Other · Morton, Pennsylvania
Kohls Morton
Kohls Morton is financed with a $4.9M CMBS loan at 3.414% that reaches maturity on December 6, 2031, in 5 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
- $4,900,000
- Original balance (same notes)
- $4,900,000
- Interest rate
- 3.414% fixed
- Originated
- November 23, 2021
- Maturity
- December 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 405 Baltimore Pike, Morton, PA 19070
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 85,904 sq ft
- Largest tenants
- Kohl's Deparment Stores Inc.
- Value at securitization
- $9.5M (Oct 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 4.64x | 4.29x |
| Occupancy | n/a | 100% |
| Net operating income (annualized from 6 months) | $786K | $732K |
| Debt yield | 14.9% |
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 GS Mortgage Securities Trust 2021-GSA3 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
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 7% below the underwritten figure ($732K a year against $786K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 4.64x at securitization to 4.29x on the latest statements.
- The filing gives Feb 2029 as the lease end date for the largest tenant (Kohl's Deparment Stores Inc.), 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 | $4.9M | Current | No | 4.29x | 100% |
| August 2026 | $4.9M | Current | No | 4.29x | 100% |
| July 2026 | $4.9M | Current | No | 4.34x | 100% |
| June 2026 | $4.9M | Current | No | 4.34x | 100% |
| May 2026 | $4.9M | Current | No | 4.34x | 100% |
| April 2026 | $4.9M | Current | No | 4.28x | 100% |
| March 2026 | $4.9M | Current | No | 4.28x | 100% |
| February 2026 | $4.9M | Current | No | 4.66x | 100% |
| January 2026 | $4.9M | Current | No | 4.66x | 100% |
| December 2025 | $4.9M | Current | No | 4.66x | 100% |
| November 2025 | $4.9M | Current | No | 4.66x | 100% |
| October 2025 | $4.9M | Current | No | 4.67x | 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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2021-GSA3 | 34 | $4,900,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Atlantic | Philadelphia, PA | Multifamily | $125.0M | 3.456% | Feb 2031 | 1.26x | 95% | Current |
| Deptford Mall | Deptford, NJ | Retail | $115.0M | 6.95% | May 2031 | n/a | n/a | Current |
| 400 Arcola Road | Collegeville, PA | Mixed use | $110.0M | 6.781% | Mar 2031 | n/a | n/a | Current |
| Velocity Industrial Portfolio | Lansdale, PA | Industrial | $75.0M | 3.23% | Jul 2031 | 3.29x | 90% | Current |
| Two Penn Center | Philadelphia, PA | Office | $67.9M | 3.268% | Apr 2031 | 2.07x | 74% | Current |
| 300 Four Falls | Conshohocken, PA | Office | $57.6M | 6.846% | Jan 2031 | 0.96x | 89% | Current |
| Wessex House | Wayne, PA | Multifamily | $57.5M | 5.72% | Mar 2031 | n/a | n/a | Current |
| The Court at Oxford Valley | Fairless Hills, PA | Retail | $52.6M | 3.20% | Jul 2031 | 2.23x | 92% | Current |
All loans maturing in 2031 · All Philadelphia-Camden-Wilmington 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.