Benchmark 2021-B29 Mortgage Trust

Tranches, pool and monthly delinquency indicator for Benchmark 2021-B29 Mortgage Trust.

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

Current pool balance: $1.08B (September 2026)
Original pool balance: $1.12B
Loans at issuance: 47
Closing date: 2021-09-30
Weighted average coupon at issuance: 3.32%
Weighted average LTV at issuance: 44.9%
30+ delinquent (latest): 12.46%
Realized stress score: 75.3
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	$20.7M	98.06%	0.710% fixed	08163JAA2	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-2	$78.5M	90.68%	2.024% fixed	08163JAB0	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-3	$177.3M	74.03%	2.284% fixed	08163JAC8	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-4	$149.0M	60.04%	2.138% fixed	08163JAD6	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-5	$295.7M	32.27%	2.388% fixed	08163JAE4	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-S	$74.5M	25.27%	2.612% fixed	08163JAJ3	AAA	AAA	AA+ (sf)	not yet reported	not yet reported
A-SB	$24.2M	23.00%	2.205% fixed	08163JAF1	AAA	AAA	AAA (sf)	not yet reported	not yet reported
B	$51.9M	18.13%	2.453% fixed	08163JAK0	AA-	AA+	NRprelim	not yet reported	not yet reported
C	$53.2M	13.13%	2.752% fixed	08163JAL8	A-	A+	NRprelim	not yet reported	not yet reported
D	$33.3M	10.00%	2.000% fixed	08163JAV6	BBB	A-	NR	not yet reported	not yet reported
E	$28.0M	7.37%	2.000% fixed	08163JAX2	BBB-	BBB	NRprelim	not yet reported	not yet reported
F	$26.6M	4.88%	2.308% floating	08163JAZ7	BB-	BB	NR	not yet reported	not yet reported
G	$10.6M	3.88%	2.308% floating	08163JBB9	B-	B	NRprelim	not yet reported	not yet reported
H	$41.3M	0.00%	2.308% floating	08163JBD5	not yet reported	not yet reported	NR	not yet reported	not yet reported
R	not yet reported	not yet reported	not yet reported	08163JBF0	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	08163JBM5	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
X-A	$819.9M	Interest only	1.050% floating	08163JAG9	AAA	AAA	AA+ (sf)	not yet reported	not yet reported
X-B	$105.2M	Interest only	0.704% floating	08163JAH7	A-	AAA	NR	not yet reported	not yet reported
X-D	$61.2M	Interest only	1.308% floating	08163JAM6	BBB-	AAA	NR	not yet reported	not yet reported
X-F	$26.6M	Interest only	1.000% floating	08163JAP9	BB-	BB	NR	not yet reported	not yet reported
X-G	$10.6M	Interest only	1.000% floating	08163JAR5	B-	B	NR	not yet reported	not yet reported
X-H	$41.3M	Interest only	1.000% floating	08163JAT1	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	47
Original loan balance	$1.12B
Weighted average coupon	3.32%
Weighted average LTV	44.9%
Median loan LTV	62.9%
Full-term interest only (share of balance)	75.1%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	10.0%
Five largest loans (share of balance)	39.5%
Occupancy at issuance (weighted average)	96.1%

Realized outcomes

Months reported	61
Peak 30+ delinquency	13.43% (August 2026)
Ever severe (share of original balance)	15.71%
Ever modified (share of original balance)	0.00%
Past scheduled maturity (share of original balance)	5.74%
Non-performing matured (share of original balance)	88.90%
Maximum servicer advances (share of balance)	0.31%
Median DSCR, first year	2.62
Median DSCR, latest	2.11
Realized stress score	75.3

Property types

Property type	Original balance	Share of pool
Retail	$283.8M	25.3%
Office	$241.0M	21.5%
Multifamily	$189.1M	16.9%
Mixed use	$175.9M	15.7%
Industrial	$75.5M	6.7%
Multiple property types	$61.6M	5.5%
Self storage	$31.9M	2.8%
Warehouse	$23.9M	2.1%
Lodging	$18.8M	1.7%

Property type is reported for 98.3% of the pool balance; shares are of the full pool.

Largest loans

Property	Location	Original balance	Share of pool	Coupon	Originated
One SoHo Square	New York, NY	$112.0M	10.0%	2.72%	2021
HQ at First	San Jose, CA	$98.7M	8.8%	2.97%	2021
Watermark Tempe	Tempe, AZ	$88.5M	7.9%	2.84%	2021
2 Washington Street	New York, NY	$80.0M	7.1%	3.45%	2021
The Domain	Austin, TX	$64.0M	5.7%	3.09%	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	22 of 22
Classes with a current rating in the dataset	20 of 22
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.