← Bank 2021-BNK34 · Loan annex · CMBS market
- Deal
- Bank 2021-BNK34
- Current balance
- $8.4M (September 2026)
- Share of deal
- 0.9%
- Status
- 90+ days delinquent
- DSCR (latest)
- 1.62
- Occupancy (latest)
- 89%
- Scheduled maturity
- 2031-06-01
Property and terms
| Property | Adar New Haven Multifamily Portfolio |
| Address | New Haven, CT |
| Property type | Multifamily |
| Units, beds or keys | 99 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $8.6M |
| Current balance | $8.4M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 4.17% |
| Current interest rate | 4.17% |
| Origination date | 05-07-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2031-06-01 |
| Prepayment lockout end | 02-28-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Mortgage Capital Holdings LLC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $12.9M | 03-19-2021 | not yet reported |
| Most recent reported | $15.7M | 2026-03-13 | MAI |
Change from securitization to the most recent reported valuation: 21.2%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2021 | $8.6M | Current | 4.17% | 1.22 | 1.42 | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2021 | $8.6M | Current | 4.17% | 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 | $8.6M | Current | 4.17% | 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 | $8.6M | Current | 4.17% | 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 | $8.6M | Matured balloon, non-performing | 4.17% | not yet reported | not yet reported | not yet reported | $29,919 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2021 | $8.6M | Matured balloon, non-performing | 4.17% | not yet reported | not yet reported | not yet reported | $30,916 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2021 | $8.6M | Current | 4.17% | 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 |
| January 2022 | $8.6M | Matured balloon, non-performing | 4.17% | not yet reported | not yet reported | not yet reported | $30,916 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2022 | $8.6M | Matured balloon, non-performing | 4.17% | not yet reported | not yet reported | not yet reported | $30,916 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2022 | $8.6M | Matured balloon, non-performing | 4.17% | not yet reported | not yet reported | not yet reported | $27,924 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2022 | $8.6M | Matured balloon, non-performing | 4.17% | not yet reported | not yet reported | not yet reported | $30,916 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2022 | $8.6M | Matured balloon, non-performing | 4.17% | not yet reported | not yet reported | not yet reported | $29,919 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2022 | $8.6M | Matured balloon, non-performing | 4.17% | 1.44 | 1.52 | 95% | $30,916 | 12-31-2021 | $1.4M | $798,400 | $554,738 | $523,406 |
| July 2022 | $8.6M | Matured balloon, non-performing | 4.17% | 2.07 | 2.15 | 98% | $29,919 | 03-31-2022 | $365,485 | $171,958 | $193,527 | $185,694 |
| August 2022 | $8.6M | Matured balloon, non-performing | 4.17% | 2.07 | 2.15 | 98% | $30,916 | 03-31-2022 | $365,485 | $171,958 | $193,527 | $185,694 |
| September 2022 | $8.6M | Matured balloon, non-performing | 4.17% | 1.96 | 2.05 | 98% | $30,916 | 06-30-2022 | $704,512 | $332,662 | $371,851 | $356,185 |
| October 2022 | $8.6M | Matured balloon, non-performing | 4.17% | 1.96 | 2.05 | 98% | $29,919 | 06-30-2022 | $704,512 | $332,662 | $371,851 | $356,185 |
