Office · Nashville, Tennessee
501 Great Circle
501 Great Circle is financed with a $21.3M CMBS loan at 3.86% that reaches maturity on November 6, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $21,265,456
- Original balance (same notes)
- $23,400,000
- Interest rate
- 3.86% fixed
- Originated
- November 5, 2021
- Maturity
- November 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Oceanview Commercial Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 501 Great Circle Road, Nashville, TN 37228
- Metro
- Nashville-Davidson--Murfreesboro--Franklin, TN
- Rentable area
- 109,295 sq ft
- Built
- 1985, renovated 2021
- Largest tenants
- iQor US Inc; Aegis Sciences Corporation
- Value at securitization
- $36.8M (Aug 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.77x | 1.64x |
| Occupancy | 100% | 57% |
| Net operating income | $2.3M | $2.2M |
| Debt yield | 10.2% |
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-C61 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
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 57%.
- Net operating income is 7% below the underwritten figure ($2.2M a year against $2.3M).
- Debt service coverage moved from 1.77x at securitization to 1.64x on the latest statements.
- The filing gives Apr 2031 as the lease end date for the largest tenant (iQor US Inc), 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 | $21.3M | Current | No | 1.64x | 57% |
| August 2026 | $21.3M | Current | No | 1.64x | 57% |
| July 2026 | $21.3M | Current | No | 1.64x | 57% |
| June 2026 | $21.4M | Current | No | 1.64x | 57% |
| May 2026 | $21.4M | Current | No | 1.65x | 57% |
| April 2026 | $21.5M | Current | No | 1.65x | 57% |
| March 2026 | $21.5M | Current | No | 1.65x | 57% |
| February 2026 | $21.5M | Current | No | 1.65x | 57% |
| January 2026 | $21.6M | Current | No | 1.59x | 57% |
| December 2025 | $21.6M | Current | No | 1.59x | 57% |
| November 2025 | $21.7M | Current | No | 1.59x | 57% |
| October 2025 | $21.7M | Current | No | 1.59x | 87% |
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-C61 | 9 | $21,265,456 | Sep 2026 | SEC filing, September 29, 2026 |
Other Nashville-Davidson--Murfreesboro--Franklin loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Dutton | Murfreesboro, TN | Multifamily | $47.5M | 5.92% | Apr 2031 | n/a | n/a | Current |
| 880 Butler Drive | Murfreesboro, TN | Industrial | $14.7M | 3.319% | Jan 2031 | 2.53x | 100% | Current |
| Towneplace Suites Franklin | Franklin, TN | Hotel | $13.2M | 6.814% | Jan 2031 | n/a | n/a | Current |
| Bowie Commons | Fairview, TN | Retail | $7.9M | 3.53% | Jun 2031 | n/a | n/a | Current |
| 1810 Belcourt Ave | Nashville, TN | Multifamily | $6.8M | 6.67% | Oct 2031 | n/a | n/a | Current |
| Perma-Pipe | Lebanon, TN | Industrial | $5.7M | 3.57% | May 2031 | 4.11x | 100% | Current |
| Wag - Nashville | Mount Juliet, TN | Retail | $4.5M | 4.04% | Jun 2031 | 2.06x | 100% | Current |
| Northcreek Medical Office | Goodlettsville, TN | Office | $3.1M | 4.15% | Nov 2031 | 2.74x | 100% | Current |
All loans maturing in 2031 · All Nashville-Davidson--Murfreesboro--Franklin 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.