Multifamily · Kansas City, Kansas
Piper Townhomes
Piper Townhomes is financed with a $7.8M CMBS loan at 3.788% that reaches maturity on December 1, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,830,605
- Original balance (same notes)
- $8,610,000
- Interest rate
- 3.788% fixed
- Originated
- November 6, 2019
- Maturity
- December 1, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- August 31, 2029
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 10544 Clubhouse Drive, Kansas City, KS 66109
- Metro
- Kansas City, MO-KS
- Units, rooms or beds
- 80
- Built
- 2013
- Value at securitization
- $11.5M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.70x | 1.83x |
| Occupancy | 96% | 95% |
| Net operating income (annualized from 6 months) | $817K | $888K |
| Debt yield | 11.3% |
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 2020-BNK25 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 9% above the underwritten figure ($888K a year against $817K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.70x at securitization to 1.83x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.8M | Current | No | 1.83x | 95% |
| August 2026 | $7.8M | Current | No | 1.83x | 95% |
| July 2026 | $7.9M | Current | No | 1.69x | 99% |
| June 2026 | $7.9M | Current | No | 1.69x | 99% |
| May 2026 | $7.9M | Current | No | 1.69x | 99% |
| April 2026 | $7.9M | Current | No | 1.69x | 99% |
| March 2026 | $7.9M | Current | No | 1.69x | 96% |
| February 2026 | $7.9M | Current | No | 1.69x | 96% |
| January 2026 | $7.9M | Current | No | 1.69x | 96% |
| December 2025 | $8.0M | Current | No | 1.69x | 96% |
| November 2025 | $8.0M | Current | No | 1.69x | 96% |
| October 2025 | $8.0M | Current | No | 1.71x | 95% |
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 2020-BNK25 | 43 | $7,830,605 | Sep 2026 | SEC filing, September 29, 2026 |
Other Kansas City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Polsinelli Headquarters | Kansas City, MO | Office | $64.1M | 7.828% | Dec 2029 | 1.52x | 100% | Current |
| Southlake Office Park | Lenexa, KS | Office | $57.0M | 5.126% | Feb 2029 | 2.17x | n/a | Current |
| Magnolia Parc | Overland Park, KS | Multifamily | $30.0M | 4.616% | Nov 2029 | 1.10x | 93% | Current |
| Oak Park Commons | Lenexa, KS | Retail | $27.0M | 6.774% | Jan 2029 | 2.28x | 96% | Current |
| Truman's Marketplace | Grandview, MO | Retail | $20.2M | 5.00% | Jan 2029 | n/a | n/a | Current |
| Century Towers | Kansas City, MO | Mixed use | $20.0M | 5.42% | Mar 2029 | 1.62x | 88% | Current |
| Executive Centre I II III | Overland Park, KS | Office | $15.6M | 3.71% | Sep 2029 | 1.96x | 66% | Current |
| Crown Heights | Gladstone, MO | Multifamily | $13.5M | 3.40% | Nov 2029 | 3.61x | 95% | 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.