← Benchmark 2020-B21 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2020-B21 Mortgage Trust
- Current balance
- $26.2M (September 2026)
- Share of deal
- 2.6%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 1.85
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2030-11-06
Property and terms
| Property | 44 Whippany |
| Address | 44 Whippany Road; Morristown, NJ 7960 |
| Property type | Office |
| Units, beds or keys | 14 |
| Net rentable square feet | 231,865 |
| Year built | 1986 |
| Year last renovated | not yet reported |
| Original balance | $26.2M |
| Current balance | $26.2M (September 2026) |
| Share of deal balance | 2.6% |
| Interest rate at origination | 3.56% |
| Current interest rate | 3.56% |
| Origination date | 10-30-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-11-06 |
| Prepayment lockout end | 09-05-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $35.0M | 09-25-2020 | MAI |
| Most recent reported | $35.0M | 2020-09-25 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Whipp Morristown, LLC | 231,865 | 10-30-2119 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2020 | $26.2M | Current | 3.56% | 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 2020 | $26.2M | Current | 3.56% | 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 2021 | $26.2M | Current | 3.56% | 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 2021 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $25.7M | Current | 3.62% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 06-30-2021 | $1.8M | not yet reported | $1.8M | $1.8M |
| October 2021 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 06-30-2021 | $1.8M | not yet reported | $1.8M | $1.8M |
| November 2021 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 06-30-2021 | $1.8M | not yet reported | $1.8M | $1.8M |
| December 2021 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 06-30-2021 | $1.8M | not yet reported | $1.8M | $1.8M |
| January 2022 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 09-30-2021 | $1.8M | not yet reported | $1.8M | $1.8M |
| February 2022 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 09-30-2021 | $1.8M | not yet reported | $1.8M | $1.8M |
| March 2022 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 09-30-2021 | $1.8M | not yet reported | $1.8M | $1.8M |
| April 2022 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 09-30-2021 | $1.8M | not yet reported | $1.8M | $1.8M |
| May 2022 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 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 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 09-30-2022 | $1.8M | not yet reported | $1.8M | $1.8M |
| February 2023 | $26.2M | Matured balloon, non-performing | 3.56% | 1.85 | 1.85 | 100% | $80,414 | 09-30-2022 | $1.8M | not yet reported | $1.8M | $1.8M |
| March 2023 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 09-30-2022 | $1.8M | not yet reported | $1.8M | $1.8M |
| April 2023 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 09-30-2022 | $1.8M | not yet reported | $1.8M | $1.8M |
| May 2023 | $26.2M | Current | 3.56% | 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 2023 | $26.2M | Current | 3.56% | 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 2023 | $26.2M | Current | 3.56% | 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 2023 | $26.2M | Current | 3.56% | 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 2023 | $26.2M | Current | 3.56% | 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 2023 | $26.2M | Current | 3.56% | 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 2023 | $26.2M | Current | 3.56% | 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 2023 | $26.2M | Current | 3.56% | 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 2024 | $26.2M | Current | 3.56% | 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 2024 | $26.2M | Current | 3.56% | 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 2024 | $26.2M | Current | 3.56% | 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 2024 | $26.2M | Current | 3.56% | 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 2024 | $26.2M | Current | 3.56% | 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 2024 | $26.2M | Current | 3.56% | 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 2024 | $26.2M | Current | 3.56% | 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 2024 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 03-31-2024 | $437,762 | not yet reported | $437,762 | $437,762 |
| September 2024 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 03-31-2024 | $437,762 | not yet reported | $437,762 | $437,762 |
| October 2024 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 03-31-2024 | $437,762 | not yet reported | $437,762 | $437,762 |
| November 2024 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 03-31-2024 | $437,762 | not yet reported | $437,762 | $437,762 |
| December 2024 | $26.2M | Matured balloon, non-performing | 3.56% | 1.85 | 1.85 | 100% | $77,820 | 03-31-2024 | $437,762 | not yet reported | $437,762 | $437,762 |
| January 2025 | $26.2M | 30-59 days delinquent | 3.56% | 1.85 | 1.85 | 100% | $158,235 | 03-31-2024 | $437,762 | not yet reported | $437,762 | $437,762 |
| February 2025 | $26.2M | 60-89 days delinquent | 3.56% | 1.85 | 1.85 | 100% | $238,649 | 09-30-2024 | $1.8M | not yet reported | $1.8M | $1.8M |
| March 2025 | $26.2M | 90+ days delinquent | 3.56% | 1.85 | 1.85 | 100% | $311,281 | 09-30-2024 | $1.8M | not yet reported | $1.8M | $1.8M |
| April 2025 | $26.2M | 30-59 days delinquent | 3.56% | 1.85 | 1.85 | 100% | $153,047 | 09-30-2024 | $1.8M | not yet reported | $1.8M | $1.8M |
| May 2025 | $26.2M | Matured balloon, non-performing | 3.56% | not yet reported | not yet reported | not yet reported | $77,820 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $26.2M | Matured balloon, non-performing | 3.56% | not yet reported | not yet reported | not yet reported | $80,414 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $26.2M | Current | 3.56% | 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 2025 | $26.2M | Current | 3.56% | 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 2025 | $26.2M | Current | 3.56% | 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 2025 | $26.2M | Current | 3.56% | 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 2025 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 09-30-2025 | $1.8M | not yet reported | $1.8M | $1.8M |
| December 2025 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 09-30-2025 | $1.8M | not yet reported | $1.8M | $1.8M |
| January 2026 | $26.2M | Current | 3.56% | 1.85 | 1.85 | 100% | $0 | 09-30-2025 | $1.8M | not yet reported | $1.8M | $1.8M |
| February 2026 | $26.2M | Matured balloon, non-performing | 3.56% | 1.85 | 1.85 | 100% | $80,414 | 09-30-2025 | $1.8M | not yet reported | $1.8M | $1.8M |
| March 2026 | $26.2M | Matured balloon, non-performing | 3.56% | 1.85 | 1.85 | 100% | $72,632 | 09-30-2025 | $1.8M | not yet reported | $1.8M | $1.8M |
| April 2026 | $26.2M | Matured balloon, non-performing | 3.56% | 1.85 | 1.85 | 100% | $80,414 | 09-30-2025 | $1.8M | not yet reported | $1.8M | $1.8M |
| May 2026 | $26.2M | Matured balloon, non-performing | 3.56% | not yet reported | not yet reported | not yet reported | $77,820 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $26.2M | Matured balloon, non-performing | 3.56% | not yet reported | not yet reported | not yet reported | $80,414 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $26.2M | Matured balloon, non-performing | 3.56% | not yet reported | not yet reported | not yet reported | $77,820 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $26.2M | Matured balloon, non-performing | 3.56% | not yet reported | not yet reported | not yet reported | $80,414 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $26.2M | Matured balloon, non-performing | 3.56% | 1.85 | 1.85 | 100% | $80,414 | 06-30-2026 | $1.8M | not yet reported | $1.8M | $1.8M |
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 |
|---|---|
| January 2025 | First reported 30 or more days delinquent |
| 2025-02-11 | Transferred to the special servicer |
| 2025-07-28 | Returned to the master servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.