Industrial · Columbus, Ohio
Arlingate Plaza
Arlingate Plaza is financed with a $6.0M CMBS loan at 3.485% that reaches maturity on July 6, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,000,000
- Original balance (same notes)
- $6,000,000
- Interest rate
- 3.485% fixed
- Originated
- June 18, 2021
- Maturity
- July 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2031
- Master servicer
- Midland
- Originator
- AREF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1713-1717 Arlingate Lane, Columbus, OH 43228
- Metro
- Columbus, OH
- Rentable area
- 115,639 sq ft
- Built
- 1981
- Largest tenants
- Intertek Testing Services; Kabafusion; True North Heating and Cooling LL
- Value at securitization
- $10.1M (May 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.67x | 3.23x |
| Occupancy | 88% | 77% |
| Net operating income (annualized from 6 months) | $779K | $1.4M |
| Debt yield | 23.0% |
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 Morgan Stanley Capital I Trust 2021-L6 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
- 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 88% when the loan was securitized to 77%.
- Net operating income is 77% above the underwritten figure ($1.4M a year against $779K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.67x at securitization to 3.23x on the latest statements.
- The filing gives Apr 2029 as the lease end date for the largest tenant (Intertek Testing 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 | $6.0M | Current | No | 3.23x | 77% |
| August 2026 | $6.0M | Current | No | 3.23x | 77% |
| July 2026 | $6.0M | Current | No | n/a | n/a |
| June 2026 | $6.0M | Current | No | n/a | n/a |
| May 2026 | $6.0M | Current | No | n/a | n/a |
| April 2026 | $6.0M | Current | No | 3.15x | 77% |
| March 2026 | $6.0M | Current | No | 3.15x | 77% |
| February 2026 | $6.0M | Current | No | 3.18x | 77% |
| January 2026 | $6.0M | Current | No | 3.18x | 77% |
| December 2025 | $6.0M | Current | No | 3.11x | 77% |
| November 2025 | $6.0M | Current | No | 3.11x | 77% |
| October 2025 | $6.0M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2021-L6 | 34 | $6,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Columbus loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fortune 7 Leased Campus | Columbus, OH | Office | $78.0M | 2.90% | May 2031 | 3.62x | 100% | Current |
| 9885 Innovation Campus | New Albany, OH | Industrial | $57.9M | 6.345% | Feb 2031 | n/a | 100% | Current |
| Tru & Home2 Suites Grove City | Grove City, OH | Hotel | $23.0M | 7.655% | Aug 2031 | n/a | n/a | Current |
| River Valley Plaza | Lancaster, OH | Retail | $12.3M | 6.775% | Mar 2031 | n/a | n/a | Current |
| Revi Columbus East | Columbus, OH | Multifamily | $6.5M | 6.701% | May 2031 | n/a | n/a | Current |
| Rome Hilliard Self Storage | Columbus, OH | Self storage | $5.0M | 3.84% | Feb 2031 | n/a | n/a | Current |
| Wildberry Village Apartments | Columbus, OH | Multifamily | $3.6M | 3.55% | Aug 2031 | 1.95x | 94% | Current |
| New Albany Self Storage - Oh | New Albany, OH | Self storage | $3.1M | 4.135% | May 2031 | 3.27x | 89% | 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.