Morgan Stanley Capital I Trust 2021-L6: loan annex

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

← Morgan Stanley Capital I Trust 2021-L6 · CMBS market

Detail sections for the 23 loans of this deal that do not have a page of their own. Loans with a surveillance history, loans at or above the section's size threshold of $25.0M, and the largest loans in the deal have their own pages, linked from the loan table on the deal page. Every loan in the deal appears either here or on its own page.

Woodbridge Corp Plaza

Property	Woodbridge Corp Plaza
Address	485 Route 1 S 2100 Ronson Road, Iselin, NJ 07095; Iselin, NJ 08830
Property type	Other (code 98)
Units, beds or keys	not yet reported
Net rentable square feet	629,053
Year built	1982
Year last renovated	not yet reported
Original balance	$22.5M
Current balance	$22.1M (September 2026)
Share of deal balance	3.4%
Interest rate at origination	3.94%
Current interest rate	3.94%
Origination date	05-24-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-06-06
Prepayment lockout end	03-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	AREF
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$69.6M	03-17-2021	MAI
Most recent reported	$69.6M	2021-03-17	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Woodbridge Executive LLC	629,053	05-23-2119

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Shoppes of Carrollwood & Colonial Square

Property	Shoppes of Carrollwood & Colonial Square
Address	14324-14402 North Dale Mabry Highway; Tampa, FL 33618
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	223,517
Year built	1982
Year last renovated	2005
Original balance	$18.5M
Current balance	$18.4M (September 2026)
Share of deal balance	2.8%
Interest rate at origination	3.55%
Current interest rate	3.55%
Origination date	06-18-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-07-06
Prepayment lockout end	04-05-2031
Yield maintenance end	not yet reported
Servicer	Berkadia
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$34.5M	05-21-2021	MAI
Most recent reported	$34.5M	2021-05-21	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
AMPED FITNESS	22,349	12-31-2028
The Room Exchange	11,997	12-31-2026
Abby's Health Food, Inc.	11,080	11-30-2030

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

6304 Spine Road

Property	6304 Spine Road
Address	6304 Spine Road; Boulder, CO 80301
Property type	Industrial
Units, beds or keys	not yet reported
Net rentable square feet	170,998
Year built	1965
Year last renovated	1997
Original balance	$19.0M
Current balance	$16.9M (September 2026)
Share of deal balance	2.6%
Interest rate at origination	3.33%
Current interest rate	3.33%
Origination date	04-29-2021
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2031-05-01
Prepayment lockout end	12-31-2030
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	MSBNA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$30.4M	02-16-2021	MAI
Most recent reported	$30.4M	2021-02-16	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Lockheed Martin Corporation	170,998	12-31-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$4.6M
Operating expenses	$2.0M
Net operating income	$2.6M
Net cash flow	$2.5M
DSCR (net cash flow)	2.46
DSCR (net operating income)	2.64
Occupancy	100%
Servicer advances outstanding	$0

High Meadow Apartments

Property	High Meadow Apartments
Address	3802 West University Blvd; Durant, OK 74701
Property type	Multifamily
Units, beds or keys	209
Net rentable square feet	not yet reported
Year built	2007
Year last renovated	not yet reported
Original balance	$15.2M
Current balance	$15.2M (September 2026)
Share of deal balance	2.3%
Interest rate at origination	3.84%
Current interest rate	3.84%
Origination date	05-27-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-06-06
Prepayment lockout end	03-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	AREF
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$21.4M	04-28-2021	MAI
Most recent reported	$21.4M	2021-04-28	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$2.9M
Operating expenses	$1.5M
Net operating income	$1.4M
Net cash flow	$1.3M
DSCR (net cash flow)	2.27
DSCR (net operating income)	2.38
Occupancy	86%
Servicer advances outstanding	$0

Casa Grande Flexible Apartments

Property	Casa Grande Flexible Apartments
Address	540 N. Cacheris Ct; Casa Grande, AZ 85122
Property type	Multifamily
Units, beds or keys	483
Net rentable square feet	not yet reported
Year built	2008
Year last renovated	2015
Original balance	$14.0M
Current balance	$14.0M (September 2026)
Share of deal balance	2.1%
Interest rate at origination	3.85%
Current interest rate	3.85%
Origination date	06-18-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-07-01
Prepayment lockout end	03-31-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	BANA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$28.9M	04-21-2021	MAI
Most recent reported	$28.9M	2021-04-21	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Martin Downs (and 1 more properties)

