Office · Roseburg, Oregon
Harvard West (roseburg Dhs Office)
Harvard West (roseburg Dhs Office) is financed with a $18.0M CMBS loan at 3.22% that reaches maturity on December 1, 2030, in 4 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $18,000,000
- Original balance (same notes)
- $18,000,000
- Interest rate
- 3.22% fixed
- Originated
- November 13, 2020
- Maturity
- December 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 31, 2030
- 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
- 738 West Harvard Avenue, Roseburg, OR 97471
- Rentable area
- 80,798 sq ft
- Built
- 1979, renovated 2016
- Largest tenants
- State of Oregon
- Value at securitization
- $27.3M (Sep 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.08x | 2.85x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.8M | $1.7M |
| Debt yield | 9.3% |
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 2021-BNK31 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% below the underwritten figure ($1.7M a year against $1.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.08x at securitization to 2.85x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $18.0M | Current | No | 2.85x | 100% |
| August 2026 | $18.0M | Current | No | 2.88x | 100% |
| July 2026 | $18.0M | Current | No | 2.88x | 100% |
| June 2026 | $18.0M | Current | No | 2.88x | 100% |
| May 2026 | $18.0M | Current | No | 2.88x | 100% |
| April 2026 | $18.0M | Current | No | 2.81x | 100% |
| March 2026 | $18.0M | Current | No | 2.81x | 100% |
| February 2026 | $18.0M | Current | No | 2.84x | 100% |
| January 2026 | $18.0M | Current | No | 2.84x | 100% |
| December 2025 | $18.0M | Current | No | 2.84x | 100% |
| November 2025 | $18.0M | Current | No | 2.84x | 100% |
| October 2025 | $18.0M | Current | No | 2.94x | 100% |
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 2021-BNK31 | 15 | $18,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Oregon loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Glen Creek | Salem, OR | Self storage | $18.7M | 6.716% | Jan 2030 | n/a | n/a | Current |
| Roseburg Valley Marketplace | Roseburg, OR | Retail | $17.5M | 3.514% | Feb 2030 | 2.07x | 91% | Current |
| King City SV | King City, OR | Multifamily | $13.2M | 3.03% | Sep 2030 | n/a | n/a | Current |
| Cornerstone Apartments, Portland | Portland, OR | Multifamily | $12.7M | 6.382% | Feb 2030 | 0.79x | 72% | Current |
| 6410 Halsey | Portland, OR | Mixed use | $10.9M | 3.908% | Jan 2030 | 1.77x | 100% | Current |
| All Secure Mini Storage | Albany, OR | Self storage | $8.7M | 6.84% | May 2030 | 1.42x | 79% | Current |
| 228 Ne Broadway | Portland, OR | Self storage | $7.4M | 5.85% | Sep 2030 | 1.58x | 100% | Current |
| 54 Woodstock | Portland, OR | Multifamily | $5.5M | 4.19% | Jan 2030 | 1.31x | 92% | 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.