Retail · Layton, Utah
Layton Crossing
Layton Crossing is financed with a $5.4M CMBS loan at 3.53% that reaches maturity on November 11, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,422,111
- Original balance (same notes)
- $6,000,000
- Interest rate
- 3.53% fixed
- Originated
- October 20, 2021
- Maturity
- November 11, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 10, 2031
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 730, 750, 820, and 842 North Main Street, Layton, UT 84041
- Metro
- Ogden, UT
- Rentable area
- 79,176 sq ft
- Built
- 1996, renovated 2011
- Largest tenants
- Office Depot; Petsmart; Deseret Books Company
- Value at securitization
- $10.6M (Jul 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.09x | 2.62x |
| Occupancy | 91% | 100% |
| Net operating income | $679K | $850K |
| Debt yield | 15.7% |
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-BNK38 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 risen from 91% when the loan was securitized to 100%.
- Net operating income is 25% above the underwritten figure ($850K a year against $679K).
- Debt service coverage moved from 2.09x at securitization to 2.62x on the latest statements.
- The filing gives Dec 2030 as the lease end date for the largest tenant (Office Depot), 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 | $5.4M | Current | No | 2.62x | 100% |
| August 2026 | $5.4M | Current | No | 2.62x | 100% |
| July 2026 | $5.4M | Current | No | 2.62x | 100% |
| June 2026 | $5.5M | Current | No | 2.62x | 100% |
| May 2026 | $5.5M | Current | No | 2.62x | 100% |
| April 2026 | $5.5M | Current | No | 2.62x | 100% |
| March 2026 | $5.5M | Current | No | 2.62x | 100% |
| February 2026 | $5.5M | Current | No | 2.50x | 100% |
| January 2026 | $5.5M | Current | No | 2.50x | 100% |
| December 2025 | $5.5M | Current | No | 2.61x | 100% |
| November 2025 | $5.5M | Current | No | 2.61x | 100% |
| October 2025 | $5.5M | Current | No | 2.61x | 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 |
|---|---|---|---|---|
| BANK 2021-BNK38 | 34 | $5,422,111 | Sep 2026 | SEC filing, October 1, 2026 |
Other Ogden loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Beehive Self Storage | Ogden, UT | Self storage | $7.5M | 3.43% | Dec 2031 | n/a | n/a | Current |
| Park Avenue Apartments | Ogden, UT | Multifamily | $5.2M | 3.33% | May 2031 | 3.33x | 88% | 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.