Benchmark 2021-B24 Mortgage Trust

Tranches, pool and monthly delinquency indicator for Benchmark 2021-B24 Mortgage Trust.

Data as of loan data through September 2026; ratings as held in the dataset at build

Current pool balance: $1.09B (September 2026)
Original pool balance: $1.16B
Loans at issuance: 40
Closing date: 2023-03-06
Weighted average coupon at issuance: 3.55%
Weighted average LTV at issuance: 38.2%
30+ delinquent (latest): 0.00%
Realized stress score: 57.6
Net rating change since issuance: +0.03 notches

Tranches

Class	Original balance	Credit support (computed)	Coupon	CUSIP	Fitch	KBRA	S&P	Moody's	DBRS
A-1	$11.2M	99.01%	0.648% fixed	08163CAY5	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-2	$73.8M	92.43%	1.953% fixed	08163CAZ2	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-3	$81.1M	85.20%	2.010% fixed	08163CBA6	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-4	$213.5M	66.17%	2.264% fixed	08163CBB4	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-5	$365.8M	33.58%	2.584% fixed	08163CBC2	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-S	$86.7M	25.85%	2.780% fixed	08163CBG3	AAA	AAA	AA (sf)	not yet reported	not yet reported
A-SB	$25.6M	23.57%	2.256% fixed	08163CBD0	AAA	AAA	AAA (sf)	not yet reported	not yet reported
B	$49.6M	19.16%	2.598% fixed	08163CBH1	AA-	AA	NR	not yet reported	not yet reported
C	$49.6M	14.74%	3.293% floating (WAC)	08163CBJ7	A-	A-	NRprelim	not yet reported	not yet reported
D	$31.7M	11.92%	2.000% fixed	08163CAJ8	BBB	BBB+	NRprelim	not yet reported	not yet reported
E	$26.2M	9.59%	2.000% fixed	08163CAL3	BBB-	BBB-	NRprelim	not yet reported	not yet reported
F	$28.9M	7.01%	2.500% fixed	08163CAN9	BB-	BB-	NR	not yet reported	not yet reported
G	$12.4M	5.91%	2.500% fixed	08163CAQ2	B-	B	NR	not yet reported	not yet reported
NR	$45.4M	1.86%	2.500% fixed	08163CAS8	not yet reported	not yet reported	NRprelim	not yet reported	not yet reported
RR	$20.9M	0.00%	not yet reported	08163CBK4	not yet reported	not yet reported	NR	not yet reported	not yet reported
X-A	$857.7M	Interest only	1.275% floating	08163CBE8	AAA	AAA	AA (sf)	not yet reported	not yet reported
X-B	$99.1M	Interest only	0.710% floating	08163CBF5	A-	AAA	NR	not yet reported	not yet reported
X-D	$57.8M	Interest only	1.655% floating	08163CAA7	BBB-	BBB-	NRprelim	not yet reported	not yet reported
X-F	$28.9M	Interest only	1.155% floating	08163CAC3	BB-	BB-	NR	not yet reported	not yet reported
X-G	$12.4M	Interest only	1.155% floating	08163CAE9	B-	B	NR	not yet reported	not yet reported
X-NR	$45.4M	Interest only	1.155% floating	08163CAG4	not yet reported	not yet reported	NRprelim	not yet reported	not yet reported

Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.

Pool at issuance

Loans	40
Original loan balance	$1.16B
Weighted average coupon	3.55%
Weighted average LTV	38.2%
Median loan LTV	59.8%
Full-term interest only (share of balance)	76.2%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	6.9%
Five largest loans (share of balance)	32.4%
Occupancy at issuance (weighted average)	88.9%

Realized outcomes

Months reported	67
Peak 30+ delinquency	6.51% (November 2024)
Ever severe (share of original balance)	8.80%
Ever modified (share of original balance)	10.47%
Past scheduled maturity (share of original balance)	2.33%
Non-performing matured (share of original balance)	67.12%
Maximum servicer advances (share of balance)	0.07%
Median DSCR, first year	2.27
Median DSCR, latest	2.33
Realized stress score	57.6

Property types

Property type	Original balance	Share of pool
Office	$501.4M	43.2%
Mixed use	$129.3M	11.1%
Lodging	$121.5M	10.5%
Retail	$81.6M	7.0%
Industrial	$73.4M	6.3%
SE	$72.7M	6.3%
Multiple property types	$60.0M	5.2%
Multifamily	$36.0M	3.1%
Self storage	$25.2M	2.2%

Property type is reported for 95.0% of the pool balance; shares are of the full pool.

Largest loans

Property	Location	Original balance	Share of pool	Coupon	Originated
410 Tenth Avenue	New York, NY	$80.0M	6.9%	2.59%	2020
["MGM Grand", "Mandalay Bay"]	["Las Vegas", "Las Vegas"], ["NV", "NV"]	$80.0M	6.9%	3.56%	2020
Phillips Point	West Palm Beach, FL	$75.0M	6.5%	3.34%	2021
141 Livingston Street	Brooklyn, NY	$75.0M	6.5%	3.21%	2021
Pittock Block	Portland, OR	$66.0M	5.7%	3.30%	2020

Delinquency and stress indicator

▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)

Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.

Ratings

Classes with a CUSIP	21 of 21
Classes with a current rating in the dataset	21 of 21
Net rating change since issuance	+0.03 notches (balance-weighted)
Delinquency threshold crossed	September 2024
First downgrade	October 2025

Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.