Multifamily · Miami Beach, Florida
Greenview Courtyard Apartments
Greenview Courtyard Apartments is financed with a $5.3M CMBS loan at 3.77% that reaches maturity on November 1, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,300,000
- Original balance (same notes)
- $5,300,000
- Interest rate
- 3.77% fixed
- Originated
- October 19, 2021
- Maturity
- November 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 30, 2031
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Mortgage Capital Holdings LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2021-2031 Meridian Avenue, Miami Beach, FL 33139
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Units, rooms or beds
- 30
- Built
- 1949
- Value at securitization
- $10.8M (Sep 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.20x | 2.20x |
| Occupancy | 97% | 90% |
| Net operating income | $446K | $445K |
| Debt yield | 8.4% |
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-BNK37 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 97% when the loan was securitized to 90%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.3M | Current | No | 2.20x | 90% |
| August 2026 | $5.3M | Current | No | 2.20x | 90% |
| July 2026 | $5.3M | Current | No | 2.20x | 90% |
| June 2026 | $5.3M | Current | No | 2.20x | 90% |
| May 2026 | $5.3M | Current | No | 2.20x | 90% |
| April 2026 | $5.3M | Current | No | 2.20x | 90% |
| March 2026 | $5.3M | Current | No | 2.25x | 87% |
| February 2026 | $5.3M | Current | No | 2.25x | 87% |
| January 2026 | $5.3M | Current | No | 2.25x | 87% |
| December 2025 | $5.3M | Current | No | 2.25x | 87% |
| November 2025 | $5.3M | Current | No | 2.25x | 87% |
| October 2025 | $5.3M | Current | No | 2.25x | 87% |
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-BNK37 | 47 | $5,300,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Phillips Point | West Palm Beach, FL | Office | $198.5M | 3.34% | Feb 2031 | 2.04x | 74% | Current |
| Cottage Cove Apartments | Miami, FL | Multifamily | $87.5M | 6.45% | Feb 2031 | n/a | n/a | Current |
| Extra Space Brickell | Miami, FL | Self storage | $65.0M | 3.99% | May 2031 | n/a | n/a | Current |
| Holiday Inn Miami Hialeah | Hialeah Gardens, FL | Hotel | $60.0M | 7.372% | Mar 2031 | n/a | n/a | Current |
| Doral Concourse | Doral, FL | Office | $56.0M | 3.31% | Aug 2031 | 2.24x | 84% | Current |
| 17 West Miami | Miami Beach, FL | Mixed use | $55.0M | 3.81% | Dec 2031 | 1.67x | 100% | Current |
| Doral Center | Doral, FL | Office | $53.5M | 7.35% | Aug 2031 | n/a | n/a | Current |
| Innovo at Sunrise | Sunrise, FL | Multifamily | $34.0M | 5.96% | Apr 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Miami-Fort Lauderdale-West Palm Beach 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.