Multifamily · Chico, California
Campus Walk Chico Apartments
Campus Walk Chico Apartments is financed with a $11.0M CMBS loan at 4.27% that reaches maturity on January 1, 2030, in 3 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $11,002,979
- Original balance (same notes)
- $11,250,000
- Interest rate
- 4.27% fixed
- Originated
- December 20, 2019
- Maturity
- January 1, 2030
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- August 31, 2029
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 8, 2026
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 330 Nord Avenue, Chico, CA 95926
- Units, rooms or beds
- 174
- Built
- 2018
- Value at securitization
- $19.0M (Oct 2019)
Performance
| At securitization | Latest (Jun 2025) | |
|---|---|---|
| DSCR (NOI) | 1.57x | 1.07x |
| Occupancy | 98% | 75% |
| Net operating income (annualized from 6 months) | $1.0M | $685K |
| Debt yield | 6.2% |
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 2020-BNK25 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since December 2025.
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 98% when the loan was securitized to 75%.
- Net operating income is 35% below the underwritten figure ($685K a year against $1.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.57x at securitization to 1.07x on the latest statements.
- The most recent valuation in the filing is $10.7M (January 29, 2026), against $19.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.0M | 90+ days delinquent | Yes | 1.07x | 75% |
| August 2026 | $11.0M | 60-89 days delinquent | Yes | 1.07x | 75% |
| July 2026 | $11.0M | 30-59 days delinquent | Yes | 1.07x | 75% |
| June 2026 | $11.0M | 60-89 days delinquent | Yes | 1.07x | 75% |
| May 2026 | $11.0M | 30-59 days delinquent | Yes | 1.07x | 75% |
| April 2026 | $11.1M | 30-59 days delinquent | Yes | 1.07x | 75% |
| March 2026 | $11.1M | 30-59 days delinquent | Yes | 1.07x | 75% |
| February 2026 | $11.1M | 90+ days delinquent | Yes | 1.07x | 75% |
| January 2026 | $11.1M | 60-89 days delinquent | Yes | 1.07x | 75% |
| December 2025 | $11.1M | 30-59 days delinquent | No | 1.07x | 75% |
| November 2025 | $11.1M | Late payment but less than 30 days delinquent | No | 1.07x | 75% |
| October 2025 | $11.1M | Current | No | 1.07x | 75% |
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.
Special-servicing history
- Transferred to the special servicer January 8, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2020-BNK25 | 35 | $11,002,979 | Sep 2026 | SEC filing, September 29, 2026 |
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.