Retail · Warsaw, Indiana
Kohls Warsaw
Kohls Warsaw is financed with a $3.4M CMBS loan at 4.12% 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
- $3,428,989
- Original balance (same notes)
- $3,750,000
- Interest rate
- 4.12% fixed
- Originated
- November 23, 2021
- Maturity
- December 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- September 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 590 West 300 North, Warsaw, IN 46582
- Rentable area
- 68,336 sq ft
- Built
- 2005
- Largest tenants
- Kohl's Indiana LP
- Value at securitization
- $6.2M (Oct 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.90x | 2.02x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $414K | $444K |
| Debt yield | 12.9% |
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.
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 7% above the underwritten figure ($444K a year against $414K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.90x at securitization to 2.02x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.4M | Current | No | 2.02x | 100% |
| August 2026 | $3.4M | Current | No | 2.02x | 100% |
| July 2026 | $3.4M | Current | No | 2.02x | 100% |
| June 2026 | $3.4M | Current | No | 2.02x | 100% |
| May 2026 | $3.5M | Current | No | 2.02x | 100% |
| April 2026 | $3.5M | Current | No | 2.02x | 100% |
| March 2026 | $3.5M | Current | No | 2.02x | 100% |
| February 2026 | $3.5M | Current | No | 2.02x | 100% |
| January 2026 | $3.5M | Current | No | 2.02x | 100% |
| December 2025 | $3.5M | Current | No | 2.02x | 100% |
| November 2025 | $3.5M | Current | No | 2.02x | 100% |
| October 2025 | $3.5M | Current | No | 2.02x | 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 | 38 | $3,428,989 | Sep 2026 | SEC filing, September 28, 2026 |
Other Indiana loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cambridge Commons | Indianapolis, IN | Multifamily | $134.0M | 3.724% | Nov 2031 | n/a | n/a | Current |
| Soa - E. Washington | Indianapolis, IN | Self storage | $61.5M | 6.007% | Apr 2031 | n/a | n/a | Current |
| Marriott Indianapolis North | Indianapolis, IN | Hotel | $42.8M | 6.979% | Apr 2031 | n/a | n/a | Current |
| Meridian Mark | Carmel, IN | Office | $41.5M | 6.79% | Aug 2031 | n/a | n/a | Current |
| Boston Scientific | Spencer, IN | Industrial | $39.7M | 3.292% | Apr 2031 | 2.78x | 100% | Current |
| Williamsburg North | Indianapolis, IN | Multifamily | $37.5M | 6.33% | Feb 2031 | n/a | n/a | Current |
| Midwest Trade Center | Westville, IN | Industrial | $27.9M | 3.18% | Oct 2031 | 3.74x | 89% | Current |
| One & Two River Crossing | Indianapolis, IN | Office | $22.8M | 3.289% | Sep 2031 | 3.92x | 98% | 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.