← 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
- $50.0M (October 2023)
- Share of deal
- 6.2%
- Status
- Current
- DSCR (latest)
- 2.70
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2031-01-01
Property and terms
| Property | Foster Plaza (and 1 more properties) |
| Address | 415, 425, 601, 501 & 651 Holiday Drive and 681, 661 & 680 Andersen Drive; 200, 300 & 600 Corporate Center Drive, 400 Fairway Drive and 500, 625 & 700 Cherrington Parkway; Pittsburgh, PA (and 1 more) 15220 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $50.0M |
| Current balance | $50.0M (October 2023) |
| Share of deal balance | 6.2% |
| Interest rate at origination | 3.39% |
| Current interest rate | 3.39% |
| Origination date | 12-02-2020 |
| Original term | 121 months |
| Amortization term | 360 months |
| Interest-only period | 37 months |
| Scheduled maturity | 2031-01-01 |
| Prepayment lockout end | 10-31-2030 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | JPMorgan Chase Bank, National Association |
| 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"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Tetra Tech, Inc. | not yet reported | ["02-28-2025", "11-30-2033"] |
| Wexford Health Sources, Inc. | not yet reported | ["08-31-2026", "03-31-2027"] |
| L.B. Foster Company | not yet reported | ["04-30-2027", "08-31-2025"] |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October 2023 | $50.0M | Current | 3.39% | 2.70 | 3.11 | not yet reported | $0 | 03-31-2023 | $4.7M | $2.3M | $2.4M | $2.1M |
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: Benchmark 2020-B22 Mortgage Trust; Benchmark 2021-B23 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.