Multifamily · San Bernardino, California
Mountain Gate
Mountain Gate is financed with a $2.3M CMBS loan at 4.269% that reaches maturity on November 6, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $2,296,921
- Original balance (same notes)
- $2,850,000
- Interest rate
- 4.269% fixed
- Originated
- October 11, 2016
- Maturity
- November 6, 2026
- Payments
- Amortizing over 30 years
- Master servicer
- Trimont LLC
- Originator
- Barclays
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred October 24, 2024
- Workout strategy
- Full Payoff
- Defeasance
- None reported
The property
- Address
- 4575 Little Mountain Drive, San Bernardino, CA 92407
- Metro
- Riverside-San Bernardino-Ontario, CA
- Units, rooms or beds
- 44
- Built
- 1985
- Value at securitization
- $4.0M (Apr 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.52x | 2.73x |
| Occupancy | 98% | 100% |
| Net operating income | $256K | $460K |
| Debt yield | 20.0% |
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 2016-C37 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Matures within 12 months
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
- Net operating income is 80% above the underwritten figure ($460K a year against $256K).
- Debt service coverage moved from 1.52x at securitization to 2.73x on the latest statements.
- The most recent valuation in the filing is $8.3M (November 6, 2025), against $4.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.3M | Current | Yes | 2.73x | 100% |
| August 2026 | $2.3M | Current | Yes | 2.93x | 100% |
| July 2026 | $2.3M | Current | Yes | 2.93x | 100% |
| June 2026 | $2.3M | Current | Yes | 2.93x | 100% |
| May 2026 | $2.3M | Current | Yes | 2.84x | 98% |
| April 2026 | $2.3M | Current | Yes | 2.84x | 98% |
| March 2026 | $2.3M | Current | Yes | 2.19x | 100% |
| February 2026 | $2.3M | Late payment but less than 30 days delinquent | Yes | 2.19x | 100% |
| January 2026 | $2.3M | Current | Yes | 2.19x | 100% |
| December 2025 | $2.3M | Current | Yes | 2.67x | 96% |
| November 2025 | $2.4M | Current | Yes | 2.67x | 96% |
| October 2025 | $2.4M | Current | Yes | 2.67x | 96% |
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.
Special-servicing history
- Transferred to the special servicer October 24, 2024, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2016-C37 | 55 | $2,296,921 | Sep 2026 | SEC filing, September 29, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Club Royale Apartments | Rialto, CA | Multifamily | $22.4M | 4.269% | Nov 2026 | 2.57x | 98% | With the special servicer |
| Gene Autry Plaza | Palm Springs, CA | Retail | $13.0M | 3.99% | Oct 2026 | 2.00x | n/a | Current |
| Casa Del Sol (sierra Springs) | San Bernardino, CA | Multifamily | $9.0M | 4.269% | Nov 2026 | 3.67x | 97% | With the special servicer |
| Dunia Plaza | Victorville, CA | Retail | $7.4M | 4.54% | Nov 2026 | 1.51x | 100% | Current |
| Hampton Inn Banning Beaumont | Banning, CA | Hotel | $5.3M | 4.637% | Dec 2026 | 1.74x | 68% | Current |
| Suntree | Rialto, CA | Multifamily | $2.9M | 4.269% | Nov 2026 | 1.63x | 78% | With the special servicer |
| Central Park East | Redlands, CA | Multifamily | $2.6M | 4.269% | Nov 2026 | n/a | n/a | With the special servicer |
All loans maturing in 2026 · All Riverside-San Bernardino-Ontario 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.