Office · West Palm Beach, Florida
560 Village Boulevard
560 Village Boulevard is financed with a $7.5M CMBS loan at 3.35% 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
- $7,550,000
- Original balance (same notes)
- $7,550,000
- Interest rate
- 3.35% fixed
- Originated
- October 21, 2021
- Maturity
- November 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 560 Village Boulevard, West Palm Beach, FL 33409
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 62,032 sq ft
- Built
- 1989, renovated 2020
- Largest tenants
- Viamar Health Institutes of the Palm Beaches, LLC; J.M.B. Sales, LLC d/b/a: USHEALTH Advisors; E-Suites LLC
- Value at securitization
- $13.9M (Sep 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 3.46x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $888K | n/a |
Watch flags
Computed from the BENCHMARK 2021-B31 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Largest tenant's lease ends within 12 months
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
- The filing gives Feb 2027 as the lease end date for the largest tenant (Viamar Health Institutes of the Palm Beaches, LLC), 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 | $7.5M | Current | No | n/a | n/a |
| August 2026 | $7.5M | Current | No | n/a | n/a |
| July 2026 | $7.5M | Current | No | n/a | n/a |
| June 2026 | $7.5M | Current | No | n/a | n/a |
| May 2026 | $7.5M | Current | No | n/a | n/a |
| April 2026 | $7.5M | Current | No | 2.94x | 100% |
| March 2026 | $7.5M | Current | No | 2.94x | 100% |
| February 2026 | $7.5M | Current | No | 2.94x | 100% |
| January 2026 | $7.5M | Current | No | 2.94x | 100% |
| December 2025 | $7.5M | Current | No | 2.94x | 100% |
| November 2025 | $7.5M | Current | No | 2.94x | 100% |
| October 2025 | $7.5M | Current | No | 3.31x | 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 |
|---|---|---|---|---|
| BENCHMARK 2021-B31 MORTGAGE TRUST | 46 | $7,550,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Phillips Point | West Palm Beach, FL | Office | $198.5M | 3.34% | Feb 2031 | 2.04x | 74% | Current |
| Cottage Cove Apartments | Miami, FL | Multifamily | $87.5M | 6.45% | Feb 2031 | n/a | n/a | Current |
| Extra Space Brickell | Miami, FL | Self storage | $65.0M | 3.99% | May 2031 | n/a | n/a | Current |
| Holiday Inn Miami Hialeah | Hialeah Gardens, FL | Hotel | $60.0M | 7.372% | Mar 2031 | n/a | n/a | Current |
| Doral Concourse | Doral, FL | Office | $56.0M | 3.31% | Aug 2031 | 2.24x | 84% | Current |
| 17 West Miami | Miami Beach, FL | Mixed use | $55.0M | 3.81% | Dec 2031 | 1.67x | 100% | Current |
| Doral Center | Doral, FL | Office | $53.5M | 7.35% | Aug 2031 | n/a | n/a | Current |
| Innovo at Sunrise | Sunrise, FL | Multifamily | $34.0M | 5.96% | Apr 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Miami-Fort Lauderdale-West Palm Beach 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.