| November 2022 | $8.6M | Matured balloon, non-performing | 4.17% | 1.96 | 2.05 | 98% | $30,916 | 06-30-2022 | $704,512 | $332,662 | $371,851 | $356,185 |
| December 2022 | $8.6M | Matured balloon, non-performing | 4.17% | 1.96 | 2.05 | 98% | $29,919 | 06-30-2022 | $704,512 | $332,662 | $371,851 | $356,185 |
| January 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.95 | 2.04 | 98% | $30,916 | 09-30-2022 | $1.0M | $478,481 | $557,222 | $533,723 |
| February 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.95 | 2.04 | 98% | $30,916 | 09-30-2022 | $1.0M | $478,481 | $557,222 | $533,723 |
| March 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.95 | 2.04 | 98% | $27,924 | 09-30-2022 | $1.0M | $478,481 | $557,222 | $533,723 |
| April 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.81 | 1.90 | 96% | $30,916 | 12-31-2022 | $1.4M | $726,487 | $691,874 | $660,542 |
| May 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.81 | 1.90 | 96% | $29,919 | 12-31-2022 | $1.4M | $726,487 | $691,874 | $660,542 |
| June 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.81 | 1.90 | 96% | $30,916 | 12-31-2022 | $1.4M | $726,487 | $691,874 | $660,542 |
| July 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.85 | 1.94 | 95% | $29,919 | 03-31-2023 | $310,252 | $136,231 | $174,021 | $166,188 |
| August 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.85 | 1.94 | 95% | $30,916 | 03-31-2023 | $310,252 | $136,231 | $174,021 | $166,188 |
| September 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.44 | 1.53 | 93% | $30,916 | 06-30-2023 | $667,381 | $390,080 | $277,301 | $261,635 |
| October 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.44 | 1.53 | 93% | $29,919 | 06-30-2023 | $667,381 | $390,080 | $277,301 | $261,635 |
| November 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.44 | 1.53 | 93% | $30,916 | 06-30-2023 | $667,381 | $390,080 | $277,301 | $261,635 |
| December 2023 | $8.6M | Matured balloon, non-performing | 4.17% | 1.44 | 1.53 | 93% | $29,919 | 06-30-2023 | $667,381 | $390,080 | $277,301 | $261,635 |
| January 2024 | $8.6M | Matured balloon, non-performing | 4.17% | 1.44 | 1.53 | 93% | $30,916 | 06-30-2023 | $667,381 | $390,080 | $277,301 | $261,635 |
| February 2024 | $8.6M | Matured balloon, non-performing | 4.17% | 1.44 | 1.53 | 93% | $30,916 | 06-30-2023 | $667,381 | $390,080 | $277,301 | $261,635 |
| March 2024 | $8.6M | Matured balloon, non-performing | 4.17% | 1.44 | 1.53 | 93% | $28,921 | 06-30-2023 | $667,381 | $390,080 | $277,301 | $261,635 |
| April 2024 | $8.6M | Matured balloon, non-performing | 4.17% | 1.44 | 1.53 | 93% | $30,916 | 06-30-2023 | $667,381 | $390,080 | $277,301 | $261,635 |
| May 2024 | $8.6M | 30-59 days delinquent | 4.17% | 1.92 | 2.00 | 100% | $60,834 | 12-31-2023 | $1.4M | $667,545 | $730,720 | $699,388 |
| June 2024 | $8.6M | Matured balloon, non-performing | 4.17% | 1.92 | 2.00 | 100% | $30,916 | 12-31-2023 | $1.4M | $667,545 | $730,720 | $699,388 |
| July 2024 | $8.6M | 30-59 days delinquent | 4.17% | 1.92 | 2.00 | 100% | $72,882 | 12-31-2023 | $1.4M | $667,545 | $730,720 | $699,388 |
| August 2024 | $8.6M | 60-89 days delinquent | 4.17% | 1.92 | 2.00 | 100% | $83,932 | 12-31-2023 | $1.4M | $667,545 | $730,720 | $699,388 |
| September 2024 | $8.6M | Matured balloon, non-performing | 4.17% | 2.14 | 2.23 | 91% | $41,965 | 06-30-2024 | $801,865 | $395,244 | $406,621 | $390,955 |
| October 2024 | $8.6M | 30-59 days delinquent | 4.17% | 2.14 | 2.23 | 91% | $83,932 | 06-30-2024 | $801,865 | $395,244 | $406,621 | $390,955 |
