Kilambi News
Saturday, October 31, 2026

Georgetown Commerce Park (and 2 more properties) (Morgan Stanley Capital I Trust 2021-L7)

Page built October 31, 2026

Property, terms, monthly financial history and surveillance record for a loan in Morgan Stanley Capital I Trust 2021-L7.

Data as of loan data through October 2026; ratings as held in the dataset at 2026-10-01; current tranche balances from the Form 10-D distribution statement for 2026-10-19

← Morgan Stanley Capital I Trust 2021-L7 / Loan annex / CMBS market

Deal
Morgan Stanley Capital I Trust 2021-L7
Current balance
$12.1M (May 2026)
Share of deal
not yet reported
Status
not yet reported
DSCR (latest)
not yet reported
Occupancy (latest)
not yet reported
Scheduled maturity
2026-09-01

Property and terms

PropertyGeorgetown Commerce Park (and 2 more properties)
Address7301 Georgetown Road; 801-809 Phillipi Rd 4121-4135 Westward Ave &; 4243-4265 Diplomacy Drive; Indianapolis, IN (and 2 more) 46268
Property typeIndustrial
Units, beds or keys["0", "0", "0"]
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovated["1985", "2019"]
Original balance$13.5M
Current balance$12.1M (May 2026)
Share of deal balancenot yet reported
Interest rate at origination2.95%
Current interest rate2.95%
Origination date08-09-2021
Original term60 months
Amortization term360 months
Interest-only periodnot yet reported
Scheduled maturity2026-09-01
Prepayment lockout endnot yet reported
Yield maintenance endnot yet reported
ServicerKeyBank Real Estate Capital
Loan servicernot yet reported
OriginatorKeyBank
Current statusnot yet reported
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
Most recent reportednot yet reportednot yet reported["MAI", "MAI", "MAI"]

Largest tenants

TenantSquare feetLease expiration
Grimco Incnot yet reported["05-31-2026", "03-31-2027", "10-31-2030"]
American Delinot yet reported["08-31-2027", "04-30-2030", "07-31-2028"]
Arlun Flooringnot yet reported["05-31-2027", "02-28-2029", "05-31-2026"]

The three largest tenants as reported in the latest asset-level record.

