Self storage · Fayetteville, North Carolina
Fayetteville Self Storage
Fayetteville Self Storage is financed with a $3.3M CMBS loan at 4.50% that reaches maturity on October 6, 2031, in 4 years and 11 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
- $3,252,143
- Original balance (same notes)
- $3,500,000
- Interest rate
- 4.50% fixed
- Originated
- September 7, 2021
- Maturity
- October 6, 2031
- Payments
- Interest only for 1 months, then amortizing
- Prepayment lockout ends
- August 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 25, 2026
- Workout strategy
- Bankruptcy
- Defeasance
- None reported
The property
- Address
- 803 South Eastern Boulevard, Fayetteville, NC 28301
- Metro
- Fayetteville, NC
- Rentable area
- 94,331 sq ft
- Units, rooms or beds
- 407
- Built
- 1987
- Value at securitization
- $7.2M (Jun 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.73x | n/a |
| Occupancy | 99% | n/a |
| Net operating income | $369K | n/a |
Watch flags
Computed from the Benchmark 2021-B29 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 every report since March 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.3M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $3.3M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $3.3M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $3.3M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $3.3M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $3.3M | 60-89 days delinquent | Yes | 0.77x | 100% |
| March 2026 | $3.3M | 30-59 days delinquent | Yes | 0.77x | 100% |
| February 2026 | $3.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| January 2026 | $3.3M | Current | No | n/a | n/a |
| December 2025 | $3.3M | Current | No | n/a | n/a |
| November 2025 | $3.3M | Current | No | n/a | n/a |
| October 2025 | $3.3M | Current | No | n/a | n/a |
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 25, 2026, 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 |
|---|---|---|---|---|
| Benchmark 2021-B29 Mortgage Trust | 47 | $3,252,143 | Sep 2026 | SEC filing, September 28, 2026 |
Other Fayetteville loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Addison Ridge Phases I & III | Fayetteville, NC | Multifamily | $67.0M | 5.60% | Jan 2031 | 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.