Industrial · Phoenix, Arizona
2020 East University Drive
2020 East University Drive is financed with a $4.8M CMBS loan at 4.89% that reaches maturity on January 11, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,800,818
- Original balance (same notes)
- $5,000,000
- Interest rate
- 4.89% fixed
- Originated
- December 13, 2018
- Maturity
- January 11, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- October 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
- 2020 East University Drive, Phoenix, AZ 85034
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 134,375 sq ft
- Built
- 1969, renovated 2018
- Largest tenants
- Arizona wholesale supply company; Iron Mountain
- Value at securitization
- $8.5M (Nov 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.90x | 3.20x |
| Occupancy | 100% | 100% |
| Net operating income | $603K | $1.0M |
| Debt yield | 21.2% |
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 2019-BNK16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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 69% above the underwritten figure ($1.0M a year against $603K).
- Debt service coverage moved from 1.90x at securitization to 3.20x on the latest statements.
- The filing gives Feb 2027 as the lease end date for the largest tenant (Arizona wholesale supply company), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.8M | Current | No | 3.20x | 100% |
| August 2026 | $4.8M | Current | No | 3.20x | 100% |
| July 2026 | $4.8M | Current | No | 3.20x | 100% |
| June 2026 | $4.8M | Current | No | 3.20x | 100% |
| May 2026 | $4.8M | Current | No | 3.19x | 100% |
| March 2026 | $4.8M | Current | No | 3.19x | 100% |
| February 2026 | $4.8M | Current | No | 3.22x | 100% |
| January 2026 | $4.9M | Current | No | 3.22x | 100% |
| December 2025 | $4.9M | Current | No | 3.22x | 100% |
| November 2025 | $4.9M | Current | No | 3.04x | 100% |
| October 2025 | $4.9M | Current | No | 3.04x | 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 2019-BNK16 | 45 | $4,800,818 | Sep 2026 | SEC filing, September 29, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 3900 Camelback | Phoenix, AZ | Office | $37.5M | 3.48% | Dec 2029 | 1.93x | 24% | Current |
| 4041 Central | Phoenix, AZ | Office | $36.7M | 3.66% | Oct 2029 | 1.90x | 71% | Delinquent |
| Embassy Suites Scottsdale | Scottsdale, AZ | Hotel | $35.5M | 5.915% | Feb 2029 | 2.02x | 81% | Current |
| Riverwalk Business Park | Scottsdale, AZ | Office | $34.5M | 7.718% | Dec 2029 | 2.39x | 95% | Current |
| Papago Gateway Center | Tempe, AZ | Office | $34.0M | 8.248% | Mar 2029 | 2.33x | 99% | Current |
| Marriott Phoenix Airport | Phoenix, AZ | Hotel | $33.9M | 4.128% | Dec 2029 | 3.79x | 69% | Current |
| Scottsdale Center | Scottsdale, AZ | Office | $24.4M | 5.145% | Jan 2029 | 2.68x | 98% | Current |
| Greenway Park Plaza | Phoenix, AZ | Retail | $19.0M | 3.80% | Oct 2029 | 2.00x | 97% | Current |
All loans maturing in 2029 · All Phoenix-Mesa-Chandler 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.