Industrial · Watertown, Wisconsin
Diversey
Diversey is financed with a $5.7M CMBS loan at 3.197% that reaches maturity on October 6, 2030, in 3 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,684,839
- Original balance (same notes)
- $6,186,126
- Interest rate
- 3.197% fixed
- Originated
- September 22, 2020
- Maturity
- October 6, 2030
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- October 5, 2022
- Prepayment premium ends
- June 5, 2030 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 316 Hart Street 1205 Wakoka Street, Watertown, WI 53094
- Rentable area
- 145,014 sq ft
- Built
- 1919
- Largest tenants
- Diversey
- Value at securitization
- $10.4M (Jul 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.17x | 2.38x |
| Occupancy | 100% | n/a |
| Net operating income (annualized from 3 months) | $698K | $774K |
| Debt yield | 13.6% |
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 Benchmark 2020-B20 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Net operating income is 11% above the underwritten figure ($774K a year against $698K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.17x at securitization to 2.38x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.7M | Current | No | 2.38x | n/a |
| August 2026 | $5.7M | Current | No | 2.38x | n/a |
| July 2026 | $5.7M | Current | No | n/a | n/a |
| June 2026 | $5.7M | Current | No | n/a | n/a |
| May 2026 | $5.7M | Current | No | n/a | n/a |
| April 2026 | $5.7M | Current | No | n/a | n/a |
| March 2026 | $5.8M | Current | No | n/a | n/a |
| February 2026 | $5.8M | Current | No | n/a | n/a |
| January 2026 | $5.8M | Current | No | n/a | n/a |
| December 2025 | $5.8M | Current | No | n/a | n/a |
| November 2025 | $5.8M | Current | No | n/a | n/a |
| October 2025 | $5.8M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| Benchmark 2020-B20 Mortgage Trust | 30 | $5,684,839 | Sep 2026 | SEC filing, September 28, 2026 |
Other Wisconsin loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Badger Portfolio | WI | Manufactured housing | $60.4M | 6.033% | Dec 2030 | 1.39x | 91% | Current |
| Kenosha Storage | Kenosha, WI | Self storage | $55.0M | 4.183% | Feb 2030 | n/a | n/a | Current |
| De Pere Warehouse | De Pere, WI | Industrial | $51.5M | 6.313% | Sep 2030 | n/a | n/a | Current |
| Pick n Save - McFarland, WI | Mcfarland, WI | Retail | $29.6M | 4.05% | Aug 2030 | n/a | n/a | Current |
| Grafton Commons | Grafton, WI | Retail | $25.2M | 3.894% | Jan 2030 | 2.00x | 100% | Current |
| Hobby Lobby - Onalaska, Wi | Onalaska, WI | Retail | $19.3M | 3.454% | Mar 2030 | n/a | n/a | Current |
| The Common Place | Ashwaubenon, WI | Multifamily | $18.0M | 6.461% | Oct 2030 | 1.32x | 99% | Current |
| 2505 & 2533 Foster Ave | Janesville, WI | Industrial | $12.8M | 6.284% | 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.