Retail · Los Osos, California
Los Osos Shopping Center
Los Osos Shopping Center is financed with a $12.0M CMBS loan at 3.17% that reaches maturity on August 11, 2031, in 4 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,000,000
- Original balance (same notes)
- $12,000,000
- Interest rate
- 3.17% fixed
- Originated
- July 14, 2021
- Maturity
- August 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 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
- 1002-1130 Los Osos Valley Road and 1155 Los Olivos Avenue, Los Osos, CA 93402
- Metro
- San Luis Obispo-Paso Robles, CA
- Rentable area
- 93,302 sq ft
- Built
- 1966
- Largest tenants
- Miner's Ace Hardware; GROCERY OUTLET; Rite Aid
- Value at securitization
- $20.3M (Jun 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 3.28x | 2.68x |
| Occupancy | 90% | 82% |
| Net operating income | $1.3M | $1.0M |
| Debt yield | 8.6% |
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 BANK 2021-BNK37 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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 90% when the loan was securitized to 82%.
- Net operating income is 18% below the underwritten figure ($1.0M a year against $1.3M).
- Debt service coverage moved from 3.28x at securitization to 2.68x on the latest statements.
- The filing gives Oct 2030 as the lease end date for the largest tenant (Miner's Ace Hardware), 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 | $12.0M | Current | No | 2.68x | 82% |
| August 2026 | $12.0M | Current | No | 2.68x | 82% |
| July 2026 | $12.0M | Current | No | 2.68x | 82% |
| June 2026 | $12.0M | Current | No | 2.68x | 82% |
| May 2026 | $12.0M | Current | No | 2.68x | 82% |
| April 2026 | $12.0M | Current | No | 2.68x | 82% |
| March 2026 | $12.0M | Current | No | 2.68x | 82% |
| February 2026 | $12.0M | Current | No | 3.07x | 97% |
| January 2026 | $12.0M | Current | No | 3.07x | 97% |
| December 2025 | $12.0M | Current | No | 3.07x | 97% |
| November 2025 | $12.0M | Current | No | 3.07x | 97% |
| October 2025 | $12.0M | Current | No | 3.07x | 97% |
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-BNK37 | 30 | $12,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Luis Obispo-Paso Robles loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Madonna Plaza | San Luis Obispo, CA | Retail | $44.4M | 4.36% | Dec 2031 | 1.05x | 70% | Current |
| Embassy Suites - San Luis Obispo | San Luis Obispo, CA | Hotel | $30.5M | 7.193% | Jan 2031 | 1.44x | 85% | Current |
All loans maturing in 2031 · All San Luis Obispo-Paso Robles 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.