Office · Birmingham, Alabama
Colonnade Corporate Center
Public CMBS trusts hold $79.5M of the loan on Colonnade Corporate Center at 4.55% that reaches maturity on July 5, 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
- $79,477,393
- Original balance (same notes)
- $83,000,000
- Interest rate
- 4.55% fixed
- Originated
- June 8, 2021
- Maturity
- July 5, 2031
- Payments
- Interest only for 25 months, then amortizing
- Prepayment lockout ended
- September 4, 2023
- Prepayment premium ends
- May 4, 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 February 28, 2025
- Workout strategy
- Foreclosure
- Defeasance
- Partly defeased
The property
- Address
- 3500, 3700 & 3800 Colonnade Parkway, Birmingham, AL 35243
- Metro
- Birmingham, AL
- Rentable area
- 418,116 sq ft
- Built
- 1989
- Largest tenants
- RxBenefits; Morgan Stanley Smith Barney Financi; QUANTA INFRASTRUCTURE SOLU"
- Value at securitization
- $114.5M (Apr 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.34x | n/a |
| Occupancy | 92% | n/a |
| Net operating income | $6.8M | 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
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 filing gives Oct 2028 as the lease end date for the largest tenant (RxBenefits), 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 | $79.5M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $79.5M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $79.5M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $79.5M | 60-89 days delinquent | Yes | n/a | n/a |
| May 2026 | $79.5M | 30-59 days delinquent | Yes | n/a | n/a |
| April 2026 | $79.5M | Late payment but less than 30 days delinquent | Yes | 1.12x | 89% |
| March 2026 | $79.5M | Current | Yes | 1.12x | 89% |
| February 2026 | $79.6M | Current | Yes | 1.15x | 89% |
| January 2026 | $79.8M | Late payment but less than 30 days delinquent | Yes | 1.15x | 87% |
| December 2025 | $79.8M | Current | Yes | 1.15x | 87% |
| November 2025 | $80.0M | Current | Yes | 1.18x | 87% |
| October 2025 | $80.1M | Current | Yes | 1.18x | 79% |
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 February 28, 2025, 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2021-B27 MORTGAGE TRUST | 4 | $57,453,537 | Sep 2026 | SEC filing, September 30, 2026 |
| Benchmark 2021-B28 Mortgage Trust | 22 | $22,023,856 | Sep 2026 | SEC filing, September 28, 2026 |
Other Birmingham loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Morris Avenue Property | Brimingham, AL | Retail | $8.9M | 4.425% | Mar 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Inverness Dental & Medical Plaza | Hoover, AL | Office | $4.6M | 3.999% | Apr 2031 | 2.60x | 100% | Current |
| Cvs Moody | Moody, AL | Retail | $2.9M | 3.20% | Oct 2031 | 1.94x | 100% | 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.