← Benchmark 2021-B27 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2021-B27 Mortgage Trust
- Current balance
- $41.0M (September 2026)
- Share of deal
- 3.9%
- Status
- Current
- DSCR (latest)
- 2.23
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2036-04-06
Property and terms
| Property | 12517 E Us 40 Hwy (and 55 more properties) |
| Address | 12517 US Route 40; 1525 Cornhusker Highway; 4600 Northeast Vivion Road; 202 North Perkins Road; 201-209 South Highway 81; 701 Richmond Avenue; 10108 Northeast 23rd Street; 2130 Martin Luther King Jr Parkway; 10700 North Rockwell Avenue; 223 North Walton Boulevard; 4635 South Broadway Avenue; 802 East Owen K Garriott Road; 2219 South Seneca Street; 2445 Southwest 29th Street; 3540 South Broadway; 1105 West Britton Road; 1315 West Broadway Street; 1109 South Air Depot Boulevard; 1020 North Main Street; 1516 South Main Street; 2019 Oklahoma Avenue; 625 Missouri Highway 291; 3310 South 24th Street; 131 12th Avenue Northeast; 601 East North Avenue; 4363 Southwest Boulevard; 913 South Belt Highway; 120 O Street; 3200 West Sunset Avenue; 6404 Northwest Cache Road; 2700 East University Avenue; 955 North K-15 Highway; 4501 South 50th Street; 735 East Front Street; 515 West Main Street; 1504 Porter Wagoner Boulevard; 2921 & 2927 Southeast 14th Street; 229 Army Post Road; 12101 South Western Avenue; 1812 Galvin Road South; 1430 West 7th Street; 220 First Street; 1115 East 7th Street; 609 Northeast 12th Street; 257 East State Highway 152; 610 Highway 71 North; 523 South Broadway Boulevard; 13345 Q Street; 335 West 7th Avenue; 10610 South Blue Ridge Boulevard; 316 Southeast Missouri 291 Highway; 1100 North Rockwell Avenue; 6227 Troost Avenue; 6740 Douglas Avenue; 404 West Taylor Street; 857 South Odell; Independence, MO (and 55 more) 64055 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2013", "2017", "2004", "2015", "1999", "2019", "2020", "2008", "2013", "2006", "2004"] |
| Original balance | $41.0M |
| Current balance | $41.0M (September 2026) |
| Share of deal balance | 3.9% |
| Interest rate at origination | 4.35% |
| Current interest rate | 4.35% |
| Origination date | 03-19-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2036-04-06 |
| Prepayment lockout end | 01-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $72.6M | 02-11-2021 | not yet reported |
| Most recent reported | $2.40B | 2019-10-24 | MAI |
Change from securitization to the most recent reported valuation: 3205.8%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| O'Reilly Automotive Stores, Inc. | not yet reported | ["12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036", "12-31-2036"] |
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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 2022 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 2.22 | 2.22 | 100% | $0 | 06-30-2022 | $4.1M | $80,341 | $4.0M | $4.0M |
| September 2022 | $41.0M | Current | 4.35% | 2.22 | 2.22 | 100% | $0 | 06-30-2022 | $4.1M | $80,341 | $4.0M | $4.0M |
| October 2022 | $41.0M | Current | 4.35% | 2.22 | 2.22 | 100% | $0 | 06-30-2022 | $4.1M | $80,341 | $4.0M | $4.0M |
| November 2022 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2022 | $4.1M | $62,853 | $4.0M | $4.0M |
| December 2022 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2022 | $4.1M | $62,853 | $4.0M | $4.0M |
| January 2023 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2022 | $4.1M | $62,853 | $4.0M | $4.0M |
| February 2023 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2022 | $4.1M | $62,853 | $4.0M | $4.0M |
| March 2023 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2022 | $4.1M | $62,853 | $4.0M | $4.0M |
| April 2023 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 12-31-2022 | $4.1M | $60,550 | $4.0M | $4.0M |
| May 2023 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 09-30-2023 | $4.1M | $37,759 | $4.0M | $4.0M |
| January 2024 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 09-30-2023 | $4.1M | $37,759 | $4.0M | $4.0M |
| February 2024 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 09-30-2023 | $4.1M | $37,759 | $4.0M | $4.0M |
| March 2024 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 09-30-2023 | $4.1M | $37,759 | $4.0M | $4.0M |
| April 2024 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 09-30-2023 | $4.1M | $37,759 | $4.0M | $4.0M |
| May 2024 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 03-31-2024 | $1.0M | $10,031 | $1.0M | $1.0M |
| July 2024 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 03-31-2024 | $1.0M | $10,031 | $1.0M | $1.0M |
| August 2024 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 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 2024 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 06-30-2024 | $4.1M | $45,411 | $4.0M | $4.0M |
| November 2024 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 06-30-2024 | $4.1M | $45,411 | $4.0M | $4.0M |
| December 2024 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2024 | $4.1M | $52,125 | $4.0M | $4.0M |
| January 2025 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2024 | $4.1M | $52,125 | $4.0M | $4.0M |
| February 2025 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2024 | $4.1M | $52,125 | $4.0M | $4.0M |
| March 2025 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 12-31-2024 | $4.1M | $43,993 | $4.0M | $4.0M |
| April 2025 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 12-31-2024 | $4.1M | $43,993 | $4.0M | $4.0M |
| May 2025 | $41.0M | Current | 4.35% | 2.20 | 2.20 | 100% | $0 | 03-31-2025 | $1.0M | $28,771 | $992,831 | $992,831 |
| June 2025 | $41.0M | Current | 4.35% | 2.20 | 2.20 | 100% | $0 | 03-31-2025 | $1.0M | $28,771 | $992,831 | $992,831 |
| July 2025 | $45.0M | Current | 2.99% | 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 | $41.0M | Current | 4.35% | 2.20 | 2.20 | 100% | $0 | 03-31-2025 | $1.0M | $28,771 | $992,831 | $992,831 |
| September 2025 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 06-30-2025 | $4.1M | $47,210 | $4.0M | $4.0M |
| October 2025 | $41.0M | Current | 4.35% | 2.24 | 2.24 | 100% | $0 | 06-30-2025 | $4.1M | $47,210 | $4.0M | $4.0M |
| November 2025 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2025 | $4.1M | $56,896 | $4.0M | $4.0M |
| December 2025 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2025 | $4.1M | $56,896 | $4.0M | $4.0M |
| January 2026 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2025 | $4.1M | $56,896 | $4.0M | $4.0M |
| February 2026 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 09-30-2025 | $4.1M | $56,896 | $4.0M | $4.0M |
| March 2026 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 12-31-2025 | $4.1M | $47,927 | $4.0M | $4.0M |
| April 2026 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 12-31-2025 | $4.1M | $47,927 | $4.0M | $4.0M |
| May 2026 | $41.0M | Current | 4.35% | 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 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 03-31-2026 | $1.0M | $14,708 | $1.0M | $1.0M |
| July 2026 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 03-31-2026 | $1.0M | $14,708 | $1.0M | $1.0M |
| August 2026 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 03-31-2026 | $1.0M | $14,708 | $1.0M | $1.0M |
| September 2026 | $41.0M | Current | 4.35% | 2.23 | 2.23 | 100% | $0 | 03-31-2026 | $1.0M | $14,708 | $1.0M | $1.0M |
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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.