Mixed use portfolio, 3 properties · Wilmington, Delaware
Reside Market Street
This portfolio is financed with a $12.8M CMBS loan at 3.845% that reaches maturity on July 5, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,804,918
- Original balance (same notes)
- $14,200,000
- Interest rate
- 3.845% fixed
- Originated
- June 30, 2021
- Maturity
- July 5, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- April 4, 2031
- Master servicer
- Midland Loan Services
- Originator
- 3650 Real Estate Investment Trust 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 426 North Market Street and 627 & 608 Market Street, Wilmington, DE 19801
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 73,233 sq ft
- Built
- 1920, renovated 2016
- Largest tenants
- 600 Market LLC (Bardea Steak); 629 Market Retail LLC; Market Street JV LLC
- Value at securitization
- $19.1M (Apr 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.40x | n/a |
| Occupancy | 99% | n/a |
| Net operating income | $1.1M | n/a |
Watch flags
Computed from the 3650R 2021-PF1 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.8M | Current | No | n/a | n/a |
| August 2026 | $12.8M | Current | No | n/a | n/a |
| July 2026 | $12.9M | Current | No | n/a | n/a |
| June 2026 | $12.9M | Current | No | n/a | n/a |
| May 2026 | $12.9M | Current | No | n/a | n/a |
| April 2026 | $12.9M | Current | No | 1.35x | 100% |
| March 2026 | $13.0M | Current | No | 1.35x | 100% |
| February 2026 | $13.0M | Current | No | 1.35x | 100% |
| January 2026 | $13.0M | Current | No | 1.35x | 100% |
| December 2025 | $13.0M | Current | No | n/a | n/a |
| November 2025 | $13.1M | Current | No | n/a | n/a |
| October 2025 | $13.1M | 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 |
|---|---|---|---|---|
| 3650R 2021-PF1 Commercial Mortgage Trust | 25 | $12,804,918 | Sep 2026 | SEC filing, September 29, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Atlantic | Philadelphia, PA | Multifamily | $125.0M | 3.456% | Feb 2031 | 1.26x | 95% | Current |
| Deptford Mall | Deptford, NJ | Retail | $115.0M | 6.95% | May 2031 | n/a | n/a | Current |
| 400 Arcola Road | Collegeville, PA | Mixed use | $110.0M | 6.781% | Mar 2031 | n/a | n/a | Current |
| Velocity Industrial Portfolio | Lansdale, PA | Industrial | $75.0M | 3.23% | Jul 2031 | 3.29x | 90% | Current |
| Two Penn Center | Philadelphia, PA | Office | $67.9M | 3.268% | Apr 2031 | 2.07x | 74% | Current |
| 300 Four Falls | Conshohocken, PA | Office | $57.6M | 6.846% | Jan 2031 | 0.96x | 89% | Current |
| Wessex House | Wayne, PA | Multifamily | $57.5M | 5.72% | Mar 2031 | n/a | n/a | Current |
| The Court at Oxford Valley | Fairless Hills, PA | Retail | $52.6M | 3.20% | Jul 2031 | 2.23x | 92% | Current |
All loans maturing in 2031 · All Philadelphia-Camden-Wilmington 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.