Industrial · Elmwood, Louisiana
Elmwood Distribution Center
Elmwood Distribution Center is financed with a $15.0M CMBS loan at 2.85% that reaches maturity on July 6, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $15,000,000
- Original balance (same notes)
- $15,000,000
- Interest rate
- 2.85% fixed
- Originated
- June 25, 2021
- Maturity
- July 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2031
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5600 Jefferson Highway, Elmwood, LA 70062
- Metro
- New Orleans-Metairie, LA
- Rentable area
- 412,293 sq ft
- Built
- 1974
- Largest tenants
- Deep South Blenders Inc.; Xpresss Global Systems LLC.; Big Shot Beverages Inc
- Value at securitization
- $35.6M (May 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 4.39x | 5.12x |
| Occupancy | 90% | 87% |
| Net operating income (annualized from 6 months) | $1.9M | $2.2M |
| Debt yield | 14.9% |
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 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 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 fallen from 90% when the loan was securitized to 87%.
- Net operating income is 17% above the underwritten figure ($2.2M a year against $1.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 4.39x at securitization to 5.12x on the latest statements.
- The filing gives Sep 2029 as the lease end date for the largest tenant (Deep South Blenders Inc.), 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 | $15.0M | Current | No | 5.12x | 87% |
| August 2026 | $15.0M | Current | No | 5.33x | 87% |
| July 2026 | $15.0M | Current | No | 5.33x | 87% |
| June 2026 | $15.0M | Current | No | 5.33x | 87% |
| May 2026 | $15.0M | Current | No | 5.32x | 89% |
| April 2026 | $15.0M | Current | No | 5.32x | 89% |
| March 2026 | $15.0M | Current | No | 5.43x | 98% |
| February 2026 | $15.0M | Current | No | 5.43x | 98% |
| January 2026 | $15.0M | Current | No | 5.43x | 98% |
| December 2025 | $15.0M | Current | No | 5.43x | 98% |
| November 2025 | $15.0M | Current | No | 5.43x | 98% |
| October 2025 | $15.0M | Current | No | 5.39x | 98% |
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 |
|---|---|---|---|---|
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 | 17 | $15,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New Orleans-Metairie loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Energy Centre | New Orleans, LA | Office | $61.0M | 6.61% | Mar 2031 | n/a | n/a | Current |
| 115 Canvasback Drive | Saint Rose, LA | Mixed use | $38.0M | 3.755% | Apr 2031 | n/a | n/a | Current |
| Tanglewood Apartments | Westwego, LA | Multifamily | $30.0M | 3.83% | Nov 2031 | n/a | n/a | Current |
| Fountainbleau Self Storage | New Orleans, LA | Self storage | $6.5M | 3.41% | Jan 2031 | 0.10x | 66% | Current |
| 5800 Brookhollow | Elmwood, LA | Industrial | $2.0M | 2.85% | Jul 2031 | 8.17x | 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.