Retail · Chandler, Arizona
Chandler Heights Marketplace
Chandler Heights Marketplace is financed with a $21.2M CMBS loan at 4.02% that reaches maturity on November 1, 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
- $21,185,184
- Original balance (same notes)
- $23,250,000
- Interest rate
- 4.02% fixed
- Originated
- October 26, 2021
- Maturity
- November 1, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 31, 2031
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred September 12, 2024, returned July 17, 2025
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 4850-4990 South Gilbert Road, Chandler, AZ 85249
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 124,822 sq ft
- Built
- 2005
- Largest tenants
- Basha's Grocery Store (#161); ACE Hardware; Fat Willy's Family Sports Grill
- Value at securitization
- $31.5M (Jun 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.58x | 1.54x |
| Occupancy | 98% | 100% |
| Net operating income (annualized from 6 months) | $2.1M | $2.1M |
| Debt yield | 9.8% |
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 BANK 2021-BNK37 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- The filing gives Oct 2030 as the lease end date for the largest tenant (Basha's Grocery Store (#161)), 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 | $21.2M | Current | No | 1.54x | 100% |
| August 2026 | $21.2M | Current | No | 1.31x | 100% |
| July 2026 | $21.3M | Current | No | 1.31x | 100% |
| June 2026 | $21.3M | Current | No | 1.31x | 100% |
| May 2026 | $21.3M | Current | No | 1.31x | 100% |
| April 2026 | $21.4M | Current | No | 1.31x | 100% |
| March 2026 | $21.4M | Current | No | n/a | n/a |
| February 2026 | $21.5M | Current | No | n/a | n/a |
| January 2026 | $21.5M | Current | No | n/a | n/a |
| December 2025 | $21.5M | Current | No | n/a | n/a |
| November 2025 | $21.6M | Current | No | n/a | n/a |
| October 2025 | $21.6M | 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.
Special-servicing history
- Transferred to the special servicer September 12, 2024, returned to the master servicer July 17, 2025.
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 |
|---|---|---|---|---|
| BANK 2021-BNK37 | 16 | $21,185,184 | Sep 2026 | SEC filing, September 29, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Watermark Tempe | Tempe, AZ | Mixed use | $121.0M | 2.84% | Aug 2031 | 4.47x | 98% | Current |
| Superstition Gateway | Mesa, AZ | Retail | $77.1M | 3.62% | Oct 2031 | 2.91x | 96% | Current |
| Mesa | Mesa, AZ | Self storage | $51.0M | 2.954% | Aug 2031 | n/a | n/a | Current |
| Mesa Grand | Mesa, AZ | Retail | $38.0M | 6.583% | Jul 2031 | n/a | n/a | Current |
| Gainey Ranch Corporate Center II | Scottsdale, AZ | Office | $29.2M | 3.20% | Aug 2031 | 4.12x | 100% | Current |
| Consumer Cellular | Phoenix, AZ | Office | $27.5M | 4.474% | Apr 2031 | 2.21x | 100% | Current |
| Arcadia Fiesta | Phoenix, AZ | Retail | $26.9M | 3.55% | Dec 2031 | 1.73x | 100% | Current |
| The District - Airpark | Scottsdale, AZ | Mixed use | $25.4M | 3.58% | Apr 2031 | 3.17x | 91% | Current |
All loans maturing in 2031 · All Phoenix-Mesa-Chandler 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.