Office · Sacramento, California
Harvard Park
Harvard Park is financed with a $34.0M CMBS loan at 4.53% that reaches maturity on October 1, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $34,000,000
- Original balance (same notes)
- $34,000,000
- Interest rate
- 4.53% fixed
- Originated
- September 5, 2018
- Maturity
- October 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 30, 2028
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred July 18, 2025
- Workout strategy
- Modification
- Defeasance
- None reported
The property
- Address
- 2201, 2241 & 2251 Harvard Street, Sacramento, CA 95815
- Metro
- Sacramento-Roseville-Folsom, CA
- Rentable area
- 291,699 sq ft
- Built
- 1987
- Largest tenants
- St of Ca - Dept of Parks & Rec; Graybar Electric Company Inc; Maxim Healthcare Services Inc
- Value at securitization
- $53.3M (Apr 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.38x | 0.26x |
| Occupancy | 100% | 25% |
| Net operating income | $3.7M | $402K |
| Debt yield | 1.2% |
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 2018-BNK15 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 11 monthly reports we hold (October 2025 to September 2026).
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 fallen from 100% when the loan was securitized to 25%.
- Net operating income is 89% below the underwritten figure ($402K a year against $3.7M).
- Debt service coverage moved from 2.38x at securitization to 0.26x on the latest statements.
- At 0.26x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $33.4M (May 19, 2026), against $53.3M at securitization.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $34.0M | 90+ days delinquent | Yes | 0.26x | 25% |
| August 2026 | $34.0M | 90+ days delinquent | Yes | 0.26x | 25% |
| June 2026 | $34.0M | 90+ days delinquent | Yes | 0.26x | 25% |
| May 2026 | $34.0M | 90+ days delinquent | Yes | 0.26x | 25% |
| April 2026 | $34.0M | 90+ days delinquent | Yes | 0.26x | 25% |
| March 2026 | $34.0M | 90+ days delinquent | Yes | 0.26x | 25% |
| February 2026 | $34.0M | 90+ days delinquent | Yes | 0.38x | 25% |
| January 2026 | $34.0M | 90+ days delinquent | Yes | 0.38x | 25% |
| December 2025 | $34.0M | 90+ days delinquent | Yes | 0.38x | 25% |
| November 2025 | $34.0M | 90+ days delinquent | Yes | 0.93x | 25% |
| October 2025 | $34.0M | 90+ days delinquent | Yes | 0.93x | 25% |
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.
Special-servicing history
- Transferred to the special servicer July 18, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2018-BNK15 | 7 | $34,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Sacramento-Roseville-Folsom loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Blue Oaks Town Center | Rocklin, CA | Retail | $56.5M | 6.99% | Feb 2028 | n/a | n/a | Current |
| 1801 L Street | Sacramento, CA | Multifamily | $38.0M | 4.845% | Jul 2028 | 1.65x | 96% | Current |
| Creekside Oaks | Sacramento, CA | Office | $20.4M | 4.55% | Aug 2028 | n/a | n/a | Current |
| Roseville Corporate Center | Roseville, CA | Office | $16.0M | 4.71% | Jun 2028 | 2.26x | 88% | Current |
| Hyatt Place Roseville | Roseville, CA | Hotel | $15.6M | 4.97% | Aug 2028 | 2.25x | 79% | Current |
| Residence Inn Sacramento | Sacramento, CA | Hotel | $14.6M | 5.24% | Mar 2028 | 1.30x | 77% | Current |
| Valley Mack Plaza | Sacramento, CA | Retail | $12.5M | 4.977% | Jun 2028 | 1.47x | 97% | Current |
| Ua Roseville | Roseville, CA | Retail | $11.3M | 5.15% | Sep 2028 | 1.25x | 100% | Current |
All loans maturing in 2028 · All Sacramento-Roseville-Folsom 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.