Office · St. Petersburg, Florida
Morgan Stanley Tower
Morgan Stanley Tower is financed with a $32.4M CMBS loan at 3.50% 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
- $32,372,270
- Original balance (same notes)
- $34,000,000
- Interest rate
- 3.50% fixed
- Originated
- February 12, 2021
- Maturity
- March 6, 2031
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- October 5, 2030
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently September 19, 2022
- Defeasance
- None reported
The property
- Address
- 150 2nd Ave 117 2nd Street North, St. Petersburg, FL 33701
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Rentable area
- 187,182 sq ft
- Built
- 1985, renovated 2015
- Largest tenants
- Morgan Stanley Smith Barney Financing LL; DCR Loan Servicing, LLC; Research Innovations Incorporated
- Value at securitization
- $54.1M (Dec 2020)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.98x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $3.6M | n/a |
Watch flags
Computed from the Benchmark 2021-B24 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Modified
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
- The filing gives Apr 2029 as the lease end date for the largest tenant (Morgan Stanley Smith Barney Financing LL), 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 | $32.4M | Current | No | n/a | n/a |
| August 2026 | $32.4M | Current | No | n/a | n/a |
| July 2026 | $32.5M | Current | No | n/a | n/a |
| June 2026 | $32.5M | Current | No | n/a | n/a |
| May 2026 | $32.6M | Current | No | n/a | n/a |
| April 2026 | $32.7M | Current | No | n/a | n/a |
| March 2026 | $32.7M | Current | No | n/a | n/a |
| February 2026 | $32.8M | Current | No | n/a | n/a |
| January 2026 | $32.8M | Current | No | n/a | n/a |
| December 2025 | $32.9M | Current | No | n/a | n/a |
| November 2025 | $32.9M | Current | No | n/a | n/a |
| October 2025 | $33.0M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| Benchmark 2021-B24 Mortgage Trust | 14 | $32,372,270 | Sep 2026 | SEC filing, September 28, 2026 |
Other Tampa-St. Petersburg-Clearwater loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Renaissance Center Park | Tampa, FL | Office | $97.0M | 6.615% | Feb 2031 | n/a | n/a | Current |
| Bahia Apartments | Tampa, FL | Multifamily | $48.0M | 3.97% | Dec 2031 | n/a | n/a | Current |
| Marriott Tampa Westshore | Tampa, FL | Hotel | $46.4M | 6.613% | Jun 2031 | n/a | n/a | Current |
| First Central Tower | St. Petersburg, FL | Office | $45.1M | 3.42% | Feb 2031 | 3.59x | 91% | Current |
| Ubc (i Ii&iv) | Tampa, FL | Office | $39.8M | 6.65% | Mar 2031 | n/a | n/a | Current |
| Innovo at Waters | Tampa, FL | Multifamily | $35.3M | 5.96% | Apr 2031 | n/a | n/a | Current |
| Lofts at River Edge | Tampa, FL | Multifamily | $22.0M | 7.11% | Feb 2031 | n/a | n/a | Late, less than 30 days |
| Tampa Bay Buccaneers Corporate Office Headquarters | Tampa, FL | Office | $21.9M | 3.77% | Feb 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Tampa-St. Petersburg-Clearwater 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.