Retail portfolio, 2 properties · Multiple locations
CVS-Walgreens Portfolio
This portfolio is financed with a $5.0M CMBS loan at 3.685% that reaches maturity on February 1, 2031, in 4 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 60-89 days delinquent.
The loan
- Balance in tracked trusts
- $5,010,000
- Original balance (same notes)
- $5,010,000
- Interest rate
- 3.685% fixed
- Originated
- January 19, 2021
- Maturity
- February 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 31, 2030
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- 60-89 days delinquent (code 2)
- Special servicing
- Transferred June 11, 2025
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Value at securitization
- $8.4M
Performance
| At securitization | Latest (Mar 2025) | |
|---|---|---|
| DSCR (NOI) | 2.47x | 2.58x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $463K | $483K |
| Debt yield | 9.6% |
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-BNK32 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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
- Debt service coverage moved from 2.47x at securitization to 2.58x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.0M | 60-89 days delinquent | Yes | 2.58x | 100% |
| August 2026 | $5.0M | 90+ days delinquent | Yes | 2.58x | 100% |
| July 2026 | $5.0M | 60-89 days delinquent | Yes | 2.58x | 100% |
| June 2026 | $5.0M | 30-59 days delinquent | Yes | 2.58x | 100% |
| May 2026 | $5.0M | Late payment but less than 30 days delinquent | Yes | 2.58x | 100% |
| April 2026 | $5.0M | 90+ days delinquent | Yes | 2.58x | 100% |
| March 2026 | $5.0M | 90+ days delinquent | Yes | 2.58x | 100% |
| February 2026 | $5.0M | 90+ days delinquent | Yes | 2.58x | 100% |
| January 2026 | $5.0M | 90+ days delinquent | Yes | 2.58x | 100% |
| December 2025 | $5.0M | 60-89 days delinquent | Yes | 2.58x | 100% |
| November 2025 | $5.0M | 30-59 days delinquent | Yes | 2.58x | 100% |
| October 2025 | $5.0M | 30-59 days delinquent | Yes | 2.58x | 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.
Special-servicing history
- Transferred to the special servicer June 11, 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2021-BNK32 | 33 | $5,010,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other retail 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 |
| Northshore Mall | Peabody, MA | Retail | $175.0M | 6.355% | Jan 2031 | 2.36x | 93% | Current |
| Deptford Mall | Deptford, NJ | Retail | $115.0M | 6.95% | May 2031 | n/a | n/a | Current |
| La Encantada | Tuscon, AZ | Retail | $102.0M | 3.361% | Oct 2031 | 3.38x | 93% | Current |
| Glendale Fashion Center | Glendale, CA | Retail | $100.0M | 6.518% | Jul 2031 | n/a | n/a | Current |
| The Veranda | Concord, CA | Retail | $100.0M | 2.99% | Oct 2031 | 3.66x | 96% | Current |
| Clackamas Town Center | Happy Valley, OR | Retail | $97.0M | 6.96% | Sep 2031 | n/a | n/a | Current |
| La Habra Marketplace | La Habra, CA | Retail | $95.0M | 3.70% | Dec 2031 | 2.67x | 99% | 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.