Other · Iselin, New Jersey
Woodbridge Corp Plaza
Public CMBS trusts hold $49.0M of the loan on Woodbridge Corp Plaza at 3.938% that reaches maturity on June 6, 2031, in 4 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $49,000,000
- Original balance (same notes)
- $50,000,000
- Interest rate
- 3.938% fixed
- Originated
- May 24, 2021
- Maturity
- June 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2031
- Master servicer
- Midland
- Originator
- AREF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 485 Route 1 S 2100 Ronson Road, Iselin, NJ 07095, Iselin, NJ 08830
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 629,053 sq ft
- Built
- 1982
- Largest tenants
- Woodbridge Executive LLC
- Value at securitization
- $69.6M (Mar 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.00x | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $4.4M | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2021-L6 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $49.0M | Current | No | n/a | n/a |
| August 2026 | $49.0M | Current | No | n/a | n/a |
| July 2026 | $49.0M | Current | No | n/a | n/a |
| June 2026 | $49.0M | Current | No | n/a | n/a |
| May 2026 | $49.0M | Current | No | n/a | n/a |
| April 2026 | $49.0M | Current | No | 3.42x | 100% |
| March 2026 | $49.0M | Current | No | 3.42x | 100% |
| February 2026 | $49.1M | Current | No | 3.42x | 100% |
| January 2026 | $49.1M | Current | No | 2.89x | 100% |
| December 2025 | $49.1M | Current | No | 2.89x | 100% |
| November 2025 | $49.1M | Current | No | 2.89x | 100% |
| October 2025 | $49.1M | Current | No | 2.89x | 100% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2021-B28 Mortgage Trust | 15 | $26,950,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Morgan Stanley Capital I Trust 2021-L6 | 12 | $22,050,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other New York-Newark-Jersey City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 375 Pearl Street | New York, NY | Office | $220.0M | 3.368% | Jun 2031 | 2.15x | 100% | Current |
| Park Avenue Plaza | New York, NY | Office | $180.0M | 2.837% | Nov 2031 | 3.70x | 100% | Current |
| 535-545 Fifth Avenue | New York, NY | Mixed use | $179.6M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 15 West 47th Street | New York, NY | Office | $141.0M | 3.51% | Jan 2031 | n/a | n/a | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 535 & 545 5th Avenue | New York, NY | Mixed use | $129.7M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| The Arches | Bronx, NY | Other | $120.0M | 5.436% | Feb 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All New York-Newark-Jersey City 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.