Office · Kansas City, Kansas
Gateway Tower, Kansas City
Gateway Tower is financed with a $7.5M CMBS loan at 4.284% that reaches maturity on January 6, 2030, in 3 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,463,051
- Original balance (same notes)
- $8,500,000
- Interest rate
- 4.284% fixed
- Originated
- December 27, 2019
- Maturity
- January 6, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 400 State Avenue, Kansas City, KS 66101
- Metro
- Kansas City, MO-KS
- Rentable area
- 170,817 sq ft
- Built
- 1972
- Largest tenants
- HOUSING & URBAN DEVELOPMENT; GSA; Equal Employment Opportu
- Value at securitization
- $12.4M (Nov 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.67x | 2.05x |
| Occupancy | 95% | 92% |
| Net operating income (annualized from 3 months) | $1.3M | $1.0M |
| Debt yield | 14.0% |
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.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
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 22% below the underwritten figure ($1.0M a year against $1.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.67x at securitization to 2.05x on the latest statements.
- The filing gives Feb 2027 as the lease end date for the largest tenant (HOUSING & URBAN DEVELOPMENT), 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 | $7.5M | Current | No | 2.05x | 92% |
| August 2026 | $7.5M | Current | No | 2.05x | 92% |
| July 2026 | $7.5M | Current | No | 2.05x | 92% |
| June 2026 | $7.5M | Current | No | 2.05x | 92% |
| May 2026 | $7.5M | Late payment but less than 30 days delinquent | No | 2.32x | 89% |
| April 2026 | $7.5M | Current | No | 2.32x | 89% |
| March 2026 | $7.6M | Current | No | 2.32x | 89% |
| February 2026 | $7.6M | Current | No | 2.32x | 89% |
| January 2026 | $7.6M | Current | No | 2.26x | 92% |
| December 2025 | $7.6M | Current | No | 2.26x | 92% |
| November 2025 | $7.6M | Current | No | 2.26x | 92% |
| October 2025 | $7.6M | Current | No | 2.51x | 92% |
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 | 30 | $7,463,051 | Sep 2026 | SEC filing, September 29, 2026 |
Other Kansas City loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Park Place Village | Leawood, KS | Mixed use | $62.0M | 6.54% | Oct 2030 | 2.69x | 96% | Current |
| Black Lark Apartments | Kansas City, KS | Multifamily | $29.8M | 6.55% | May 2030 | n/a | n/a | Current |
| Natural Grocers - Independence | Independence, MO | Retail | $24.3M | 6.228% | Aug 2030 | n/a | n/a | Current |
| College Metcalf | Overland Park, KS | Mixed use | $7.3M | 3.22% | Mar 2030 | 3.76x | 86% | Current |
| 8300 College Boulevard | Overland Park, KS | Office | $6.3M | 3.90% | Mar 2030 | 1.64x | 87% | 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.