← Benchmark 2021-B27 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2021-B27 Mortgage Trust
- Current balance
- $5.0M (September 2026)
- Share of deal
- 0.5%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 1.36
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2031-06-06
Property and terms
| Property | 20 Carter Drive |
| Address | 20 Carter Drive; Guilford, CT 06437 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 69,900 |
| Year built | 1979 |
| Year last renovated | 1989 |
| Original balance | $5.5M |
| Current balance | $5.0M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 3.89% |
| Current interest rate | 3.89% |
| Origination date | 05-24-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2031-06-06 |
| Prepayment lockout end | 04-05-2031 |
| 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 | $8.5M | 04-20-2021 | MAI |
| Most recent reported | $8.5M | 2021-04-20 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Brook & Whittle Limited | 69,900 | 03-31-2033 |
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 | $5.5M | Current | 3.89% | 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 | $5.5M | Current | 3.89% | 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 | $5.5M | Current | 3.89% | 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 | $5.5M | Current | 3.89% | 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 | $5.5M | Current | 3.89% | 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 | $5.5M | Current | 3.89% | 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 | $5.5M | Current | 3.89% | 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 | $5.4M | Current | 3.89% | 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 | $5.4M | Current | 3.89% | 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 | $5.4M | Current | 3.89% | 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 | $5.4M | Current | 3.89% | 1.13 | 1.22 | 47% | $0 | 12-31-2021 | $535,037 | $156,654 | $378,383 | $350,493 |
| May 2022 | $5.4M | Current | 3.89% | 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 | $5.4M | Current | 3.89% | 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 | $5.4M | Current | 3.89% | 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 | $5.4M | Current | 3.89% | 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 | $5.4M | Current | 3.89% | 1.42 | 1.51 | 100% | $0 | 06-30-2022 | $624,469 | $155,666 | $468,803 | $440,913 |
| October 2022 | $5.4M | Current | 3.89% | 1.42 | 1.51 | 100% | $0 | 06-30-2022 | $624,469 | $155,666 | $468,803 | $440,913 |
| November 2022 | $5.4M | Current | 3.89% | 1.42 | 1.51 | 100% | $0 | 06-30-2022 | $624,469 | $155,666 | $468,803 | $440,913 |
| December 2022 | $5.4M | Current | 3.89% | 1.43 | 1.51 | 100% | $0 | 09-30-2022 | $625,689 | $154,654 | $471,035 | $443,145 |
| January 2023 | $5.3M | Current | 3.89% | 1.43 | 1.51 | 100% | $0 | 09-30-2022 | $625,689 | $154,654 | $471,035 | $443,145 |
| February 2023 | $5.3M | Current | 3.89% | 1.43 | 1.51 | 100% | $0 | 09-30-2022 | $625,689 | $154,654 | $471,035 | $443,145 |
| March 2023 | $5.3M | Current | 3.89% | 1.43 | 1.51 | 100% | $0 | 09-30-2022 | $625,689 | $154,654 | $471,035 | $443,145 |
| April 2023 | $5.3M | Current | 3.89% | 1.43 | 1.52 | 100% | $0 | 12-31-2022 | $626,960 | $155,370 | $471,590 | $443,700 |
| May 2023 | $5.3M | Current | 3.89% | 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 | $5.3M | Matured balloon, non-performing | 3.89% | not yet reported | not yet reported | not yet reported | $25,899 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2023 | $5.3M | Current | 3.89% | 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 | $5.3M | Current | 3.89% | 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 | $5.3M | Current | 3.89% | 1.44 | 1.53 | 100% | $0 | 06-30-2023 | $626,920 | $149,896 | $477,023 | $449,133 |
| October 2023 | $5.3M | Current | 3.89% | 1.44 | 1.53 | 100% | $0 | 06-30-2023 | $626,920 | $149,896 | $477,023 | $449,133 |
| November 2023 | $5.3M | Current | 3.89% | 1.44 | 1.53 | 100% | $0 | 06-30-2023 | $626,920 | $149,896 | $477,023 | $449,133 |
| December 2023 | $5.3M | Current | 3.89% | 1.44 | 1.53 | not yet reported | $0 | 09-30-2023 | $626,971 | $152,748 | $474,223 | $446,333 |
