Office · Plymouth Meeting, Pennsylvania
4070 Butler Pike Office
4070 Butler Pike Office is financed with a $2.3M CMBS loan at 4.42% that reaches maturity on June 6, 2031, in 4 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,272,877
- Original balance (same notes)
- $2,500,000
- Interest rate
- 4.42% fixed
- Originated
- June 7, 2021
- Maturity
- June 6, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- Trimont LLC
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4070 Butler Pike, Plymouth Meeting, PA 19462
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 20,431 sq ft
- Built
- 1965, renovated 2017
- Largest tenants
- Access Services; Einstein Healthcare Network; Hill International Inc
- Value at securitization
- $4.3M (Apr 2021)
Performance
| At securitization | Latest (Dec 2023) | |
|---|---|---|
| DSCR (NOI) | 1.79x | 2.38x |
| Occupancy | 80% | 100% |
| Net operating income | $269K | $359K |
| Debt yield | 15.8% |
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 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Occupancy has risen from 80% when the loan was securitized to 100%.
- Net operating income is 33% above the underwritten figure ($359K a year against $269K).
- Debt service coverage moved from 1.79x at securitization to 2.38x on the latest statements.
- The filing gives Aug 2030 as the lease end date for the largest tenant (Access Services), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.3M | Current | No | 2.38x | 100% |
| August 2026 | $2.3M | Current | No | 2.38x | 100% |
| July 2026 | $2.3M | Current | No | 2.38x | 100% |
| June 2026 | $2.3M | Current | No | 2.38x | 100% |
| May 2026 | $2.3M | Current | No | 2.38x | 100% |
| April 2026 | $2.3M | Current | No | 2.38x | 100% |
| March 2026 | $2.3M | Current | No | 2.38x | 100% |
| February 2026 | $2.3M | Current | No | 2.38x | 100% |
| January 2026 | $2.3M | Current | No | 2.38x | 100% |
| December 2025 | $2.3M | Current | No | 2.38x | 100% |
| November 2025 | $2.3M | Current | No | 2.38x | 100% |
| October 2025 | $2.3M | Current | No | 2.38x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 | 57 | $2,272,877 | Sep 2026 | SEC filing, September 29, 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.