Mixed use · Tucson, Arizona
2 East Congress Street
2 East Congress Street is financed with a $5.7M CMBS loan at 4.82% that reaches maturity on May 11, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,742,085
- Original balance (same notes)
- $6,720,000
- Interest rate
- 4.82% fixed
- Originated
- April 12, 2018
- Maturity
- May 11, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 10, 2028
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2 East Congress Street, Tucson, AZ 85701
- Metro
- Tucson, AZ
- Rentable area
- 68,027 sq ft
- Built
- 1929, renovated 2017
- Largest tenants
- 1929 Treasury; DTEO Downtown Executive Offices; The Planning Center
- Value at securitization
- $10.7M (Mar 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.48x | 0.99x |
| Occupancy | 100% | 98% |
| Net operating income (annualized from 6 months) | $628K | $423K |
| Debt yield | 7.4% |
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 Wells Fargo Commercial Mortgage Trust 2018-C44 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 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 every report since 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
- Net operating income is 33% below the underwritten figure ($423K a year against $628K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.48x at securitization to 0.99x on the latest statements.
- At 0.99x, 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 | $5.7M | Current | No | 0.99x | 98% |
| August 2026 | $5.8M | Current | No | 1.00x | 99% |
| July 2026 | $5.8M | Current | No | 1.00x | 99% |
| June 2026 | $5.8M | Current | No | 1.00x | 99% |
| May 2026 | $5.8M | Current | No | 0.22x | 100% |
| April 2026 | $5.8M | Current | No | 0.22x | 100% |
| March 2026 | $5.8M | Current | No | 0.22x | 100% |
| February 2026 | $5.8M | Current | No | 0.22x | 100% |
| January 2026 | $5.8M | Current | No | 0.22x | 100% |
| December 2025 | $5.8M | Current | No | 0.21x | 100% |
| November 2025 | $5.9M | Current | No | 0.21x | 100% |
| October 2025 | $5.9M | Current | No | 0.21x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C44 | 31 | $5,742,085 | Sep 2026 | SEC filing, September 29, 2026 |
Other Tucson loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Plaza Del Oro | Tucson, AZ | Retail | $15.1M | 4.78% | Apr 2028 | 1.85x | 100% | Current |
| Arizona Pavilions West | Marana, AZ | Retail | $13.9M | 5.452% | Oct 2028 | 1.47x | 100% | Late, less than 30 days |
| Embassy Suites Tucson, Az | Tucson, AZ | Hotel | $12.0M | 4.986% | Jun 2028 | 2.30x | 79% | Current |
| Palo Verde Industrial | Tucson, AZ | Industrial | $9.9M | 4.905% | Sep 2028 | 0.48x | 74% | Current |
| Safeway Vistoso Plaza | Oro Valley, AZ | Retail | $6.0M | 5.16% | Sep 2028 | n/a | n/a | Current |
| Hampton Inn & Suites Tucson Mall | Tucson, AZ | Hotel | $4.9M | 5.127% | Aug 2028 | 2.98x | 77% | Current |
| Fairfield Inn Tucson North | Oro Valley, AZ | Hotel | $3.8M | 6.213% | Feb 2028 | n/a | n/a | Current |
| Towneplace Suites Tucson | Tucson, AZ | Hotel | $3.8M | 5.127% | Aug 2028 | 3.31x | 83% | 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.