Office · Maple Grove, Minnesota
6655 Wedgwood Road
6655 Wedgwood Road is financed with a $9.8M CMBS loan at 4.03% that reaches maturity on October 6, 2030, in 3 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,771,840
- Original balance (same notes)
- $10,300,000
- Interest rate
- 4.03% fixed
- Originated
- September 21, 2020
- Maturity
- October 6, 2030
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- July 5, 2030
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6655 Wedgwood Road, Maple Grove, MN 55311
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Rentable area
- 123,854 sq ft
- Built
- 1989
- Largest tenants
- Audio Research Corporation; 4C Medical Technologies, Inc.; MDCM Solutions, Inc.
- Value at securitization
- $15.3M (Aug 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.08x | 1.10x |
| Occupancy | 89% | 68% |
| Net operating income (annualized from 3 months) | $1.2M | $660K |
| Debt yield | 6.8% |
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 Benchmark 2020-B20 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% 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 89% when the loan was securitized to 68%.
- Net operating income is 46% below the underwritten figure ($660K a year against $1.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.08x at securitization to 1.10x on the latest statements.
- The filing gives Dec 2028 as the lease end date for the largest tenant (Audio Research Corporation), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.8M | Current | No | 1.10x | 68% |
| August 2026 | $9.8M | Current | No | 1.10x | 68% |
| July 2026 | $9.8M | Late payment but less than 30 days delinquent | No | 1.10x | 68% |
| June 2026 | $9.8M | Current | No | n/a | n/a |
| May 2026 | $9.9M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $9.9M | Current | No | 1.81x | n/a |
| March 2026 | $9.9M | Current | No | 1.81x | n/a |
| February 2026 | $9.9M | Current | No | 1.81x | n/a |
| January 2026 | $9.9M | Current | No | 2.09x | 68% |
| December 2025 | $9.9M | Current | No | 2.09x | 68% |
| November 2025 | $9.9M | Current | No | 2.09x | 68% |
| October 2025 | $9.9M | Current | No | 2.21x | 90% |
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 |
|---|---|---|---|---|
| Benchmark 2020-B20 Mortgage Trust | 24 | $9,771,840 | Sep 2026 | SEC filing, September 28, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ridgedale Center | Minnetonka, MN | Retail | $118.7M | 7.094% | Jun 2030 | 1.63x | 89% | Current |
| Skywater Technology HQ | Bloomington, MN | Mixed use | $32.7M | 3.44% | Oct 2030 | 1.80x | 100% | Current |
| Uhg Optum Health Campus | Eden Prairie, MN | Office | $26.6M | 4.00% | Aug 2030 | -1.66x | n/a | Current |
| Lakeside Flats | Lakeville, MN | Multifamily | $16.8M | 4.46% | Mar 2030 | 1.39x | 94% | Current |
| N1563 US Highway 63 | Hager City, WI | Self storage | $4.5M | 6.71% | Aug 2030 | n/a | n/a | Current |
| City Line Hudson KO Storage | Hudson, WI | Self storage | $3.5M | 6.28% | Nov 2030 | 1.36x | 77% | Current |
| Dollar General- Isanti | Isanti, MN | Retail | $966K | 4.78% | Aug 2030 | 2.06x | 100% | Current |
| Dollar General-Becker, Mn | Becker, MN | Retail | $924K | 4.77% | Mar 2030 | 1.86x | 100% | Current |
All loans maturing in 2030 · All Minneapolis-St. Paul-Bloomington 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.