Self storage · Loveland, Colorado
A Storage Place - Fort Collins
A Storage Place - Fort Collins is financed with a $7.0M CMBS loan at 3.532% that reaches maturity on March 11, 2031, in 4 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,000,000
- Original balance (same notes)
- $7,000,000
- Interest rate
- 3.532% fixed
- Originated
- February 16, 2021
- Maturity
- March 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 10, 2030
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 232 East County Road 30, Loveland, CO 80538
- Metro
- Fort Collins-Loveland, CO
- Rentable area
- 122,250 sq ft
- Units, rooms or beds
- 768
- Built
- 1997, renovated 2007
- Value at securitization
- $11.5M (Jan 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.47x | 2.65x |
| Occupancy | 92% | 82% |
| Net operating income | $618K | $664K |
| Debt yield | 9.5% |
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 2021-BNK32 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 92% when the loan was securitized to 82%.
- Net operating income is 7% above the underwritten figure ($664K a year against $618K).
- Debt service coverage moved from 2.47x at securitization to 2.65x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.0M | Current | No | 2.65x | 82% |
| August 2026 | $7.0M | Current | No | 2.65x | 82% |
| July 2026 | $7.0M | Current | No | 2.65x | 82% |
| June 2026 | $7.0M | Current | No | 2.65x | 82% |
| May 2026 | $7.0M | Current | No | 3.11x | 86% |
| April 2026 | $7.0M | Current | No | 3.11x | 86% |
| March 2026 | $7.0M | Current | No | 3.11x | 86% |
| February 2026 | $7.0M | Current | No | 3.11x | 86% |
| January 2026 | $7.0M | Current | No | 3.11x | 86% |
| December 2025 | $7.0M | Current | No | 3.11x | 86% |
| November 2025 | $7.0M | Current | No | 3.11x | 86% |
| October 2025 | $7.0M | Current | No | 3.11x | 86% |
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 2021-BNK32 | 30 | $7,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Fort Collins-Loveland loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Advanced Energy | Fort Collins, CO | Industrial | $17.6M | 3.87% | Mar 2031 | 2.38x | 100% | Current |
| ClearHome Self Storage, Loveland CO | Loveland, CO | Self storage | $5.8M | 6.331% | Mar 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Fort Collins-Loveland 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.