- Current pool balance
- $934.6M (September 2026)
- Original pool balance
- $983.3M
- Loans at issuance
- 43
- Closing date
- 2021-05-27
- Weighted average coupon at issuance
- 3.35%
- Weighted average LTV at issuance
- 40.7%
- 30+ delinquent (latest)
- 0.00%
- Realized stress score
- 11.5
- Net rating change since issuance
- +0.00 notches
Tranches
| Class | Original balance | Credit support (computed) | Coupon | CUSIP | Fitch | KBRA | S&P | Moody's | DBRS |
|---|---|---|---|---|---|---|---|---|---|
| A-1 | $3.9M | 99.58% | 0.747% fixed | 08163EAY1 | PIF | WR | NR | not yet reported | not yet reported |
| A-2 | $41.8M | 95.11% | 1.957% fixed | 08163EAZ8 | AAA | AAA | AAA (sf) | not yet reported | not yet reported |
| A-3 | $145.5M | 79.54% | 2.391% fixed | 08163EBA2 | AAA | AAA | AAA (sf) | not yet reported | not yet reported |
| A-4 | $143.6M | 64.16% | 2.295% fixed | 08163EBC8 | AAA | AAA | AAA (sf) | not yet reported | not yet reported |
| A-5 | $313.2M | 30.64% | 2.613% fixed | 08163EBD6 | AAA | AAA | AAA (sf) | not yet reported | not yet reported |
| A-M | $84.1M | 21.64% | 2.825% floating (WAC) | 08163EBF1 | AAA | AAA | AA+ (sf) | not yet reported | not yet reported |
| A-SB | $5.9M | 21.00% | 2.256% fixed | 08163EBB0 | AAA | AAA | AAA (sf) | not yet reported | not yet reported |
| B | $39.7M | 16.75% | 2.688% floating (WAC) | 08163EBG9 | AA- | AA+ | NR | not yet reported | not yet reported |
| C | $42.0M | 12.25% | 2.987% floating (WAC) | 08163EBH7 | A- | A | NR | not yet reported | not yet reported |
| D | $29.2M | 9.13% | 2.000% fixed | 08163EAH8 | BBB | BBB+ | NR | not yet reported | not yet reported |
| E | $23.4M | 6.63% | 2.000% fixed | 08163EBL8 | BBB- | BBB- | NR | not yet reported | not yet reported |
| F | $19.9M | 4.50% | 1.981% floating (WAC) | 08163EAL9 | BB- | BB- | NRprelim | not yet reported | not yet reported |
| G | $9.3M | 3.50% | 1.981% floating (WAC) | 08163EAN5 | B- | B- | NR | not yet reported | not yet reported |
| H | $9.3M | 2.50% | 1.981% floating (WAC) | 08163EBM6 | not yet reported | not yet reported | NRprelim | not yet reported | not yet reported |
| J | $23.4M | 0.00% | 1.981% floating (WAC) | 08163EAQ8 | not yet reported | not yet reported | NR | not yet reported | not yet reported |
| R | not yet reported | not yet reported | not yet reported | 08163EAU9 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| S | not yet reported | not yet reported | not yet reported | 08163EAS4 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| X-A | $738.0M | Interest only | 0.999% floating | 08163EBE4 | AAA | AAA | AA+ (sf) | not yet reported | not yet reported |
| X-B | $81.7M | Interest only | 0.638% floating | 08163EBJ3 | A- | AAA | NRprelim | not yet reported | not yet reported |
| X-D | $52.5M | Interest only | 1.481% floating | 08163EAX3 | BBB- | BBB- | NRprelim | not yet reported | not yet reported |
| X-F | $19.9M | Interest only | 1.500% floating | 08163EAB1 | BB- | BB- | NR | not yet reported | not yet reported |
| X-G | $9.3M | Interest only | 1.500% floating | 08163EAD7 | B- | B- | NR | not yet reported | not yet reported |
| X-H | $32.7M | Interest only | 1.500% floating | 08163EAF2 | not yet reported | not yet reported | NR | 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 | 43 |
| Original loan balance | $1.08B |
| Weighted average coupon | 3.35% |
| Weighted average LTV | 40.7% |
| Median loan LTV | 61.5% |
| Full-term interest only (share of balance) | 91.1% |
| Balloon loans (share of balance) | 91.1% |
| Largest loan (share of balance) | 8.9% |
| Five largest loans (share of balance) | 35.8% |
| Occupancy at issuance (weighted average) | 94.5% |
Realized outcomes
| Months reported | 64 |
| Peak 30+ delinquency | 0.00% (May 2021) |
| Ever severe (share of original balance) | 1.16% |
| Ever modified (share of original balance) | 0.00% |
| Past scheduled maturity (share of original balance) | 0.00% |
| Non-performing matured (share of original balance) | 78.68% |
| Maximum servicer advances (share of balance) | 0.04% |
| Median DSCR, first year | 1.79 |
| Median DSCR, latest | 2.38 |
| Realized stress score | 11.5 |
Property types
| Property type | Original balance | Share of pool |
|---|---|---|
| Office | $496.6M | 46.0% |
| Industrial | $260.4M | 24.1% |
| Multifamily | $86.5M | 8.0% |
| Multiple property types | $72.5M | 6.7% |
| Self storage | $61.3M | 5.7% |
| Retail | $52.9M | 4.9% |
| Lodging | $33.2M | 3.1% |
| Mixed use | $16.0M | 1.5% |
Property type is reported for 100.0% of the pool balance; shares are of the full pool.
