Office portfolio, 3 properties · Basking Ridge, New Jersey
110 Allen Road
This portfolio is financed with a $51.7M CMBS loan at 3.65% that reaches maturity on September 6, 2031, in 4 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $51,673,452
- Original balance (same notes)
- $71,500,000
- Interest rate
- 3.65% fixed
- Originated
- August 19, 2021
- Maturity
- September 6, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred March 10, 2025
- Workout strategy
- Modification
- Modified
- Yes, most recently January 13, 2026
- Defeasance
- None reported
The property
- Address
- 110 Allen Road, Basking Ridge, NJ 07920
- Metro
- New York-Newark-Jersey City, NY-NJ
- Value at securitization
- $113.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | n/a | $-268K |
| Debt yield | -0.5% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Morgan Stanley Capital I Trust 2021-L7 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 110 Allen Road | Basking Ridge, NJ | Office | 65% | -0.58x |
| 121 Chanlon Road | n/a | n/a | ||
| 106 Allen Road | Basking Ridge, NJ | Office | 55% | 0.35x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $51.7M | 90+ days delinquent | Yes | -0.58x | 65% |
| August 2026 | $51.7M | 90+ days delinquent | Yes | -0.58x | 65% |
| July 2026 | $51.7M | 90+ days delinquent | Yes | -0.58x | 65% |
| June 2026 | $51.7M | 60-89 days delinquent | Yes | 2.07x | 85% |
| May 2026 | $51.7M | 30-59 days delinquent | Yes | 2.07x | 85% |
| April 2026 | $51.9M | 30-59 days delinquent | Yes | 2.07x | 85% |
| March 2026 | $52.0M | 30-59 days delinquent | Yes | n/a | n/a |
| February 2026 | $52.0M | Late payment but less than 30 days delinquent | Yes | 2.07x | 85% |
| January 2026 | $70.0M | 30-59 days delinquent | Yes | 2.07x | 85% |
| December 2025 | $70.0M | Late payment but less than 30 days delinquent | Yes | 2.07x | 85% |
| November 2025 | $70.0M | Not reported | Yes | 2.07x | 85% |
| October 2025 | $70.3M | 30-59 days delinquent | Yes | 2.07x | 85% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer March 10, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2021-L7 | 1 | $51,673,452 | Sep 2026 | SEC filing, October 2, 2026 |
Other New York-Newark-Jersey City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 375 Pearl Street | New York, NY | Office | $220.0M | 3.368% | Jun 2031 | 2.15x | 100% | Current |
| Park Avenue Plaza | New York, NY | Office | $180.0M | 2.837% | Nov 2031 | 3.70x | 100% | Current |
| 535-545 Fifth Avenue | New York, NY | Mixed use | $179.6M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 15 West 47th Street | New York, NY | Office | $141.0M | 3.51% | Jan 2031 | n/a | n/a | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 535 & 545 5th Avenue | New York, NY | Mixed use | $129.7M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| The Arches | Bronx, NY | Other | $120.0M | 5.436% | Feb 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.