Retail portfolio, 3 properties · Wellington, Ohio
Wellington Property
This portfolio is financed with a $3.6M CMBS loan at 3.43% that reaches maturity on September 6, 2031, in 4 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,593,786
- Original balance (same notes)
- $4,000,000
- Interest rate
- 3.43% fixed
- Originated
- August 31, 2021
- Maturity
- September 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 267 North Main Street, Wellington, OH 44090
- Metro
- Cleveland, OH
- Value at securitization
- $6.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $422K | $209K |
| Debt yield | 5.8% |
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 Benchmark 2021-B29 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- NOI down 20% 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
- Net operating income is 50% below the underwritten figure ($209K a year against $422K; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Wellington Property | Wellington, OH | Retail | n/a | -0.70x |
| NNN Portfolio | Monument, CO | Retail | 100% | 1.47x |
| Sylvania Property | Sylvania, GA | Retail | 100% | 1.10x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.6M | Current | No | -0.70x | n/a |
| August 2026 | $3.6M | Current | No | -0.70x | n/a |
| July 2026 | $3.6M | Current | No | -0.67x | n/a |
| June 2026 | $3.6M | Current | No | -0.67x | n/a |
| May 2026 | $3.6M | Current | No | n/a | n/a |
| April 2026 | $3.6M | Current | No | -0.81x | n/a |
| March 2026 | $3.6M | Current | No | -0.81x | n/a |
| February 2026 | $3.6M | Current | No | -0.67x | n/a |
| January 2026 | $3.7M | Current | No | -0.67x | n/a |
| December 2025 | $3.7M | Current | No | -0.67x | n/a |
| November 2025 | $3.7M | Current | No | n/a | n/a |
| October 2025 | $3.7M | Current | No | -0.60x | 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 |
|---|---|---|---|---|
| Benchmark 2021-B29 Mortgage Trust | 46 | $3,593,786 | Sep 2026 | SEC filing, September 28, 2026 |
Other Cleveland loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Midtown Towers | Parma, OH | Multifamily | $47.5M | 5.91% | Sep 2031 | n/a | n/a | Current |
| 1010 Building and Heinens Rotunda Building | Cleveland, OH | Mixed use | $22.2M | 4.68% | Jul 2031 | 0.95x | 89% | Current |
| Cleveland Dual Brand Hotel | Independence, OH | Hotel | $20.9M | 8.31% | Jan 2031 | n/a | n/a | Current |
| The Westbury Apartments | North Olmsted, OH | Multifamily | $18.5M | 6.45% | Sep 2031 | n/a | n/a | Current |
| 23000 Millcreek Boulevard | Highland Hills, OH | Office | $17.0M | 2.70% | Jan 2031 | 4.12x | 90% | Current |
| 32 West Apartments | Cleveland, OH | Multifamily | $10.4M | 7.049% | Apr 2031 | n/a | n/a | Current |
| Holiday Inn Mentor Ohio | OH | Hotel | $10.0M | 7.71% | Aug 2031 | n/a | n/a | Current |
| Beachwood Office Park | Beachwood, OH | Office | $5.5M | 4.09% | Jul 2031 | 2.54x | 98% | 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.