Office · Knoxville, Tennessee
First Horizon Plaza
First Horizon Plaza is financed with a $31.9M CMBS loan at 3.72% that reaches maturity on December 6, 2030, in 4 years and 1 month. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $31,863,653
- Original balance (same notes)
- $36,000,000
- Interest rate
- 3.72% fixed
- Originated
- December 3, 2020
- Maturity
- December 6, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 5, 2030
- 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
- 800 S. Gay Street, Knoxville, TN 37929
- Metro
- Knoxville, TN
- Rentable area
- 463,325 sq ft
- Built
- 1978
- Largest tenants
- First Horizon Bank (100); First Horizon Bank (400); Total Quality Logistics, LLC (1800)
- Value at securitization
- $52.1M (Oct 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.89x | 1.60x |
| Occupancy | 82% | 88% |
| Net operating income (annualized from 6 months) | $3.8M | $6.4M |
| Debt yield | 20.2% |
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 GS Mortgage Securities Trust 2020-GSA2 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Coverage down 0.25x 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 risen from 82% when the loan was securitized to 88%.
- Net operating income is 71% above the underwritten figure ($6.4M a year against $3.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.89x at securitization to 1.60x on the latest statements.
- The filing gives Sep 2030 as the lease end date for the largest tenant (First Horizon Bank (100)), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $31.9M | Current | No | 1.60x | 88% |
| September 2026 | $31.9M | Current | No | 1.60x | 88% |
| August 2026 | $32.0M | Current | No | 1.60x | 88% |
| July 2026 | $32.1M | Current | No | 1.54x | 88% |
| June 2026 | $32.1M | Current | No | 1.54x | 88% |
| May 2026 | $32.2M | Current | No | 1.54x | 88% |
| April 2026 | $32.3M | Current | No | 1.87x | 88% |
| March 2026 | $32.3M | Current | No | 1.87x | 88% |
| February 2026 | $32.4M | Current | No | 1.87x | 88% |
| January 2026 | $32.5M | Current | No | 1.89x | 89% |
| December 2025 | $32.5M | Current | No | 1.89x | 89% |
| November 2025 | $32.6M | Current | No | 1.89x | 89% |
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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2020-GSA2 | 8 | $31,863,653 | Oct 2026 | SEC filing, October 22, 2026 |
Other Knoxville loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Jd Yarnell Industrial | Clinton, TN | Industrial | $8.2M | 6.384% | Jul 2030 | 1.66x | 100% | Current |
| Oak Ridge Self Storage | Oak Ridge, TN | Self storage | $5.7M | 6.878% | Jan 2030 | 1.22x | 89% | Current |
| Hardin Station | Knoxville, TN | Retail | $5.1M | 3.35% | Aug 2030 | 2.41x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.