Mixed use · Petaluma, California
Lakeville and Marina
Lakeville and Marina is financed with a $7.0M CMBS loan at 4.60% that reaches maturity on January 11, 2028, in 14 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,011,237
- Original balance (same notes)
- $7,930,000
- Interest rate
- 4.60% fixed
- Originated
- December 19, 2017
- Maturity
- January 11, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- September 10, 2027
- 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
- 2080 Lakeville Highway, Petaluma, CA 94954
- Metro
- Santa Rosa-Petaluma, CA
- Rentable area
- 72,157 sq ft
- Built
- 1999
- Largest tenants
- Stemple Creek Meat Company Inc.; TOMALES BAY FOODS INC.; THE LEGACY ALLIANCE INC.
- Value at securitization
- $11.9M (Nov 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.65x | 0.65x |
| Occupancy | 100% | 18% |
| Net operating income (annualized from 6 months) | $805K | $320K |
| Debt yield | 4.6% |
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 Wells Fargo Commercial Mortgage Trust 2018-C43 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since September 2026.
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 100% when the loan was securitized to 18%.
- Net operating income is 60% below the underwritten figure ($320K a year against $805K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.65x at securitization to 0.65x on the latest statements.
- At 0.65x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.0M | Current | No | 0.65x | 18% |
| August 2026 | $7.0M | Current | No | 2.40x | 66% |
| July 2026 | $7.0M | Current | No | 2.40x | 66% |
| June 2026 | $7.1M | Current | No | 2.40x | 66% |
| May 2026 | $7.1M | Current | No | 2.40x | 66% |
| April 2026 | $7.1M | Current | No | 2.37x | 82% |
| March 2026 | $7.1M | Current | No | 2.37x | 82% |
| February 2026 | $7.1M | Current | No | 2.37x | 82% |
| January 2026 | $7.1M | Current | No | 2.33x | 100% |
| December 2025 | $7.1M | Current | No | 2.33x | 100% |
| November 2025 | $7.1M | Current | No | 2.31x | 100% |
| October 2025 | $7.2M | Current | No | 2.31x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C43 | 27 | $7,011,237 | Sep 2026 | SEC filing, September 29, 2026 |
Other Santa Rosa-Petaluma loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Rohnert Park Center | Rohnert Park, CA | Retail | $9.6M | 5.12% | Jun 2028 | 1.72x | 46% | With the special servicer and 90+ days delinquent |
| 2222-2226 Cleveland Avenue | Santa Rosa, CA | Retail | $7.5M | 3.863% | Jan 2028 | 2.99x | 100% | Current |
| StoragePro Self Storage | Santa Rosa, CA | Self storage | $6.0M | 4.975% | Dec 2028 | n/a | n/a | Current |
| Fountaingrove Executive Center | Santa Rosa, CA | Office | $5.2M | 4.60% | Apr 2028 | 1.03x | 74% | 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.