Office · Savannah, Georgia
Mulberry Office
Mulberry Office is financed with a $7.7M CMBS loan at 3.921% that reaches maturity on November 6, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $7,748,563
- Original balance (same notes)
- $8,150,000
- Interest rate
- 3.921% fixed
- Originated
- November 3, 2021
- Maturity
- November 6, 2031
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- May 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Column Financial, Inc.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 101 West Mulberry Boulevard, Savannah, GA 31322
- Metro
- Savannah, GA
- Rentable area
- 51,478 sq ft
- Built
- 2007
- Largest tenants
- Savannah Primary Care Associates; Choate Construction Company; Optim Orthopedics LLC
- Value at securitization
- $11.3M (Sep 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.00x | 1.95x |
| Occupancy | 100% | 79% |
| Net operating income | $924K | $902K |
| Debt yield | 11.6% |
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-C61 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 79%.
- The filing gives Jul 2026 as the lease end date for the largest tenant (Savannah Primary Care Associates), 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 | $7.7M | Late payment but less than 30 days delinquent | No | 1.95x | 79% |
| August 2026 | $7.7M | Current | No | 1.95x | 79% |
| July 2026 | $7.8M | Current | No | 1.95x | 79% |
| June 2026 | $7.8M | Current | No | 1.95x | 79% |
| May 2026 | $7.8M | Current | No | 1.95x | 79% |
| April 2026 | $7.8M | Current | No | 1.95x | 79% |
| March 2026 | $7.8M | Current | No | 1.96x | 79% |
| February 2026 | $7.8M | Current | No | 1.96x | 79% |
| January 2026 | $7.8M | Current | No | 1.96x | 79% |
| December 2025 | $7.9M | Current | No | 1.81x | 79% |
| November 2025 | $7.9M | Current | No | 1.81x | 79% |
| October 2025 | $7.9M | Current | No | 1.81x | 79% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2021-C61 | 32 | $7,748,563 | Sep 2026 | SEC filing, September 29, 2026 |
Other Savannah loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marriott Savannah Riverfront | Savannah, GA | Hotel | $101.4M | 6.90% | Apr 2031 | n/a | n/a | Current |
| Amazon Port of Savannah | Port Wentworth, GA | Industrial | $28.7M | 3.557% | Jan 2031 | n/a | n/a | Current |
| Savannah Industrial | Savannah, GA | Industrial | $8.5M | 4.29% | Apr 2031 | 2.65x | 100% | Current |
| Savannah Crossings I | Savannah, GA | Retail | $5.6M | 3.65% | Aug 2031 | 1.05x | 49% | Current |
| Stephenson Medical Office Park | Savannah, GA | Office | $5.4M | 3.84% | Nov 2031 | 3.24x | 100% | Current |
| Dollar General Port Wentworth | Port Wentworth, GA | Retail | $1.2M | 4.51% | Mar 2031 | 2.09x | 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.