Retail · Pell City, Alabama
Pell City Shopping Center
Pell City Shopping Center is financed with a $7.6M CMBS loan at 3.99% that reaches maturity on January 6, 2030, in 3 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,574,558
- Original balance (same notes)
- $7,800,000
- Interest rate
- 3.99% fixed
- Originated
- December 27, 2019
- Maturity
- January 6, 2030
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1015 Martin Street South, Pell City, AL 35128
- Metro
- Birmingham, AL
- Rentable area
- 159,205 sq ft
- Built
- 1993
- Largest tenants
- Martin's Family Clothing; Fourth Avenue Supermarket, Inc.; Vapor Thrift Store, LLC
- Value at securitization
- $12.0M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.01x | 1.96x |
| Occupancy | 99% | 100% |
| Net operating income (annualized from 6 months) | $896K | $1.8M |
| Debt yield | 23.3% |
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 Benchmark 2020-B20 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 97% above the underwritten figure ($1.8M a year against $896K; the latest statement covers 6 months, annualized).
- The filing gives Dec 2027 as the lease end date for the largest tenant (Martin's Family Clothing), 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 | $7.6M | Current | No | 1.96x | 100% |
| August 2026 | $7.6M | Current | No | n/a | n/a |
| July 2026 | $7.6M | Current | No | n/a | n/a |
| June 2026 | $7.6M | Current | No | n/a | n/a |
| May 2026 | $7.6M | Current | No | n/a | n/a |
| April 2026 | $7.6M | Current | No | 1.49x | 94% |
| March 2026 | $7.6M | Current | No | 1.49x | 94% |
| February 2026 | $7.7M | Current | No | 1.49x | 94% |
| January 2026 | $7.7M | Current | No | 1.49x | 94% |
| December 2025 | $7.7M | Current | No | 1.49x | 94% |
| November 2025 | $7.7M | Current | No | 1.44x | 94% |
| October 2025 | $7.7M | Current | No | 1.44x | 94% |
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 |
|---|---|---|---|---|
| Benchmark 2020-B20 Mortgage Trust | 27 | $7,574,558 | Sep 2026 | SEC filing, September 28, 2026 |
Other Birmingham loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Bass Pro - Birmingham | Leeds, AL | Retail | $11.5M | 4.645% | Feb 2030 | 1.51x | 100% | Current |
| Breckenridge Apartments | Birmingham, AL | Multifamily | $11.0M | 6.42% | Mar 2030 | 1.60x | 92% | Current |
| Hilton Garden Inn Birmingham/Lakeshore Drive | Birmingham, AL | Hotel | $8.8M | 7.86% | Dec 2030 | 1.65x | 72% | Current |
| The Storage Place Portfolio | AL | Self storage | $6.1M | 6.56% | Oct 2030 | 1.48x | 90% | 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.