Retail · Merced, California
The Playa Merced Shopping Center
The Playa Merced Shopping Center is financed with a $8.1M CMBS loan at 3.60% that reaches maturity on March 11, 2030, in 3 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,132,779
- Original balance (same notes)
- $8,364,000
- Interest rate
- 3.60% fixed
- Originated
- February 14, 2020
- Maturity
- March 11, 2030
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- December 10, 2029
- 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
- 1930 and 1950 Yosemite Parkway, Merced, CA 95341
- Rentable area
- 68,207 sq ft
- Built
- 2007
- Largest tenants
- Rancho San Miguel Market; Mountain Mike's Pizza; SuperClean Laundromats
- Value at securitization
- $12.3M (Jan 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.02x | 2.12x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $922K | $981K |
| Debt yield | 12.1% |
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 2020-BNK27 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Net operating income is 6% above the underwritten figure ($981K a year against $922K; the latest statement covers 3 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.1M | Current | No | 2.12x | 100% |
| August 2026 | $8.1M | Current | No | 2.12x | 100% |
| July 2026 | $8.2M | Current | No | 2.12x | 100% |
| June 2026 | $8.2M | Current | No | 2.75x | 100% |
| May 2026 | $8.2M | Current | No | 2.75x | 100% |
| April 2026 | $8.2M | Current | No | 2.75x | 100% |
| March 2026 | $8.2M | Current | No | 2.75x | 100% |
| February 2026 | $8.2M | Current | No | 2.75x | 100% |
| January 2026 | $8.2M | Current | No | 2.75x | 100% |
| December 2025 | $8.3M | Current | No | 3.47x | 98% |
| November 2025 | $8.3M | Current | No | 3.47x | 98% |
| October 2025 | $8.3M | Current | No | 3.47x | 98% |
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 2020-BNK27 | 20 | $8,132,779 | Sep 2026 | SEC filing, September 29, 2026 |
Other California loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Simply Space Self Storage Merced | Merced, CA | Self storage | $9.8M | 3.59% | Feb 2030 | 3.53x | 91% | 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.