Multifamily · Jacksonville, Florida
Villas at the Woodlands
Villas at the Woodlands is financed with a $3.3M CMBS loan at 4.43% that reaches maturity on July 6, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $3,259,855
- Original balance (same notes)
- $3,500,000
- Interest rate
- 4.43% fixed
- Originated
- June 25, 2021
- Maturity
- July 6, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- Trimont LLC
- Originator
- LMF Commercial, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred April 21, 2025
- Workout strategy
- Other
- Defeasance
- Partly defeased
The property
- Address
- 7225 Crane Avenue, Jacksonville, FL 32216
- Metro
- Jacksonville, FL
- Units, rooms or beds
- 64
- Built
- 1984
- Value at securitization
- $5.3M (Jun 2021)
Performance
| At securitization | Latest (Sep 2024) | |
|---|---|---|
| DSCR (NOI) | 1.40x | 2.29x |
| Occupancy | 98% | 98% |
| Net operating income (annualized from 9 months) | $295K | $484K |
| Debt yield | 14.8% |
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 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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.
What the filing shows
- Net operating income is 64% above the underwritten figure ($484K a year against $295K; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.40x at securitization to 2.29x on the latest statements.
- The most recent valuation in the filing is $5.8M (June 26, 2025), against $5.3M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| August 2026 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| July 2026 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| June 2026 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| May 2026 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| April 2026 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| March 2026 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| February 2026 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| January 2026 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| December 2025 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| November 2025 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
| October 2025 | $3.3M | 90+ days delinquent | Yes | 2.29x | 98% |
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 April 21, 2025, 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 | 50 | $3,259,855 | Sep 2026 | SEC filing, September 29, 2026 |
Other Jacksonville loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| St. John's Town Center North | Jacksonville, FL | Retail | $26.0M | 3.45% | Jul 2031 | 2.88x | 100% | Current |
| Summit at Southpoint | Jacksonville, FL | Office | $24.7M | 3.587% | Oct 2031 | 0.96x | 76% | With the special servicer and 30-59 days delinquent |
| Hampton Inn & Suites Middleburg | Middleburg, FL | Hotel | $7.7M | 3.87% | Nov 2031 | 3.74x | 83% | Current |
| Springhill Suites Jacksonville | Jacksonville, FL | Hotel | $6.5M | 7.699% | Apr 2031 | n/a | n/a | Current |
| Fleming Island Medical Plaza | Fleming Island, FL | Office | $6.2M | 3.41% | Oct 2031 | 3.19x | 70% | Current |
| Beach Bluff Apartments | Jacksonville, FL | Multifamily | $5.5M | 3.34% | Oct 2031 | 2.62x | 82% | Current |
| Almeda Apartments | Jacksonville, FL | Multifamily | $4.9M | 6.51% | Nov 2031 | n/a | n/a | Current |
| Discount Mini Storage & Retail | Jacksonville, FL | Mixed use | $2.7M | 4.10% | Jun 2031 | 2.42x | 95% | 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.