Multifamily · Greensboro, North Carolina
Thirteen08 Apartments
1308 Fleming Road, Greensboro, NC · Google Maps
Thirteen08 Apartments is financed with a $2.9M CMBS loan at 5.00% that reaches maturity on March 6, 2030, in 3 years and 4 months. As of the Oct 2026 servicer report its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $2,907,760
- Original balance (same notes)
- $3,250,000
- Interest rate
- 5.00% fixed
- Originated
- February 13, 2020
- Maturity
- March 6, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- December 5, 2029
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1308 Fleming Road, Greensboro, NC 27410
- Metro
- Greensboro-High Point, NC
- Units, rooms or beds
- 48
- Built
- 2001, renovated 2017
- Value at securitization
- $5.3M (Dec 2019)
Performance
| Measure | At securitization | Latest (Dec 2025) |
|---|---|---|
| DSCR (NOI) | 1.25x | 1.90x |
| Occupancy | 88% | 90% |
| Net operating income | $262K | $399K |
| Debt yield | 13.7% |
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.
Comparable loans: multifamily properties in Greensboro-High Point, NC, with NOI, occupancy and value.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2020-C56 filing for the reporting period ending October 13, 2026, filed with the SEC October 27, 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 52% above the underwritten figure ($399K a year against $262K).
- Debt service coverage moved from 1.25x at securitization to 1.90x on the latest statements.
Who is behind this loan
- Sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Jun 2020.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Servicer advances
- P&I advances outstanding
- $17,435
From the trust's monthly trustee report. Advances are payments the servicer has fronted to bondholders on the borrower's behalf, repaid before bondholders when the loan resolves.
Refinance test on today's income
The latest annual NOI in the filing is $399K, a debt yield of 13.7% on $2.9M. Lenders often size a new loan so NOI is at least 9% to 10% of the loan amount.
| Debt yield a lender requires | Largest loan | Against today's balance |
|---|---|---|
| 9% | $4.4M | $1.5M of room |
| 10% | $4.0M | $1.1M of room |
Arithmetic on the filed NOI only: no rates, reserves, cap rates or lender terms. NOI can be a year old; see the statement dates above.
Operating statement
| Annual | At securitization | Latest, Dec 2025 | Per unit |
|---|---|---|---|
| Revenue | $454K | $590K | $12,301/unit |
| Operating expenses | $192K | $192K | $3,996/unit |
| Net operating income | $262K | $399K | $8,305/unit |
| Net cash flow | $252K | $389K | $8,096/unit |
| Expense ratio | 42.3% | 32.5% |
From the servicer's Schedule AL report; 48 units; renovated 2017.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $2.9M | Late payment but less than 30 days delinquent | No | 1.90x | 90% |
| September 2026 | $2.9M | Current | No | 1.90x | 90% |
| August 2026 | $2.9M | Current | No | 1.90x | 90% |
| July 2026 | $2.9M | Current | No | 1.90x | 90% |
| June 2026 | $2.9M | Current | No | 1.90x | 90% |
| May 2026 | $2.9M | Current | No | 1.90x | 90% |
| April 2026 | $2.9M | Current | No | 1.90x | 90% |
| March 2026 | $2.9M | Current | No | 1.83x | 90% |
| February 2026 | $2.9M | Current | No | 1.83x | 90% |
| January 2026 | $2.9M | Current | No | 1.83x | 90% |
| December 2025 | $3.0M | Current | No | 1.86x | 90% |
| November 2025 | $3.0M | Current | No | 1.86x | 90% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements.
Full history back to June 2020. See it with Pro.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2020-C56 | 43 | $2,907,760 | Oct 2026 | SEC filing, October 27, 2026 |
Other Greensboro-High Point loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 3812 North Elm Street and 12 other properties | Greensboro, NC | Office | $37.3M | 3.444% | Sep 2030 | n/a | n/a | Current |
| Freeway Crossing | Reidsville, NC | Retail | $5.4M | 6.37% | Jan 2030 | 1.72x | 92% | Not reported |
All loans maturing in 2030 · All Greensboro-High Point loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.