Multifamily portfolio, 34 properties · Multiple locations
AMF Portfolio
Public CMBS trusts hold $38.0M of the loan on this portfolio at 3.724% 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
- $38,000,000
- Original balance (same notes)
- $38,000,000
- Interest rate
- 3.724% fixed
- Originated
- October 29, 2021
- Maturity
- November 6, 2031
- Payments
- Interest only for 82 months, then amortizing
- Prepayment lockout ends
- July 5, 2031
- Master servicer
- KeyBank National Association
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 3,299
- Value at securitization
- $280.6M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.61x | 1.84x |
| Occupancy | 95% | 87% |
| Net operating income | $16.9M | $19.4M |
| Debt yield | 51.0% |
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 GS Mortgage Securities Trust 2021-GSA3 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 fallen from 95% when the loan was securitized to 87%.
- Net operating income is 15% above the underwritten figure ($19.4M a year against $16.9M).
- Debt service coverage moved from 1.61x at securitization to 1.84x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $38.0M | Current | No | 1.84x | 87% |
| August 2026 | $38.0M | Current | No | 1.84x | 87% |
| July 2026 | $38.0M | Current | No | 1.84x | 87% |
| June 2026 | $38.0M | Current | No | 1.84x | 87% |
| May 2026 | $38.0M | Current | No | 1.84x | 87% |
| April 2026 | $38.0M | Current | No | 1.89x | 89% |
| March 2026 | $38.0M | Current | No | 1.89x | 89% |
| February 2026 | $38.0M | Current | No | 1.89x | 89% |
| January 2026 | $38.0M | Current | No | 1.31x | 91% |
| December 2025 | $38.0M | Current | No | 1.31x | 91% |
| November 2025 | $38.0M | Current | No | 1.31x | 91% |
| October 2025 | $38.0M | Current | No | 1.31x | 91% |
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2021-GSA3 | 4 | $24,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| GS Mortgage Securities Trust 2021-GSA3 | 4A | $5,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| GS Mortgage Securities Trust 2021-GSA3 | 4B | $5,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| GS Mortgage Securities Trust 2021-GSA3 | 4C | $4,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other multifamily loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cambridge Commons | Indianapolis, IN | Multifamily | $134.0M | 3.724% | Nov 2031 | n/a | n/a | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| The Atlantic | Philadelphia, PA | Multifamily | $125.0M | 3.456% | Feb 2031 | 1.26x | 95% | Current |
| Shore Front Parkway Apartments | Rockaway, NY | Multifamily | $94.5M | 6.56% | Jun 2031 | n/a | n/a | Current |
| Cottage Cove Apartments | Miami, FL | Multifamily | $87.5M | 6.45% | Feb 2031 | n/a | n/a | Current |
| Admiral's Cove | Haverstraw, NY | Multifamily | $84.0M | 7.05% | Mar 2031 | n/a | n/a | Current |
| Prospect Place Apartments | Brooklyn, NY | Multifamily | $83.0M | 6.39% | May 2031 | n/a | n/a | Current |
| London Terrace Towers Owners, Inc. | New York, NY | Multifamily | $82.0M | 2.32% | Nov 2031 | 1.63x | 93% | 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.