Office · Reno, Nevada
Park Center Tower
Park Center Tower is financed with a $18.3M CMBS loan at 5.365% that reaches maturity on November 11, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $18,315,275
- Original balance (same notes)
- $20,900,000
- Interest rate
- 5.365% fixed
- Originated
- November 6, 2018
- Maturity
- November 11, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 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
- 300 East 2nd Street, Reno, NV 89501
- Metro
- Reno, NV
- Rentable area
- 138,188 sq ft
- Built
- 1981
- Largest tenants
- L/P INSURANCE; RGN-RENO III LLC; Nat'l Council Juvenile &Family
- Value at securitization
- $31.2M (Sep 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.52x | 1.43x |
| Occupancy | 92% | 94% |
| Net operating income (annualized from 6 months) | $2.1M | $2.0M |
| Debt yield | 11.0% |
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 BANK 2019-BNK16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 5% below the underwritten figure ($2.0M a year against $2.1M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $18.3M | Current | No | 1.43x | 94% |
| August 2026 | $18.3M | Current | No | 1.54x | 96% |
| July 2026 | $18.4M | Current | No | 1.54x | 96% |
| June 2026 | $18.4M | Current | No | 1.54x | 96% |
| May 2026 | $18.4M | Current | No | 1.54x | 96% |
| April 2026 | $17.3M | Current | No | 1.44x | 100% |
| March 2026 | $18.5M | Current | No | 1.54x | 96% |
| February 2026 | $18.6M | Current | No | 1.89x | 93% |
| January 2026 | $18.6M | Current | No | 1.89x | 93% |
| December 2025 | $18.6M | Current | No | 1.89x | 93% |
| November 2025 | $18.6M | Current | No | 1.77x | 96% |
| October 2025 | $18.7M | Current | No | 1.77x | 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 June 27, 2022, returned to the master servicer October 30, 2023.
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 |
|---|---|---|---|---|
| BANK 2019-BNK16 | 14 | $18,315,275 | Sep 2026 | SEC filing, September 29, 2026 |
Other Reno loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Commons, Reno | Reno, NV | Retail | $19.2M | 4.555% | Jul 2028 | 1.92x | 99% | Current |
| Smithridge Plaza | Reno, NV | Retail | $17.4M | 4.951% | Jun 2028 | 1.98x | 89% | Current |
| Airport Square - Nv | Reno, NV | Retail | $16.2M | 4.855% | Sep 2028 | 3.13x | 99% | Current |
| Mira Loma Shopping Center | Reno, NV | Retail | $10.5M | 5.08% | Apr 2028 | n/a | n/a | Current |
| Spanish Springs Shopping Center | Sparks, NV | Retail | $6.5M | 5.04% | Dec 2028 | 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.