| November 2024 | $8.6M | 30-59 days delinquent | 4.17% | 2.14 | 2.23 | 91% | $41,966 | 06-30-2024 | $801,865 | $395,244 | $406,621 | $390,955 |
| December 2024 | $8.6M | Matured balloon, non-performing | 4.17% | 2.01 | 2.09 | 94% | $41,967 | 09-30-2024 | $1.2M | $580,370 | $643,740 | $620,241 |
| January 2025 | $8.6M | Matured balloon, non-performing | 4.17% | 2.01 | 2.09 | 94% | $41,966 | 09-30-2024 | $1.2M | $580,370 | $643,740 | $620,241 |
| February 2025 | $8.5M | Matured balloon, non-performing | 4.17% | 2.01 | 2.09 | 94% | $41,966 | 09-30-2024 | $1.2M | $580,370 | $643,740 | $620,241 |
| March 2025 | $8.5M | Matured balloon, non-performing | 4.17% | 2.01 | 2.09 | 94% | $6,913 | 09-30-2024 | $1.2M | $580,370 | $643,740 | $620,241 |
| April 2025 | $8.5M | Matured balloon, non-performing | 4.17% | 2.01 | 2.09 | 94% | $77,022 | 09-30-2024 | $1.2M | $580,370 | $643,740 | $620,241 |
| May 2025 | $8.5M | Matured balloon, non-performing | 4.17% | 2.01 | 2.09 | 94% | $77,023 | 09-30-2024 | $1.2M | $580,370 | $643,740 | $620,241 |
| June 2025 | $8.5M | Current | 4.17% | 1.67 | 1.74 | 96% | $0 | 12-31-2024 | $1.6M | $859,708 | $756,501 | $725,169 |
| July 2025 | $8.5M | Matured balloon, non-performing | 4.17% | 1.67 | 1.74 | 96% | $77,023 | 12-31-2024 | $1.6M | $859,708 | $756,501 | $725,169 |
| August 2025 | $8.5M | Matured balloon, non-performing | 4.17% | 1.67 | 1.74 | 96% | $77,022 | 12-31-2024 | $1.6M | $859,708 | $756,501 | $725,169 |
| September 2025 | $8.5M | Matured balloon, non-performing | 4.17% | 1.67 | 1.74 | 96% | $77,022 | 12-31-2024 | $1.6M | $859,708 | $756,501 | $725,169 |
| October 2025 | $8.5M | 30-59 days delinquent | 4.17% | 1.67 | 1.74 | 96% | $118,990 | 12-31-2024 | $1.6M | $859,708 | $756,501 | $725,169 |
| November 2025 | $8.4M | 30-59 days delinquent | 4.17% | 1.67 | 1.74 | 96% | $118,990 | 12-31-2024 | $1.6M | $859,708 | $756,501 | $725,169 |
| December 2025 | $8.4M | 60-89 days delinquent | 4.17% | 1.62 | 1.69 | 89% | $160,957 | 06-30-2025 | $828,959 | $404,273 | $424,686 | $409,020 |
| January 2026 | $8.4M | 90+ days delinquent | 4.17% | 1.62 | 1.69 | 89% | $202,923 | 06-30-2025 | $828,959 | $404,273 | $424,686 | $409,020 |
| February 2026 | $8.4M | 90+ days delinquent | 4.17% | 1.62 | 1.69 | 89% | $244,890 | 06-30-2025 | $828,959 | $404,273 | $424,686 | $409,020 |
| March 2026 | $8.4M | 60-89 days delinquent | 4.17% | 1.62 | 1.69 | 89% | $160,959 | 06-30-2025 | $828,959 | $404,273 | $424,686 | $409,020 |
| April 2026 | $8.4M | 90+ days delinquent | 4.17% | 1.62 | 1.69 | 89% | $202,925 | 06-30-2025 | $828,959 | $404,273 | $424,686 | $409,020 |
| May 2026 | $8.4M | 90+ days delinquent | 4.17% | 1.62 | 1.69 | 89% | $244,893 | 06-30-2025 | $828,959 | $404,273 | $424,686 | $409,020 |
| June 2026 | $8.4M | 90+ days delinquent | 4.17% | 1.62 | 1.69 | 89% | $279,358 | 06-30-2025 | $828,959 | $404,273 | $424,686 | $409,020 |
| July 2026 | $8.4M | 90+ days delinquent | 4.17% | 1.62 | 1.69 | 89% | $286,270 | 06-30-2025 | $828,959 | $404,273 | $424,686 | $409,020 |
| August 2026 | $8.4M | 90+ days delinquent | 4.17% | 1.62 | 1.69 | 89% | $328,236 | 06-30-2025 | $828,959 | $404,273 | $424,686 | $409,020 |
| September 2026 | $8.4M | 90+ days delinquent | 4.17% | 1.62 | 1.69 | 89% | $370,203 | 06-30-2025 | $828,959 | $404,273 | $424,686 | $409,020 |
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 |
|---|---|
| May 2024 | First reported 30 or more days delinquent |
| 2025-12-04 | Transferred to the special servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.