Largest loans
| Property | Location | Original balance | Share of pool | Coupon | Originated |
|---|---|---|---|---|---|
| Burlingame Point | Burlingame, CA | $96.0M | 8.9% | 3.02% | 2021 |
| ["375 Kenyon Road", "1006 Centerpoint Drive", "1125 Vaughn Parkway", "261 Development Drive", "Graystone - Snowden Bridge", "1010 Centerpoint Drive", "Lot 11", "40 Tyson Drive", "1020 Centerpoint Drive", "75 Tyson Drive", "1042 Fred White Boulevard", "3516 South Military Highway", "104 Challenger Drive", "1115 Vaughn Parkway", "1335 Northmeadow Parkway", "250 Hembree Park Drive", "660 Hembree Parkway", "11820 Wills Road", "1325 Northmeadow Parkway", "11545 Wills Road", "1350 Northmeadow Parkway", "1175 Northmeadow Parkway", "1125 Northmeadow Parkway", "1250 Northmeadow Parkway", "11390 Old Roswell Road", "1150 Northmeadow Parkway", "1200 Northmeadow Parkway", "1100 Northmeadow Parkway", "11810 Wills Road", "1115 Northmeadow Parkway", "1225 Northmeadow Parkway", "1400 Hembree Road", "11800 Wills Road"] | ["Suffolk", "Suffolk", "Portland", "Inwood", "Stephenson", "Suffolk", "Suffolk", "Winchester", "Suffolk", "Winchester", "Portland", "Chesapeake", "Portland", "Portland", "Roswell", "Roswell", "Roswell", "Alpharetta", "Roswell", "Alpharetta", "Roswell", "Roswell", "Roswell", "Roswell", "Alpharetta", "Roswell", "Roswell", "Roswell", "Alpharetta", "Roswell", "Roswell", "Roswell", "Alpharetta"], ["VA", "VA", "TN", "WV", "VA", "VA", "VA", "VA", "VA", "VA", "TN", "VA", "TN", "TN", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA", "GA"] | $95.0M | 8.8% | 2.48% | 2021 |
| Amazon Seattle | Seattle, WA | $93.0M | 8.6% | 3.00% | 2021 |
| iPark 84 Innovation Center | Hopewell Junction, NY | $60.0M | 5.6% | 3.80% | 2021 |
| ["Publix - Gulf Breeze", "GIANT Food Store - Dickson City", "Fresenius Medical Care - Riverdale", "CVS Pharmacy - Corpus Christi", "Walgreens - Hometown", "Walgreens - Powder Springs", "Walgreens - Tulsa", "CVS Pharmacy - Nashville", "Fresenius Medical Care - Baton Rouge", "PNC Bank - Milford", "Dollar Tree - Meraux", "Family Dollar - Lufkin", "Dollar General - Converse", "Dollar Tree - Fultondale", "Dollar General - Anderson", "Dollar Tree - Martins Ferry"] | ["Gulf Breeze", "Dickson City", "Riverdale", "Corpus Christi", "Hometown", "Powder Springs", "Tulsa", "Nashville", "Baton Rouge", "Milford", "Meraux", "Lufkin", "Converse", "Fultondale", "Anderson", "Martins Ferry"], ["FL", "PA", "GA", "TX", "IL", "GA", "OK", "TN", "LA", "OH", "LA", "TX", "TX", "AL", "SC", "OH"] | $42.5M | 3.9% | 3.38% | 2021 |
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 | 23 of 23 |
| Classes with a current rating in the dataset | 21 of 23 |
| Net rating change since issuance | +0.00 notches (balance-weighted) |
| Delinquency threshold crossed | Not crossed in the dataset |
| First downgrade | None recorded |
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.