Office · San Francisco, California
Park Tower at Transbay
Public CMBS trusts hold $435.0M of the loan on Park Tower at Transbay at 3.45% that reaches maturity on August 1, 2034, in 7 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $435,000,000
- Original balance (same notes)
- $435,000,000
- Interest rate
- 3.45% fixed
- Originated
- July 23, 2019
- Maturity
- August 1, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 31, 2021
- Prepayment premium ends
- January 31, 2029 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 250 Howard Street, San Francisco, CA 94105
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 764,659 sq ft
- Built
- 2018
- Largest tenants
- Meta Platforms Inc.; Meta Platforms Inc.; FITCAL01 LLC
- Value at securitization
- $1.1B (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.93x | 3.43x |
| Occupancy | 99% | 99% |
| Net operating income (annualized from 6 months) | $56.4M | $66.4M |
| Debt yield | 15.3% |
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-BNK21 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 18% above the underwritten figure ($66.4M a year against $56.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.93x at securitization to 3.43x on the latest statements.
- The filing gives Feb 2034 as the lease end date for the largest tenant (Meta Platforms 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 | $435.0M | Current | No | 3.43x | 99% |
| August 2026 | $435.0M | Current | No | 3.14x | 99% |
| July 2026 | $435.0M | Current | No | 3.14x | 99% |
| June 2026 | $435.0M | Current | No | 2.95x | 99% |
| May 2026 | $435.0M | Current | No | 2.95x | 99% |
| April 2026 | $435.0M | Current | No | 2.95x | 99% |
| March 2026 | $435.0M | Current | No | 2.95x | 99% |
| February 2026 | $435.0M | Current | No | 2.95x | 99% |
| January 2026 | $435.0M | Current | No | 2.95x | 99% |
| December 2025 | $435.0M | Current | No | 2.95x | 99% |
| November 2025 | $435.0M | Current | No | 3.47x | 99% |
| October 2025 | $435.0M | Current | No | 3.47x | 99% |
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
The loan is split into 7 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2019-BNK20 | 1 | $100,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2019-BNK21 | 1 | $100,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2019-BNK23 | 3 | $100,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2019-BNK24 | 9 | $50,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2020-BNK25 | 11 | $50,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2019-BNK20 | 1A | $20,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2019-BNK21 | 1A | $15,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Visa Global Hq, San Francisco (2034 maturity), loan 4 in BANK 2024-BNK48 | San Francisco, CA | Office | $168.0M | 5.506% | Sep 2034 | 1.97x | 98% | Current |
| 47071 Bayside Parkway | Fremont, CA | Office | $57.0M | 6.864% | Jun 2034 | n/a | n/a | Current |
| VISA Global HQ, San Francisco (2034 maturity), loan 6 in BANK 2025-BNK49 | San Francisco, CA | Office | $55.0M | 5.506% | Sep 2034 | 1.97x | 98% | Current |
| Tan Central Park Retail | San Mateo, CA | Retail | $14.0M | 6.55% | Jun 2034 | 2.77x | 100% | Current |
| Uovo Livermore | Livermore, CA | Self storage | $9.5M | 6.48% | Mar 2034 | 1.91x | 100% | 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.