← Bank 2021-BNK36 · Loan annex · CMBS market
- Deal
- Bank 2021-BNK36
- Current balance
- $2.7M (September 2026)
- Share of deal
- 0.3%
- Status
- Current
- DSCR (latest)
- 0.59
- Occupancy (latest)
- 94%
- Scheduled maturity
- 2031-07-01
Property and terms
| Property | 4601 S INDIANA AVE |
| Address | 4601 SOUTH INDIANA AVENUE; Chicago, IL 60653 |
| Property type | Multifamily |
| Units, beds or keys | 18 |
| Net rentable square feet | not yet reported |
| Year built | 1901 |
| Year last renovated | 2019 |
| Original balance | $2.8M |
| Current balance | $2.7M (September 2026) |
| Share of deal balance | 0.3% |
| Interest rate at origination | 4.75% |
| Current interest rate | 4.75% |
| Origination date | 06-03-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2031-07-01 |
| Prepayment lockout end | 03-31-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Bank, N.A. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $4.0M | 04-29-2021 | MAI |
| Most recent reported | $3.0M | 2025-07-29 | MAI |
Change from securitization to the most recent reported valuation: -25.5%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October 2021 | $2.8M | Current | 4.75% | 0.95 | 0.95 | 100% | $0 | 03-31-2021 | $259,447 | $92,623 | $166,823 | $166,823 |
| November 2021 | $2.8M | Current | 4.75% | 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 |
| December 2021 | $2.8M | Current | 4.75% | 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 | $2.8M | Current | 4.75% | 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 |
| February 2022 | $2.8M | Current | 4.75% | 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 2022 | $2.8M | Current | 4.75% | 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 | $2.8M | Current | 4.75% | 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 2022 | $2.8M | Current | 4.75% | 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 2022 | $2.8M | Current | 4.75% | 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 2022 | $2.8M | Current | 4.75% | 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 2022 | $2.8M | Current | 4.75% | 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 2022 | $2.8M | Current | 4.75% | 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 2022 | $2.8M | Current | 4.75% | 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 |
| November 2022 | $2.8M | Current | 4.75% | 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 |
| December 2022 | $2.8M | Current | 4.75% | 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 2023 | $2.8M | Current | 4.75% | 1.48 | 1.54 | 100% | $0 | 09-30-2022 | $242,006 | $85,987 | $156,019 | $149,846 |
| April 2023 | $2.8M | Current | 4.75% | 1.48 | 1.54 | 100% | $0 | 09-30-2022 | $242,006 | $85,987 | $156,019 | $149,846 |
| May 2023 | $2.8M | Current | 4.75% | 1.56 | 1.62 | 100% | $0 | 12-31-2022 | $331,017 | $112,713 | $218,304 | $210,073 |
| June 2023 | $2.8M | Current | 4.75% | 1.56 | 1.62 | 100% | $0 | 12-31-2022 | $331,017 | $112,713 | $218,304 | $210,073 |
| July 2023 | $2.8M | Current | 4.75% | 1.56 | 1.62 | 100% | $0 | 12-31-2022 | $331,017 | $112,713 | $218,304 | $210,073 |
| August 2023 | $2.8M | Current | 4.75% | 1.39 | 1.45 | 94% | $0 | 06-30-2023 | $162,442 | $64,824 | $97,618 | $93,502 |
| September 2023 | $2.8M | Matured balloon, non-performing | 4.75% | 1.39 | 1.45 | 94% | $11,441 | 06-30-2023 | $162,442 | $64,824 | $97,618 | $93,502 |
| October 2023 | $2.8M | Current | 4.75% | 1.39 | 1.45 | 94% | $0 | 06-30-2023 | $162,442 | $64,824 | $97,618 | $93,502 |
| November 2023 | $2.8M | Matured balloon, non-performing | 4.75% | 1.39 | 1.45 | 94% | $11,441 | 06-30-2023 | $162,442 | $64,824 | $97,618 | $93,502 |
| December 2023 | $2.8M | Matured balloon, non-performing | 4.75% | 1.39 | 1.45 | 94% | $11,072 | 06-30-2023 | $162,442 | $64,824 | $97,618 | $93,502 |
| January 2024 | $2.8M | Matured balloon, non-performing | 4.75% | 1.39 | 1.45 | 94% | $11,441 | 06-30-2023 | $162,442 | $64,824 | $97,618 | $93,502 |
| February 2024 | $2.8M | Current | 4.75% | 1.39 | 1.45 | 94% | $0 | 06-30-2023 | $162,442 | $64,824 | $97,618 | $93,502 |
| March 2024 | $2.8M | Matured balloon, non-performing | 4.75% | 1.39 | 1.45 | 94% | $10,703 | 06-30-2023 | $162,442 | $64,824 | $97,618 | $93,502 |
