Mixed use · Palo Alto, California
169-171 University Avenue
169-171 University Avenue is financed with a $7.4M CMBS loan at 2.90% that reaches maturity on December 1, 2030, in 4 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,400,000
- Original balance (same notes)
- $7,400,000
- Interest rate
- 2.90% fixed
- Originated
- November 4, 2020
- Maturity
- December 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 31, 2030
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 169-171 University Avenue, Palo Alto, CA 94301
- Metro
- San Jose-Sunnyvale-Santa Clara, CA
- Rentable area
- 9,286 sq ft
- Built
- 1998
- Largest tenants
- Section 32 LLC; Palo Alto Bicycles
- Value at securitization
- $18.8M (Sep 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 4.04x | 5.15x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $879K | $1.1M |
| Debt yield | 15.2% |
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 2020-BNK29 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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.
What the filing shows
- Net operating income is 28% above the underwritten figure ($1.1M a year against $879K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 4.04x at securitization to 5.15x on the latest statements.
- The filing gives May 2029 as the lease end date for the largest tenant (Section 32 LLC), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.4M | Current | No | 5.15x | 100% |
| August 2026 | $7.4M | Current | No | 5.15x | 100% |
| July 2026 | $7.4M | Current | No | 4.58x | 100% |
| June 2026 | $7.4M | Current | No | 4.54x | 100% |
| May 2026 | $7.4M | Current | No | 4.59x | 100% |
| April 2026 | $7.4M | Current | No | 4.59x | 100% |
| March 2026 | $7.4M | Current | No | 4.59x | 100% |
| February 2026 | $7.4M | Current | No | 4.59x | 100% |
| January 2026 | $7.4M | Current | No | 4.59x | 100% |
| December 2025 | $7.4M | Current | No | 4.59x | 100% |
| November 2025 | $7.4M | Current | No | 4.59x | 100% |
| October 2025 | $7.4M | Current | No | 4.51x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2020-BNK29 | 25 | $7,400,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other San Jose-Sunnyvale-Santa Clara loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Moffett Towers Building B | Sunnyvale, CA | Office | $227.6M | 3.49% | Feb 2030 | n/a | n/a | Current |
| Coleman Highline, San Jose (2030 maturity), loan 2 in BANK 2020-BNK29 | San Jose, CA | Office | $167.7M | 2.867% | Nov 2030 | 4.15x | 100% | Current |
| Coleman Highline, San Jose (2030 maturity), loan 2 in BENCHMARK 2020-B19 MORTGAGE TRUST | San Jose, CA | Office | $155.0M | 2.80% | Sep 2030 | 4.47x | 100% | Current |
| Moffett Place - Building 6 | Sunnyvale, CA | Office | $132.6M | 3.369% | Aug 2030 | n/a | n/a | Current |
| Murphy Crossing | Milpitas, CA | Office | $85.0M | 3.58% | Mar 2030 | 2.94x | 21% | Current |
| 280 North Bernardo | Mountain View, CA | Office | $71.0M | 3.95% | Jul 2030 | n/a | n/a | Current |
| The Campus at Lawson Lane | Santa Clara, CA | Office | $70.0M | 5.327% | Aug 2030 | n/a | n/a | Current |
| Netflix Hq | Los Gatos, CA | Office | $55.1M | 6.027% | Oct 2030 | n/a | n/a | Current |
All loans maturing in 2030 · All San Jose-Sunnyvale-Santa Clara 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.