Office · New York, New York
Grace Building
Public CMBS trusts hold $450.0M of the loan on Grace Building at 2.692% that reaches maturity on December 6, 2030, in 4 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $450,000,000
- Original balance (same notes)
- $450,000,000
- Interest rate
- 2.692% fixed
- Originated
- November 17, 2020
- Maturity
- December 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 5, 2023
- Prepayment premium ends
- June 5, 2030 (yield maintenance)
- Master servicer
- Wells Fargo
- Originator
- JPMorgan Chase Bank, National Association, DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1114 Avenue of the Americas, New York, NY 10036
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 1,556,319 sq ft
- Built
- 1974, renovated 2018
- Largest tenants
- The Trade Desk, Inc.; Bank of America, N.A.; Israel Discount Bank of New York
- Value at securitization
- $2.1B (Sep 2020)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 4.33x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $104.3M | n/a |
Watch flags
Computed from the BANK 2021-BNK33 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $450.0M | Current | No | 3.11x | 98% |
| August 2026 | $450.0M | Current | No | 3.30x | 98% |
| July 2026 | $450.0M | Current | No | 3.30x | 98% |
| June 2026 | $450.0M | Late payment but less than 30 days delinquent | No | 3.30x | 98% |
| May 2026 | $450.0M | Late payment but less than 30 days delinquent | No | 3.18x | 96% |
| April 2026 | $450.0M | Current | No | 3.18x | 95% |
| March 2026 | $450.0M | Current | No | 3.18x | 95% |
| February 2026 | $450.0M | Current | No | 3.18x | 95% |
| January 2026 | $450.0M | Current | No | 3.24x | 100% |
| December 2025 | $450.0M | Current | No | 3.24x | 100% |
| November 2025 | $450.0M | Current | No | 3.24x | 100% |
| October 2025 | $450.0M | Current | No | 3.24x | 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
The loan is split into 7 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2020-B21 Mortgage Trust | 1 | $100,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2020-B22 Mortgage Trust | 1 | $80,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2020-BNK29 | 4 | $75,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| CSAIL 2021-C20 Commercial Mortgage Trust | 1 | $60,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BANK 2020-BNK30 | 6 | $60,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BENCHMARK 2021-B23 MORTGAGE TRUST | 9 | $60,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
| BANK 2021-BNK33 | 22 | $15,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 711 Fifth Avenue | New York, NY | Mixed use | $545.0M | 3.16% | Mar 2030 | 2.71x | 66% | Current |
| Kings Plaza | Brooklyn, NY | Retail | $487.0M | 3.359% | Jan 2030 | 2.38x | 91% | Current |
| 545 Washington Boulevard | Jersey City, NJ | Office | $251.6M | 3.405% | Feb 2030 | 2.00x | 91% | Current |
| 605 Third Avenue | New York, NY | Office | $231.0M | 1.938% | Dec 2030 | 4.66x | 83% | Current |
| The Spiral | New York, NY | Office | $200.0M | 5.50% | Jan 2030 | n/a | n/a | Current |
| 250 West 57th Street | New York, NY | Office | $180.0M | 2.829% | Dec 2030 | 4.41x | 85% | Current |
| Mall at Bay Plaza | The Bronx, NY | Retail | $170.0M | 6.715% | Nov 2030 | n/a | n/a | Current |
| 120 Wall Street | New York, NY | Office | $165.0M | 3.201% | Oct 2030 | 2.73x | 91% | Current |
All loans maturing in 2030 · All New York-Newark-Jersey City loans
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.