Multifamily portfolio, 2 properties · Indianapolis, Indiana
The Delaware
This portfolio is financed with a $9.2M CMBS loan at 3.85% that reaches maturity on March 1, 2031, in 4 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,165,000
- Original balance (same notes)
- $9,165,000
- Interest rate
- 3.85% fixed
- Originated
- February 25, 2021
- Maturity
- March 1, 2031
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2205 N Delaware St, Indianapolis, IN 46205
- Metro
- Indianapolis-Carmel-Greenwood, IN
- Value at securitization
- $14.7M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $786K |
| 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 Morgan Stanley Capital I Trust 2021-L5 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| The Delaware | Indianapolis, IN | Multifamily | 94% | 2.26x |
| 632 Mlk | Indianapolis, IN | Multifamily | 77% | 2.07x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.2M | Not reported | No | 2.26x | 94% |
| August 2026 | $9.2M | Not reported | No | 2.26x | 96% |
| July 2026 | $9.2M | Not reported | No | 2.26x | 96% |
| June 2026 | $9.2M | Not reported | No | 2.26x | 96% |
| May 2026 | $9.2M | Not reported | No | 2.26x | 96% |
| April 2026 | $9.2M | Not reported | No | 1.90x | 85% |
| March 2026 | $9.2M | Not reported | No | 2.43x | 80% |
| February 2026 | $9.2M | Not reported | No | 1.94x | 94% |
| January 2026 | $9.2M | Not reported | No | 1.94x | 94% |
| December 2025 | $9.2M | Not reported | No | 2.46x | 80% |
| November 2025 | $9.2M | Not reported | No | 1.84x | 91% |
| October 2025 | $9.2M | Not reported | No | 1.84x | 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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2021-L5 | 27 | $9,165,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Indianapolis-Carmel-Greenwood loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cambridge Commons | Indianapolis, IN | Multifamily | $134.0M | 3.724% | Nov 2031 | n/a | n/a | Current |
| Soa - E. Washington | Indianapolis, IN | Self storage | $61.5M | 6.007% | Apr 2031 | n/a | n/a | Current |
| Marriott Indianapolis North | Indianapolis, IN | Hotel | $42.8M | 6.979% | Apr 2031 | n/a | n/a | Current |
| Meridian Mark | Carmel, IN | Office | $41.5M | 6.79% | Aug 2031 | n/a | n/a | Current |
| Williamsburg North | Indianapolis, IN | Multifamily | $37.5M | 6.33% | Feb 2031 | n/a | n/a | Current |
| One & Two River Crossing | Indianapolis, IN | Office | $22.8M | 3.289% | Sep 2031 | 3.92x | 98% | Current |
| Nine + Eighteen Apartments | Indianapolis, IN | Multifamily | $17.4M | 3.955% | Dec 2031 | 0.78x | 72% | Current |
| FreshEdge Industrial Portfolio | Indianapolis, IN | Industrial | $16.4M | 5.80% | Jun 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Indianapolis-Carmel-Greenwood 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.