Office · Austin, Texas
Met Center 15
Met Center 15 is financed with a $28.3M CMBS loan at 3.612% that reaches maturity on March 6, 2030, in 3 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $28,280,546
- Original balance (same notes)
- $31,000,000
- Interest rate
- 3.612% fixed
- Originated
- February 14, 2020
- Maturity
- March 6, 2030
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- December 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7301 Metro Center Drive, Austin, TX 78744
- Metro
- Austin-Round Rock-San Marcos, TX
- Rentable area
- 257,600 sq ft
- Built
- 2001
- Largest tenants
- Tokyo Electron U.S Holdings; Werner Co; Cogent Communications Inc.
- Value at securitization
- $53.5M (Nov 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.33x | 0.88x |
| Occupancy | 100% | 69% |
| Net operating income (annualized from 3 months) | $3.9M | $1.5M |
| 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 Wells Fargo Commercial Mortgage Trust 2020-C56 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 all 12 monthly reports we hold (October 2025 to 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 69%.
- Net operating income is 62% below the underwritten figure ($1.5M a year against $3.9M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.33x at securitization to 0.88x on the latest statements.
- At 0.88x, 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 | $28.3M | Current | No | 0.88x | 69% |
| August 2026 | $28.3M | Current | No | 0.88x | 69% |
| July 2026 | $28.4M | Current | No | 0.88x | 69% |
| June 2026 | $28.4M | Current | No | 0.88x | 69% |
| May 2026 | $28.5M | Current | No | -0.25x | 52% |
| April 2026 | $28.5M | Current | No | -0.25x | 52% |
| March 2026 | $28.6M | Current | No | -0.25x | 52% |
| February 2026 | $28.7M | Current | No | -0.25x | 52% |
| January 2026 | $28.7M | Current | No | -0.25x | 52% |
| December 2025 | $28.8M | Current | No | -0.25x | 52% |
| November 2025 | $28.8M | Current | No | -0.25x | 52% |
| October 2025 | $28.9M | Current | No | -0.73x | 52% |
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 2020-C56 | 9 | $28,280,546 | Sep 2026 | SEC filing, September 29, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| MetCreative Buildings C & D | Austin, TX | Industrial | $40.0M | 5.136% | Feb 2030 | 2.02x | 100% | Current |
| Lone Star Court | Austin, TX | Hotel | $20.0M | 3.49% | Feb 2030 | n/a | n/a | Current |
| Sonterra Townhomes & Apartments | Jarrell, TX | Multifamily | $16.2M | 3.909% | Feb 2030 | 1.55x | 77% | Current |
| Twin Fountains Plaza | Austin, TX | Retail | $7.8M | 4.12% | Jan 2030 | 3.36x | 100% | Current |
| Summit Park a | Austin, TX | Industrial | $5.4M | 3.699% | Jan 2030 | 3.97x | 94% | Current |
All loans maturing in 2030 · All Austin-Round Rock-San Marcos 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.