Self storage · Port Charlotte, Florida
CityLine Port Charlotte
CityLine Port Charlotte is financed with a $3.2M CMBS loan at 3.86% that reached maturity on July 6, 2026, 3 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is past maturity and not performing.
The loan
- Balance in tracked trusts
- $3,179,610
- Original balance (same notes)
- $3,179,610
- Interest rate
- 3.86% fixed
- Originated
- June 22, 2021
- Maturity
- July 6, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 5, 2026
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Non performing matured balloon. (code 5)
- Special servicing
- Transferred July 7, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 23227 Freedom Avenue, Port Charlotte, FL 33980
- Rentable area
- 35,113 sq ft
- Units, rooms or beds
- 599
- Built
- 1984, renovated 1997
- Value at securitization
- $5.1M (May 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.24x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $278K | n/a |
Watch flags
Computed from the Benchmark 2021-B28 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Past maturity
On the cmbs.news watch list in every report since July 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.2M | Non performing matured balloon | Yes | n/a | n/a |
| August 2026 | $3.2M | Non performing matured balloon | Yes | n/a | n/a |
| July 2026 | $3.2M | Non performing matured balloon | Yes | n/a | n/a |
| June 2026 | $3.2M | Current | No | n/a | n/a |
| May 2026 | $3.2M | Current | No | n/a | n/a |
| April 2026 | $3.2M | Current | No | 1.37x | 62% |
| March 2026 | $3.2M | Current | No | 1.37x | 62% |
| February 2026 | $3.2M | Current | No | 1.37x | 62% |
| January 2026 | $3.2M | Current | No | 1.37x | 62% |
| December 2025 | $3.2M | Current | No | 1.37x | 62% |
| November 2025 | $3.2M | Current | No | 1.55x | 66% |
| October 2025 | $3.2M | Current | No | 1.55x | 66% |
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 July 7, 2026, 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-B28 Mortgage Trust | 71 | $3,179,610 | Sep 2026 | SEC filing, September 28, 2026 |
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.