Office · Carmel, Indiana
Old Meridian Professional Center
Old Meridian Professional Center is financed with a $4.9M CMBS loan at 3.90% that reaches maturity on July 6, 2030, in 3 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,935,531
- Original balance (same notes)
- $5,600,000
- Interest rate
- 3.90% fixed
- Originated
- July 9, 2020
- Maturity
- July 6, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- September 5, 2022
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 12425 Old Meridian Street and 1185 West Carmel Drive, Carmel, IN 46032
- Metro
- Indianapolis-Carmel-Greenwood, IN
- Rentable area
- 39,575 sq ft
- Built
- 1999
- Largest tenants
- St. Vincent Hosp & Health Care Centers Inc; St. Vincent Pediatric Center; Pure Pharmacy
- Value at securitization
- $8.0M (Mar 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.05x | 2.47x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $650K | $789K |
| Debt yield | 16.0% |
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 2020-C57 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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 21% above the underwritten figure ($789K a year against $650K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.05x at securitization to 2.47x on the latest statements.
- The filing gives Apr 2027 as the lease end date for the largest tenant (St. Vincent Hosp & Health Care Centers Inc), 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 | $4.9M | Current | No | 2.47x | 100% |
| August 2026 | $4.9M | Current | No | 2.64x | 100% |
| July 2026 | $5.0M | Current | No | 2.64x | 100% |
| June 2026 | $5.0M | Current | No | 2.64x | 100% |
| May 2026 | $5.0M | Current | No | 2.40x | 100% |
| April 2026 | $5.0M | Current | No | 2.40x | 100% |
| March 2026 | $5.0M | Current | No | 2.40x | 100% |
| February 2026 | $5.0M | Current | No | 2.40x | 100% |
| January 2026 | $5.0M | Current | No | 2.38x | 100% |
| December 2025 | $5.0M | Current | No | 2.38x | 100% |
| November 2025 | $5.0M | Current | No | 2.38x | 100% |
| October 2025 | $5.0M | Current | No | 2.40x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2020-C57 | 29 | $4,935,531 | Sep 2026 | SEC filing, September 29, 2026 |
Other Indianapolis-Carmel-Greenwood loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Silverstone | Indianapolis, IN | Manufactured housing | $61.5M | 7.019% | Jan 2030 | n/a | n/a | Current |
| The Depot at Nickel Plate | Fishers, IN | Multifamily | $36.5M | 6.24% | Sep 2030 | n/a | n/a | Current |
| Landings I & II | Indianapolis, IN | Office | $24.0M | 6.65% | Oct 2030 | 1.77x | 92% | Current |
| RISE Noblesville | Noblesville, IN | Self storage | $12.5M | 6.77% | Jun 2030 | n/a | n/a | Current |
| Holiday Inn Indianapolis Airport Area - N | Indianapolis, IN | Hotel | $9.7M | 8.60% | Jun 2030 | n/a | n/a | Current |
| Cool Creek Village | Carmel, IN | Mixed use | $4.4M | 3.65% | Mar 2030 | 4.16x | 94% | Current |
| Plainfield Commons Ii | Plainfield, IN | Retail | $3.7M | 4.035% | Nov 2030 | 2.22x | 100% | Current |
All loans maturing in 2030 · All Indianapolis-Carmel-Greenwood 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.