Retail · Grass Valley, California
Grass Valley Shopping Center
Grass Valley Shopping Center is financed with a $19.0M CMBS loan at 6.245% that reaches maturity on September 1, 2030, in 3 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $19,000,000
- Original balance (same notes)
- $19,000,000
- Interest rate
- 6.245% fixed
- Originated
- August 28, 2025
- Maturity
- September 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 28, 2030
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 111 and 117 West Mcknight Way, Grass Valley, CA 95949
- Rentable area
- 153,492 sq ft
- Built
- 1981, renovated 2021
- Largest tenants
- Target Corporation; C&S RE LLC; Big 5 Sporting Goods
- Value at securitization
- $30.4M (May 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.53x | 1.73x |
| Occupancy | 99% | 100% |
| Net operating income (annualized from 6 months) | $1.8M | $2.1M |
| Debt yield | 11.0% |
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 BANK5 2025-5YR17 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 14% above the underwritten figure ($2.1M a year against $1.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.53x at securitization to 1.73x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $19.0M | Current | No | 1.73x | 100% |
| August 2026 | $19.0M | Current | No | n/a | n/a |
| July 2026 | $19.0M | Current | No | n/a | n/a |
| June 2026 | $19.0M | Current | No | n/a | n/a |
| May 2026 | $19.0M | Current | No | n/a | n/a |
| April 2026 | $19.0M | Current | No | n/a | n/a |
| March 2026 | $19.0M | Current | No | n/a | n/a |
| February 2026 | $19.0M | Current | No | n/a | n/a |
| January 2026 | $19.0M | Current | No | n/a | n/a |
| December 2025 | $19.0M | Current | No | n/a | n/a |
| November 2025 | $19.0M | Current | No | n/a | n/a |
| October 2025 | $19.0M | Current | No | 1.12x | 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 |
|---|---|---|---|---|
| BANK5 2025-5YR17 | 18 | $19,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other California loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Burlingame Point | Burlingame, CA | Office | $360.0M | 3.017% | Jul 2030 | 2.68x | 100% | Current |
| Mcclellan Park | McClellan, CA | Mixed use | $358.0M | 3.309% | Dec 2030 | n/a | n/a | Current |
| Moffett Towers Building B | Sunnyvale, CA | Office | $227.6M | 3.49% | Feb 2030 | n/a | n/a | Current |
| Coleman Highline, San Jose (2030 maturity), loan 2 in BANK 2020-BNK29 | San Jose, CA | Office | $167.7M | 2.867% | Nov 2030 | 4.15x | 100% | Current |
| Radius at Harbor Bay | Alameda, CA | Other | $166.4M | 6.126% | Jan 2030 | 1.48x | 90% | Current |
| Coleman Highline, San Jose (2030 maturity), loan 2 in BENCHMARK 2020-B19 MORTGAGE TRUST | San Jose, CA | Office | $155.0M | 2.80% | Sep 2030 | 4.47x | 100% | Current |
| Moffett Place - Building 6 | Sunnyvale, CA | Office | $132.6M | 3.369% | Aug 2030 | n/a | n/a | Current |
| Amazon LAX | Los Angeles, CA | Industrial | $116.3M | 5.509% | Dec 2030 | 1.73x | 100% | 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.