Multifamily · Jackson, Mississippi
Fondren Hill Apartments
Fondren Hill Apartments is financed with a $9.0M CMBS loan at 4.32% that reaches maturity on November 6, 2028, in 2 years. 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
- $9,034,380
- Original balance (same notes)
- $9,800,000
- Interest rate
- 4.32% fixed
- Originated
- October 29, 2021
- Maturity
- November 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred December 10, 2025
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 770 Lakeland Drive, Jackson, MS 39216
- Metro
- Jackson, MS
- Units, rooms or beds
- 96
- Built
- 1973, renovated 2021
- Value at securitization
- $15.3M (Aug 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.41x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $823K | n/a |
Watch flags
Computed from the BENCHMARK 2021-B31 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since November 2025.
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 | $9.0M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $9.0M | 60-89 days delinquent | Yes | n/a | n/a |
| July 2026 | $9.0M | 30-59 days delinquent | Yes | n/a | n/a |
| June 2026 | $9.0M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| May 2026 | $9.0M | Current | Yes | n/a | n/a |
| April 2026 | $9.1M | 30-59 days delinquent | Yes | n/a | n/a |
| March 2026 | $9.1M | 60-89 days delinquent | Yes | n/a | n/a |
| February 2026 | $9.1M | 30-59 days delinquent | Yes | n/a | n/a |
| January 2026 | $9.1M | 60-89 days delinquent | Yes | n/a | n/a |
| December 2025 | $9.2M | 60-89 days delinquent | No | n/a | n/a |
| November 2025 | $9.2M | 30-59 days delinquent | No | n/a | n/a |
| October 2025 | $9.2M | Late payment but less than 30 days delinquent | 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 December 10, 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 |
|---|---|---|---|---|
| BENCHMARK 2021-B31 MORTGAGE TRUST | 43 | $9,034,380 | Sep 2026 | SEC filing, September 30, 2026 |
Other Jackson loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| County Line Plaza | Jackson, MS | Retail | $12.4M | 4.997% | Aug 2028 | 1.36x | 74% | With the special servicer |
| School Street Crossing | Ridgeland, MS | Retail | $3.9M | 5.194% | Feb 2028 | 1.83x | 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.