← Bank 2021-BNK31 · Loan annex · CMBS market
- Deal
- Bank 2021-BNK31
- Current balance
- not yet reported
- Share of deal
- not yet reported
- Status
- not yet reported
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2030-12-30
Property and terms
| Property | 1049 5TH AVENUE |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | 1928 |
| Year last renovated | 2016 |
| Original balance | $4.5M |
| Current balance | not yet reported |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.32% |
| Current interest rate | 0.00% |
| Origination date | 12-30-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-12-30 |
| Prepayment lockout end | 08-31-2030 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Bank, N.A. |
| Current status | not yet reported |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $10.8M | 08-24-2020 | MAI |
| Most recent reported | $8.4M | 2023-03-28 | MAI |
Change from securitization to the most recent reported valuation: -22.2%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| FIFTH AVENUE SURGERY CENTER | 7,751 | 12-16-2025 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2021 | $4.5M | Current | 4.32% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2021 | $4.5M | Current | 4.32% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2021 | $4.5M | Current | 4.32% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2021 | $4.5M | Current | 4.32% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2021 | $4.5M | Current | 4.32% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2021 | $4.5M | Current | 4.32% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2021 | $4.5M | Current | 4.32% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2021 | $4.5M | Current | 4.32% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2021 | $4.5M | Matured balloon, non-performing | 4.32% | not yet reported | not yet reported | not yet reported | $16,181 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2021 | $4.5M | Matured balloon, non-performing | 4.32% | not yet reported | not yet reported | not yet reported | $16,181 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2022 | $4.5M | 30-59 days delinquent | 4.32% | not yet reported | not yet reported | not yet reported | $32,902 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2022 | $4.5M | Matured balloon, non-performing | 4.32% | not yet reported | not yet reported | not yet reported | $16,721 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2022 | $4.5M | Current | 4.32% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2022 | $4.5M | Matured balloon, non-performing | 4.32% | not yet reported | not yet reported | not yet reported | $16,721 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2022 | $4.5M | Matured balloon, non-performing | 4.32% | not yet reported | not yet reported | not yet reported | $16,181 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2022 | $4.5M | Matured balloon, non-performing | 4.32% | 1.93 | 1.93 | 100% | $16,721 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| July 2022 | $4.5M | Matured balloon, non-performing | 4.32% | 1.93 | 1.93 | 100% | $16,181 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| August 2022 | $4.5M | Matured balloon, non-performing | 4.32% | 1.93 | 1.93 | 100% | $16,721 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| September 2022 | $4.5M | Current | 4.32% | 1.93 | 1.93 | 100% | $0 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| October 2022 | $4.5M | Current | 4.32% | 1.93 | 1.93 | 100% | $0 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| November 2022 | $4.5M | Matured balloon, non-performing | 4.32% | 1.93 | 1.93 | 100% | $16,721 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| December 2022 | $4.5M | Matured balloon, non-performing | 4.32% | 1.93 | 1.93 | 100% | $16,181 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| January 2023 | $4.5M | 30-59 days delinquent | 4.32% | 1.93 | 1.93 | 100% | $32,902 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| February 2023 | $4.5M | Current | 4.32% | 1.93 | 1.93 | 100% | $0 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| March 2023 | $4.5M | Current | 4.32% | 1.93 | 1.93 | 100% | $0 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| April 2023 | $4.5M | Matured balloon, non-performing | 4.32% | 1.93 | 1.93 | 100% | $16,721 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| May 2023 | $4.5M | Matured balloon, non-performing | 4.32% | 1.93 | 1.93 | 100% | $16,181 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| June 2023 | $4.5M | Matured balloon, non-performing | 4.32% | 1.93 | 1.93 | 100% | $16,721 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| July 2023 | $4.5M | 30-59 days delinquent | 4.32% | 1.93 | 1.93 | 100% | $32,902 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| August 2023 | $4.5M | Matured balloon, non-performing | 4.32% | 1.93 | 1.93 | 100% | $16,721 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| September 2023 | $4.5M | 30-59 days delinquent | 4.32% | 1.93 | 1.93 | 100% | $33,441 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| October 2023 | $4.5M | 60-89 days delinquent | 4.32% | 1.93 | 1.93 | 100% | $49,622 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| November 2023 | $4.5M | 90+ days delinquent | 4.32% | 1.93 | 1.93 | 100% | $66,343 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| December 2023 | $0 | Current | 4.32% | 1.93 | 1.93 | 100% | $0 | 03-31-2022 | $128,717 | $418 | $128,299 | $128,299 |
| January 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $5.6M | Current | 3.94% | 1.89 | 2.06 | 80% | $0 | 03-31-2024 | $311,677 | $121,728 | $189,949 | $174,473 |
| September 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2024 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2025 | $5.5M | Current | 3.94% | 1.69 | 1.86 | 82% | $0 | 12-31-2024 | $1.3M | $596,931 | $686,079 | $624,176 |
| May 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2026 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2026 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| 2021-08-04 | Transferred to the special servicer |
| January 2022 | First reported 30 or more days delinquent |
| 2023-11-16 | Liquidated; realized loss $0 |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.