Multifamily · Westwego, Louisiana
Tanglewood Apartments
Tanglewood Apartments is financed with a $30.0M CMBS loan at 3.83% that reaches maturity on November 5, 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
- $30,000,000
- Original balance (same notes)
- $30,000,000
- Interest rate
- 3.83% fixed
- Originated
- October 15, 2021
- Maturity
- November 5, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 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
- 1300 and 1800 Tanglewood Drive, Westwego, LA 70094
- Metro
- New Orleans-Metairie, LA
- Units, rooms or beds
- 384
- Built
- 1970
- Value at securitization
- $46.0M (Jul 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.35x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $2.7M | 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 | $30.0M | Current | No | n/a | n/a |
| August 2026 | $30.0M | Current | No | n/a | n/a |
| July 2026 | $30.0M | Current | No | n/a | n/a |
| June 2026 | $30.0M | Current | No | n/a | n/a |
| May 2026 | $30.0M | Current | No | n/a | n/a |
| April 2026 | $30.0M | Current | No | 2.28x | n/a |
| March 2026 | $30.0M | Current | No | 2.28x | n/a |
| February 2026 | $30.0M | Current | No | 2.28x | n/a |
| January 2026 | $30.0M | Current | No | 2.28x | n/a |
| December 2025 | $30.0M | Current | No | 2.32x | n/a |
| November 2025 | $30.0M | Current | No | 2.32x | n/a |
| October 2025 | $30.0M | Current | No | 2.32x | 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 | 11 | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New Orleans-Metairie loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Energy Centre | New Orleans, LA | Office | $61.0M | 6.61% | Mar 2031 | n/a | n/a | Current |
| 115 Canvasback Drive | Saint Rose, LA | Mixed use | $38.0M | 3.755% | Apr 2031 | n/a | n/a | Current |
| Elmwood Distribution Center | Elmwood, LA | Industrial | $15.0M | 2.85% | Jul 2031 | 5.12x | 87% | Current |
| Fountainbleau Self Storage | New Orleans, LA | Self storage | $6.5M | 3.41% | Jan 2031 | 0.10x | 66% | Current |
| 5800 Brookhollow | Elmwood, LA | Industrial | $2.0M | 2.85% | Jul 2031 | 8.17x | 100% | 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.