toggle buttons to sort
* This table is not yet exhaustive. It is a new feature and contains only the funds we have found so far based on the tranche identifiers we know about. We are still working on it!
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
Filings are mapped to tranches/deals with normalized identifiers.Quality & lineageFund not listed or misattributed? Contact us at support@cmdrvl.com to ensure accurate exposure mapping.

Provenance & Documents

Issuance → amendments → reports. Tap to view on SEC.
2026-06-30
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2021-11-30
Final Prospectus
Document filing with updated information.
View on SEC →
2021-11-09
Preliminary Prospectus
Document filing with updated information.
View on SEC →
2021-11-08
Final Termsheet
Document filing with updated information.
View on SEC →
2021-11-08
Annex A
Document filing with updated information.
View on SEC →

Context & Commentary#

This deal is tagged for AI-industry / data-center exposure (Data Center). See the full list of AI-exposed CMBS deals →

Entity Statements

💬 Servicer Commentary

2026-06-30
Hayes Court
Saliman Coy
Prospectus ID: 21
6/11/2026 The Loan transferred to SS for Delinquent Payments on 06/06/2024. The collateral consists of a 56-unit multifamily property with 6 commercial units across two 5-story buildings in Queen, NY. The Property was built in 1920 and reported 12 rentstabilized units with the remaining 44 units at market. Legal counsel has been engaged. The Property is 98% occupied and reported a YTD Annualized NOI of -$2,588 as of 9/30/2025. Borrower has failed to provide historical and updated property financials. In November 2025, the Sponsor was indicted for an alleged fraud scheme involving COVID-19 relief funds which may have been used to purchase the Property. A motion for receivership and default judgment were filed and a ruling from the court is pending. Th e Lender is dual tracking foreclosure/receivership action. An Article 7-A action has been filed by the tenants of the Property requesting an administrator be appointed to manage the property and resolve the outstanding violations. In late May 2026, the ju dge finally issued a decision and granted the motion for receivership, however, the judge’s decision required the Lender to “settle” the receivership order once the decision was entered on the docket. The required notice of settlement has been filed along with proposed receivership order with a 10 days’ notice to all parties as required by the judge.
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💬 Servicer Commentary

2026-06-30
Portfolio (2 Office properties)
UNIZO Holdings U.S., LLC
Prospectus ID: 3
6/11/2026 The Loan transferred to Special Servicing on 6/4/2025 for Delinquent Payments. The Loan is secured by 2 Class A offices totaling 651K SF located in the NoMa submarket of DC. 820 NE First Street: 1990-build, 302K sf adjacent to Union Station, 1100 First Street is a 2009-build, 349K sf located 2 blocks N of 820 NE First St. As of03/31/2026 combined occupancy is 60%, annualized NOI $9.89MM and DSCR 1.51x.The Court appointed Tom Dwyer of Transwestern as Receiver on 12/4. He has engaged the exi sting third party management and leasing teams (CBRE (820 1st) and JLL (1100 1st). Roof replacement at 820 1st. has been completed. Receiver continues to address various other capex needs at the property. Leasing agents continue to respond to RFPs, howe ver no strong leads at this time.
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💬 Servicer Commentary

2026-06-30
Courtyard By Marriott - Lake Charles La
James W. Moore Jr.
Prospectus ID: 31
6/11/2026 At origination, the Property was a 110-key select service hotel built in 2016 and located in Lake Charles, LA, located along interstate 10 midway between Houston and New Orleans, just north of the Gulf of Mexico. The Loan transferred SS on 11- 7-2023for imminent default due to structural concerns that were exacerbated by two previous hurricanes impacting the Property prior to securitization. Counsel was engaged and Lender commenced discussions with Borrower. Borrower litigated with and settled with the contractor's and subcontracors' insurance as a result of the construction defects. Borrower remitted settlement proceeds to Lender. Borrower engaged a demolition expert who demolished the hotel and cleared the site. The Borrower marketed the land for sale however the original purchase contract fell through. Borrwer's brokers found a new buyer and the Borrower executed a new contract. Lender and Borrower have entered into an
Open Deal →

External Analysis

No external analysis linked yet. Contact us to publish and link your research.
All items include provenance (author, timestamp, source).Have a source-backed clarification? Contact us.
Monitoring
This deal's collateral and ratings data changes over time. Who is watching it for you?
CMD+RVL runs monitors on the filings behind this page — new servicer reports, ratings actions, collateral shifts — and delivers each state change with full provenance.
Set up monitoring for this deal →
Have a source-backed note on this deal? Contact us.

Datasets & API#

GET https://dealcharts.org/llm/facts/bbcms2021-c12.json
{
  "deal_id": "bbcms2021-c12",
  "issuer": "",
  "shelf": "BBCMS",
  "issue_date": "",
  "linked_entities": [
  {
    "role": "Rating Agencies",
    "name": "S&P, Fitch, KBRA"
  },
  {
    "role": "Controlling Class",
    "name": "LD III SUB III, LLC or an affiliate."
  },
  {
    "role": "Certificate Administrator",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "role": "Special Servicer",
    "name": "LNR Partners"
  },
  {
    "role": "Master Servicer",
    "name": "KeyBank National Association"
  },
  {
    "role": "Depositor",
    "name": "Barclays Commercial Mortgage Securities"
  },
  {
    "role": "Operating Advisor",
    "name": "Pentalpha Surveillance"
  },
  {
    "role": "Trustee",
    "name": "Wilmington Trust, National Association"
  }
]
}


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CMBS Fund Holdings Dataset

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Filing data from sec.gov NPORT-P to produce the Fund Holdings table.

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Snowflake Marketplace

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