Retail · Austin, Texas
Crescent Shopping Center
Crescent Shopping Center is financed with a $24.4M CMBS loan at 4.355% that reaches maturity on May 1, 2031, in 4 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $24,375,707
- Original balance (same notes)
- $24,500,000
- Interest rate
- 4.355% fixed
- Originated
- April 6, 2021
- Maturity
- May 1, 2031
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- January 31, 2031
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6903 & 6929 Airport Boulevard, Austin, TX 78752
- Metro
- Austin-Round Rock-San Marcos, TX
- Rentable area
- 118,038 sq ft
- Built
- 1964, renovated 2021
- Largest tenants
- TAWA INC.; Paesr Enterprises Inc; Hottest Pot
- Value at securitization
- $38.7M (Feb 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.34x | 2.99x |
| Occupancy | 88% | 99% |
| Net operating income (annualized from 3 months) | $2.0M | $3.2M |
| Debt yield | 13.3% |
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-BNK33 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
- Occupancy has risen from 88% when the loan was securitized to 99%.
- Net operating income is 65% above the underwritten figure ($3.2M a year against $2.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.34x at securitization to 2.99x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $24.4M | Current | No | 2.99x | 99% |
| August 2026 | $24.4M | Current | No | 2.99x | 99% |
| July 2026 | $24.4M | Current | No | 2.99x | 99% |
| June 2026 | $24.5M | Current | No | 2.99x | 99% |
| May 2026 | $24.5M | Current | No | 2.99x | 99% |
| April 2026 | $24.5M | Current | No | 2.76x | 100% |
| March 2026 | $24.5M | Current | No | 2.76x | 100% |
| February 2026 | $24.5M | Current | No | 2.76x | 100% |
| January 2026 | $24.5M | Current | No | 2.79x | 100% |
| December 2025 | $24.5M | Current | No | 2.79x | 100% |
| November 2025 | $24.5M | Current | No | 2.79x | 100% |
| October 2025 | $24.5M | Current | No | 2.51x | 100% |
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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2021-BNK33 | 16 | $24,375,707 | Sep 2026 | SEC filing, September 29, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Domain | Austin, TX | Retail | $210.0M | 3.094% | Jul 2031 | 6.51x | 98% | Current |
| 111 Congress | Austin, TX | Office | $116.5M | 7.135% | Aug 2031 | n/a | n/a | Current |
| The Mirage at San Marcos | San Marcos, TX | Multifamily | $35.0M | 5.265% | May 2031 | n/a | n/a | Current |
| Frontera Crossing | Austin, TX | Office | $27.6M | 7.366% | May 2031 | n/a | n/a | Current |
| North Park Shopping Center, Austin | Austin, TX | Retail | $14.5M | 6.28% | Jul 2031 | n/a | n/a | Current |
| Round Rock | Round Rock, TX | Office | $12.2M | 3.92% | Feb 2031 | n/a | n/a | Current |
| Shepherd Mountain Plaza | Austin, TX | Office | $11.5M | 2.68% | Oct 2031 | 3.30x | 85% | Current |
| 8900 South Congress | Austin, TX | Retail | $9.6M | 3.839% | Dec 2031 | 2.04x | 100% | Current |
All loans maturing in 2031 · All Austin-Round Rock-San Marcos 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.