Retail · Pembroke Pines, Florida
University Marketplace
University Marketplace is financed with a $15.1M CMBS loan at 3.78% that reaches maturity on March 1, 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
- $15,138,500
- Original balance (same notes)
- $16,550,000
- Interest rate
- 3.78% fixed
- Originated
- February 19, 2020
- Maturity
- March 1, 2030
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- October 31, 2029
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 100 University Drive; 8140-8360 Pines Boulevard; 8398 Pines Boulevard; 8330-8384 Pines Boulevard, Pembroke Pines, FL 33024
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 125,604 sq ft
- Built
- 1990, renovated 2019
- Largest tenants
- Mars Entertainment Inc; BEVERLY'S PET CENTER INC; Octapharma Plasma J
- Value at securitization
- $24.3M (Nov 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.94x | 1.94x |
| Occupancy | 99% | 90% |
| Net operating income (annualized from 6 months) | $1.8M | $1.8M |
| Debt yield | 11.9% |
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-BNK26 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 99% when the loan was securitized to 90%.
- The filing gives Jan 2030 as the lease end date for the largest tenant (Mars Entertainment Inc), 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 | $15.1M | Current | No | 1.94x | 90% |
| August 2026 | $15.2M | Current | No | 2.24x | 94% |
| July 2026 | $15.2M | Current | No | 2.24x | 94% |
| June 2026 | $15.2M | Current | No | 2.24x | 94% |
| May 2026 | $15.2M | Current | No | 2.29x | 95% |
| April 2026 | $15.3M | Current | No | 2.29x | 95% |
| March 2026 | $15.3M | Current | No | 2.29x | 96% |
| February 2026 | $15.3M | Current | No | 2.29x | 96% |
| January 2026 | $15.4M | Current | No | 2.29x | 96% |
| December 2025 | $15.4M | Current | No | 2.29x | 96% |
| November 2025 | $15.4M | Current | No | 2.29x | 96% |
| October 2025 | $15.4M | Current | No | 2.38x | 97% |
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-BNK26 | 23 | $15,138,500 | Sep 2026 | SEC filing, October 1, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Miami Design District | Miami, FL | Retail | $400.0M | 4.133% | Mar 2030 | 4.43x | 94% | Current |
| Las Olas City Centre | Fort Lauderdale, FL | Office | $145.0M | 6.658% | Mar 2030 | n/a | n/a | Current |
| 8321 Pines Boulevard | Pembroke Pines, FL | Self storage | $86.7M | 6.122% | Dec 2030 | n/a | n/a | Current |
| Marriott Boca Raton | Boca Raton, FL | Hotel | $55.0M | 7.083% | Feb 2030 | 2.20x | 72% | Current |
| Bayview Corporate Tower | Fort Lauderdale, FL | Office | $54.4M | 4.50% | Jul 2030 | 1.73x | 83% | Current |
| Waterfront Clematis | West Palm Beach, FL | Mixed use | $45.0M | 3.23% | Aug 2030 | 4.69x | 95% | Current |
| Oakbrook Center | Palm Beach Gardens, FL | Office | $43.0M | 6.847% | Aug 2030 | n/a | n/a | Current |
| 150 Palmetto | Boca Raton, FL | Office | $35.5M | 7.15% | Jun 2030 | 1.49x | 92% | Current |
All loans maturing in 2030 · All Miami-Fort Lauderdale-West Palm Beach 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.