Office · Pittsburgh, Pennsylvania
U.S. Steel Tower
Public CMBS trusts hold $160.0M of the loan on U.S. Steel Tower at 3.683% that reached maturity on June 1, 2026, 4 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is past maturity and not performing.
The loan
- Balance in tracked trusts
- $160,000,000
- Original balance (same notes)
- $160,000,000
- Interest rate
- 3.683% fixed
- Originated
- May 6, 2021
- Maturity
- June 1, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- February 28, 2026
- Master servicer
- Midland
- Originator
- MSBNA
Status
- Payment status
- Non performing matured balloon. (code 5)
- Special servicing
- Transferred February 19, 2026
- Workout strategy
- Modification
- Defeasance
- None reported
The property
- Address
- 600 Grant Street, Pittsburgh, PA 15219
- Metro
- Pittsburgh, PA
- Rentable area
- 2,336,272 sq ft
- Built
- 1970, renovated 2014
- Largest tenants
- US BANKRUPTCY COURT; US STEEL CORP - Floor 61; UPMC - Floor 58
- Value at securitization
- $381.5M (Apr 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 3.09x | n/a |
| Occupancy | 73% | n/a |
| Net operating income | $18.5M | n/a |
Watch flags
Computed from the BANK 2021-BNK35 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Past maturity
On the cmbs.news watch list in every report since March 2026.
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 | $160.0M | Non performing matured balloon | Yes | 2.51x | 73% |
| August 2026 | $160.0M | Non performing matured balloon | Yes | 2.51x | 73% |
| July 2026 | $160.0M | Non performing matured balloon | Yes | 2.51x | 73% |
| June 2026 | $160.0M | Non performing matured balloon | Yes | 2.51x | 73% |
| May 2026 | $160.0M | 30-59 days delinquent | Yes | 2.51x | 73% |
| April 2026 | $160.0M | Late payment but less than 30 days delinquent | Yes | 2.51x | 73% |
| March 2026 | $160.0M | Late payment but less than 30 days delinquent | Yes | 2.51x | 73% |
| February 2026 | $160.0M | Current | No | 2.51x | 73% |
| January 2026 | $160.0M | Current | No | 2.59x | 73% |
| December 2025 | $160.0M | Current | No | 2.59x | 73% |
| November 2025 | $160.0M | Late payment but less than 30 days delinquent | No | 2.59x | 73% |
| October 2025 | $160.0M | Late payment but less than 30 days delinquent | No | 2.59x | 73% |
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.
Special-servicing history
- Transferred to the special servicer February 19, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2021-L6 | 2 | $60,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2021-BNK34 | 4 | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2021-BNK34 | 4A | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2021-BNK35 | 17 | $30,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Pittsburgh loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cranberry Crossroads | Cranberry Township, PA | Office | $13.1M | 4.611% | Dec 2026 | 1.43x | 96% | Current |
| Comfort Inn & Suites Pittsburgh | Pittsburgh, PA | Hotel | $7.7M | 4.49% | Nov 2026 | n/a | n/a | Current |
| Shoppes at Cranberry Commons II | Cranberry Township, PA | Retail | $4.6M | 4.40% | Oct 2026 | 0.87x | 100% | Current |
| Mills Shopping Center | Tarentum, PA | Retail | $3.8M | 5.313% | Dec 2026 | 0.96x | 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.