Multifamily portfolio, 3 properties · Tucson, Arizona
Sol y Luna
Public CMBS trusts hold $75.0M of the loan on this portfolio at 3.84% 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
- $75,000,000
- Original balance (same notes)
- $75,000,000
- Interest rate
- 3.84% fixed
- Originated
- January 3, 2020
- Maturity
- January 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Berkeley Point Capital
- Originator
- 3650 Reit
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently May 7, 2024
- Defeasance
- None reported
The property
- Address
- 1020 North Tyndall Avenue and 1027 & 1031 North Park Avenue, Tucson, AZ 85719
- Metro
- Tucson, AZ
- Units, rooms or beds
- 977
- Built
- 2013
- Value at securitization
- $191.5M (Sep 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.56x | 2.88x |
| Occupancy | 89% | 88% |
| Net operating income | $9.0M | $10.1M |
| Debt yield | 13.4% |
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 Morgan Stanley Capital I Trust 2020-L4 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Modified
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 12% above the underwritten figure ($10.1M a year against $9.0M).
- Debt service coverage moved from 2.56x at securitization to 2.88x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $75.0M | Current | No | 2.88x | 88% |
| August 2026 | $75.0M | Current | No | 2.88x | 88% |
| July 2026 | $75.0M | Current | No | n/a | n/a |
| June 2026 | $75.0M | Current | No | n/a | n/a |
| May 2026 | $75.0M | Current | No | n/a | n/a |
| April 2026 | $75.0M | Current | No | 3.00x | n/a |
| March 2026 | $75.0M | Current | No | 3.00x | n/a |
| February 2026 | $75.0M | Current | No | 3.00x | n/a |
| January 2026 | $75.0M | Current | No | 3.21x | n/a |
| December 2025 | $75.0M | Current | No | 3.21x | n/a |
| November 2025 | $75.0M | Current | No | 3.21x | n/a |
| October 2025 | $75.0M | Current | No | 3.21x | n/a |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2020-C19 Commercial Mortgage Trust | 6 | $50,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Morgan Stanley Capital I Trust 2020-L4 | 11 | $25,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Tucson loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Doubletree Tcc | Tucson, AZ | Hotel | $22.5M | 7.43% | Jun 2030 | 2.04x | 80% | Current |
| Plaza Colonial | Tucson, AZ | Mixed use | $16.7M | 6.96% | Jun 2030 | 2.13x | 96% | Current |
| Four Points Tucson | Tucson, AZ | Hotel | $8.9M | 4.21% | Feb 2030 | 0.75x | 69% | Current |
| Storquest Self Storage - Tucson | Tucson, AZ | Self storage | $3.2M | 3.40% | Feb 2030 | 3.76x | 88% | Current |
| Sherwood Manor Mhp | Tucson, AZ | Manufactured housing | $2.0M | 6.38% | Aug 2030 | n/a | n/a | Current |
| Sharidon Mhp | Tucson, AZ | Manufactured housing | $1.2M | 4.65% | Feb 2030 | 2.43x | 86% | 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.