Office · Charleston, West Virginia
Chase Tower
Chase Tower is financed with a $28.2M CMBS loan at 3.657% that reaches maturity on July 1, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $28,210,000
- Original balance (same notes)
- $28,210,000
- Interest rate
- 3.657% fixed
- Originated
- June 9, 2021
- Maturity
- July 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 31, 2023
- Prepayment premium ends
- April 30, 2031 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred November 8, 2023
- Workout strategy
- Foreclosure
- Defeasance
- Partly defeased
The property
- Address
- 707 Virginia Street East, Charleston, WV 25301
- Rentable area
- 284,310 sq ft
- Built
- 1968, renovated 2000
- Largest tenants
- Steptoe & Johnson PLLC; Douglas Parking, LLC; Kay Casto & Chaney, PLLC
- Value at securitization
- $43.4M (Mar 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.45x | n/a |
| Occupancy | 87% | n/a |
| Net operating income | $2.6M | n/a |
Watch flags
Computed from the BENCHMARK 2021-B27 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 most recent valuation in the filing is $13.2M (May 11, 2026), against $43.4M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $28.2M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $28.2M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $28.2M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $28.2M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $28.2M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $28.2M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $28.2M | 60-89 days delinquent | Yes | n/a | n/a |
| February 2026 | $28.2M | 30-59 days delinquent | Yes | n/a | n/a |
| January 2026 | $28.2M | 30-59 days delinquent | Yes | n/a | n/a |
| December 2025 | $28.2M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| November 2025 | $28.2M | 30-59 days delinquent | Yes | n/a | n/a |
| October 2025 | $28.2M | Late payment but less than 30 days delinquent | Yes | 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 November 8, 2023, still there.
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-B27 MORTGAGE TRUST | 15 | $28,210,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other West Virginia loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Southridge Center | Charleston, WV | Retail | $20.5M | 3.99% | Apr 2031 | 3.63x | 99% | Current |
| Rent a Space Dunbar | Dunbar, WV | Self storage | $3.1M | 3.79% | Jan 2031 | 3.43x | 85% | Current |
| Dalewood 1 | Cross Lanes, WV | Manufactured housing | $2.0M | 4.558% | Apr 2031 | n/a | n/a | 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.