Self storage · Vancouver, Washington
Iron Gate Mega Storage
Iron Gate Mega Storage is financed with a $10.0M CMBS loan at 3.038% that reaches maturity on January 6, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,000,000
- Original balance (same notes)
- $10,000,000
- Interest rate
- 3.038% fixed
- Originated
- December 30, 2020
- Maturity
- January 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ended
- February 5, 2023
- Prepayment premium ends
- October 5, 2030 (yield maintenance)
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 7920 NE 117th Ave, Vancouver, WA 98662
- Metro
- Portland-Vancouver-Hillsboro, OR-WA
- Units, rooms or beds
- 802
- Built
- 1999
- Value at securitization
- $17.4M (Nov 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.24x | 4.14x |
| Occupancy | 96% | 83% |
| Net operating income (annualized from 6 months) | $999K | $2.6M |
| Debt yield | 25.6% |
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 CSAIL 2021-C20 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 96% when the loan was securitized to 83%.
- Net operating income is 157% above the underwritten figure ($2.6M a year against $999K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.24x at securitization to 4.14x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.0M | Current | No | 4.14x | 83% |
| August 2026 | $10.0M | Current | No | n/a | n/a |
| July 2026 | $10.0M | Current | No | n/a | n/a |
| June 2026 | $10.0M | Current | No | n/a | n/a |
| May 2026 | $10.0M | Current | No | n/a | n/a |
| April 2026 | $10.0M | Current | No | 3.94x | 86% |
| March 2026 | $10.0M | Current | No | 3.94x | 86% |
| February 2026 | $10.0M | Current | No | 3.98x | 85% |
| January 2026 | $10.0M | Current | No | 3.98x | 85% |
| December 2025 | $10.0M | Current | No | 3.98x | 85% |
| November 2025 | $10.0M | Current | No | 3.98x | 85% |
| October 2025 | $10.0M | Current | No | 3.97x | 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 |
|---|---|---|---|---|
| CSAIL 2021-C20 Commercial Mortgage Trust | 25 | $10,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Portland-Vancouver-Hillsboro loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Pittock Block | Portland, OR | Mixed use | $141.0M | 3.299% | Jan 2031 | 5.54x | 32% | Current |
| Clackamas Town Center | Happy Valley, OR | Retail | $97.0M | 6.96% | Sep 2031 | n/a | n/a | Current |
| Parkworks Industry Center | Wilsonville, OR | Industrial | $64.8M | 3.502% | Dec 2031 | 2.76x | 88% | Current |
| Nyberg Portfolio - Rivers | Portland, OR | Retail | $63.9M | 3.641% | Dec 2031 | n/a | n/a | Current |
| Residences at Arnada | Vancouver, WA | Multifamily | $15.0M | 6.10% | May 2031 | n/a | n/a | Current |
| Brookside Apartments | Gresham, OR | Multifamily | $13.8M | 6.812% | Oct 2031 | n/a | n/a | Current |
| Orchard Market Place | Vancouver, WA | Retail | $12.5M | 3.15% | Oct 2031 | 3.84x | 73% | Current |
| The Hanna Building | Portland, OR | Office | $10.8M | 6.722% | Jun 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Portland-Vancouver-Hillsboro 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.