Office · Portland, Oregon
2020 Southwest 4th Avenue
2020 Southwest 4th Avenue is financed with a $44.3M CMBS loan at 3.961% that reaches maturity on December 11, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $44,250,000
- Original balance (same notes)
- $44,250,000
- Interest rate
- 3.961% fixed
- Originated
- December 11, 2017
- Maturity
- December 11, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 10, 2020
- 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 Southwest 4th Avenue, Portland, OR 97201
- Metro
- Portland-Vancouver-Hillsboro, OR-WA
- Rentable area
- 226,815 sq ft
- Built
- 1982, renovated 2016
- Largest tenants
- CH2M Hill; Chegg Inc.; METRON
- Value at securitization
- $65.2M (Nov 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.40x | 2.24x |
| Occupancy | 87% | 69% |
| Net operating income (annualized from 6 months) | $4.3M | $4.0M |
| Debt yield | 9.0% |
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 2018-BNK10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
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 87% when the loan was securitized to 69%.
- Net operating income is 6% below the underwritten figure ($4.0M a year against $4.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.40x at securitization to 2.24x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $44.3M | Current | No | 2.24x | 69% |
| August 2026 | $44.3M | Current | No | 2.02x | 69% |
| July 2026 | $44.3M | Current | No | 2.02x | 69% |
| June 2026 | $44.3M | Current | No | 2.02x | 69% |
| May 2026 | $44.3M | Current | No | 1.94x | 69% |
| April 2026 | $44.3M | Current | No | 1.94x | 69% |
| February 2026 | $44.3M | Current | No | 1.92x | 69% |
| January 2026 | $44.3M | Current | No | 1.92x | 69% |
| December 2025 | $44.3M | Current | No | 1.92x | 69% |
| November 2025 | $44.3M | Current | No | 1.92x | 69% |
| October 2025 | $44.3M | Current | No | 1.94x | 69% |
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 2018-BNK10 | 8 | $44,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Portland-Vancouver-Hillsboro loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hotel Eastlund | Portland, OR | Hotel | $36.7M | 4.98% | Mar 2027 | 0.75x | 65% | With the special servicer and 90+ days delinquent |
| Oregon City Shopping Center | Oregon City, OR | Retail | $22.5M | 4.30% | Jun 2027 | 2.00x | 80% | Current |
| Dorian Apartments | Portland, OR | Multifamily | $10.2M | 4.783% | Nov 2027 | 0.61x | 90% | Current |
| Cascade Building | Portland, OR | Mixed use | $10.0M | 3.645% | Oct 2027 | 0.42x | 42% | With the special servicer |
| Orchards Market Center | Vancouver, WA | Retail | $4.3M | 4.53% | May 2027 | 2.39x | 91% | Current |
| Ramada Portland East | Portland, OR | Hotel | $3.4M | 6.13% | Nov 2027 | n/a | n/a | Current |
All loans maturing in 2027 · All Portland-Vancouver-Hillsboro 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.