Office · Chester, Pennsylvania
2501 Seaport
2501 Seaport is financed with a $30.5M CMBS loan at 3.81% that reaches maturity 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
- $30,458,543
- Original balance (same notes)
- $34,000,000
- Interest rate
- 3.81% fixed
- Originated
- March 15, 2021
- Maturity
- April 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- May 5, 2023
- Prepayment premium ends
- February 5, 2031 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently December 10, 2024
- Defeasance
- None reported
The property
- Address
- 2501 and 2525 Seaport Drive, Chester, PA 19013
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 400,890 sq ft
- Built
- 1919, renovated 2018
- Largest tenants
- Power Home Remodeling Group LLC; DSV Air & Sea Inc; Keystone Sports & Entertainment LLC
- Value at securitization
- $61.8M (Nov 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.99x | 2.22x |
| Occupancy | 80% | 96% |
| Net operating income | $3.8M | $4.2M |
| Debt yield | 13.9% |
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-B25 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Modified
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has risen from 80% when the loan was securitized to 96%.
- Net operating income is 12% above the underwritten figure ($4.2M a year against $3.8M).
- Debt service coverage moved from 1.99x at securitization to 2.22x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.5M | Current | No | 2.22x | 96% |
| August 2026 | $30.5M | Current | No | 2.22x | 96% |
| July 2026 | $30.6M | Current | No | 2.22x | 96% |
| June 2026 | $30.6M | Current | No | 2.22x | 96% |
| May 2026 | $30.7M | Current | No | n/a | n/a |
| April 2026 | $30.8M | Current | No | 2.08x | 96% |
| March 2026 | $30.8M | Current | No | 2.08x | 96% |
| February 2026 | $30.9M | Current | No | 2.08x | 80% |
| January 2026 | $30.9M | Current | No | 2.08x | 80% |
| December 2025 | $31.0M | Current | No | 2.08x | 80% |
| November 2025 | $31.1M | Current | No | 2.08x | 80% |
| October 2025 | $31.1M | Current | No | 2.08x | 81% |
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-B25 Mortgage Trust | 11 | $30,458,543 | Sep 2026 | SEC filing, September 28, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Atlantic | Philadelphia, PA | Multifamily | $125.0M | 3.456% | Feb 2031 | 1.26x | 95% | Current |
| Deptford Mall | Deptford, NJ | Retail | $115.0M | 6.95% | May 2031 | n/a | n/a | Current |
| 400 Arcola Road | Collegeville, PA | Mixed use | $110.0M | 6.781% | Mar 2031 | n/a | n/a | Current |
| Velocity Industrial Portfolio | Lansdale, PA | Industrial | $75.0M | 3.23% | Jul 2031 | 3.29x | 90% | Current |
| Two Penn Center | Philadelphia, PA | Office | $67.9M | 3.268% | Apr 2031 | 2.07x | 74% | Current |
| 300 Four Falls | Conshohocken, PA | Office | $57.6M | 6.846% | Jan 2031 | 0.96x | 89% | Current |
| Wessex House | Wayne, PA | Multifamily | $57.5M | 5.72% | Mar 2031 | n/a | n/a | Current |
| The Court at Oxford Valley | Fairless Hills, PA | Retail | $52.6M | 3.20% | Jul 2031 | 2.23x | 92% | Current |
All loans maturing in 2031 · All Philadelphia-Camden-Wilmington 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.