Multifamily · San Rafael, California
330 Canal Apartments
330 Canal Apartments is financed with a $2.2M CMBS loan at 3.70% that reaches maturity on September 11, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,217,006
- Original balance (same notes)
- $2,400,000
- Interest rate
- 3.70% fixed
- Originated
- August 30, 2019
- Maturity
- September 11, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- December 10, 2021
- 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
- 330 Canal Street, San Rafael, CA 94901
- Metro
- San Francisco-Oakland-Fremont, CA
- Units, rooms or beds
- 96
- Built
- 1973
- Value at securitization
- $14.5M (Jul 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 5.02x | 4.08x |
| Occupancy | 100% | 99% |
| Net operating income (annualized from 6 months) | $666K | $546K |
| Debt yield | 24.6% |
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 2019-C53 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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
- Net operating income is 18% below the underwritten figure ($546K a year against $666K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 5.02x at securitization to 4.08x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.2M | Current | No | 4.08x | 99% |
| August 2026 | $2.2M | Current | No | 4.08x | 99% |
| July 2026 | $2.2M | Current | No | 4.36x | 98% |
| June 2026 | $2.2M | Current | No | 4.36x | 98% |
| May 2026 | $2.2M | Current | No | 4.36x | 98% |
| April 2026 | $2.2M | Current | No | 3.96x | 98% |
| March 2026 | $2.2M | Current | No | 3.96x | 98% |
| February 2026 | $2.2M | Current | No | 3.96x | 98% |
| January 2026 | $2.2M | Current | No | 3.48x | 99% |
| December 2025 | $2.3M | Current | No | 3.48x | 99% |
| November 2025 | $2.3M | Current | No | 3.48x | 99% |
| October 2025 | $2.3M | Current | No | 2.98x | 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 2019-C53 | 48 | $2,217,006 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 560 Mission Street | San Francisco, CA | Office | $300.0M | 2.589% | Dec 2029 | 2.37x | 97% | Current |
| 101 California Street | San Francisco, CA | Office | $200.0M | 3.85% | Mar 2029 | 1.60x | 91% | Current |
| 350 Bush Street | San Francisco, CA | Office | $185.0M | 3.912% | May 2029 | 4.63x | 100% | Current |
| 188 Spear Street | San Francisco, CA | Office | $125.0M | 3.57% | Jun 2029 | 3.57x | 97% | With the special servicer |
| Nema San Francisco | San Francisco, CA | Multifamily | $75.0M | 4.436% | Feb 2029 | 1.34x | 97% | Current |
| One Stockton | San Francisco, CA | Retail | $66.0M | 4.04% | Dec 2029 | -0.37x | 100% | Current |
| Pleasanton Corporate Commons | Pleasanton, CA | Mixed use | $65.8M | 7.78% | May 2029 | 1.88x | 100% | Current |
| Central Tower | San Francisco, CA | Office | $63.7M | 4.06% | May 2029 | 1.11x | 34% | With the special servicer and 90+ days delinquent |
All loans maturing in 2029 · All San Francisco-Oakland-Fremont 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.