Monthly history

$0$4,185,000$8,370,000$12,555,000$16,740,00020222023202420252026
MonthBalanceStatusRateDSCR (NCF)DSCR (NOI)OccupancyAdvancesFinancial period endRevenueExpensesNOINCF
October 2021$13.5MCurrent2.95%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
November 2021$13.5Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
December 2021$13.4Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
January 2022$13.4Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
February 2022$13.4Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
March 2022$13.4Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
April 2022$13.3Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
May 2022$15.5MCurrent4.32%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
June 2022$13.3Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$012-31-2021not yet reportednot yet reportednot yet reportednot yet reported
July 2022$13.3Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$012-31-2021not yet reportednot yet reportednot yet reportednot yet reported
August 2022$13.2Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-01-2022", "12-31-2021"]not yet reportednot yet reportednot yet reportednot yet reported
September 2022$13.2Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-01-2022", "12-31-2021"]not yet reportednot yet reportednot yet reportednot yet reported
October 2022$13.2Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2022", "06-30-2022", "06-30-2022"]not yet reportednot yet reportednot yet reportednot yet reported
November 2022$13.2Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2022", "06-30-2022", "06-30-2022"]not yet reportednot yet reportednot yet reportednot yet reported
December 2022$13.2Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["09-30-2022", "09-30-2022", "09-30-2022"]not yet reportednot yet reportednot yet reportednot yet reported
January 2023$13.1Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["09-30-2022", "09-30-2022", "09-30-2022"]not yet reportednot yet reportednot yet reportednot yet reported
February 2023$13.1Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["09-30-2022", "09-30-2022", "09-30-2022"]not yet reportednot yet reportednot yet reportednot yet reported
March 2023$13.1Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["09-30-2022", "09-30-2022", "09-30-2022"]not yet reportednot yet reportednot yet reportednot yet reported
April 2023$13.1Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
May 2023$13.0Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
June 2023$13.0Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0not yet reportednot yet reportednot yet reportednot yet reportednot yet reported
July 2023$13.0Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["03-31-2023", "03-31-2023", "03-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
August 2023$13.0Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["03-31-2023", "03-31-2023", "03-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
September 2023$12.9Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["03-31-2023", "03-31-2023", "03-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
October 2023$12.9Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["03-31-2023", "03-31-2023", "03-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
November 2023$12.9Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2023", "06-30-2023", "06-30-2023"]not yet reportednot yet reportednot yet reportednot yet reported
December 2023$12.9Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2023", "06-30-2023", "06-30-2023"]not yet reportednot yet reportednot yet reportednot yet reported
January 2024$12.8Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["09-30-2023", "09-30-2023", "09-30-2023"]not yet reportednot yet reportednot yet reportednot yet reported
February 2024$12.8Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["09-30-2023", "09-30-2023", "09-30-2023"]not yet reportednot yet reportednot yet reportednot yet reported
March 2024$12.8Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2023", "12-31-2023", "12-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
April 2024$12.8Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2023", "12-31-2023", "12-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
May 2024$12.7Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2023", "12-31-2023", "12-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
June 2024$12.7Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2023", "12-31-2023", "12-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
July 2024$12.7Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2023", "12-31-2023", "12-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
August 2024$12.7Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2023", "12-31-2023", "12-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
September 2024$12.6Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2023", "12-31-2023", "12-31-2023"]not yet reportednot yet reportednot yet reportednot yet reported
October 2024$12.6Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2024", "06-30-2024", "06-30-2024"]not yet reportednot yet reportednot yet reportednot yet reported
November 2024$12.6Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2024", "06-30-2024", "06-30-2024"]not yet reportednot yet reportednot yet reportednot yet reported
December 2024$12.6Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["09-30-2024", "09-30-2024", "09-30-2024"]not yet reportednot yet reportednot yet reportednot yet reported
January 2025$12.5Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["09-30-2024", "09-30-2024", "09-30-2024"]not yet reportednot yet reportednot yet reportednot yet reported
February 2025$12.5Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2024", "12-31-2024", "12-31-2024"]not yet reportednot yet reportednot yet reportednot yet reported
March 2025$12.5Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2024", "12-31-2024", "12-31-2024"]not yet reportednot yet reportednot yet reportednot yet reported
April 2025$12.5Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2024", "12-31-2024", "12-31-2024"]not yet reportednot yet reportednot yet reportednot yet reported
May 2025$12.4Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2024", "12-31-2024", "12-31-2024"]not yet reportednot yet reportednot yet reportednot yet reported
June 2025$12.4Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2024", "12-31-2024", "12-31-2024"]not yet reportednot yet reportednot yet reportednot yet reported
July 2025$12.4Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2024", "12-31-2024", "12-31-2024"]not yet reportednot yet reportednot yet reportednot yet reported
August 2025$12.4Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2025", "06-30-2025", "06-30-2025"]not yet reportednot yet reportednot yet reportednot yet reported
September 2025$12.3Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2025", "06-30-2025", "06-30-2025"]not yet reportednot yet reportednot yet reportednot yet reported
October 2025$12.3Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2025", "06-30-2025", "06-30-2025"]not yet reportednot yet reportednot yet reportednot yet reported
November 2025$12.3Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2025", "06-30-2025", "06-30-2025"]not yet reportednot yet reportednot yet reportednot yet reported
December 2025$12.3Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2025", "06-30-2025", "06-30-2025"]not yet reportednot yet reportednot yet reportednot yet reported
January 2026$12.2Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["06-30-2025", "06-30-2025", "06-30-2025"]not yet reportednot yet reportednot yet reportednot yet reported
February 2026$12.2Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["09-30-2025", "06-30-2025", "06-30-2025"]not yet reportednot yet reportednot yet reportednot yet reported
March 2026$12.2Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2025", "12-31-2025", "12-31-2025"]not yet reportednot yet reportednot yet reportednot yet reported
April 2026$12.2Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2025", "12-31-2025", "12-31-2025"]not yet reportednot yet reportednot yet reportednot yet reported
May 2026$12.1Mnot yet reported2.95%not yet reportednot yet reportednot yet reported$0["12-31-2025", "12-31-2025", "12-31-2025"]not yet reportednot yet reportednot yet reportednot 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

DateEvent
2026-09-01Scheduled maturity passed; the loan is still reported, with status not yet reported in May 2026

Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.