Office · New Orleans, Louisiana
Pan American Life Center
Pan American Life Center is financed with a $43.2M CMBS loan at 3.97% that reaches maturity on June 11, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $43,158,133
- Original balance (same notes)
- $49,800,000
- Interest rate
- 3.97% fixed
- Originated
- May 23, 2019
- Maturity
- June 11, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- December 10, 2028
- 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
- 601 Poydras Street, New Orleans, LA 70130
- Metro
- New Orleans-Metairie, LA
- Rentable area
- 669,529 sq ft
- Built
- 1980, renovated 2018
- Largest tenants
- Morris Bart L.L.C.; Pan-American Life In; First Horizon Bank
- Value at securitization
- $86.0M (Apr 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.91x | 1.70x |
| Occupancy | 79% | 80% |
| Net operating income (annualized from 3 months) | $6.0M | $5.4M |
| Debt yield | 12.5% |
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 2019-BNK20 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 10% below the underwritten figure ($5.4M a year against $6.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.91x at securitization to 1.70x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $43.2M | Current | No | 1.70x | 80% |
| August 2026 | $43.3M | Current | No | 1.70x | 80% |
| July 2026 | $43.4M | Current | No | 1.70x | 80% |
| June 2026 | $43.5M | Current | No | 1.70x | 80% |
| May 2026 | $43.6M | Current | No | 1.62x | 81% |
| April 2026 | $43.7M | Current | No | 1.62x | 81% |
| March 2026 | $43.8M | Current | No | 1.54x | 79% |
| February 2026 | $44.0M | Current | No | 1.54x | 79% |
| January 2026 | $44.1M | Current | No | 1.54x | 79% |
| December 2025 | $44.2M | Current | No | 1.54x | 79% |
| November 2025 | $44.3M | Current | No | 1.50x | 79% |
| October 2025 | $44.4M | Current | No | 1.50x | 79% |
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 2019-BNK20 | 6 | $43,158,133 | Sep 2026 | SEC filing, October 1, 2026 |
Other New Orleans-Metairie loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Intercontinental New Orleans | New Orleans, LA | Hotel | $185.0M | 4.958% | May 2029 | n/a | n/a | Current |
| Elmwood Shopping Center | Elmwood, LA | Retail | $85.0M | 6.60% | Jan 2029 | 2.50x | 96% | Current |
| Doubletree New Orleans | New Orleans, LA | Hotel | $74.0M | 3.833% | Dec 2029 | 0.99x | 65% | Current |
| Victory Louisiana Real Estate Portfolio | Metairie, LA | Retail | $34.0M | 7.195% | Mar 2029 | 1.76x | 100% | Current |
| Emerald Pointe Apartments, Harvey | Harvey, LA | Multifamily | $25.0M | 3.80% | Aug 2029 | 3.07x | 94% | Current |
| Marriott Metairie At Lakeway | Metairie, LA | Hotel | $14.9M | 4.55% | Jun 2029 | 3.04x | 70% | Current |
| Hotel St. Marie - New Orleans | New Orleans, LA | Hotel | $12.2M | 4.10% | Jul 2029 | 2.42x | 75% | Current |
| DH Holmes | New Orleans, LA | Multifamily | $9.5M | 7.952% | Aug 2029 | n/a | n/a | Current |
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.