Retail · Cincinnati, Ohio
Kings Automall Shopping Center
Kings Automall Shopping Center is financed with a $5.1M CMBS loan at 4.04% that reaches maturity on August 1, 2031, in 4 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,109,277
- Original balance (same notes)
- $5,300,000
- Interest rate
- 4.04% fixed
- Originated
- July 15, 2021
- Maturity
- August 1, 2031
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- April 30, 2031
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 9950-9998 Kings Automall Drive, Cincinnati, OH 45249
- Metro
- Cincinnati, OH-KY-IN
- Rentable area
- 67,246 sq ft
- Built
- 1990, renovated 2020
- Largest tenants
- Planet Fitness; Three Brother Grill Inc.; Play It Again Sports
- Value at securitization
- $7.7M (Jun 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.12x | 2.80x |
| Occupancy | 98% | 98% |
| Net operating income (annualized from 6 months) | $647K | $860K |
| Debt yield | 16.8% |
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-BNK36 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
- Net operating income is 33% above the underwritten figure ($860K a year against $647K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.12x at securitization to 2.80x on the latest statements.
- The filing gives Dec 2030 as the lease end date for the largest tenant (Planet Fitness), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.1M | Current | No | 2.80x | 98% |
| August 2026 | $5.1M | Current | No | 2.80x | 98% |
| July 2026 | $5.1M | Current | No | 2.74x | 100% |
| June 2026 | $5.1M | Current | No | 2.74x | 100% |
| May 2026 | $5.1M | Current | No | 2.32x | 100% |
| April 2026 | $5.1M | Current | No | 2.32x | 100% |
| March 2026 | $5.2M | Current | No | 2.32x | 100% |
| February 2026 | $5.2M | Current | No | 2.74x | 100% |
| January 2026 | $5.2M | Current | No | 2.74x | 100% |
| December 2025 | $5.2M | Current | No | 2.74x | 100% |
| November 2025 | $5.2M | Current | No | 2.74x | 100% |
| October 2025 | $5.2M | Current | No | 3.21x | 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-BNK36 | 50 | $5,109,277 | Sep 2026 | SEC filing, September 29, 2026 |
Other Cincinnati loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 175 Progress Place | Springdale, OH | Office | $42.2M | 3.82% | Apr 2031 | 2.63x | 92% | Current |
| The Links | Cincinnati, OH | Multifamily | $21.4M | 6.43% | Jan 2031 | n/a | n/a | Current |
| City Line Milford Self Storage | OH | Self storage | $12.0M | 6.371% | Jul 2031 | n/a | n/a | Current |
| Shoppes at Mason | Mason, OH | Retail | $7.8M | 3.858% | Nov 2031 | 2.84x | 100% | Current |
| Anderson Property | Monroe, OH | Industrial | $7.6M | 3.58% | Nov 2031 | n/a | n/a | Current |
| The Arthur | Covington, KY | Multifamily | $5.4M | 6.55% | Jul 2031 | n/a | n/a | Current |
| Broadway Square Phase 1 | Cincinnati, OH | Mixed use | $4.9M | 3.75% | Jul 2031 | 1.68x | 98% | Current |
| Spring Creek Apartments | Springboro, OH | Multifamily | $2.6M | 4.197% | May 2031 | 2.37x | 96% | 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.