Retail · Phoenix, Arizona
Greenway Park Plaza
Greenway Park Plaza is financed with a $19.0M CMBS loan at 3.80% that reaches maturity on October 1, 2029, in 2 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
- $18,998,859
- Original balance (same notes)
- $20,500,000
- Interest rate
- 3.80% fixed
- Originated
- September 4, 2019
- Maturity
- October 1, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- June 30, 2029
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3202, 3222, 3232, 3242, 3322, 3332 East Greenway Road and 15543 North 32nd Street, Phoenix, AZ 85032
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 202,399 sq ft
- Built
- 1988
- Largest tenants
- Food City; Ross Dress for Less; Goody's
- Value at securitization
- $28.5M (Jul 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.88x | 2.00x |
| Occupancy | 98% | 97% |
| Net operating income (annualized from 6 months) | $2.2M | $2.3M |
| Debt yield | 12.2% |
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 BANK 2019-BNK21 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 7% above the underwritten figure ($2.3M a year against $2.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.88x at securitization to 2.00x on the latest statements.
- The filing gives Jan 2029 as the lease end date for the largest tenant (Food City), 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 | $19.0M | Current | No | 2.00x | 97% |
| August 2026 | $19.0M | Current | No | 2.24x | 97% |
| July 2026 | $19.1M | Current | No | 2.24x | 97% |
| June 2026 | $19.1M | Current | No | 2.24x | 97% |
| May 2026 | $19.1M | Current | No | 1.58x | 97% |
| April 2026 | $19.2M | Current | No | 1.58x | 97% |
| March 2026 | $19.2M | Current | No | 1.58x | 97% |
| February 2026 | $19.2M | Current | No | 1.59x | 97% |
| January 2026 | $19.3M | Current | No | 1.59x | 97% |
| December 2025 | $19.3M | Current | No | 1.59x | 97% |
| November 2025 | $19.3M | Current | No | 1.59x | 97% |
| October 2025 | $19.4M | Current | No | 1.52x | 94% |
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 |
|---|---|---|---|---|
| BANK 2019-BNK21 | 16 | $18,998,859 | Sep 2026 | SEC filing, September 29, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 3900 Camelback | Phoenix, AZ | Office | $37.5M | 3.48% | Dec 2029 | 1.93x | 24% | Current |
| 4041 Central | Phoenix, AZ | Office | $36.7M | 3.66% | Oct 2029 | 1.90x | 71% | Delinquent |
| Embassy Suites Scottsdale | Scottsdale, AZ | Hotel | $35.5M | 5.915% | Feb 2029 | 2.02x | 81% | Current |
| Riverwalk Business Park | Scottsdale, AZ | Office | $34.5M | 7.718% | Dec 2029 | 2.39x | 95% | Current |
| Papago Gateway Center | Tempe, AZ | Office | $34.0M | 8.248% | Mar 2029 | 2.33x | 99% | Current |
| Marriott Phoenix Airport | Phoenix, AZ | Hotel | $33.9M | 4.128% | Dec 2029 | 3.79x | 69% | Current |
| Scottsdale Center | Scottsdale, AZ | Office | $24.4M | 5.145% | Jan 2029 | 2.68x | 98% | Current |
| Residence Inn - Phoenix Chandler South | Chandler, AZ | Hotel | $16.0M | 4.30% | Nov 2029 | n/a | n/a | Current |
All loans maturing in 2029 · 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.