Retail · Newark, New York
Rite Aid - Newark Ny
Rite Aid - Newark Ny is financed with a $3.0M CMBS loan at 4.50% that reaches maturity on September 11, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $2,982,705
- Original balance (same notes)
- $3,300,000
- Interest rate
- 4.50% fixed
- Originated
- August 28, 2019
- Maturity
- September 11, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 10, 2029
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 3, 2025
- Workout strategy
- REO
- Defeasance
- None reported
The property
- Address
- 101 South Main Street, Newark, NY 14513
- Metro
- Rochester, NY
- Rentable area
- 13,084 sq ft
- Built
- 2015
- Largest tenants
- RITE AID
- Value at securitization
- $5.2M (Apr 2019)
Performance
| At securitization | Latest (Mar 2025) | |
|---|---|---|
| DSCR (NOI) | 1.76x | 1.59x |
| Occupancy | 100% | 100% |
| Net operating income | $353K | $320K |
| Debt yield | 10.7% |
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 2019-BNK20 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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% below the underwritten figure ($320K a year against $353K).
- Debt service coverage moved from 1.76x at securitization to 1.59x on the latest statements.
- The most recent valuation in the filing is $1.2M (January 6, 2026), against $5.2M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| August 2026 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| July 2026 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| June 2026 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| May 2026 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| April 2026 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| March 2026 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| February 2026 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| January 2026 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| December 2025 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| November 2025 | $3.0M | 90+ days delinquent | Yes | 1.59x | 100% |
| October 2025 | $3.0M | 90+ days delinquent | Yes | 1.59x | 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.
Special-servicing history
- Transferred to the special servicer January 3, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2019-BNK20 | 53 | $2,982,705 | Sep 2026 | SEC filing, October 1, 2026 |
Other Rochester loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Towne Center at Webster | Webster, NY | Retail | $43.0M | 7.335% | Aug 2029 | 1.00x | 98% | Current |
| Legacy Tower | Rochester, NY | Office | $21.3M | 4.99% | Jul 2029 | 0.55x | 82% | Current |
| Westfall Townhomes | Rochester Hills, NY | Mixed use | $12.0M | 4.35% | Nov 2029 | n/a | n/a | Current |
| FedEx Ground, West Henrietta | West Henrietta, NY | Industrial | $8.0M | 3.17% | Nov 2029 | n/a | n/a | Current |
| Cintas Rochester | Rochester, NY | Industrial | $3.6M | 4.035% | Jun 2029 | 3.38x | 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.