Multifamily · Des Moines, Iowa
Carbon 550
Carbon 550 is financed with a $6.6M CMBS loan at 3.50% that reaches maturity on March 6, 2030, in 3 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
- $6,552,462
- Original balance (same notes)
- $6,552,462
- Interest rate
- 3.50% fixed
- Originated
- March 3, 2020
- Maturity
- March 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2029
- Master servicer
- Trimont LLC
- Originator
- AREF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 550 Watson Powell Junior Way, Des Moines, IA 50309
- Metro
- Des Moines-West Des Moines, IA
- Units, rooms or beds
- 50
- Built
- 2018
- Value at securitization
- $10.3M (Jan 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.88x | 2.84x |
| Occupancy | 96% | 98% |
| Net operating income (annualized from 6 months) | $669K | $663K |
| Debt yield | 10.1% |
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 Morgan Stanley Capital I Trust 2020-HR8 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.6M | Current | No | 2.84x | 98% |
| August 2026 | $6.6M | Current | No | 2.84x | 98% |
| July 2026 | $6.6M | Current | No | 2.67x | 100% |
| June 2026 | $6.6M | Current | No | 2.67x | 100% |
| May 2026 | $6.6M | Current | No | 2.67x | 100% |
| April 2026 | $6.6M | Current | No | 3.09x | 94% |
| March 2026 | $6.6M | Current | No | 3.09x | 94% |
| February 2026 | $6.6M | Current | No | 3.09x | 94% |
| January 2026 | $6.6M | Current | No | 3.12x | 90% |
| December 2025 | $6.6M | Current | No | 3.12x | 90% |
| November 2025 | $6.6M | Current | No | 3.12x | 90% |
| October 2025 | $6.6M | Current | No | 2.76x | 94% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2020-HR8 | 27 | $6,552,462 | Sep 2026 | SEC filing, October 2, 2026 |
Other Des Moines-West Des Moines loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Newton Individual Property | Newton, IA | Industrial | $57.5M | 3.717% | Dec 2030 | n/a | n/a | Current |
| Hampton Inn Altoona Des Moines | Altoona, IA | Hotel | $8.1M | 3.82% | Apr 2030 | 1.78x | 50% | Current |
All loans maturing in 2030 · All Des Moines-West Des Moines 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.