Other portfolio, 2 properties · New Mexico
1 Plaza La Prensa & Sena Plaza
This portfolio is financed with a $13.0M CMBS loan at 4.173% that reaches maturity on November 11, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $12,975,358
- Original balance (same notes)
- $13,956,250
- Interest rate
- 4.173% fixed
- Originated
- October 25, 2019
- Maturity
- November 11, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 10, 2029
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred March 1, 2024
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Value at securitization
- $20.7M
Performance
| At securitization | Latest (Jun 2023) | |
|---|---|---|
| DSCR (NOI) | 1.63x | 0.89x |
| Occupancy | 93% | 99% |
| Net operating income (annualized from 6 months) | $1.3M | $736K |
| Debt yield | 5.7% |
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 BANK 2019-BNK23 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 risen from 93% when the loan was securitized to 99%.
- Net operating income is 45% below the underwritten figure ($736K a year against $1.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.63x at securitization to 0.89x on the latest statements.
- At 0.89x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| August 2026 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| July 2026 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| June 2026 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| May 2026 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| April 2026 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| March 2026 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| February 2026 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| January 2026 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| December 2025 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| November 2025 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
| October 2025 | $13.0M | 90+ days delinquent | Yes | 0.89x | 99% |
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.
Special-servicing history
- Transferred to the special servicer March 1, 2024, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2019-BNK23 | 27 | $12,975,358 | Sep 2026 | SEC filing, October 1, 2026 |
Other New Mexico loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Animas Valley MHC | Various, NM | Manufactured housing | $24.0M | 6.08% | Oct 2029 | 2.35x | 97% | Current |
| Doubletree Abq | Albuquerque, NM | Hotel | $17.7M | 4.33% | Sep 2029 | 0.27x | 49% | With the special servicer and 90+ days delinquent |
| Rosewood Inn Of The Anasazi | Santa Fe, NM | Hotel | $13.0M | 4.79% | May 2029 | 3.07x | 69% | Current |
| One Executive Center | Albuquerque, NM | Office | $10.5M | 3.855% | Dec 2029 | 3.46x | 95% | Current |
| TownePlace Suites Albuqerque | Albuquerque, NM | Hotel | $7.8M | 4.65% | Jun 2029 | 1.71x | 74% | Current |
| Holiday Inn Express and Suites Los Alamos | Los Alamos, NM | Hotel | $6.6M | 4.05% | Sep 2029 | 3.74x | 81% | Current |
| Holiday Inn Roswell | Roswell, NM | Hotel | $6.0M | 4.68% | Oct 2029 | 1.61x | 65% | Current |
| Extra Space Self Storage Baca Lane | Santa Fe, NM | Self storage | $5.2M | 7.68% | Jun 2029 | 1.51x | 93% | Current |
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.