Multifamily · Largo, Florida
Whispering Palms Apartments
Whispering Palms Apartments is financed with a $6.2M CMBS loan at 4.76% that reaches maturity on March 6, 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
- $6,156,115
- Original balance (same notes)
- $6,200,000
- Interest rate
- 4.76% fixed
- Originated
- March 3, 2021
- Maturity
- March 6, 2031
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- December 5, 2030
- Master servicer
- Trimont LLC
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 13200 Wilcox Road, Largo, FL 33774
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Units, rooms or beds
- 64
- Built
- 1985, renovated 2020
- Value at securitization
- $9.7M (Jan 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.33x | 2.42x |
| Occupancy | 98% | 92% |
| Net operating income (annualized from 6 months) | $516K | $835K |
| Debt yield | 13.6% |
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 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C59 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.
What the filing shows
- Occupancy has fallen from 98% when the loan was securitized to 92%.
- Net operating income is 62% above the underwritten figure ($835K a year against $516K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.33x at securitization to 2.42x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.2M | Current | No | 2.42x | 92% |
| August 2026 | $6.2M | Current | No | 2.42x | 92% |
| July 2026 | $6.2M | Current | No | 2.74x | 94% |
| June 2026 | $6.2M | Current | No | 2.74x | 94% |
| May 2026 | $6.2M | Current | No | 2.97x | 92% |
| April 2026 | $6.2M | Current | No | 2.97x | 92% |
| March 2026 | $6.2M | Current | No | 2.97x | 92% |
| February 2026 | $6.2M | Current | No | 2.94x | 95% |
| January 2026 | $6.2M | Current | No | 2.94x | 95% |
| December 2025 | $6.2M | Current | No | 2.94x | 95% |
| November 2025 | $6.2M | Current | No | 2.94x | 95% |
| October 2025 | $6.2M | Current | No | 2.91x | 92% |
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 |
|---|---|---|---|---|
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C59 | 42 | $6,156,115 | Sep 2026 | SEC filing, September 29, 2026 |
Other Tampa-St. Petersburg-Clearwater loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Renaissance Center Park | Tampa, FL | Office | $97.0M | 6.615% | Feb 2031 | n/a | n/a | Current |
| Bahia Apartments | Tampa, FL | Multifamily | $48.0M | 3.97% | Dec 2031 | n/a | n/a | Current |
| Marriott Tampa Westshore | Tampa, FL | Hotel | $46.4M | 6.613% | Jun 2031 | n/a | n/a | Current |
| First Central Tower | St. Petersburg, FL | Office | $45.1M | 3.42% | Feb 2031 | 3.59x | 91% | Current |
| Ubc (i Ii&iv) | Tampa, FL | Office | $39.8M | 6.65% | Mar 2031 | n/a | n/a | Current |
| Innovo at Waters | Tampa, FL | Multifamily | $35.3M | 5.96% | Apr 2031 | n/a | n/a | Current |
| Morgan Stanley Tower | St. Petersburg, FL | Office | $32.4M | 3.50% | Mar 2031 | n/a | n/a | Current |
| Lofts at River Edge | Tampa, FL | Multifamily | $22.0M | 7.11% | Feb 2031 | n/a | n/a | Late, less than 30 days |
All loans maturing in 2031 · All Tampa-St. Petersburg-Clearwater 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.