Retail · Madera, California
Howard Park Plaza- Ca
Howard Park Plaza- Ca is financed with a $4.2M CMBS loan at 4.84% that reaches maturity on February 11, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,176,815
- Original balance (same notes)
- $4,800,000
- Interest rate
- 4.84% fixed
- Originated
- February 1, 2019
- Maturity
- February 11, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 10, 2028
- 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
- 1504 and 1628 Howard Road, Madera, CA 93637
- Metro
- Fresno, CA
- Rentable area
- 98,546 sq ft
- Built
- 1972, renovated 1992
- Largest tenants
- Save Mart; Second Generation Furniture; The Dojo Valdez Karate & Fitness
- Value at securitization
- $8.7M (Nov 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.20x | 1.38x |
| Occupancy | 98% | 90% |
| Net operating income (annualized from 3 months) | $667K | $424K |
| Debt yield | 10.1% |
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 Wells Fargo Commercial Mortgage Trust 2019-C49 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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 98% when the loan was securitized to 90%.
- Net operating income is 37% below the underwritten figure ($424K a year against $667K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.20x at securitization to 1.38x on the latest statements.
- The filing gives Nov 2027 as the lease end date for the largest tenant (Save Mart), 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 | $4.2M | Current | No | 1.38x | 90% |
| August 2026 | $4.2M | Current | No | 1.38x | 90% |
| July 2026 | $4.2M | Current | No | 1.38x | 90% |
| June 2026 | $4.2M | Current | No | 1.38x | 90% |
| May 2026 | $4.2M | Current | No | 1.38x | 90% |
| April 2026 | $4.2M | Current | No | 1.98x | 89% |
| March 2026 | $4.2M | Current | No | 2.21x | 89% |
| February 2026 | $4.2M | Current | No | 2.21x | 89% |
| January 2026 | $4.2M | Current | No | 2.21x | 89% |
| December 2025 | $4.2M | Current | No | 2.21x | 89% |
| November 2025 | $4.3M | Current | No | 2.21x | 89% |
| October 2025 | $4.3M | Current | No | 2.42x | 89% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C49 | 51 | $4,176,815 | Sep 2026 | SEC filing, September 29, 2026 |
Other Fresno loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Crossroads Shopping Center - Madera | Madera, CA | Retail | $12.3M | 4.43% | May 2029 | 2.75x | 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.