| April 2024 | $2.8M | Matured balloon, non-performing | 4.75% | 1.47 | 1.53 | 94% | $11,441 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| May 2024 | $2.8M | Current | 4.75% | 1.47 | 1.53 | 94% | $0 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| June 2024 | $2.8M | Current | 4.75% | 1.47 | 1.53 | 94% | $0 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| July 2024 | $2.8M | Matured balloon, non-performing | 4.75% | 1.47 | 1.53 | 94% | $11,072 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| August 2024 | $2.8M | Matured balloon, non-performing | 4.75% | 1.47 | 1.53 | 94% | $14,594 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| September 2024 | $2.8M | Matured balloon, non-performing | 4.75% | 1.47 | 1.53 | 94% | $14,594 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| October 2024 | $2.8M | Matured balloon, non-performing | 4.75% | 1.47 | 1.53 | 94% | $14,594 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| November 2024 | $2.8M | 30-59 days delinquent | 4.75% | 1.47 | 1.53 | 94% | $14,594 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| December 2024 | $2.8M | 30-59 days delinquent | 4.75% | 1.47 | 1.53 | 94% | $14,595 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| January 2025 | $2.8M | 60-89 days delinquent | 4.75% | 1.47 | 1.53 | 94% | $29,189 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| February 2025 | $2.8M | 60-89 days delinquent | 4.75% | 1.47 | 1.53 | 94% | $29,188 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| March 2025 | $2.8M | 90+ days delinquent | 4.75% | 1.47 | 1.53 | 94% | $43,784 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| April 2025 | $2.8M | 30-59 days delinquent | 4.75% | 1.47 | 1.53 | 94% | $29,190 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| May 2025 | $2.8M | 60-89 days delinquent | 4.75% | 1.47 | 1.53 | 94% | $43,784 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| June 2025 | $2.8M | 90+ days delinquent | 4.75% | 1.47 | 1.53 | 94% | $58,378 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| July 2025 | $2.8M | 90+ days delinquent | 4.75% | 1.47 | 1.53 | 94% | $72,973 | 12-31-2023 | $345,623 | $139,753 | $205,870 | $197,639 |
| August 2025 | $2.8M | 90+ days delinquent | 4.75% | 0.61 | 0.66 | 83% | $87,567 | 03-31-2025 | $77,964 | $49,254 | $28,710 | $26,652 |
| September 2025 | $2.8M | 90+ days delinquent | 4.75% | 0.61 | 0.66 | 83% | $102,161 | 03-31-2025 | $77,964 | $49,254 | $28,710 | $26,652 |
| October 2025 | $2.8M | 90+ days delinquent | 4.75% | 0.61 | 0.66 | 83% | $116,115 | 03-31-2025 | $77,964 | $49,254 | $28,710 | $26,652 |
| November 2025 | $2.8M | 90+ days delinquent | 4.75% | -0.35 | -0.31 | 89% | $130,090 | 06-30-2025 | $152,893 | $179,801 | $-26,908 | $-31,024 |
| December 2025 | $2.8M | 90+ days delinquent | 4.75% | -0.35 | -0.31 | 89% | $144,684 | 06-30-2025 | $152,893 | $179,801 | $-26,908 | $-31,024 |
| January 2026 | $2.8M | 90+ days delinquent | 4.75% | -0.35 | -0.31 | 89% | $159,279 | 06-30-2025 | $152,893 | $179,801 | $-26,908 | $-31,024 |
| February 2026 | $2.7M | Matured balloon, non-performing | 4.75% | 0.33 | 0.37 | 94% | $14,594 | 09-30-2025 | $243,555 | $194,646 | $48,909 | $42,736 |
| March 2026 | $2.7M | Current | 4.75% | 0.33 | 0.37 | 94% | $0 | 09-30-2025 | $243,555 | $194,646 | $48,909 | $42,736 |
| April 2026 | $2.7M | Current | 4.75% | 0.33 | 0.37 | 94% | $0 | 09-30-2025 | $243,555 | $194,646 | $48,909 | $42,736 |
| May 2026 | $2.7M | Current | 4.75% | 0.33 | 0.37 | 94% | $0 | 09-30-2025 | $243,555 | $194,646 | $48,909 | $42,736 |
| June 2026 | $2.7M | Current | 4.75% | 0.59 | 0.64 | 94% | $0 | 12-31-2025 | $350,043 | $237,657 | $112,386 | $104,155 |
| July 2026 | $2.7M | Current | 4.75% | 0.59 | 0.64 | 94% | $0 | 12-31-2025 | $350,043 | $237,657 | $112,386 | $104,155 |
| August 2026 | $2.7M | Current | 4.75% | 0.59 | 0.64 | 94% | $0 | 12-31-2025 | $350,043 | $237,657 | $112,386 | $104,155 |
| September 2026 | $2.7M | Current | 4.75% | 0.59 | 0.64 | 94% | $0 | 12-31-2025 | $350,043 | $237,657 | $112,386 | $104,155 |
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 |
|---|---|
| November 2024 | First reported 30 or more days delinquent |
| 2025-02-12 | Transferred to the special servicer |
| 2026-01-09 | Loan modified (maturity after modification 2031-07-01) |
| 2026-08-11 | Returned to the master servicer |
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: Bank 2022-BNK40.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.