DealChartsby CMD+RVL
CMBS dealSpecial servicing active

3650R 2021-PF1

As of 6/26/2026Source: SEC EDGAR, CIK 1890702
Latest answer
3650R 2021-PF1 is a CMBS reference page with collateral metrics, transaction parties, filings, fund exposure, and machine-readable facts tied back to source disclosure.
Coverage: 96%Freshness: 13 days
Context brief

Quick Answer

What is 3650R 2021-PF1? A US commercial mortgage-backed security issued November 2021 ($919.2M; 35 loans; 42 properties).

Identifiers: Shelf 3650; Series 3650r2021-pf1; CIK 1890702.

Unique value: Dealcharts provides computed pool metrics, time-series performance analysis, and cross-deal comparisons not available in raw SEC EDGAR filings.

Sources: SEC EDGAR CIK 1890702.

What it means for you: This is the reported figure - the same for everyone, and it takes no one's side. For what it means from a specific position, email cairn+page@cmdrvl.com and name the CUSIP you hold (or a seat you're sizing up). Cairn tailors the read to your position, with the receipts.

Part of:2021 Vintage3650 Shelf3650 REIT Loan Servicing (Special Servicer)
Machine-readable data: https://dealcharts.org/llm/facts/3650r2021-pf1.json · API docs
Have a question this page didn't answer? Ask Cairn →
On this page:Entities7Metrics34Charts14Macro Context1Fund Holdings3Documents5Analysis & Commentary3

Who's Involved#

Rating AgenciesS&P, Fitch, KBRA
Risk RetentionHorizontal
Depositor3650 REIT Loan Servicing
Special Servicer3650 REIT Loan Servicing
Certificate AdministratorComputershare Trust Company, N.A.
Master ServicerMidland Loan Services
Operating AdvisorPark Bridge Lender Services

Deal Metrics

Key performance indicators and statistics tracking the deal's current status and history.

Deal Overview

Aggregate Original Loan Amount
Current Trust Amount
Number of Loans
Number of Properties
Average Loan Size

Portfolio Characteristics

Weighted Average Interest Rate
Weighted Average Term
WA DSCR (NCF) at Issuance
WA DSCR (NCF) Current
Original Valuation
Current Valuation

Key Dates

Origination Date
Latest Valuation
Latest Transfer
Latest Return
Latest Modification

Special Servicing Status

Loans in Special Servicing
Special Servicing Balance
Loans Returned to Master
Balance Returned
Avg Time in Special Servicing
Avg Time to Return

Valuation Changes

Updated Valuations
Total Updated Value
Value Change Amount
Value Change Percentage

Modifications

Number of Modifications
Modified Balance

Deal Charts

Charts showing deal performance over time.

Geographic Distribution - 3650R 2021-PF1 - All States
2026-06-26

Fund Exposure#

Source: NPORT-P & related disclosures • 2026-04-22
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
MFS INTERMEDIATE INCOME TRUST2024-12-26Search FIGILookup LEIX-A$444,8542024-10-31
MFS Global Opportunistic Bond Fund2026-04-22Search FIGILookup LEIX-A$395,9832026-11-30
MFS Global Total Return Fund2026-06-29Search FIGILookup LEIX-A$229,5362026-10-31
Fund NameTranchesIds
MFS INTERMEDIATE INCOME TRUST
$444,854
2024-10-31		X-ASearch FIGI
Lookup LEI
MFS Global Opportunistic Bond Fund
$395,983
2026-11-30		X-ASearch FIGI
Lookup LEI
MFS Global Total Return Fund
$229,536
2026-10-31		X-ASearch FIGI
Lookup LEI
3 of 3 funds* Use toggle buttons to sort
* This table is not yet exhaustive. It is a new feature and contains only the funds we have found so far based on the tranche identifiers we know about. We are still working on it!
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
Filings are mapped to tranches/deals with normalized identifiers.Quality & lineageFund not listed or misattributed? Contact us at support@cmdrvl.com to ensure accurate exposure mapping.

