MSC 2021-L6 - Charts and Resources

Data discoverability for CMBS deal MSC 2021-L6 updated as of 2025-03-31.

2025-03-31

Deal Overview

Morgan Stanley Capital I Trust 2021-L6's issuance is a U.S. CMBS transaction issued from the MSC shelf and backed by 43 commercial mortgage loans with an aggregate principal balance of 765.1 million at issuance, secured by the fee and leasehold interests in 60 properties across 21 U.S. states.
Rating AgenciesS&P, Fitch, KBRAControlling ClassArgentic Securities Income USA LLC or an affiliate thereofDepositorMorgan Stanley Capital I Inc.Master ServicerMidland Loan ServicesSpecial ServicerArgentic Services Company LPOperating AdvisorPark Bridge Lender Services

Deal Metrics

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

Key Deal Information

Core financial metrics and portfolio characteristics of the deal.
Original Trust Amount
$765,481,000
Current Trust Amount
$738,450,332(3.0%)
Number of Loans
43
Number of Properties
60
Average Loan Size
$17,801,884
Weighted Average Interest Rate
3.5%
Weighted Average Term
110 months

Key Dates

Timeline of significant events and milestones in the deal's history.
Origination Date
6/21/2021
Most Recent Valuation Date
6/30/2024
Most Recent Transfer Date
4/10/2023
Most Recent Return Date
N/A
Most Recent Modification Date
N/A

Special Servicing

Status and history of loans transferred to special servicing.
Loans in Special Servicing
1
Special Servicing Balance
$18,789,896
Loans Returned to Master
0
Balance Returned to Master
N/A
Avg Special Servicing Time
735 days
Avg Time to Return to Master
0 days

Modifications

Summary of loan modifications and affected balances.
Number of Modifications
0
Modified Amount
N/A

Valuations

Property valuation changes and updates since deal issuance.
Total Valuation at Issuance
$2,335,825,000
Current Total Valuation
$2,315,925,000
Number of Updated Valuations
1
Total Updated Valuation
$9,500,000
Valuation Change Amount
-$19,900,000
Valuation Change Percentage
-67.7%

Deal Charts

Fund Holdings

Explore a list of funds that include MSC 2021-L6 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
Performance Trust Total Return Bond Fund2025-04-08Search FIGILookup LEIB$6,204,9222025-08-31
Fidelity Investment Grade Bond Central Fund2025-02-25Search FIGILookup LEIX-A$2,222,7252025-09-30
MFS Limited Maturity Fund2025-03-26Search FIGILookup LEIX-A$1,948,7752025-04-30
Strategic Advisers Fidelity Core Income Fund2024-10-29Search FIGILookup LEIX-A$1,404,5582025-05-31
iShares U.S. Securitized Bond Index Fund2025-03-27Search FIGILookup LEIA-S$1,394,0012025-10-31
iShares CMBS ETF2025-03-27Search FIGILookup LEIA-2$1,339,5062025-10-31
MFS Inflation-Adjusted Bond Fund2025-03-27Search FIGILookup LEIX-A$580,7432025-10-31
MFS Global Total Return Fund2025-03-26Search FIGILookup LEIX-A$436,2392025-10-31
SPDR Portfolio Aggregate Bond ETF2024-11-25Search FIGILookup LEIA-4$435,4062025-06-30
MFS Commodity Strategy Fund2025-03-27Search FIGILookup LEIX-A$393,6902025-10-31
PGIM Core Conservative Bond Fund2025-03-25Search FIGILookup LEIA-3$191,8362025-07-31
SPDR DoubleLine Short Duration Total Return Tactical ETF2024-11-26Search FIGILookup LEIA-2$134,7722025-06-30
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund2025-01-29Search FIGILookup LEIA-4$42,9202025-08-31
Fund NameTranchesIds
Performance Trust Total Return Bond Fund
$6,204,922
2025-08-31
BSearch FIGI
Lookup LEI
Fidelity Investment Grade Bond Central Fund
$2,222,725
2025-09-30
X-ASearch FIGI
Lookup LEI
MFS Limited Maturity Fund
$1,948,775
2025-04-30
X-ASearch FIGI
Lookup LEI
Strategic Advisers Fidelity Core Income Fund
$1,404,558
2025-05-31
X-ASearch FIGI
Lookup LEI
iShares U.S. Securitized Bond Index Fund
$1,394,001
2025-10-31
A-SSearch FIGI
Lookup LEI
iShares CMBS ETF
$1,339,506
2025-10-31
A-2Search FIGI
Lookup LEI
MFS Inflation-Adjusted Bond Fund
$580,743
2025-10-31
X-ASearch FIGI
Lookup LEI
MFS Global Total Return Fund
$436,239
2025-10-31
X-ASearch FIGI
Lookup LEI
SPDR Portfolio Aggregate Bond ETF
$435,406
2025-06-30
A-4Search FIGI
Lookup LEI
MFS Commodity Strategy Fund
$393,690
2025-10-31
X-ASearch FIGI
Lookup LEI
PGIM Core Conservative Bond Fund
$191,836
2025-07-31
A-3Search FIGI
Lookup LEI
SPDR DoubleLine Short Duration Total Return Tactical ETF
$134,772
2025-06-30
A-2Search FIGI
Lookup LEI
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
$42,920
2025-08-31
A-4Search FIGI
Lookup LEI
* 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.

Recent Special Servicing Commentary

Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for MSC 2021-L6, giving insights into the current situation and actions being taken.

3/11/2025 - The Loan transferred to Special Servicing effective 4/11/23 due to Payment Default. An executed PNA is in place. The property was placed under receivership, effective June 2023 and employed a broker to market and sell the asset in September 20 23. Recently, the receiver and a third-party buyer executed a purchase and sale contract, with Lender''s approval. Should buyer choose to move forward with closing upon expiration of the ongoing due diligence period, the receiver will obtain court approva l to sell to property to the buyer. The special servicer initiated a guarantor lawsuit and a final judgement was entered in April 24. ASC is coordinating with counsel on implementing the best strategy to collect on

2025-03-31
Tower Point At The Highlands
Yaakov Prager
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.

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Access the underlying datasets used to power these analytics.

CMBS Fund Holdings Dataset

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

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CREFC IRP standardized datasets

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