Multifamily · Berlin, Connecticut
319 Main Street
319 Main Street is financed with a $3.8M CMBS loan at 4.82% that reaches maturity on May 1, 2031, in 4 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $3,750,000
- Original balance (same notes)
- $3,750,000
- Interest rate
- 4.82% fixed
- Originated
- April 27, 2021
- Maturity
- May 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2031
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred October 28, 2025
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 319 Main Street, Berlin, CT 06023
- Units, rooms or beds
- 20
- Built
- 2019
- Value at securitization
- $5.8M (Mar 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 1.07x |
| Occupancy | 100% | 85% |
| Net operating income (annualized from 3 months) | $286K | $198K |
| Debt yield | 5.3% |
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 BANK 2021-BNK33 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since November 2025.
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 fallen from 100% when the loan was securitized to 85%.
- Net operating income is 31% below the underwritten figure ($198K a year against $286K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.56x at securitization to 1.07x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.8M | Current | Yes | 1.07x | 85% |
| August 2026 | $3.8M | Current | Yes | 1.07x | 85% |
| July 2026 | $3.8M | Late payment but less than 30 days delinquent | Yes | 1.34x | 100% |
| June 2026 | $3.8M | Late payment but less than 30 days delinquent | Yes | 1.34x | 100% |
| May 2026 | $3.8M | Current | Yes | 1.80x | 100% |
| April 2026 | $3.8M | Late payment but less than 30 days delinquent | Yes | 1.80x | 100% |
| March 2026 | $3.8M | 60-89 days delinquent | Yes | 1.80x | 100% |
| February 2026 | $3.8M | 30-59 days delinquent | Yes | 1.80x | 100% |
| January 2026 | $3.8M | Late payment but less than 30 days delinquent | Yes | 1.80x | 100% |
| December 2025 | $3.8M | 30-59 days delinquent | Yes | 1.80x | 100% |
| November 2025 | $3.8M | Late payment but less than 30 days delinquent | Yes | 1.80x | 100% |
| October 2025 | $3.8M | Current | No | 1.80x | 100% |
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 October 28, 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 |
|---|---|---|---|---|
| BANK 2021-BNK33 | 43 | $3,750,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Connecticut loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Greenwich Office Park | Greenwich, CT | Office | $94.0M | 3.257% | Dec 2031 | 2.85x | 84% | Current |
| Pleasant Valley Apartments | Groton, CT | Multifamily | $28.9M | 3.30% | Sep 2031 | 2.44x | 95% | Current |
| 195 Church | New Haven, CT | Office | $25.0M | 3.33% | May 2031 | 2.49x | 82% | Current |
| Wescott Apartments | Stamford, CT | Multifamily | $23.0M | 6.026% | Sep 2031 | n/a | n/a | Current |
| 274 Riverside Ave | Westport, CT | Office | $11.5M | 6.82% | Mar 2031 | n/a | n/a | Current |
| 290 Tunxis Hill | Fairfield, CT | Retail | $11.0M | 3.30% | Aug 2031 | 3.25x | 100% | Current |
| Lafayette Arms Apartments | Hartford, CT | Multifamily | $10.1M | 3.85% | Jul 2031 | 2.06x | 93% | Current |
| 2 Boston Post Road | Orange, CT | Industrial | $10.0M | 3.51% | Mar 2031 | 4.03x | 100% | 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.