Self storage · Hemet, California
Hemet Self Storage
Hemet Self Storage is financed with a $4.4M CMBS loan at 3.25% that reaches maturity on December 11, 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
- $4,400,000
- Original balance (same notes)
- $4,400,000
- Interest rate
- 3.25% fixed
- Originated
- December 1, 2020
- Maturity
- December 11, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 10, 2030
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1180 North State Street, Hemet, CA 92543
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 77,746 sq ft
- Units, rooms or beds
- 709
- Built
- 1985
- Value at securitization
- $8.0M (Oct 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.94x | 5.30x |
| Occupancy | 94% | 72% |
| Net operating income (annualized from 6 months) | $571K | $772K |
| Debt yield | 17.5% |
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.
- Occupancy down 10 points or more from securitization
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 94% when the loan was securitized to 72%.
- Net operating income is 35% above the underwritten figure ($772K a year against $571K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.94x at securitization to 5.30x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.4M | Current | No | 5.30x | 72% |
| August 2026 | $4.4M | Current | No | 5.30x | 72% |
| July 2026 | $4.4M | Current | No | 5.48x | 78% |
| June 2026 | $4.4M | Current | No | 5.48x | 78% |
| May 2026 | $4.4M | Current | No | 5.48x | 78% |
| April 2026 | $4.4M | Current | No | 5.50x | 81% |
| March 2026 | $4.4M | Current | No | 5.50x | 81% |
| February 2026 | $4.4M | Current | No | 5.50x | 81% |
| January 2026 | $4.4M | Current | No | 5.42x | 83% |
| December 2025 | $4.4M | Current | No | 5.42x | 83% |
| November 2025 | $4.4M | Current | No | 5.42x | 83% |
| October 2025 | $4.4M | Current | No | 5.55x | 84% |
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 | 39 | $4,400,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Haven Park | San Bernardino, CA | Multifamily | $34.0M | 5.884% | Dec 2030 | n/a | n/a | Current |
| Marketplace Beaumont | Beaumont, CA | Retail | $31.8M | 5.84% | Dec 2030 | 1.72x | 96% | Current |
| Oasis Palms Estates | San Bernardino, CA | Manufactured housing | $24.4M | 7.06% | Jun 2030 | n/a | n/a | Current |
| Fairway and Silver Creek Mobile Estates | Highland, CA | Manufactured housing | $19.0M | 5.98% | Oct 2030 | n/a | n/a | Current |
| Bel Villaggio | Temecula, CA | Retail | $16.2M | 3.57% | Feb 2030 | 3.22x | 81% | Current |
| Storquest Self Storage - Indio | Indio, CA | Self storage | $13.1M | 3.25% | Mar 2030 | 3.81x | 88% | Current |
| Hilton Garden Inn Fontana | Fontana, CA | Hotel | $12.7M | 4.365% | Feb 2030 | n/a | n/a | Current |
| Indio Towne Center | Indio, CA | Retail | $12.3M | 3.95% | Jan 2030 | 3.21x | 97% | Current |
All loans maturing in 2030 · All Riverside-San Bernardino-Ontario 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.