Retail portfolio, 2 properties · Multiple locations
WAG - Dripping Springs & New Orleans
This portfolio is financed with a $5.4M CMBS loan at 3.629% that reaches maturity on October 11, 2030, in 3 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $5,353,594
- Original balance (same notes)
- $6,060,000
- Interest rate
- 3.629% fixed
- Originated
- September 29, 2020
- Maturity
- October 11, 2030
- Payments
- Amortizing over 30 years
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred August 27, 2024
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Value at securitization
- $11.5M
Performance
| At securitization | Latest (Mar 2024) | |
|---|---|---|
| DSCR (NOI) | 1.92x | 1.98x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $639K | $660K |
| Debt yield | 12.3% |
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 2020-BNK29 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.4M | Late payment but less than 30 days delinquent | Yes | 1.98x | 100% |
| August 2026 | $5.4M | Late payment but less than 30 days delinquent | Yes | 1.98x | 100% |
| July 2026 | $5.4M | Late payment but less than 30 days delinquent | Yes | 1.98x | 100% |
| June 2026 | $5.4M | Late payment but less than 30 days delinquent | Yes | 1.98x | 100% |
| May 2026 | $5.4M | Late payment but less than 30 days delinquent | Yes | 1.98x | 100% |
| April 2026 | $5.4M | Late payment but less than 30 days delinquent | Yes | 1.98x | 100% |
| March 2026 | $5.4M | Late payment but less than 30 days delinquent | Yes | 1.98x | 100% |
| February 2026 | $5.4M | Late payment but less than 30 days delinquent | Yes | 1.98x | 100% |
| January 2026 | $5.4M | Late payment but less than 30 days delinquent | Yes | 1.98x | 100% |
| December 2025 | $5.5M | 30-59 days delinquent | Yes | 1.98x | 100% |
| November 2025 | $5.5M | Late payment but less than 30 days delinquent | Yes | 1.98x | 100% |
| October 2025 | $5.5M | Late payment but less than 30 days delinquent | Yes | 1.98x | 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.
Special-servicing history
- Transferred to the special servicer August 27, 2024, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2020-BNK29 | 30 | $5,353,594 | Sep 2026 | SEC filing, October 1, 2026 |
Other retail loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Kings Plaza | Brooklyn, NY | Retail | $487.0M | 3.359% | Jan 2030 | 2.38x | 91% | Current |
| Miami Design District | Miami, FL | Retail | $400.0M | 4.133% | Mar 2030 | 4.43x | 94% | Current |
| Southcenter Mall | Seattle, WA | Retail | $218.0M | 2.88% | Jan 2030 | 6.91x | 91% | Current |
| Mall at Bay Plaza | The Bronx, NY | Retail | $170.0M | 6.715% | Nov 2030 | n/a | n/a | Current |
| 1535 Broadway | New York, NY | Retail | $150.0M | 6.332% | May 2030 | 1.49x | 100% | Current |
| Springfield Town Center | Springfield, VA | Retail | $150.0M | 7.115% | Jul 2030 | 1.56x | 96% | Current |
| The Westchester | White Plains, NY | Retail | $150.0M | 3.25% | Feb 2030 | 2.41x | 93% | Current |
| Pinnacle Hills Promenade | Rogers, AR | Retail | $130.0M | 7.14% | Jan 2030 | 1.80x | 96% | 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.