Office · Pittsburgh, Pennsylvania
2000 Park Lane
2000 Park Lane is financed with a $26.0M CMBS loan at 3.465% that reaches maturity on December 1, 2029, in 3 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
- $25,967,088
- Original balance (same notes)
- $26,910,000
- Interest rate
- 3.465% fixed
- Originated
- November 25, 2019
- Maturity
- December 1, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- December 31, 2024
- Prepayment premium ends
- August 31, 2029 (yield maintenance)
- Master servicer
- KeyBank N.A.
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2000 Park Lane Drive, Pittsburgh, PA 15275
- Metro
- Pittsburgh, PA
- Rentable area
- 238,758 sq ft
- Built
- 1993, renovated 2014
- Largest tenants
- HarbisonWalker International; AMG Resources Corporation; Cafe
- Value at securitization
- $41.4M (Oct 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.27x | -1.55x |
| Occupancy | 93% | 24% |
| Net operating income (annualized from 3 months) | $3.3M | $-2.3M |
| Debt yield | -8.7% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BBCMS Mortgage Trust 2020-C6 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since July 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 93% when the loan was securitized to 24%.
- Net operating income is 169% below the underwritten figure ($-2.3M a year against $3.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.27x at securitization to -1.55x on the latest statements.
- At -1.55x, 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 | $26.0M | Current | No | -1.55x | 24% |
| August 2026 | $26.0M | Current | No | -1.55x | 41% |
| July 2026 | $26.1M | Current | No | -1.55x | 41% |
| June 2026 | $26.1M | Current | No | n/a | n/a |
| May 2026 | $26.1M | Current | No | n/a | n/a |
| April 2026 | $26.2M | Current | No | -0.04x | 41% |
| March 2026 | $26.2M | Current | No | -0.04x | 41% |
| February 2026 | $26.3M | Current | No | 0.29x | 41% |
| January 2026 | $26.3M | Current | No | 0.29x | 41% |
| December 2025 | $26.4M | Current | No | 0.29x | 41% |
| November 2025 | $26.4M | Current | No | 0.65x | 41% |
| October 2025 | $26.4M | Current | No | 0.65x | 66% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2020-C6 | 17 | $25,967,088 | Sep 2026 | SEC filing, September 29, 2026 |
Other Pittsburgh loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Nova Place | Pittsburgh, PA | Office | $140.0M | 4.192% | Jun 2029 | 1.97x | 78% | Current |
| The Block Northway | Pittsburgh, PA | Retail | $80.7M | 4.649% | Mar 2029 | 1.35x | 83% | Current |
| Sheraton Station Square | Pittsburgh, PA | Hotel | $34.0M | 7.643% | Dec 2029 | n/a | n/a | Current |
| Hyatt Place Pittsburgh North Shore | Pittsburgh, PA | Hotel | $23.3M | 7.289% | Jun 2029 | 2.10x | 68% | Current |
| Heritage Valley Health Monaca | Monaca, PA | Office | $11.9M | 3.35% | Oct 2029 | 3.06x | 100% | Current |
| Pittsburgh Multifamily Portfolio | Pittsburgh, PA | Multifamily | $9.6M | 4.183% | Nov 2029 | 1.77x | 93% | Current |
| North Fayette Shopping Center | Pittsburgh, PA | Retail | $4.7M | 3.479% | Nov 2029 | n/a | n/a | 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.