Office · Brownsville, Texas
Wellington Plaza
Wellington Plaza is financed with a $3.1M CMBS loan at 5.86% that reaches maturity on November 11, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,084,910
- Original balance (same notes)
- $3,600,000
- Interest rate
- 5.86% fixed
- Originated
- October 22, 2018
- Maturity
- November 11, 2028
- Payments
- Amortizing over 27 years
- Prepayment lockout ends
- August 10, 2028
- 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
- 844 West Price Road; 2280 and 2390 Central Boulevard, Brownsville, TX 78520
- Metro
- Brownsville-Harlingen, TX
- Rentable area
- 52,829 sq ft
- Built
- 1978, renovated 1998
- Largest tenants
- Valley Doctors Clinic of Brownsville; Rio Grande Oral & Maxillofacial Surgery; Green Planet Services LLC.
- Value at securitization
- $5.1M (Aug 2018)
Performance
| At securitization | Latest (Dec 2024) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 1.53x |
| Occupancy | 85% | 88% |
| Net operating income | $415K | $406K |
| Debt yield | 13.2% |
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 2019-BNK16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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 85% when the loan was securitized to 88%.
- The filing gives Mar 2027 as the lease end date for the largest tenant (Valley Doctors Clinic of Brownsville), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.1M | Current | No | 1.53x | 88% |
| August 2026 | $3.1M | Current | No | 1.53x | 88% |
| July 2026 | $3.1M | Current | No | 1.53x | 88% |
| June 2026 | $3.1M | Current | No | 1.53x | 88% |
| May 2026 | $3.1M | Current | No | 1.53x | 88% |
| March 2026 | $3.1M | Current | No | 1.53x | 88% |
| February 2026 | $3.1M | Current | No | 1.53x | 88% |
| January 2026 | $3.1M | Current | No | 1.53x | 88% |
| December 2025 | $3.1M | Current | No | 1.53x | 88% |
| November 2025 | $3.2M | Current | No | 1.53x | 88% |
| October 2025 | $3.2M | Current | No | 1.53x | 88% |
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 2019-BNK16 | 52 | $3,084,910 | Sep 2026 | SEC filing, September 29, 2026 |
Other Brownsville-Harlingen loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sealy Distribution Center | Brownsville, TX | Industrial | $15.5M | 4.78% | Nov 2028 | 3.63x | 99% | Current |
| Residence Inn Harlingen | Harlingen, TX | Hotel | $7.9M | 5.623% | Jun 2028 | 3.38x | 93% | Current |
| Boca Chica Plaza | Brownsville, TX | Retail | $5.1M | 5.05% | Mar 2028 | 2.38x | 98% | Current |
| Walgreens - Harlingen, TX | Harlingen, TX | Retail | $3.3M | 4.84% | Feb 2028 | 1.89x | 100% | Current |
All loans maturing in 2028 · All Brownsville-Harlingen 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.