Retail portfolio, 3 properties · Brimingham, Alabama
Morris Avenue Property
This portfolio is financed with a $8.9M CMBS loan at 4.425% 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 with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $8,892,999
- Original balance (same notes)
- $10,300,000
- Interest rate
- 4.425% fixed
- Originated
- March 2, 2021
- Maturity
- March 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- December 5, 2030
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred August 10, 2023
- Workout strategy
- REO
- Defeasance
- None reported
The property
- Address
- 2014 Morris Avenue 2013 1st Avenue North, Brimingham, AL 35203
- Metro
- Birmingham, AL
- Value at securitization
- $15.2M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | n/a |
Watch flags
Computed from the Benchmark 2021-B25 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Morris Avenue Property | Brimingham, AL | Office | n/a | n/a |
| 41st Street Property | Birmingham, AL | Retail | n/a | n/a |
| 20th Street Property | Birmingham, AL | Retail | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.9M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $8.9M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $8.9M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $8.9M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $8.9M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $8.9M | 90+ days delinquent | Yes | 0.40x | 46% |
| March 2026 | $8.9M | 90+ days delinquent | Yes | 0.40x | 46% |
| February 2026 | $8.9M | 90+ days delinquent | Yes | 0.40x | 46% |
| January 2026 | $8.9M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $8.9M | 60-89 days delinquent | Yes | n/a | n/a |
| November 2025 | $8.9M | 30-59 days delinquent | Yes | n/a | n/a |
| October 2025 | $8.9M | Late payment but less than 30 days delinquent | Yes | 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.
Special-servicing history
- Transferred to the special servicer August 10, 2023, still there.
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 |
|---|---|---|---|---|
| Benchmark 2021-B25 Mortgage Trust | 33 | $8,892,999 | Sep 2026 | SEC filing, September 28, 2026 |
Other Birmingham loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Colonnade Corporate Center | Birmingham, AL | Office | $79.5M | 4.55% | Jul 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Inverness Dental & Medical Plaza | Hoover, AL | Office | $4.6M | 3.999% | Apr 2031 | 2.60x | 100% | Current |
| Cvs Moody | Moody, AL | Retail | $2.9M | 3.20% | Oct 2031 | 1.94x | 100% | 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.