Self storage · Kamas, Utah
Park City Self Storage Ut
Park City Self Storage Ut is financed with a $9.8M CMBS loan at 3.27% that reaches maturity on September 11, 2031, in 4 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,750,000
- Original balance (same notes)
- $9,750,000
- Interest rate
- 3.27% fixed
- Originated
- August 26, 2021
- Maturity
- September 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 10, 2031
- 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
- 1240 West Richardson Flat Road, Kamas, UT 84036
- Rentable area
- 80,505 sq ft
- Units, rooms or beds
- 672
- Built
- 2019
- Value at securitization
- $20.0M (Jul 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.65x | 2.92x |
| Occupancy | 80% | 91% |
| Net operating income (annualized from 6 months) | $858K | $950K |
| Debt yield | 9.7% |
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 2021-BNK36 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
- Occupancy has risen from 80% when the loan was securitized to 91%.
- Net operating income is 11% above the underwritten figure ($950K a year against $858K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.65x at securitization to 2.92x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.8M | Current | No | 2.92x | 91% |
| August 2026 | $9.8M | Current | No | 2.92x | 91% |
| July 2026 | $9.8M | Current | No | 2.97x | 91% |
| June 2026 | $9.8M | Current | No | 2.97x | 91% |
| May 2026 | $9.8M | Current | No | 3.00x | 91% |
| April 2026 | $9.8M | Current | No | 3.00x | 91% |
| March 2026 | $9.8M | Current | No | 3.00x | 91% |
| February 2026 | $9.8M | Current | No | 3.00x | 91% |
| January 2026 | $9.8M | Current | No | 3.00x | 91% |
| December 2025 | $9.8M | Current | No | 3.00x | 91% |
| November 2025 | $9.8M | Current | No | 2.88x | 91% |
| October 2025 | $9.8M | Current | No | 2.98x | 89% |
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 2021-BNK36 | 35 | $9,750,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Utah loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vista Station 6 | Draper, UT | Office | $31.6M | 3.554% | Apr 2031 | 3.43x | 100% | Current |
| Courtside Apartments | Orem, UT | Multifamily | $26.7M | 3.99% | Dec 2031 | 1.88x | 100% | Current |
| Lake Pointe Corporate Centre | West Valley City, UT | Office | $25.3M | 2.966% | Sep 2031 | 1.78x | 50% | Current |
| 605 Place Student Housing | St. George, UT | Multifamily | $20.8M | 3.40% | Aug 2031 | 2.71x | 73% | Current |
| Sorrel River Ranch | Moab, UT | Hotel | $19.0M | 4.018% | Nov 2031 | 1.87x | 25% | Late, less than 30 days |
| Raymond Center | Logan, UT | Retail | $16.8M | 6.61% | Mar 2031 | n/a | n/a | Current |
| Urban Grove | Pleasant Grove, UT | Office | $16.0M | 3.575% | Jul 2031 | 2.72x | 100% | Current |
| Zions Bank | Provo, UT | Office | $13.6M | 3.20% | Sep 2031 | -1.35x | 45% | Late, less than 30 days |
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.