Office portfolio, 2 properties · Frisco, Texas
Building E1
This portfolio is financed with a $52.8M CMBS loan at 3.80% that reaches maturity on December 6, 2031, in 5 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $52,760,199
- Original balance (same notes)
- $58,000,000
- Interest rate
- 3.80% fixed
- Originated
- November 17, 2021
- Maturity
- December 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- September 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 23, 2023, returned November 6, 2024
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 3010 Gaylord Parkway, Frisco, TX 75034
- Metro
- Dallas-Fort Worth-Arlington, TX
- Value at securitization
- $85.7M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $5.3M | $5.8M |
| Debt yield | 11.0% |
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 BENCHMARK 2021-B31 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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
- Net operating income is 9% above the underwritten figure ($5.8M a year against $5.3M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Building E1 | Frisco, TX | Office | 78% | 1.57x |
| Freeport 9 | Irving, TX | Office | 100% | 1.97x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $52.8M | Current | No | 1.57x | 78% |
| August 2026 | $52.9M | Current | No | 1.57x | 78% |
| July 2026 | $53.0M | Current | No | n/a | n/a |
| June 2026 | $53.1M | Current | No | n/a | n/a |
| May 2026 | $53.2M | Current | No | n/a | n/a |
| April 2026 | $53.3M | Current | No | 1.56x | 78% |
| March 2026 | $53.4M | Current | No | 1.56x | 78% |
| February 2026 | $53.5M | Current | No | 1.56x | 78% |
| January 2026 | $53.6M | Current | No | 1.56x | 78% |
| December 2025 | $53.7M | Current | No | 1.56x | 78% |
| November 2025 | $53.8M | Current | No | 1.49x | 78% |
| October 2025 | $53.8M | Current | No | 1.49x | 78% |
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.
Special-servicing history
- Transferred to the special servicer June 23, 2023, returned to the master servicer November 6, 2024.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2021-B31 MORTGAGE TRUST | 6 | $52,760,199 | Sep 2026 | SEC filing, September 30, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Pinnacle Tower | Dallas, TX | Office | $100.0M | 6.451% | Mar 2031 | n/a | n/a | Current |
| International Plaza I | Farmers Branch, TX | Office | $65.4M | 2.435% | Sep 2031 | 5.86x | 100% | Current |
| Volara Apartments | Dallas, TX | Multifamily | $44.0M | 6.73% | Mar 2031 | n/a | n/a | Current |
| Epic West Towne Crossing | Grand Prairie, TX | Retail | $40.8M | 3.25% | Oct 2031 | 2.12x | 86% | Current |
| Plaza at Legacy Plano | Plano, TX | Office | $37.1M | 7.48% | Jul 2031 | n/a | n/a | Current |
| Granite Tower | Farmers Branch, TX | Office | $36.3M | 3.72% | Jul 2031 | 2.80x | 89% | Current |
| Bardin Place Shopping Center | Arlington, TX | Retail | $32.3M | 3.52% | Aug 2031 | 3.02x | 99% | Current |
| Interlace Apartments | TX | Multifamily | $30.0M | 7.61% | Aug 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Dallas-Fort Worth-Arlington 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.