← Benchmark 2021-B27 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2021-B27 Mortgage Trust
- Current balance
- $10.4M (September 2026)
- Share of deal
- 1.0%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2031-06-06
Property and terms
| Property | Mission Promenade |
| Address | 101 W. Mission Boulevard; Pomona, CA 91766 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 45,275 |
| Year built | 2003 |
| Year last renovated | 2020 |
| Original balance | $10.4M |
| Current balance | $10.4M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 3.92% |
| Current interest rate | 3.92% |
| Origination date | 05-20-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 60 months |
| Scheduled maturity | 2031-06-06 |
| Prepayment lockout end | 07-05-2023 |
| Yield maintenance end | 03-05-2031 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | DBR Investments Co. Limited |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | Yes |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $16.0M | 11-25-2020 | MAI |
| Most recent reported | $16.0M | 2020-11-25 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| El Jefe/Senor Sushi | 6,180 | 03-01-2029 |
| U.S. Bank National Association | 4,011 | 09-30-2029 |
| Salon Suites | 3,164 | 05-30-2030 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2021 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 2021 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 2.60 | 2.67 | 78% | $0 | 09-30-2021 | $1.4M | $277,635 | $1.1M | $1.1M |
| February 2022 | $10.4M | Current | 3.92% | 2.60 | 2.67 | 78% | $0 | 09-30-2021 | $1.4M | $277,635 | $1.1M | $1.1M |
| March 2022 | $10.4M | Current | 3.92% | 2.60 | 2.67 | 78% | $0 | 09-30-2021 | $1.4M | $277,635 | $1.1M | $1.1M |
| April 2022 | $10.4M | Current | 3.92% | 2.45 | 2.52 | not yet reported | $0 | 12-31-2021 | $1.3M | $262,352 | $1.0M | $1.0M |
| May 2022 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 2023 | $10.4M | Current | 3.92% | 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 2023 | $10.4M | Current | 3.92% | 2.58 | 2.66 | 94% | $0 | 06-30-2022 | $1.4M | $275,984 | $1.1M | $1.1M |
| April 2023 | $10.4M | Current | 3.92% | 2.89 | 2.96 | not yet reported | $0 | 12-31-2022 | $1.5M | $256,316 | $1.2M | $1.2M |
| May 2023 | $10.4M | Matured balloon, non-performing | 3.92% | not yet reported | not yet reported | not yet reported | $33,960 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2023 | $10.4M | Matured balloon, non-performing | 3.92% | not yet reported | not yet reported | not yet reported | $35,092 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2023 | $10.4M | Current | 3.92% | 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 | $10.4M | Matured balloon, non-performing | 3.92% | not yet reported | not yet reported | not yet reported | $35,092 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2023 | $10.4M | 30-59 days delinquent | 3.92% | not yet reported | not yet reported | not yet reported | $70,185 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2023 | $10.4M | Current | 3.92% | 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 | $10.4M | Matured balloon, non-performing | 3.92% | not yet reported | not yet reported | not yet reported | $35,092 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2023 | $10.4M | Matured balloon, non-performing | 3.92% | 2.53 | 2.61 | not yet reported | $33,960 | 06-30-2023 | $1.4M | $326,564 | $1.1M | $1.0M |
| January 2024 | $10.4M | Current | 3.92% | 2.93 | 3.01 | 64% | $0 | 09-30-2023 | $1.5M | $258,862 | $1.2M | $1.2M |
| February 2024 | $10.4M | Current | 3.92% | 2.93 | 3.01 | 64% | $0 | 09-30-2023 | $1.5M | $258,862 | $1.2M | $1.2M |
| March 2024 | $10.4M | Current | 3.92% | 2.93 | 3.01 | 64% | $0 | 09-30-2023 | $1.5M | $258,862 | $1.2M | $1.2M |
| April 2024 | $10.4M | Current | 3.92% | 2.93 | 3.01 | 64% | $0 | 09-30-2023 | $1.5M | $258,862 | $1.2M | $1.2M |
| May 2024 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 2024 | $10.4M | Matured balloon, non-performing | 3.92% | 1.86 | 1.93 | 64% | $35,092 | 06-30-2024 | $1.1M | $285,529 | $798,415 | $767,877 |
| October 2024 | $10.4M | Current | 3.92% | 1.86 | 1.93 | 64% | $0 | 06-30-2024 | $1.1M | $285,529 | $798,415 | $767,877 |
| November 2024 | $10.4M | Current | 3.92% | 1.86 | 1.93 | 64% | $0 | 06-30-2024 | $1.1M | $285,529 | $798,415 | $767,877 |
| December 2024 | $10.4M | Matured balloon, non-performing | 3.92% | 1.86 | 1.93 | 64% | $33,960 | 06-30-2024 | $1.1M | $285,529 | $798,415 | $767,877 |
| January 2025 | $10.4M | 30-59 days delinquent | 3.92% | 2.00 | 2.08 | 64% | $69,053 | 09-30-2024 | $1.1M | $289,094 | $859,102 | $828,564 |
| February 2025 | $10.4M | 60-89 days delinquent | 3.92% | 2.00 | 2.08 | 64% | $104,145 | 09-30-2024 | $1.1M | $289,094 | $859,102 | $828,564 |
| March 2025 | $10.4M | Current | 3.92% | 2.00 | 2.08 | 64% | $0 | 09-30-2024 | $1.1M | $289,094 | $859,102 | $828,564 |
| April 2025 | $10.4M | Matured balloon, non-performing | 3.92% | 2.00 | 2.08 | 64% | $35,092 | 09-30-2024 | $1.1M | $289,094 | $859,102 | $828,564 |
| May 2025 | $10.4M | 30-59 days delinquent | 3.92% | not yet reported | not yet reported | not yet reported | $69,053 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $10.4M | Current | 3.92% | 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 2025 | $8.2M | Current | 3.93% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 | $10.4M | Current | 3.92% | 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 2025 | $10.4M | Current | 3.92% | 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 2026 | $10.4M | Matured balloon, non-performing | 3.92% | not yet reported | not yet reported | not yet reported | $35,092 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $10.4M | 30-59 days delinquent | 3.92% | not yet reported | not yet reported | not yet reported | $70,185 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $10.4M | 30-59 days delinquent | 3.92% | 1.73 | 1.81 | 69% | $66,789 | 12-31-2025 | $1.2M | $409,758 | $746,460 | $715,922 |
| April 2026 | $10.4M | Current | 3.92% | 1.73 | 1.81 | 69% | $0 | 12-31-2025 | $1.2M | $409,758 | $746,460 | $715,922 |
| May 2026 | $10.4M | Current | 3.92% | 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 2026 | $10.4M | Current | 3.92% | 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 2026 | $10.4M | Current | 3.92% | 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 2026 | $10.4M | Current | 3.92% | 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 2026 | $10.4M | Matured balloon, non-performing | 3.92% | not yet reported | not yet reported | not yet reported | $49,156 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
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 |
|---|---|
| September 2023 | First reported 30 or more days delinquent |
| 2025-07-11 | Defeasance recorded (first filing showing defeased status) |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.