Retail · Mason, Ohio
Shoppes at Mason
Shoppes at Mason is financed with a $7.8M CMBS loan at 3.858% 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 current.
The loan
- Balance in tracked trusts
- $7,800,000
- Original balance (same notes)
- $7,800,000
- Interest rate
- 3.858% fixed
- Originated
- October 27, 2021
- Maturity
- November 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently April 9, 2025
- Defeasance
- None reported
The property
- Address
- 5210-5283 Kings Mills Rd, Mason, OH 45040
- Metro
- Cincinnati, OH-KY-IN
- Rentable area
- 80,800 sq ft
- Built
- 1996
- Largest tenants
- Kroger; Old Bag of Nails Pub; Mercy Health PT
- Value at securitization
- $12.3M (Oct 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.37x | 2.84x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $722K | $1.7M |
| Debt yield | 22.4% |
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-B31 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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
- Net operating income is 142% above the underwritten figure ($1.7M a year against $722K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.37x at securitization to 2.84x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.8M | Current | No | 2.84x | 100% |
| August 2026 | $7.8M | Current | No | n/a | n/a |
| July 2026 | $7.8M | Current | No | n/a | n/a |
| June 2026 | $7.8M | Current | No | n/a | n/a |
| May 2026 | $7.8M | Current | No | n/a | n/a |
| April 2026 | $7.8M | Current | No | 2.83x | 100% |
| March 2026 | $7.8M | Current | No | 2.83x | 100% |
| February 2026 | $7.8M | Current | No | 2.83x | 100% |
| January 2026 | $7.8M | Current | No | 2.83x | 100% |
| December 2025 | $7.8M | Current | No | 2.83x | 100% |
| November 2025 | $7.8M | Current | No | 2.84x | 100% |
| October 2025 | $7.8M | 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-B31 MORTGAGE TRUST | 45 | $7,800,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Cincinnati loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 175 Progress Place | Springdale, OH | Office | $42.2M | 3.82% | Apr 2031 | 2.63x | 92% | Current |
| The Links | Cincinnati, OH | Multifamily | $21.4M | 6.43% | Jan 2031 | n/a | n/a | Current |
| City Line Milford Self Storage | OH | Self storage | $12.0M | 6.371% | Jul 2031 | n/a | n/a | Current |
| Anderson Property | Monroe, OH | Industrial | $7.6M | 3.58% | Nov 2031 | n/a | n/a | Current |
| The Arthur | Covington, KY | Multifamily | $5.4M | 6.55% | Jul 2031 | n/a | n/a | Current |
| Kings Automall Shopping Center | Cincinnati, OH | Retail | $5.1M | 4.04% | Aug 2031 | 2.80x | 98% | Current |
| Broadway Square Phase 1 | Cincinnati, OH | Mixed use | $4.9M | 3.75% | Jul 2031 | 1.68x | 98% | Current |
| Spring Creek Apartments | Springboro, OH | Multifamily | $2.6M | 4.197% | May 2031 | 2.37x | 96% | 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.