Property	Martin Downs (and 1 more properties)
Address	2846 Southwest Town Center Way; 3313-3343 West Peoria Avenue; Palm City, FL (and 1 more) 34990
Property type	Retail
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	$15.1M
Current balance	$13.7M (September 2026)
Share of deal balance	2.1%
Interest rate at origination	4.42%
Current interest rate	4.42%
Origination date	05-28-2021
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2031-06-06
Prepayment lockout end	04-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	AREF
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

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

Largest tenants

Tenant	Square feet	Lease expiration
Panaderias, LLC	not yet reported	["10-31-2026", "03-31-2029"]
Heartland Dental, LLD (M1ear14	not yet reported	["07-31-2035", "04-30-2029"]
Truist d/b/a BB & T	not yet reported	["10-31-2026", "04-30-2029"]

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Summerhill Marketplace

Property	Summerhill Marketplace
Address	647 State Route 18 130 Summerhill Road; East Brunswick, NJ 08816
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	88,679
Year built	1997
Year last renovated	not yet reported
Original balance	$12.5M
Current balance	$12.0M (September 2026)
Share of deal balance	1.8%
Interest rate at origination	4.02%
Current interest rate	4.02%
Origination date	06-09-2021
Original term	120 months
Amortization term	360 months
Interest-only period	36 months
Scheduled maturity	2031-07-06
Prepayment lockout end	04-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$20.4M	04-26-2021	MAI
Most recent reported	$20.4M	2021-04-26	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Stop & Shop Supermarket	52,230	10-31-2031
Children of America	10,000	01-31-2044
EDI Center LLC	4,800	02-28-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$2.2M
Operating expenses	$1.0M
Net operating income	$1.2M
Net cash flow	$1.1M
DSCR (net cash flow)	1.54
DSCR (net operating income)	1.63
Occupancy	100%
Servicer advances outstanding	$0

Willow Lawn

Property	Willow Lawn
Address	1700 Willow Lawn Drive and 5001 West Broad Street; Richmond, VA 23230
Property type	Mixed use
Units, beds or keys	not yet reported
Net rentable square feet	47,778
Year built	2008
Year last renovated	not yet reported
Original balance	$10.8M
Current balance	$10.7M (September 2026)
Share of deal balance	1.6%
Interest rate at origination	3.26%
Current interest rate	3.26%
Origination date	06-16-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-07-06
Prepayment lockout end	03-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$19.2M	05-21-2021	MAI
Most recent reported	$19.2M	2021-05-21	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
CVS Willow Lawn #01537	13,013	01-31-2033
Price Studio, LLC	5,554	02-28-2030
Deli Management, Inc. dba Jason's Deli#1	5,000	11-30-2028

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.4M
Operating expenses	$397,440
Net operating income	$1.0M
Net cash flow	$981,045
DSCR (net cash flow)	2.76
DSCR (net operating income)	2.89
Occupancy	82%
Servicer advances outstanding	$0

South York Plaza

Property	South York Plaza
Address	201, 205-275 Pauline Drive; York, PA 17402
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	123,243
Year built	1990
Year last renovated	not yet reported
Original balance	$10.2M
Current balance	$10.2M (September 2026)
Share of deal balance	1.6%
Interest rate at origination	3.42%
Current interest rate	3.42%
Origination date	06-18-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-07-06
Prepayment lockout end	03-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	AREF
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$16.0M	05-17-2021	MAI
Most recent reported	$16.0M	2021-05-17	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Giant Foods	68,464	08-31-2030
Fve Below, Inc. #08272	9,500	02-28-2035
S3 Performance Training LLC	7,750	12-31-2031

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.9M
Operating expenses	$766,278
Net operating income	$1.1M
Net cash flow	$993,567
DSCR (net cash flow)	2.81
DSCR (net operating income)	3.12
Occupancy	97%
Servicer advances outstanding	$0