| January 2024 | $5.3M | Matured balloon, non-performing | 3.89% | 1.44 | 1.53 | 100% | $25,899 | 09-30-2023 | $626,971 | $152,748 | $474,223 | $446,333 |
| February 2024 | $5.3M | 30-59 days delinquent | 3.89% | 1.44 | 1.53 | 100% | $51,798 | 09-30-2023 | $626,971 | $152,748 | $474,223 | $446,333 |
| March 2024 | $5.2M | Current | 3.89% | 1.44 | 1.53 | 100% | $0 | 09-30-2023 | $626,971 | $152,748 | $474,223 | $446,333 |
| April 2024 | $5.2M | Matured balloon, non-performing | 3.89% | 1.43 | 1.52 | 100% | $25,899 | 12-31-2023 | $626,971 | $153,993 | $472,978 | $445,088 |
| May 2024 | $5.2M | Matured balloon, non-performing | 3.89% | not yet reported | not yet reported | not yet reported | $25,899 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $5.2M | Current | 3.89% | 1.50 | 1.59 | 100% | $0 | 03-31-2024 | $626,971 | $131,912 | $495,059 | $467,169 |
| July 2024 | $5.2M | Matured balloon, non-performing | 3.89% | 1.50 | 1.59 | 100% | $25,899 | 03-31-2024 | $626,971 | $131,912 | $495,059 | $467,169 |
| August 2024 | $5.2M | 30-59 days delinquent | 3.89% | 1.50 | 1.59 | 100% | $51,798 | 03-31-2024 | $626,971 | $131,912 | $495,059 | $467,169 |
| September 2024 | $5.2M | Current | 3.89% | 1.45 | 1.54 | 100% | $0 | 06-30-2024 | $626,971 | $148,719 | $478,251 | $450,361 |
| October 2024 | $5.2M | Current | 3.89% | 1.45 | 1.54 | 100% | $0 | 06-30-2024 | $626,971 | $148,719 | $478,251 | $450,361 |
| November 2024 | $5.2M | Current | 3.89% | 1.45 | 1.54 | 100% | $0 | 06-30-2024 | $626,971 | $148,719 | $478,251 | $450,361 |
| December 2024 | $5.1M | Current | 3.89% | 1.45 | 1.54 | 100% | $0 | 06-30-2024 | $626,971 | $148,719 | $478,251 | $450,361 |
| January 2025 | $5.1M | Current | 3.89% | 1.45 | 1.54 | 100% | $0 | 09-30-2024 | $626,971 | $146,787 | $480,184 | $452,294 |
| February 2025 | $5.1M | Current | 3.89% | 1.45 | 1.54 | 100% | $0 | 09-30-2024 | $626,971 | $146,787 | $480,184 | $452,294 |
| March 2025 | $5.1M | Current | 3.89% | 1.45 | 1.54 | 100% | $0 | 09-30-2024 | $626,971 | $146,787 | $480,184 | $452,294 |
| April 2025 | $5.1M | Current | 3.89% | 1.45 | 1.54 | 100% | $0 | 09-30-2024 | $626,971 | $146,787 | $480,184 | $452,294 |
| May 2025 | $5.1M | Current | 3.89% | 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 2025 | $5.1M | Current | 3.89% | 1.39 | 1.48 | 100% | $0 | 03-31-2025 | $609,506 | $149,212 | $460,293 | $432,403 |
| August 2025 | $5.1M | Current | 3.89% | 1.39 | 1.48 | 100% | $0 | 03-31-2025 | $609,506 | $149,212 | $460,293 | $432,403 |
| September 2025 | $5.1M | Current | 3.89% | 1.37 | 1.45 | 100% | $0 | 06-30-2025 | $609,506 | $157,129 | $452,376 | $424,486 |
| October 2025 | $5.1M | Current | 3.89% | 1.37 | 1.45 | 100% | $0 | 06-30-2025 | $609,506 | $157,129 | $452,376 | $424,486 |
| November 2025 | $5.0M | Current | 3.89% | 1.37 | 1.45 | 100% | $0 | 06-30-2025 | $609,506 | $157,129 | $452,376 | $424,486 |
| December 2025 | $5.0M | Current | 3.89% | 1.34 | 1.43 | 100% | $0 | 09-30-2025 | $609,506 | $164,069 | $445,436 | $417,546 |
| January 2026 | $5.0M | Current | 3.89% | 1.34 | 1.43 | 100% | $0 | 09-30-2025 | $609,506 | $164,069 | $445,436 | $417,546 |
| February 2026 | $5.0M | Current | 3.89% | 1.34 | 1.43 | 100% | $0 | 09-30-2025 | $609,506 | $164,069 | $445,436 | $417,546 |
| March 2026 | $5.0M | Current | 3.89% | 1.34 | 1.43 | 100% | $0 | 09-30-2025 | $609,506 | $164,069 | $445,436 | $417,546 |
| April 2026 | $5.0M | Current | 3.89% | 1.33 | 1.42 | 100% | $0 | 12-31-2025 | $609,506 | $167,339 | $442,166 | $414,276 |
| May 2026 | $5.0M | Current | 3.89% | 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 | $5.0M | Current | 3.89% | 1.35 | 1.44 | 100% | $0 | 03-31-2026 | $626,971 | $179,357 | $447,613 | $419,723 |
| July 2026 | $5.0M | Current | 3.89% | 1.35 | 1.44 | 100% | $0 | 03-31-2026 | $626,971 | $179,357 | $447,613 | $419,723 |
| August 2026 | $5.0M | Current | 3.89% | 1.36 | 1.45 | 100% | $0 | 06-30-2026 | $628,871 | $179,015 | $449,856 | $421,966 |
| September 2026 | $5.0M | Matured balloon, non-performing | 3.89% | 1.36 | 1.45 | 100% | $25,900 | 06-30-2026 | $628,871 | $179,015 | $449,856 | $421,966 |
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 |
|---|---|
| February 2024 | First reported 30 or more days delinquent |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.