Retail portfolio, 56 properties · Independence, Missouri
12517 E Us 40 Hwy
This portfolio is financed with a $41.0M CMBS loan at 4.347% that reaches its anticipated repayment date on April 6, 2031, in 4 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $41,000,000
- Original balance (same notes)
- $41,000,000
- Interest rate
- 4.347% fixed
- Originated
- March 19, 2021
- Maturity
- April 6, 2036
- Anticipated repayment date
- April 6, 2031 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 12517 US Route 40, Independence, MO 64055
- Metro
- Kansas City, MO-KS
- Value at securitization
- $70.5M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | n/a | $4.1M |
| Debt yield | 10.0% |
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 BENCHMARK 2021-B27 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 |
|---|---|---|---|---|
| 12517 E Us 40 Hwy | Independence, MO | Retail | n/a | n/a |
| 1525 Cornhusker | Lincoln, NE | Retail | n/a | n/a |
| 4600 Ne Vivion Rd | Kansas City, MO | Retail | n/a | n/a |
| 202 N Perkins Rd | Stillwater, OK | Retail | n/a | n/a |
| 201-209 S 81 Hwy | Duncan, OK | Retail | n/a | n/a |
| 701 Richmond Ave | Ottumwa, IA | Retail | n/a | n/a |
| 10108 Ne 23rd St | Oklahoma City, OK | Retail | n/a | n/a |
| 2130 Martin Luther King Jr Pky | Des Moines, IA | Retail | n/a | n/a |
| 10700 N Rockwell Ave | Oklahoma City, OK | Retail | n/a | n/a |
| 223 N Walton Blvd | Bentonville, AR | Retail | n/a | n/a |
| 4635 S Broadway | Wichita, KS | Retail | n/a | n/a |
| 802 W Owen K Garriott Rd | Enid, OK | Retail | n/a | n/a |
| 2219 S Seneca St | Wichita, KS | Retail | n/a | n/a |
| 2445 Sw 29th | Oklahoma City, OK | Retail | n/a | n/a |
| 3540 S Broadway | Edmond, OK | Retail | n/a | n/a |
| 1105 W Britton Rd | Oklahoma City, OK | Retail | n/a | n/a |
| 1315 W Broadway | Ardmore, OK | Retail | n/a | n/a |
| 1109 S Air Depot Rd | Midwest City, OK | Retail | n/a | n/a |
| 1020 N Main St | Altus, OK | Retail | n/a | n/a |
| 1516 S Main | Maryville, MO | Retail | n/a | n/a |
| 2019 Oklahoma Ave | Woodward, OK | Retail | n/a | n/a |
| 625 S 291 Hwy | Liberty, MO | Retail | n/a | n/a |
| 3310 S 24th St | Omaha, NE | Retail | n/a | n/a |
| 131 12th Ave Ne | Norman, OK | Retail | n/a | n/a |
| 601 E North Ave | Belton, MO | Retail | n/a | n/a |
| 4363 Southwest Blvd | Tulsa, OK | Retail | n/a | n/a |
| 913 S Belt | St. Joseph, MO | Retail | n/a | n/a |
| 120 O Street | Lincoln, NE | Retail | n/a | n/a |
| 3200 W Sunset | Springdale, AR | Retail | n/a | n/a |
| 6404 Nw Cache Rd. | Lawton, OK | Retail | n/a | n/a |
| 2700 E University Ave | Des Moines, IA | Retail | n/a | n/a |
| 955 N K-15 | Derby, KS | Retail | n/a | n/a |
| 4501 S 50th | Omaha, NE | Retail | n/a | n/a |
| 735 E Front Street | Bonner Springs, KS | Retail | n/a | n/a |
| 515 West Main St | Durant, OK | Retail | n/a | n/a |
| 1504 Porter Wagaoner Blvd | West Plains, MO | Retail | n/a | n/a |
| 2921 & 2927 SE 14th Street | Des Moines, IA | Retail | n/a | n/a |
| 229 Army Post Road | Des Moines, IA | Retail | n/a | n/a |
| 12101 S Western | Oklahoma City, OK | Retail | n/a | n/a |
| 1812 Galvin Rd South | Bellevue, NE | Retail | n/a | n/a |
| 1430 W 7th St | Joplin, MO | Retail | n/a | n/a |
| 220 First Street | West Des Moines, IA | Retail | n/a | n/a |
| 1115 E 7th St | Joplin, MO | Retail | n/a | n/a |
| 609 Ne 12th St | Moore, OK | Retail | n/a | n/a |
| 257 E State Hwy 152 | Mustang, OK | Retail | n/a | n/a |
| 610 Hwy 71 N | Alma, AR | Retail | 100% | 2.23x |
| 523 S Broadway | Salina, KS | Retail | n/a | n/a |
| 13345 Q Street | Omaha, NE | Retail | n/a | n/a |
| 335 W 7th | Augusta, KS | Retail | n/a | n/a |
| 10610 S Blue Ridge Blvd | Kansas City, MO | Retail | n/a | n/a |
| 316 Se M-291 | Lee's Summit, MO | Retail | n/a | n/a |
| 1100 N Rockwell | Oklahoma City, OK | Retail | n/a | n/a |
| 6227 Troost Ave | Kansas City, MO | Retail | n/a | n/a |
| 6740 Douglas Ave | Urbandale, IA | Retail | n/a | n/a |
| 404 W Taylor | Creston, IA | Retail | n/a | n/a |
| 857 S Odell | Marshall, MO | Retail | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $41.0M | Current | No | n/a | n/a |
| August 2026 | $41.0M | Current | No | n/a | n/a |
| July 2026 | $41.0M | Current | No | n/a | n/a |
| June 2026 | $41.0M | Current | No | n/a | n/a |
| May 2026 | $41.0M | Current | No | n/a | n/a |
| April 2026 | $41.0M | Current | No | n/a | n/a |
| March 2026 | $41.0M | Current | No | n/a | n/a |
| February 2026 | $41.0M | Current | No | n/a | n/a |
| January 2026 | $41.0M | Current | No | n/a | n/a |
| December 2025 | $41.0M | Current | No | n/a | n/a |
| November 2025 | $41.0M | Current | No | n/a | n/a |
| October 2025 | $41.0M | Current | No | n/a | n/a |
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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2021-B27 MORTGAGE TRUST | 9 | $41,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Kansas City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Kansas City Cabela's | Kansas City, KS | Retail | $15.6M | 3.85% | Jul 2031 | 3.07x | 100% | Current |
| 3y Office | Kansas City, MO | Office | $13.6M | 3.495% | Jan 2031 | 3.25x | 100% | Current |
| Walgreens - Olathe | Olathe, KS | Retail | $13.4M | 4.20% | Dec 2031 | n/a | n/a | Current |
| Summit Orchards | Lees Summit, MO | Retail | $12.5M | 3.44% | Oct 2031 | 1.49x | 100% | Current |
| Broadway 46 | Kansas City, MO | Multifamily | $8.2M | 6.53% | May 2031 | n/a | n/a | Current |
| La Hacienda Apartments | Kansas City, KS | Multifamily | $4.6M | 4.57% | Mar 2031 | 2.06x | 91% | Current |
| Royal Park Apartments | Gladstone, MO | Multifamily | $4.6M | 4.12% | Apr 2031 | 1.54x | 98% | Current |
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.