Self storage · Burlington, North Carolina
Storage Sense Mebane
Storage Sense Mebane is financed with a $4.4M CMBS loan at 4.06% that reaches maturity on October 1, 2031, in 4 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,448,724
- Original balance (same notes)
- $4,600,000
- Interest rate
- 4.06% fixed
- Originated
- September 28, 2021
- Maturity
- October 1, 2031
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- May 31, 2031
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Mortgage Capital Holdings LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1226 South Mebane Street, Burlington, NC 27215
- Rentable area
- 42,365 sq ft
- Units, rooms or beds
- 400
- Built
- 1991
- Value at securitization
- $6.5M (Aug 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.40x | 1.42x |
| Occupancy | 92% | 80% |
| Net operating income (annualized from 3 months) | $372K | $382K |
| Debt yield | 8.6% |
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 BANK 2021-BNK37 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 92% when the loan was securitized to 80%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.4M | Current | No | 1.42x | 80% |
| August 2026 | $4.5M | Current | No | 1.42x | 80% |
| July 2026 | $4.5M | Current | No | 1.42x | 80% |
| June 2026 | $4.5M | Current | No | 1.42x | 80% |
| May 2026 | $4.5M | Current | No | 1.31x | 80% |
| April 2026 | $4.5M | Current | No | 1.31x | 80% |
| March 2026 | $4.5M | Current | No | 1.27x | 82% |
| February 2026 | $4.5M | Current | No | 1.27x | 82% |
| January 2026 | $4.5M | Current | No | 1.27x | 82% |
| December 2025 | $4.5M | Current | No | 1.27x | 82% |
| November 2025 | $4.5M | Current | No | 1.29x | 78% |
| October 2025 | $4.5M | Current | No | 1.29x | 78% |
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 |
|---|---|---|---|---|
| BANK 2021-BNK37 | 54 | $4,448,724 | Sep 2026 | SEC filing, September 29, 2026 |
Other North Carolina loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Storage Sense Harden | Burlington, NC | Self storage | $10.6M | 4.01% | Oct 2031 | 1.25x | 79% | 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.