Retail · Phoenix, Arizona
Bell Towne Centre
Bell Towne Centre is financed with a $24.1M CMBS loan at 3.521% that reaches maturity on December 6, 2030, in 4 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $24,083,675
- Original balance (same notes)
- $26,600,000
- Interest rate
- 3.521% fixed
- Originated
- November 24, 2020
- Maturity
- December 6, 2030
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- August 31, 2030
- Master servicer
- Trimont LLC
- Originator
- Column Financial, Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 16842 North 7th Street, Phoenix, AZ 85022
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 130,713 sq ft
- Built
- 1988
- Largest tenants
- ROYAL DANCE WORKS INC.; BG Retail LLC; FEDEX/ KINKO'S INC. #2312
- Value at securitization
- $42.5M (Oct 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.08x | 2.50x |
| Occupancy | 89% | 95% |
| Net operating income (annualized from 6 months) | $3.0M | $3.6M |
| Debt yield | 15.0% |
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 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 risen from 89% when the loan was securitized to 95%.
- Net operating income is 21% above the underwritten figure ($3.6M a year against $3.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.08x at securitization to 2.50x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $24.1M | Current | No | 2.50x | 95% |
| August 2026 | $24.1M | Current | No | 2.50x | 95% |
| July 2026 | $24.2M | Current | No | 2.18x | 91% |
| June 2026 | $24.2M | Current | No | 2.18x | 91% |
| May 2026 | $24.3M | Current | No | 2.18x | 91% |
| April 2026 | $24.3M | Current | No | 2.18x | 91% |
| March 2026 | $24.4M | Current | No | 2.17x | 96% |
| February 2026 | $24.4M | Current | No | 2.17x | 96% |
| January 2026 | $24.5M | Current | No | 2.17x | 96% |
| December 2025 | $24.5M | Current | No | 2.17x | 96% |
| November 2025 | $24.6M | Current | No | 2.17x | 96% |
| October 2025 | $24.6M | Current | No | 2.17x | 97% |
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 2021-C60 | 6 | $24,083,675 | Sep 2026 | SEC filing, September 29, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Central Arts Plaza | Phoenix, AZ | Office | $63.0M | 6.73% | Nov 2030 | n/a | n/a | Current |
| U-Haul Moving & Storage of Mesa | Mesa, AZ | Self storage | $26.0M | 3.11% | Mar 2030 | n/a | n/a | Current |
| Palmilla Center | Avondale, AZ | Retail | $19.9M | 6.216% | Dec 2030 | n/a | n/a | Current |
| Elevate at South Mountain | Phoenix, AZ | Multifamily | $16.9M | 6.126% | Oct 2030 | n/a | n/a | Late, less than 30 days |
| Crossroads at Tolleson | Tolleson, AZ | Retail | $15.6M | 3.90% | Feb 2030 | 2.18x | 99% | Current |
| Landing At The Quarter | Scottsdale, AZ | Industrial | $15.6M | 3.717% | Jan 2030 | n/a | n/a | Current |
| Glendale Thunderbird Shopping Center | Glendale, AZ | Retail | $12.2M | 3.25% | Mar 2030 | 4.02x | 100% | Current |
| Augusta Ranch Marketplace | Mesa, AZ | Retail | $12.0M | 7.01% | Sep 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.