Self storage · Sacramento, California
Sps-Sacramento IV
Sps-Sacramento IV is financed with a $4.9M CMBS loan at 4.61% that reaches maturity on May 11, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,948,742
- Original balance (same notes)
- $5,825,000
- Interest rate
- 4.61% fixed
- Originated
- April 24, 2018
- Maturity
- May 11, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- June 10, 2020
- Prepayment premium ends
- November 10, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7301 Franklin Boulevard, Sacramento, CA 95823
- Metro
- Sacramento-Roseville-Folsom, CA
- Rentable area
- 68,475 sq ft
- Units, rooms or beds
- 595
- Built
- 1985, renovated 2006
- Value at securitization
- $10.1M (Mar 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.66x | 2.67x |
| Occupancy | 99% | 83% |
| Net operating income (annualized from 3 months) | $596K | $971K |
| Debt yield | 19.6% |
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 2018-BNK12 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
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 fallen from 99% when the loan was securitized to 83%.
- Net operating income is 63% above the underwritten figure ($971K a year against $596K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.66x at securitization to 2.67x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.9M | Current | No | 2.67x | 83% |
| August 2026 | $5.0M | Current | No | 2.67x | 83% |
| July 2026 | $5.0M | Current | No | 2.67x | 83% |
| June 2026 | $5.0M | Current | No | 2.73x | 81% |
| May 2026 | $5.0M | Current | No | 2.73x | 81% |
| April 2026 | $5.0M | Current | No | 2.73x | 81% |
| March 2026 | $5.0M | Current | No | 2.73x | 81% |
| February 2026 | $5.0M | Current | No | 2.73x | 81% |
| January 2026 | $5.0M | Current | No | 2.94x | 86% |
| December 2025 | $5.0M | Current | No | 2.94x | 86% |
| November 2025 | $5.1M | Current | No | 2.94x | 86% |
| October 2025 | $5.1M | Current | No | 2.92x | 86% |
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 2018-BNK12 | 32 | $4,948,742 | Sep 2026 | SEC filing, September 29, 2026 |
Other Sacramento-Roseville-Folsom loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Blue Oaks Town Center | Rocklin, CA | Retail | $56.5M | 6.99% | Feb 2028 | n/a | n/a | Current |
| 1801 L Street | Sacramento, CA | Multifamily | $38.0M | 4.845% | Jul 2028 | 1.65x | 96% | Current |
| Harvard Park | Sacramento, CA | Office | $34.0M | 4.53% | Oct 2028 | 0.26x | 25% | With the special servicer and 90+ days delinquent |
| Creekside Oaks | Sacramento, CA | Office | $20.4M | 4.55% | Aug 2028 | n/a | n/a | Current |
| Roseville Corporate Center | Roseville, CA | Office | $16.0M | 4.71% | Jun 2028 | 2.26x | 88% | Current |
| Hyatt Place Roseville | Roseville, CA | Hotel | $15.6M | 4.97% | Aug 2028 | 2.25x | 79% | Current |
| Residence Inn Sacramento | Sacramento, CA | Hotel | $14.6M | 5.24% | Mar 2028 | 1.30x | 77% | Current |
| Valley Mack Plaza | Sacramento, CA | Retail | $12.5M | 4.977% | Jun 2028 | 1.47x | 97% | Current |
All loans maturing in 2028 · All Sacramento-Roseville-Folsom 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.