Retail · Waite Park, Minnesota
Second Street Shops
Second Street Shops is financed with a $10.2M CMBS loan at 3.78% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,208,818
- Original balance (same notes)
- $11,520,000
- Interest rate
- 3.78% fixed
- Originated
- October 25, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ended
- January 5, 2022
- Prepayment premium ends
- June 5, 2029 (yield maintenance)
- Master servicer
- KeyBank N.A.
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 20-50 Second Street South, Waite Park, MN 56387
- Rentable area
- 93,760 sq ft
- Built
- 1992, renovated 2016
- Largest tenants
- DICKS SPORTING GOODS INC; FRESH THYME FARMERS MAR; FIVE BELOW, INC
- Value at securitization
- $16.0M (Oct 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.96x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.3M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2020-C6 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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
- The filing gives Jan 2027 as the lease end date for the largest tenant (DICKS SPORTING GOODS 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 | $10.2M | Current | No | n/a | n/a |
| August 2026 | $10.2M | Current | No | n/a | n/a |
| July 2026 | $10.2M | Current | No | n/a | n/a |
| June 2026 | $10.3M | Current | No | n/a | n/a |
| May 2026 | $10.3M | Current | No | n/a | n/a |
| April 2026 | $10.3M | Current | No | 2.06x | 100% |
| March 2026 | $10.3M | Current | No | 2.06x | 100% |
| February 2026 | $10.4M | Current | No | 1.98x | 100% |
| January 2026 | $10.4M | Current | No | 1.98x | 100% |
| December 2025 | $10.4M | Current | No | 2.12x | 100% |
| November 2025 | $10.4M | Current | No | 2.12x | 100% |
| October 2025 | $10.4M | Current | No | 2.12x | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2020-C6 | 33 | $10,208,818 | Sep 2026 | SEC filing, September 29, 2026 |
Other Minnesota loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Division Place | Saint Cloud, MN | Retail | $10.8M | 4.45% | Jul 2029 | 1.88x | 89% | 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.