← Benchmark 2021-B26 Mortgage Trust (segment D02, CIK 1858289) · Loan annex · CMBS market
- Deal
- Benchmark 2021-B26 Mortgage Trust (segment D02, CIK 1858289)
- Current balance
- $75.0M (October 2023)
- Share of deal
- 9.3%
- Status
- Current
- DSCR (latest)
- 2.93
- Occupancy (latest)
- 91%
- Scheduled maturity
- 2032-03-05
Property and terms
| Property | MGM Grand (and 1 more properties) |
| Address | 3799 S. Las Vegas Boulevard; 3930 & 3950 S. Las Vegas Boulevard; Las Vegas, NV (and 1 more) 89109 |
| Property type | Lodging |
| Units, beds or keys | ["4873", "4741"] |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $75.0M |
| Current balance | $75.0M (October 2023) |
| Share of deal balance | 9.3% |
| Interest rate at origination | 3.56% |
| Current interest rate | 3.56% |
| Origination date | 02-14-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2032-03-05 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | 09-04-2029 |
| Servicer | KeyBank (BX 2020-VIVA) |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc.,, Deutsche Bank AG, acting through its New York Branch |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI"] |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October 2023 | $75.0M | Current | 3.56% | 2.93 | 3.26 | 91% | $0 | 06-30-2023 | $1.29B | $1.10B | $192.1M | $172.7M |
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.
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: BBCMS Mortgage Trust 2020-C8; BBCMS Mortgage Trust 2021-C9; Benchmark 2020-B18 Mortgage Trust; Benchmark 2020-B19 Mortgage Trust; Benchmark 2020-B20 Mortgage Trust; Benchmark 2020-B21 Mortgage Trust; Benchmark 2020-B22 Mortgage Trust; Benchmark 2021-B23 Mortgage Trust; Benchmark 2021-B24 Mortgage Trust; CSAIL 2021-C20 Commercial Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.