Self storage · Riverdale, Utah
Stor-N-Lock Self Storage #3
Stor-N-Lock Self Storage #3 is financed with a $2.8M CMBS loan at 4.98% that reaches maturity on August 11, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,767,659
- Original balance (same notes)
- $2,900,000
- Interest rate
- 4.98% fixed
- Originated
- July 18, 2018
- Maturity
- August 11, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- May 10, 2028
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4343 S. Riverdale Road, Riverdale, UT 84405
- Metro
- Ogden, UT
- Rentable area
- 51,918 sq ft
- Units, rooms or beds
- 486
- Built
- 1983
- Value at securitization
- $5.0M (Jun 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.86x | 2.25x |
| Occupancy | 93% | 84% |
| Net operating income (annualized from 6 months) | $346K | $424K |
| Debt yield | 15.3% |
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 BANK 2018-BNK14 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 fallen from 93% when the loan was securitized to 84%.
- Net operating income is 22% above the underwritten figure ($424K a year against $346K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.86x at securitization to 2.25x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.8M | Current | No | 2.25x | 84% |
| August 2026 | $2.8M | Current | No | 2.56x | 82% |
| July 2026 | $2.8M | Current | No | 2.56x | 82% |
| May 2026 | $2.8M | Current | No | 2.56x | 82% |
| April 2026 | $2.8M | Current | No | 2.50x | 81% |
| March 2026 | $2.8M | Current | No | 2.55x | 82% |
| February 2026 | $2.8M | Current | No | 2.55x | 82% |
| January 2026 | $2.8M | Current | No | 2.55x | 82% |
| December 2025 | $2.8M | Current | No | 2.55x | 82% |
| November 2025 | $2.8M | Current | No | 2.35x | 88% |
| October 2025 | $2.8M | Current | No | 2.35x | 88% |
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-BNK14 | 51 | $2,767,659 | Sep 2026 | SEC filing, October 1, 2026 |
Other Ogden loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cabelas Farmington | Farmington, UT | Retail | $9.2M | 4.787% | Jun 2028 | 2.71x | 100% | Current |
| 1076 Riverdale | Riverdale, UT | Retail | $8.9M | 5.024% | Dec 2028 | 2.27x | 99% | Current |
| Otg Woods Crossing | Woods Cross, UT | Retail | $7.2M | 5.015% | Oct 2028 | 1.60x | 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.