39 Suydam

Property	39 Suydam
Address	39 Suydam a/k/a 692 Bushwick Avenue; Brooklyn, NY 11221
Property type	Multifamily
Units, beds or keys	37
Net rentable square feet	20,475
Year built	2015
Year last renovated	not yet reported
Original balance	$9.2M
Current balance	$9.2M (September 2026)
Share of deal balance	1.4%
Interest rate at origination	3.61%
Current interest rate	3.61%
Origination date	06-10-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-07-01
Prepayment lockout end	03-31-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	MSBNA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$15.7M	05-01-2021	MAI
Most recent reported	$15.7M	2021-05-01	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Guardian Storage Westminster

Property	Guardian Storage Westminster
Address	9241 Wadsworth Blvd.; Westminster, CO 80021
Property type	Self storage
Units, beds or keys	671
Net rentable square feet	85,617
Year built	2009
Year last renovated	not yet reported
Original balance	$8.1M
Current balance	$8.1M (September 2026)
Share of deal balance	1.2%
Interest rate at origination	3.50%
Current interest rate	3.50%
Origination date	06-10-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-07-06
Prepayment lockout end	08-05-2023
Yield maintenance end	04-05-2031
Servicer	Midland
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$14.9M	05-21-2021	MAI
Most recent reported	$14.9M	2021-05-21	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.7M
Operating expenses	$690,378
Net operating income	$971,118
Net cash flow	$962,556
DSCR (net cash flow)	3.35
DSCR (net operating income)	3.38
Occupancy	100%
Servicer advances outstanding	$0

Guardian Storage Washington

Property	Guardian Storage Washington
Address	840 Jefferson Avenue; Washington, PA 15301
Property type	Self storage
Units, beds or keys	704
Net rentable square feet	80,781
Year built	1980
Year last renovated	2020
Original balance	$7.8M
Current balance	$7.8M (September 2026)
Share of deal balance	1.2%
Interest rate at origination	3.22%
Current interest rate	3.22%
Origination date	06-10-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-07-06
Prepayment lockout end	08-05-2023
Yield maintenance end	04-05-2031
Servicer	Midland
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$15.2M	05-26-2021	MAI
Most recent reported	$15.2M	2021-05-26	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.8M
Operating expenses	$687,548
Net operating income	$1.1M
Net cash flow	$1.1M
DSCR (net cash flow)	4.42
DSCR (net operating income)	4.46
Occupancy	99%
Servicer advances outstanding	$0

Briar Creek Plaza

Property	Briar Creek Plaza
Address	35-65 Briar Creek Plaza; Berwick, PA 18603
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	65,864
Year built	1999
Year last renovated	not yet reported
Original balance	$7.5M
Current balance	$7.5M (September 2026)
Share of deal balance	1.1%
Interest rate at origination	3.38%
Current interest rate	3.38%
Origination date	06-04-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-06-06
Prepayment lockout end	07-05-2023
Yield maintenance end	03-05-2031
Servicer	Midland
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$11.7M	04-16-2021	MAI
Most recent reported	$11.7M	2021-04-16	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Giant Food Store	49,777	06-30-2031
First Keystone Community Bank	4,000	10-31-2032
PLCB	3,679	05-31-2031

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Porte De L'eau Plaza

Property	Porte De L'eau Plaza
Address	2000-2046 45th Street; Highland, IN 46322
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	88,648
Year built	1984
Year last renovated	not yet reported
Original balance	$8.0M
Current balance	$7.1M (September 2026)
Share of deal balance	1.1%
Interest rate at origination	3.43%
Current interest rate	3.43%
Origination date	06-17-2021
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2031-07-06
Prepayment lockout end	05-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	AREF
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$12.8M	05-17-2021	MAI
Most recent reported	$12.8M	2021-05-17	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
McColly Realtors, In	5,905	09-30-2028
James Atkins and She	4,480	06-30-2028
Mishel Calleja Barce	3,700	07-31-2030

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.7M
Operating expenses	$473,885
Net operating income	$1.2M
Net cash flow	$1.2M
DSCR (net cash flow)	2.70
DSCR (net operating income)	2.90
Occupancy	89%
Servicer advances outstanding	$0

