Link/paste of stack trace
Link to the beginning, and end of the whole thing here: https://paste.ubuntu.com/p/QqPwWrrk7d/
The stack is at the bottom of that paste, but I'll include it here as well:
Current Thread: Server thread
PID: 34 | Suspended: false | Native: false | State: TIMED_WAITING
Stack:
sun.misc.Unsafe.park(Native Method)
java.util.concurrent.locks.LockSupport.parkNanos(LockSupport.java:215)
net.minecraft.server.v1_16_R1.IAsyncTaskHandler.bk(IAsyncTaskHandler.java:131)
net.minecraft.server.v1_16_R1.IAsyncTaskHandler.awaitTasks(IAsyncTaskHandler.java:120)
net.minecraft.server.v1_16_R1.ChunkProviderServer.getChunkAt(ChunkProviderServer.java:511)
net.minecraft.server.v1_16_R1.World.getChunkAt(World.java:391)
net.minecraft.server.v1_16_R1.IWorldReader.getChunkAt(IWorldReader.java:100)
net.minecraft.server.v1_16_R1.World.getChunkAt(World.java:332)
net.minecraft.server.v1_16_R1.World.getType(World.java:718)
net.minecraft.server.v1_16_R1.BlockPortal$Shape.<init>(BlockPortal.java:204)
net.minecraft.server.v1_16_R1.BlockPortal.c(BlockPortal.java:129)
net.minecraft.server.v1_16_R1.PortalTravelAgent.lambda$findPortal$3(PortalTravelAgent.java:70)
net.minecraft.server.v1_16_R1.PortalTravelAgent$$Lambda$5736/443596303.apply(Unknown Source)
java.util.Optional.map(Optional.java:215)
net.minecraft.server.v1_16_R1.PortalTravelAgent.findPortal(PortalTravelAgent.java:66)
net.minecraft.server.v1_16_R1.Entity.teleportTo(Entity.java:2658)
net.minecraft.server.v1_16_R1.Entity.a(Entity.java:2575)
net.minecraft.server.v1_16_R1.Entity.doPortalTick(Entity.java:2201)
net.minecraft.server.v1_16_R1.Entity.postTick(Entity.java:454)
net.minecraft.server.v1_16_R1.WorldServer.entityJoinedWorld(WorldServer.java:833)
net.minecraft.server.v1_16_R1.WorldServer$$Lambda$4777/705438123.accept(Unknown Source)
net.minecraft.server.v1_16_R1.World.a(World.java:932)
net.minecraft.server.v1_16_R1.WorldServer.doTick(WorldServer.java:526)
net.minecraft.server.v1_16_R1.MinecraftServer.b(MinecraftServer.java:1353)
net.minecraft.server.v1_16_R1.DedicatedServer.b(DedicatedServer.java:377)
net.minecraft.server.v1_16_R1.MinecraftServer.a(MinecraftServer.java:1212)
net.minecraft.server.v1_16_R1.MinecraftServer.v(MinecraftServer.java:1000)
net.minecraft.server.v1_16_R1.MinecraftServer.lambda$a$0(MinecraftServer.java:177)
net.minecraft.server.v1_16_R1.MinecraftServer$$Lambda$2978/962890623.run(Unknown Source)
java.lang.Thread.run(Thread.java:748)
Please do not make reports when the report says "DO NOT REPORT THIS TO PAPER". These are simply messages informing you of lag, to find what is causing it. Ask for tips on Discord or IRC instead.
^ Regarding this 'do not report' policy, whilst I was helping another user in the Spigot discord server with the same issue, electroniccat told me to report it here after looking at it himself. Initially I wasn't going to report it due to the log telling me that. Proof:

Plugin list:

Actions to reproduce (if known):
Honestly, I am unable to consistently reproduce it. This seems to occur randomly whilst loading chunks. From the above stack though, and what Cat said, I want to assume it has to do with a portal being loaded.
Paper build number:
> version
[02:00:05 INFO]: This server is running Paper version git-Paper-26 (MC: 1.16.1) (Implementing API version 1.16.1-R0.1-SNAPSHOT)
[02:00:05 INFO]: Checking version, please wait...
[02:00:06 INFO]: You are running the latest version
Other notes:
It might be worth noting that this does not happen on Spigot at all, which is rather unfortunate. I wish to use Paper, but this is the only thing stopping me. I'm not sure if this is a helpful note.
One last note, is this issue appears to be similar to #2699. Cat was a tad befuddled by it as well.
Link/paste of stack trace
Link to the beginning, and end of the whole thing here: https://paste.ubuntu.com/p/QqPwWrrk7d/
The stack is at the bottom of that paste, but I'll include it here as well:
Please do not make reports when the report says "DO NOT REPORT THIS TO PAPER". These are simply messages informing you of lag, to find what is causing it. Ask for tips on Discord or IRC instead.
^ Regarding this 'do not report' policy, whilst I was helping another user in the Spigot discord server with the same issue, electroniccat told me to report it here after looking at it himself. Initially I wasn't going to report it due to the log telling me that. Proof:
Plugin list:
Actions to reproduce (if known):
Honestly, I am unable to consistently reproduce it. This seems to occur randomly whilst loading chunks. From the above stack though, and what Cat said, I want to assume it has to do with a portal being loaded.
Paper build number:
Other notes:
It might be worth noting that this does not happen on Spigot at all, which is rather unfortunate. I wish to use Paper, but this is the only thing stopping me. I'm not sure if this is a helpful note.
One last note, is this issue appears to be similar to #2699. Cat was a tad befuddled by it as well.