Office · Beavercreek, Ohio
Radiance Technologies
Radiance Technologies is financed with a $7.9M CMBS loan at 4.00% that reaches maturity on April 6, 2031, in 4 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,944,650
- Original balance (same notes)
- $8,000,000
- Interest rate
- 4.00% fixed
- Originated
- March 22, 2021
- Maturity
- April 6, 2031
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- February 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3715 Pentagon Boulevard, Beavercreek, OH 45431
- Metro
- Dayton-Kettering-Beavercreek, OH
- Rentable area
- 53,634 sq ft
- Built
- 2019
- Largest tenants
- Radiance Technologies, Inc. (radiance)
- Value at securitization
- $13.1M (Mar 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.00x | 3.09x |
| Occupancy | 100% | n/a |
| Net operating income (annualized from 6 months) | $917K | $2.3M |
| Debt yield | 28.9% |
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 Benchmark 2021-B25 Mortgage Trust 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 150% above the underwritten figure ($2.3M a year against $917K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.00x at securitization to 3.09x on the latest statements.
- The filing gives Sep 2029 as the lease end date for the largest tenant (Radiance Technologies, Inc. (radiance)), 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 | $7.9M | Current | No | 3.09x | n/a |
| August 2026 | $8.0M | Current | No | 3.09x | n/a |
| July 2026 | $8.0M | Current | No | n/a | n/a |
| June 2026 | $8.0M | Current | No | n/a | n/a |
| May 2026 | $8.0M | Current | No | n/a | n/a |
| April 2026 | $8.0M | Current | No | 3.23x | 100% |
| March 2026 | $8.0M | Current | No | 3.23x | 100% |
| February 2026 | $8.0M | Current | No | 3.23x | 100% |
| January 2026 | $8.0M | Current | No | 3.21x | 100% |
| December 2025 | $8.0M | Current | No | 3.21x | 100% |
| November 2025 | $8.0M | Current | No | 3.21x | 100% |
| October 2025 | $8.0M | Current | No | 3.23x | 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 |
|---|---|---|---|---|
| Benchmark 2021-B25 Mortgage Trust | 40 | $7,944,650 | Sep 2026 | SEC filing, September 28, 2026 |
Other Dayton-Kettering-Beavercreek loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Prime At Wright | Fairborn, OH | Multifamily | $13.1M | 6.975% | May 2031 | n/a | n/a | Current |
| Prime at Laurel Springs | Fairborn, OH | Multifamily | $11.2M | 6.64% | Oct 2031 | n/a | n/a | Current |
| Paris Court | Piqua, OH | Manufactured housing | $10.9M | 5.98% | Feb 2031 | n/a | n/a | Current |
| Troy Towne Center | Troy, OH | Retail | $9.8M | 6.53% | Jan 2031 | 2.02x | 100% | Current |
All loans maturing in 2031 · All Dayton-Kettering-Beavercreek 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.