180 East 79th Street Coop

Property	180 East 79th Street Coop
Address	180 East 79th Street; New York, NY 10075
Property type	Multifamily
Units, beds or keys	122
Net rentable square feet	60,937
Year built	1930
Year last renovated	2008
Original balance	$6.5M
Current balance	$6.5M (September 2026)
Share of deal balance	1.0%
Interest rate at origination	2.74%
Current interest rate	2.74%
Origination date	05-28-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-06-01
Prepayment lockout end	01-31-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	MSBNA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$271.9M	04-19-2021	MAI
Most recent reported	$271.9M	2021-04-19	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Captree Shopping Center

Property	Captree Shopping Center
Address	470,478,480-526 Union Boulevard 532 - 580 Union Boulevard; West Islip, NY 11795
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	110,901
Year built	1956
Year last renovated	not yet reported
Original balance	$6.0M
Current balance	$6.0M (September 2026)
Share of deal balance	0.9%
Interest rate at origination	3.06%
Current interest rate	3.06%
Origination date	06-07-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-07-01
Prepayment lockout end	03-31-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	MSBNA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$27.8M	03-12-2021	MAI
Most recent reported	$27.8M	2021-03-12	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Good Samaritan Hospital	34,340	11-14-2038
TVI, Inc.	22,365	01-31-2029
Dollar tree	14,550	08-31-2029

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$3.8M
Operating expenses	$1.6M
Net operating income	$2.2M
Net cash flow	$2.0M
DSCR (net cash flow)	10.77
DSCR (net operating income)	11.68
Occupancy	87%
Servicer advances outstanding	$0

Arlingate Plaza

Property	Arlingate Plaza
Address	1713-1717 Arlingate Lane; Columbus, OH 43228
Property type	Warehouse
Units, beds or keys	not yet reported
Net rentable square feet	115,639
Year built	1981
Year last renovated	not yet reported
Original balance	$6.0M
Current balance	$6.0M (September 2026)
Share of deal balance	0.9%
Interest rate at origination	3.48%
Current interest rate	3.48%
Origination date	06-18-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-07-06
Prepayment lockout end	04-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	AREF
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$10.1M	05-12-2021	MAI
Most recent reported	$10.1M	2021-05-12	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Intertek Testing Services	48,623	04-30-2029
Kabafusion	13,389	06-30-2029
True North Heating and Cooling LL	11,984	03-01-2029

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.1M
Operating expenses	$442,463
Net operating income	$684,550
Net cash flow	$642,039
DSCR (net cash flow)	3.03
DSCR (net operating income)	3.23
Occupancy	77%
Servicer advances outstanding	$0

Sportsmans Warehouse

Property	Sportsmans Warehouse
Address	11505 Ne Fourth Plain Blvd., Unit H9; Vancouver, WA 98662
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	48,704
Year built	1994
Year last renovated	2007
Original balance	$5.9M
Current balance	$5.9M (September 2026)
Share of deal balance	0.9%
Interest rate at origination	3.67%
Current interest rate	3.67%
Origination date	05-14-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-06-05
Prepayment lockout end	03-04-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	MSBNA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$10.0M	03-29-2021	MAI
Most recent reported	$10.0M	2021-03-29	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Sportsman's Warehouse, Inc	48,704	10-31-2033

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$972,864
Operating expenses	$198,139
Net operating income	$774,725
Net cash flow	$724,559
DSCR (net cash flow)	3.30
DSCR (net operating income)	3.53
Occupancy	100%
Servicer advances outstanding	$0

Atlantic Surf Apartments

Property	Atlantic Surf Apartments
Address	494 S. Atlantic Avenue; Cocoa Beach, FL 32931
Property type	Multifamily
Units, beds or keys	35
Net rentable square feet	not yet reported
Year built	1964
Year last renovated	not yet reported
Original balance	$5.0M
Current balance	$5.0M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	4.43%
Current interest rate	4.43%
Origination date	06-17-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-07-06
Prepayment lockout end	03-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	AREF
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$7.1M	05-13-2021	MAI
Most recent reported	$7.1M	2021-05-13	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$650,252
Operating expenses	$225,719
Net operating income	$424,533
Net cash flow	$415,533
DSCR (net cash flow)	1.86
DSCR (net operating income)	1.90
Occupancy	94%
Servicer advances outstanding	$0

