Retail · Fort Lauderdale, Florida
Plaza Del Mar
Plaza Del Mar is financed with a $7.0M CMBS loan at 4.25% that reaches maturity on November 6, 2030, in 4 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,000,000
- Original balance (same notes)
- $7,000,000
- Interest rate
- 4.25% fixed
- Originated
- October 20, 2020
- Maturity
- November 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2030
- Master servicer
- Trimont LLC
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1451-1535 North Federal Highway, Fort Lauderdale, FL 33304
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 32,088 sq ft
- Built
- 1984, renovated 2016
- Largest tenants
- Wild Fork Foods; CAO CAFE; SUMO
- Value at securitization
- $14.3M (Aug 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.84x | 2.85x |
| Occupancy | 94% | 100% |
| Net operating income (annualized from 6 months) | $857K | $864K |
| Debt yield | 12.3% |
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 Wells Fargo Commercial Mortgage Trust 2020-C58 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 94% when the loan was securitized to 100%.
- The filing gives Jul 2028 as the lease end date for the largest tenant (Wild Fork Foods), 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 | $7.0M | Current | No | 2.85x | 100% |
| August 2026 | $7.0M | Current | No | 2.98x | 100% |
| July 2026 | $7.0M | Current | No | 2.98x | 100% |
| June 2026 | $7.0M | Current | No | 2.67x | 100% |
| May 2026 | $7.0M | Current | No | 2.67x | 100% |
| April 2026 | $7.0M | Current | No | 2.67x | 100% |
| March 2026 | $7.0M | Current | No | 2.82x | 100% |
| February 2026 | $7.0M | Current | No | 2.82x | 100% |
| January 2026 | $7.0M | Current | No | 2.82x | 100% |
| December 2025 | $7.0M | Current | No | 2.84x | 100% |
| November 2025 | $7.0M | Late payment but less than 30 days delinquent | No | 2.84x | 100% |
| October 2025 | $7.0M | Current | No | 2.84x | 100% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2020-C58 | 33 | $7,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Miami Design District | Miami, FL | Retail | $400.0M | 4.133% | Mar 2030 | 4.43x | 94% | Current |
| Las Olas City Centre | Fort Lauderdale, FL | Office | $145.0M | 6.658% | Mar 2030 | n/a | n/a | Current |
| 8321 Pines Boulevard | Pembroke Pines, FL | Self storage | $86.7M | 6.122% | Dec 2030 | n/a | n/a | Current |
| Marriott Boca Raton | Boca Raton, FL | Hotel | $55.0M | 7.083% | Feb 2030 | 2.20x | 72% | Current |
| Bayview Corporate Tower | Fort Lauderdale, FL | Office | $54.4M | 4.50% | Jul 2030 | 1.73x | 83% | Current |
| Waterfront Clematis | West Palm Beach, FL | Mixed use | $45.0M | 3.23% | Aug 2030 | 4.69x | 95% | Current |
| Oakbrook Center | Palm Beach Gardens, FL | Office | $43.0M | 6.847% | Aug 2030 | n/a | n/a | Current |
| 150 Palmetto | Boca Raton, FL | Office | $35.5M | 7.15% | Jun 2030 | 1.49x | 92% | Current |
All loans maturing in 2030 · All Miami-Fort Lauderdale-West Palm Beach loans
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.