Retail · Tolleson, Arizona
Crossroads at Tolleson
Crossroads at Tolleson is financed with a $15.6M CMBS loan at 3.90% 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
- $15,596,871
- Original balance (same notes)
- $17,885,000
- Interest rate
- 3.90% fixed
- Originated
- January 23, 2020
- Maturity
- February 6, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 9897 West McDowell Road, Tolleson, AZ 85037
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 98,343 sq ft
- Built
- 2006
- Largest tenants
- Napa Auto Parts; Alturas Cosmetology of Arizona; Lerner & Rowe
- Value at securitization
- $24.9M (Dec 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.93x | 2.18x |
| Occupancy | 96% | 99% |
| Net operating income (annualized from 6 months) | $2.0M | $4.5M |
| Debt yield | 28.6% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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 96% when the loan was securitized to 99%.
- Net operating income is 128% above the underwritten figure ($4.5M a year against $2.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.93x at securitization to 2.18x on the latest statements.
- The filing gives Sep 2029 as the lease end date for the largest tenant (Napa Auto Parts), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $15.6M | Current | No | 2.18x | 99% |
| August 2026 | $15.6M | Current | No | 2.45x | 99% |
| July 2026 | $15.7M | Current | No | 2.45x | 99% |
| June 2026 | $15.7M | Current | No | 2.45x | 99% |
| May 2026 | $15.7M | Current | No | 2.45x | 99% |
| April 2026 | $15.8M | Current | No | 2.07x | 100% |
| March 2026 | $15.8M | Current | No | 2.07x | 100% |
| February 2026 | $15.8M | Current | No | 2.12x | 99% |
| January 2026 | $15.9M | Current | No | 2.12x | 99% |
| December 2025 | $15.9M | Current | No | 1.88x | 99% |
| November 2025 | $15.9M | Current | No | 1.88x | 99% |
| October 2025 | $16.0M | Current | No | 1.88x | 99% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 | 23 | $15,596,871 | Sep 2026 | SEC filing, September 30, 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 |
| Bell Towne Centre | Phoenix, AZ | Retail | $24.1M | 3.521% | Dec 2030 | 2.50x | 95% | 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 |
| 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.