Retail · Chevy Chase, Maryland
Shops on Wisconsin
Shops on Wisconsin is financed with a $26.8M CMBS loan at 3.41% 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
- $26,750,000
- Original balance (same notes)
- $26,750,000
- Interest rate
- 3.41% fixed
- Originated
- June 21, 2021
- Maturity
- July 5, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 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
- 6831 Wisconsin Avenue, Chevy Chase, MD 20815
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 73,501 sq ft
- Built
- 1988, renovated 2016
- Largest tenants
- C Target Corp - #T3242; Trader Joe's; N The Little Gym
- Value at securitization
- $40.9M (May 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.28x | n/a |
| Occupancy | 87% | n/a |
| Net operating income | $2.1M | 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.
What the filing shows
- The filing gives Jan 2028 as the lease end date for the largest tenant (C Target Corp - #T3242), 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 | $26.8M | Current | No | n/a | n/a |
| August 2026 | $26.8M | Current | No | n/a | n/a |
| July 2026 | $26.8M | Current | No | n/a | n/a |
| June 2026 | $26.8M | Current | No | n/a | n/a |
| May 2026 | $26.8M | Current | No | n/a | n/a |
| April 2026 | $26.8M | Current | No | 2.76x | 91% |
| March 2026 | $26.8M | Current | No | 2.76x | 91% |
| February 2026 | $26.8M | Current | No | 2.76x | 91% |
| January 2026 | $26.8M | Current | No | 2.76x | 91% |
| December 2025 | $26.8M | Current | No | 2.74x | 91% |
| November 2025 | $26.8M | Late payment but less than 30 days delinquent | No | 2.74x | 91% |
| October 2025 | $26.8M | 30-59 days delinquent | No | 2.74x | 91% |
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 | 13 | $26,750,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1100 First Street NE | Washington, DC | Office | $146.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Project Embassy | Washington, DC | Mixed use | $140.0M | 7.542% | Aug 2031 | n/a | n/a | Current |
| Three Constitution Square | Washington, DC | Office | $96.0M | 2.579% | May 2031 | 5.35x | 100% | Current |
| National Cancer Institute Center | Frederick, MD | Office | $83.0M | 2.759% | Jun 2031 | 4.24x | 100% | Current |
| Unizo Four for 1100 First Street | Washington, DC | Office | $65.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Mall at Prince Georges | Hyattsville, MD | Retail | $57.9M | 7.355% | Jun 2031 | n/a | n/a | Current |
| The Landing at Woodyard | Clinton, MD | Retail | $44.5M | 3.74% | Jul 2031 | 2.30x | 100% | Current |
| Crescent Gateway | Bethesda, MD | Mixed use | $43.0M | 4.03% | Feb 2031 | 1.55x | 100% | Current |
All loans maturing in 2031 · All Washington-Arlington-Alexandria 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.