Provenance & Documents

Issuance → amendments → reports. Tap to view on SEC.
2026-06-26
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2021-11-18
Final Prospectus
Document filing with updated information.
View on SEC →
2021-11-03
Preliminary Prospectus
Document filing with updated information.
View on SEC →
2021-11-01
Final Termsheet
Document filing with updated information.
View on SEC →
2021-11-01
Annex A
Document filing with updated information.
View on SEC →

Context & Commentary#

Curious about data-center or AI-tenant exposure across CMBS collateral? See AI & data-center exposure →

Entity Statements

💬 Servicer Commentary

2026-06-26
Falls Of West Oaks
Rao J. Polavarapu
Prospectus ID: 22
6/10/2026 - Loan transferred to special servicing effective 1/5/2026 due to the 11/5/2025 payment default. Additionally, a notice of default was sent to borrower on 11/24/2025 and cash management was recently implemented. A motion to appoint receiver was filed on 4/1/2026 and a hearing is pending with the court. The special servicer continues to gather diligence and will dual track enforcement proceedings while holding negotiations with the sponsor in an effort to maximize
Open Deal →

💬 Servicer Commentary

2026-06-26
Prospectus ID: 14A4
6/11/2026 - Imminent default due to cash flow issues. Lender has sent out a PNL and requested DD. Borrower has submitted most DD requests. Notice of Default has been sent out by Lender. Lender and Borrower have started discussions
Open Deal →

💬 Servicer Commentary

2026-06-26
Prospectus ID: 14A5
6/11/2026 - Imminent default due to cash flow issues. Lender has sent out a PNL and requested DD. Borrower has submitted most DD requests. Notice of Default has been sent out by Lender. Lender and Borrower have started discussions
Open Deal →

External Analysis

No external analysis linked yet. Contact us to publish and link your research.
All items include provenance (author, timestamp, source).Have a source-backed clarification? Contact us.
Monitoring
This deal's collateral and ratings data changes over time. Who is watching it for you?
CMD+RVL runs monitors on the filings behind this page — new servicer reports, ratings actions, collateral shifts — and delivers each state change with full provenance.
Set up monitoring for this deal →
Have a source-backed note on this deal? Contact us.

Datasets & API#

GET https://dealcharts.org/llm/facts/3650r2021-pf1.json
{
  "deal_id": "3650r2021-pf1",
  "issuer": "",
  "shelf": "3650",
  "issue_date": "",
  "linked_entities": [
  {
    "role": "Rating Agencies",
    "name": "S&P, Fitch, KBRA"
  },
  {
    "role": "Risk Retention",
    "name": "Horizontal"
  },
  {
    "role": "Depositor",
    "name": "3650 REIT Loan Servicing"
  },
  {
    "role": "Special Servicer",
    "name": "3650 REIT Loan Servicing"
  },
  {
    "role": "Certificate Administrator",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "role": "Master Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Operating Advisor",
    "name": "Park Bridge Lender Services"
  }
]
}


Access the underlying datasets used to power these analytics.
Marketplace dataset

CMBS Fund Holdings Dataset

Snowflake Marketplace

Filing data from sec.gov NPORT-P to produce the Fund Holdings table.

Go to MarketplaceData Dictionary
Paid
Marketplace dataset

CREFC IRP standardized datasets

Snowflake Marketplace

Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.

Go to MarketplaceData Dictionary
Paid
Ask Cairn

What does 3650R 2021-PF1 mean for you?

Tell Cairn where you sit — a CUSIP you hold, or a seat you're sizing up. Cairn does the digging and tailors the answer to your position, every figure tied to the filing it came from.
Email Cairn cairn@cmdrvl.com
01Tell Cairn the deal and your seat
02Cairn does the digging
03You get the read for your seat, by email
A pilot — a question or two each, free. Cairn writes back by email, not on the spot; some answers need data dug up or a pipeline built first.
Free to Explore
Dealcharts remains free to explore for everyone.
Verify Your EntityBecome a Contributor
Powered by CMD+RVL

DealCharts is the public projection surface for structured-finance data: crawlable deal, fund, BDC, and dataset references with source-aware context.

© 2026 CMD+RVL. All rights reserved.·Not investment advice. For informational purposes only.·Built 2026-07-09