Other portfolio, 2 properties · Louisiana
Metairie MOB Portfolio
This portfolio is financed with a $23.1M CMBS loan at 4.635% that reaches maturity on March 6, 2031, in 4 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $23,149,877
- Original balance (same notes)
- $25,500,000
- Interest rate
- 4.635% fixed
- Originated
- February 12, 2021
- Maturity
- March 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- January 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred October 13, 2022, returned January 26, 2024
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Value at securitization
- $38.2M (Dec 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.37x | 1.70x |
| Occupancy | 100% | 76% |
| Net operating income (annualized from 3 months) | $2.2M | $2.7M |
| Debt yield | 11.8% |
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 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C59 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points 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
- Occupancy has fallen from 100% when the loan was securitized to 76%.
- Net operating income is 26% above the underwritten figure ($2.7M a year against $2.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.37x at securitization to 1.70x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $23.1M | Current | No | 1.70x | 76% |
| August 2026 | $23.2M | Current | No | 1.70x | 76% |
| July 2026 | $23.2M | Current | No | 1.70x | 76% |
| June 2026 | $23.3M | Current | No | 1.94x | 95% |
| May 2026 | $23.3M | Current | No | 2.14x | 85% |
| April 2026 | $23.3M | Current | No | 2.14x | 85% |
| March 2026 | $23.4M | Current | No | 2.14x | 85% |
| February 2026 | $23.4M | Current | No | 2.14x | 85% |
| January 2026 | $23.5M | Current | No | 1.42x | 93% |
| December 2025 | $23.5M | Current | No | 1.42x | 93% |
| November 2025 | $23.5M | Current | No | 1.42x | 93% |
| October 2025 | $23.6M | Current | No | 1.42x | 93% |
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.
Special-servicing history
- Transferred to the special servicer October 13, 2022, returned to the master servicer January 26, 2024.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C59 | 10 | $23,149,877 | Sep 2026 | SEC filing, September 29, 2026 |
Other Louisiana loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Energy Centre | New Orleans, LA | Office | $61.0M | 6.61% | Mar 2031 | n/a | n/a | Current |
| 115 Canvasback Drive | Saint Rose, LA | Mixed use | $38.0M | 3.755% | Apr 2031 | n/a | n/a | Current |
| Brookwood Self Storage Portfolio | LA | Self storage | $32.4M | 3.055% | Jun 2031 | 4.08x | 81% | Current |
| Springs at Country Club | Lake Charles, LA | Multifamily | $31.4M | 3.445% | May 2031 | 1.86x | 98% | Current |
| Tanglewood Apartments | Westwego, LA | Multifamily | $30.0M | 3.83% | Nov 2031 | n/a | n/a | Current |
| First Solar Distribution | New Iberia, LA | Industrial | $24.5M | 6.06% | Aug 2031 | n/a | n/a | Current |
| Parc Gardens | Lafayette, LA | Multifamily | $22.6M | 3.702% | Nov 2031 | 2.81x | 91% | Current |
| Palms at Sunset Lakes | Zachary, LA | Multifamily | $22.2M | 5.85% | Jul 2031 | n/a | n/a | 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.