Retail · South Lake Tahoe, California
The Crossing At Tahoe Valley
The Crossing At Tahoe Valley is financed with a $7.8M CMBS loan at 3.962% that reaches maturity on February 6, 2030, in 3 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,850,000
- Original balance (same notes)
- $7,850,000
- Interest rate
- 3.962% fixed
- Originated
- January 10, 2020
- Maturity
- February 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2029
- Master servicer
- Midland
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2014-2062 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
- Metro
- Sacramento-Roseville-Folsom, CA
- Rentable area
- 53,595 sq ft
- Built
- 1973, renovated 2017
- Largest tenants
- Big 5 Corp; Lake Tahoe Aleworx, LLC; Cuppa Tahoe, LLC
- Value at securitization
- $15.0M (Dec 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.85x | 2.92x |
| Occupancy | 87% | 94% |
| Net operating income (annualized from 6 months) | $898K | $1.9M |
| Debt yield | 23.7% |
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 Morgan Stanley Capital I Trust 2020-L4 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 risen from 87% when the loan was securitized to 94%.
- Net operating income is 107% above the underwritten figure ($1.9M a year against $898K; the latest statement covers 6 months, annualized).
- The filing gives Jan 2030 as the lease end date for the largest tenant (Big 5 Corp), 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 | $7.8M | Current | No | 2.92x | 94% |
| August 2026 | $7.8M | Current | No | 2.92x | 94% |
| July 2026 | $7.8M | Current | No | n/a | n/a |
| June 2026 | $7.8M | Current | No | n/a | n/a |
| May 2026 | $7.8M | Current | No | n/a | n/a |
| April 2026 | $7.8M | Current | No | 2.84x | 99% |
| March 2026 | $7.8M | Current | No | 2.84x | 99% |
| February 2026 | $7.8M | Current | No | 2.84x | 99% |
| January 2026 | $7.8M | Current | No | 3.34x | 100% |
| December 2025 | $7.8M | Current | No | 3.43x | 100% |
| November 2025 | $7.8M | Current | No | 3.43x | 100% |
| October 2025 | $7.8M | Current | No | 3.43x | 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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2020-L4 | 31 | $7,850,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Sacramento-Roseville-Folsom loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mcclellan Park | McClellan, CA | Mixed use | $358.0M | 3.309% | Dec 2030 | n/a | n/a | Current |
| Hpe Campus | Roseville, CA | Office | $66.8M | 3.54% | Mar 2030 | 2.72x | 100% | Current |
| The Senator | Sacramento, CA | Office | $39.7M | 3.377% | Dec 2030 | 2.93x | 87% | Current |
| 1610 & 1620 Arden Way | Sacramento, CA | Office | $39.5M | 3.067% | Oct 2030 | n/a | n/a | Current |
| 630 Roseville | Roseville, CA | Mixed use | $25.8M | 3.67% | Mar 2030 | 2.43x | 100% | Current |
| Folsom Gateway | Folsom, CA | Office | $21.0M | 3.49% | Jan 2030 | 4.33x | 98% | Current |
| 3000 & 3010 Lava Ridge Court | Roseville, CA | Office | $17.7M | 3.47% | Feb 2030 | 1.60x | 89% | Current |
| Superior Self Storage Pocket | Sacramento, CA | Self storage | $12.7M | 2.983% | Oct 2030 | 4.17x | 88% | Current |
All loans maturing in 2030 · 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.