Self storage portfolio, 5 properties · Mead, Washington
Mead Individual Property
This portfolio is financed with a $17.6M CMBS loan at 4.28% that reaches maturity on October 6, 2030, in 3 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $17,550,027
- Original balance (same notes)
- $19,642,500
- Interest rate
- 4.28% fixed
- Originated
- September 24, 2020
- Maturity
- October 6, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 5, 2030
- Master servicer
- BSC Group, LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 14106 N Market Street, Mead, WA 99021
- Metro
- Spokane-Spokane Valley, WA
- Value at securitization
- $29.1M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $1.7M | $2.7M |
| Debt yield | 15.6% |
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 Benchmark 2020-B20 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Net operating income is 63% above the underwritten figure ($2.7M a year against $1.7M).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Mead Individual Property | Mead, WA | Self Storage | n/a | n/a |
| Franklin Individual Property | Meridian, ID | Self Storage | n/a | n/a |
| Boise Individual Property | Boise, ID | Self Storage | n/a | n/a |
| Fruitland Individual Property | Coeur d'Alene, ID | Self Storage | n/a | n/a |
| Pendleton Individual Property | Pendleton, OR | Self Storage | 94% | 2.36x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.6M | Current | No | n/a | n/a |
| August 2026 | $17.6M | Current | No | n/a | n/a |
| July 2026 | $17.6M | Current | No | n/a | n/a |
| June 2026 | $17.6M | Current | No | n/a | n/a |
| May 2026 | $17.7M | Current | No | n/a | n/a |
| April 2026 | $17.7M | Current | No | n/a | n/a |
| March 2026 | $17.7M | Current | No | n/a | n/a |
| February 2026 | $17.8M | Current | No | n/a | n/a |
| January 2026 | $17.8M | Current | No | n/a | n/a |
| December 2025 | $17.8M | Current | No | n/a | n/a |
| November 2025 | $17.9M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| October 2025 | $17.9M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| Benchmark 2020-B20 Mortgage Trust | 22 | $17,550,027 | Sep 2026 | SEC filing, September 28, 2026 |
Other Spokane-Spokane Valley loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| City Line - Spokane Valley | Spokane Valley, WA | Self storage | $8.7M | 6.45% | Jul 2030 | 0.95x | 78% | Current |
All loans maturing in 2030 · All Spokane-Spokane Valley 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.