Office · West Valley City, Utah
Lake Pointe Corporate Centre
Lake Pointe Corporate Centre is financed with a $25.3M CMBS loan at 2.966% that reaches maturity on September 11, 2031, in 4 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $25,300,000
- Original balance (same notes)
- $25,300,000
- Interest rate
- 2.966% fixed
- Originated
- August 12, 2021
- Maturity
- September 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 10, 2031
- 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
- 2850 & 2875 South Decker Lake Drive, West Valley City, UT 84119
- Metro
- Salt Lake City-Murray, UT
- Rentable area
- 182,121 sq ft
- Built
- 1995, renovated 2018
- Largest tenants
- EHealthcare Systems inc; Medical Review Institute of America; PROG Holdings FOundation Inc.
- Value at securitization
- $38.5M (Jul 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.75x | 1.78x |
| Occupancy | 97% | 50% |
| Net operating income (annualized from 6 months) | $2.9M | $1.4M |
| Debt yield | 5.4% |
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-BNK36 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
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 97% when the loan was securitized to 50%.
- Net operating income is 52% below the underwritten figure ($1.4M a year against $2.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.75x at securitization to 1.78x on the latest statements.
- The filing gives Oct 2026 as the lease end date for the largest tenant (EHealthcare Systems inc), 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 | $25.3M | Current | No | 1.78x | 50% |
| August 2026 | $25.3M | Current | No | 1.78x | 50% |
| July 2026 | $25.3M | Current | No | 1.67x | 50% |
| June 2026 | $25.3M | Current | No | 1.67x | 50% |
| May 2026 | $25.3M | Current | No | 1.81x | 50% |
| April 2026 | $25.3M | Current | No | 1.81x | 50% |
| March 2026 | $25.3M | Current | No | 1.74x | 57% |
| February 2026 | $25.3M | Current | No | 1.74x | 57% |
| January 2026 | $25.3M | Current | No | 1.74x | 57% |
| December 2025 | $25.3M | Current | No | 1.74x | 57% |
| November 2025 | $25.3M | Current | No | 1.73x | 56% |
| October 2025 | $25.3M | Current | No | 2.03x | 54% |
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-BNK36 | 15 | $25,300,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Salt Lake City-Murray loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vista Station 6 | Draper, UT | Office | $31.6M | 3.554% | Apr 2031 | 3.43x | 100% | Current |
| MAOB Office | Salt Lake City, UT | Office | $8.6M | 4.12% | Aug 2031 | 2.46x | 100% | Current |
| Independence Square | West Jordan, UT | Retail | $4.2M | 4.053% | Nov 2031 | 2.63x | 86% | Current |
All loans maturing in 2031 · All Salt Lake City-Murray 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.