← Morgan Stanley Capital I Trust 2021-L7 · Loan annex · CMBS market
- Deal
- Morgan Stanley Capital I Trust 2021-L7
- Current balance
- $58.9M (May 2022)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2027-02-06
Property and terms
| Property | Ritz Carlton Rancho Mirage |
| Address | 68900 Frank Sinatra Dr.; Rancho Mirage, CA 92270 |
| Property type | Lodging |
| Units, beds or keys | 244 |
| Net rentable square feet | not yet reported |
| Year built | 1988 |
| Year last renovated | 2014 |
| Original balance | $58.9M |
| Current balance | $58.9M (May 2022) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.10% |
| Current interest rate | 5.10% |
| Origination date | 01-24-2022 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2027-02-06 |
| Prepayment lockout end | 10-05-2026 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Goldman Sachs Bank USA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $160.0M | 12-17-2021 | MAI |
| Most recent reported | $160.0M | 2021-12-17 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October 2021 | $47.1M | Matured balloon, performing | 3.62% | 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 | $58.9M | Current | 5.10% | 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 |
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 2022-B33 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.