Industrial portfolio, 33 properties · Multiple locations
Equus Industrial Portfolio
This portfolio is financed with a $69.9M CMBS loan at 2.484% that reaches maturity on April 9, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $69,903,870
- Original balance (same notes)
- $69,903,870
- Interest rate
- 2.484% fixed
- Originated
- April 8, 2021
- Maturity
- April 9, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 8, 2023
- Prepayment premium ends
- October 8, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Value at securitization
- $583.4M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 5.55x | 2.75x |
| Occupancy | 98% | 100% |
| Net operating income | $32.6M | $33.6M |
| Debt yield | 48.0% |
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.
- Coverage down 0.25x or more from securitization
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 5.55x at securitization to 2.75x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $69.9M | Current | No | 2.75x | 100% |
| August 2026 | $69.9M | Current | No | 2.75x | 100% |
| July 2026 | $69.9M | Current | No | 2.75x | 100% |
| June 2026 | $69.9M | Current | No | 2.75x | 100% |
| May 2026 | $69.9M | Current | No | 2.75x | 100% |
| April 2026 | $69.9M | Current | No | 2.58x | 100% |
| March 2026 | $69.9M | Current | No | 2.58x | 100% |
| February 2026 | $69.9M | Current | No | 2.58x | 100% |
| January 2026 | $69.9M | Current | No | 2.50x | 100% |
| December 2025 | $69.9M | Current | No | 2.50x | 100% |
| November 2025 | $69.9M | Current | No | 2.50x | 100% |
| October 2025 | $69.9M | Current | No | 2.68x | 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 | 2 | $69,903,870 | Sep 2026 | SEC filing, September 29, 2026 |
Other industrial loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 375 Kenyon Road | Suffolk, VA | Industrial | $163.1M | 2.484% | Apr 2028 | n/a | n/a | Current |
| Airport Business Center, Irvine | Irvine, CA | Industrial | $150.0M | 4.375% | Feb 2028 | 3.15x | 90% | Current |
| Romulus - Huron | Romulus, MI | Industrial | $127.8M | 7.35% | May 2028 | 1.37x | 69% | Current |
| Tryad Industrial & Business Center | Rochester, NY | Industrial | $73.3M | 5.021% | Jan 2028 | -0.03x | 53% | With the special servicer and 90+ days delinquent |
| California High Tech Logistics | Riverside, CA | Industrial | $70.0M | 8.122% | Apr 2028 | 1.35x | 100% | Current |
| Penske Distribution Center | Romulus, MI | Industrial | $70.0M | 4.63% | Dec 2028 | 2.59x | 100% | Current |
| Miami Industrial Portfolio | Miami, FL | Industrial | $66.1M | 4.981% | Dec 2028 | 3.32x | 87% | Current |
| CA Property - 16900 West Shulte Road | Tracy, CA | Industrial | $65.0M | 4.047% | Sep 2028 | n/a | n/a | 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.