259 5th Avenue (and 1 more properties)

Property	259 5th Avenue (and 1 more properties)
Address	259 5th Avenue aka 70-78 Garfield Place; 250 Dekalb Avenue aka 289 & 295 Vanderbilt Avenue; Brooklyn, NY (and 1 more) 11215
Property type	Mixed use
Units, beds or keys	["6", "4"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	["2013", "2012"]
Original balance	$4.5M
Current balance	$4.5M (September 2026)
Share of deal balance	0.7%
Interest rate at origination	3.57%
Current interest rate	3.57%
Origination date	06-04-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-07-01
Prepayment lockout end	03-31-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	MSBNA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

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

Largest tenants

Tenant	Square feet	Lease expiration
2br/1ba	not yet reported	["04-30-2027", "04-30-2027"]
1br/1ba	not yet reported	["10-31-2026", "01-31-2032"]
Burger Tenant	not yet reported	02-28-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

27th Street Workspaces

Property	27th Street Workspaces
Address	400-650 NE 27th Street; Pompano Beach, FL 33064
Property type	Warehouse
Units, beds or keys	not yet reported
Net rentable square feet	46,498
Year built	1972
Year last renovated	2018
Original balance	$4.5M
Current balance	$4.5M (September 2026)
Share of deal balance	0.7%
Interest rate at origination	3.59%
Current interest rate	3.59%
Origination date	06-16-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-07-06
Prepayment lockout end	04-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	AREF
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$7.0M	05-04-2021	MAI
Most recent reported	$7.0M	2021-05-04	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Garske Turbo Services Inc.	3,850	05-31-2029
ABA Performance	3,600	09-30-2027
Pavei General Services Corp.	3,600	11-30-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$895,762
Operating expenses	$300,129
Net operating income	$595,633
Net cash flow	$577,033
DSCR (net cash flow)	3.52
DSCR (net operating income)	3.64
Occupancy	96%
Servicer advances outstanding	$0

True Rudder

Property	True Rudder
Address	801 & 901 Barnett Drive; Lake Worth Beach, FL 33461
Property type	Warehouse
Units, beds or keys	not yet reported
Net rentable square feet	48,024
Year built	1982
Year last renovated	not yet reported
Original balance	$4.2M
Current balance	$4.2M (September 2026)
Share of deal balance	0.6%
Interest rate at origination	3.83%
Current interest rate	3.83%
Origination date	05-14-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-06-06
Prepayment lockout end	03-05-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	AREF
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$6.5M	04-12-2021	MAI
Most recent reported	$6.5M	2021-04-12	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
JMC Interior	2,285	not yet reported
Richard Gonzalez Diaz	2,285	not yet reported
Fournier Custom Designs	2,160	not yet reported

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.0M
Operating expenses	$298,277
Net operating income	$708,643
Net cash flow	$701,439
DSCR (net cash flow)	4.30
DSCR (net operating income)	4.34
Occupancy	93%
Servicer advances outstanding	$0

2801 Finley Road

Property	2801 Finley Road
Address	2801 Finley Road; Downers Grove, IL 60515
Property type	Office
Units, beds or keys	not yet reported
Net rentable square feet	29,295
Year built	1977
Year last renovated	2021
Original balance	$3.3M
Current balance	$3.0M (September 2026)
Share of deal balance	0.5%
Interest rate at origination	4.87%
Current interest rate	4.87%
Origination date	05-17-2021
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2031-06-01
Prepayment lockout end	02-28-2031
Yield maintenance end	not yet reported
Servicer	Midland
Loan servicer	not yet reported
Originator	MSBNA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$5.1M	03-19-2021	MAI
Most recent reported	$5.1M	2021-03-19	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
P4 Security Solutions LLC	10,334	11-12-2030
Augustus Labs LLC	5,457	03-31-2028
Advocate Hospitals Corp	5,376	07-31-2028

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0