Self storage · Commerce, Georgia
Commerce Storage
Commerce Storage is financed with a $5.4M CMBS loan at 3.85% that reaches maturity on February 6, 2030, in 3 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,416,438
- Original balance (same notes)
- $5,800,000
- Interest rate
- 3.85% fixed
- Originated
- January 30, 2020
- Maturity
- February 6, 2030
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- November 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 95 Homer Street & 741 Ila Road, Commerce, GA 30529
- Rentable area
- 93,985 sq ft
- Units, rooms or beds
- 653
- Built
- 1960, renovated 2005
- Value at securitization
- $8.8M (Dec 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.68x | 1.94x |
| Occupancy | 90% | 78% |
| Net operating income (annualized from 3 months) | $549K | $642K |
| Debt yield | 11.8% |
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 Wells Fargo Commercial Mortgage Trust 2020-C56 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 90% when the loan was securitized to 78%.
- Net operating income is 17% above the underwritten figure ($642K a year against $549K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.68x at securitization to 1.94x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.4M | Current | No | 1.94x | 78% |
| August 2026 | $5.4M | Current | No | 1.94x | 78% |
| July 2026 | $5.4M | Current | No | 1.94x | 78% |
| June 2026 | $5.4M | Current | No | 1.94x | 78% |
| May 2026 | $5.5M | Current | No | 1.94x | 78% |
| April 2026 | $5.5M | Current | No | 2.10x | 81% |
| March 2026 | $5.5M | Current | No | 2.15x | 85% |
| February 2026 | $5.5M | Current | No | 2.15x | 85% |
| January 2026 | $5.5M | Current | No | 2.15x | 85% |
| December 2025 | $5.5M | Current | No | 2.11x | 86% |
| November 2025 | $5.5M | Current | No | 2.11x | 86% |
| October 2025 | $5.5M | Current | No | 2.11x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2020-C56 | 37 | $5,416,438 | Sep 2026 | SEC filing, September 29, 2026 |
Other Georgia loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 260 & 270 Peachtree Street | Atlanta, GA | Office | $65.2M | 3.80% | Mar 2030 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Columbus Park Crossing | Columbus, GA | Retail | $60.0M | 5.857% | Dec 2030 | 1.75x | 87% | Current |
| AVR Atlanta Airport Marriott Gateway | College Park, GA | Hotel | $56.0M | 3.885% | Jan 2030 | n/a | n/a | Current |
| Atlanta Galleria Hotel Portfolio | Atlanta, GA | Hotel | $47.0M | 6.825% | Mar 2030 | 2.24x | 61% | Current |
| Georgia MF Portfolio | GA | Multifamily | $47.0M | 6.65% | Jan 2030 | 1.39x | 96% | Current |
| Arrowhead Townhomes | Jonesboro, GA | Multifamily | $45.0M | 6.54% | Jul 2030 | 1.32x | 97% | Current |
| The Desoto | Savannah, GA | Hotel | $42.0M | 7.13% | Oct 2030 | 1.95x | 66% | Current |
| Pine Hill and Pine Manor | Tifton, GA | Manufactured housing | $36.0M | 6.50% | Sep 2030 | n/a | n/a | Current |
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.