Office · St. Paul, Minnesota
Wells Fargo Place
Public CMBS trusts hold $60.0M of the loan on Wells Fargo Place at 3.40% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $60,000,000
- Original balance (same notes)
- $60,000,000
- Interest rate
- 3.40% fixed
- Originated
- October 25, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 30 7th Street East, St. Paul, MN 55101
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Rentable area
- 646,459 sq ft
- Built
- 1986
- Largest tenants
- AgriBank Tower; IRS; Minnesota State
- Value at securitization
- $125.0M (Sep 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.15x | 2.23x |
| Occupancy | 85% | 85% |
| Net operating income (annualized from 6 months) | $8.7M | $6.2M |
| Debt yield | 10.3% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- 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
- Net operating income is 29% below the underwritten figure ($6.2M a year against $8.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.15x at securitization to 2.23x on the latest statements.
- The filing gives Oct 2026 as the lease end date for the largest tenant (AgriBank Tower), 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 | $60.0M | Late payment but less than 30 days delinquent | No | 2.23x | 85% |
| August 2026 | $60.0M | Current | No | 2.23x | 85% |
| July 2026 | $60.0M | Current | No | 1.89x | 85% |
| June 2026 | $60.0M | Current | No | 2.36x | 85% |
| May 2026 | $60.0M | Current | No | 2.36x | 85% |
| April 2026 | $60.0M | Current | No | 2.36x | 83% |
| March 2026 | $60.0M | Current | No | 2.36x | 83% |
| February 2026 | $60.0M | Current | No | 2.30x | 84% |
| January 2026 | $60.0M | Current | No | 2.30x | 84% |
| December 2025 | $60.0M | Current | No | 2.30x | 84% |
| November 2025 | $60.0M | Current | No | 2.24x | 84% |
| October 2025 | $60.0M | Current | No | 2.24x | 84% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CF 2019-CF3 Mortgage Trust | 6 | $30,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
| Morgan Stanley Capital I Trust 2019-L3 | 8 | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 | 40 | $10,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hy-Vee - Oakdale (10th Street), MN | Oakdale, MN | Retail | $55.0M | 4.582% | Apr 2029 | n/a | n/a | Current |
| The Archive Apartments | Minneapolis, MN | Multifamily | $47.9M | 6.92% | Jun 2029 | 1.32x | 93% | Current |
| Plymouth Corporate Center | Plymouth, MN | Office | $45.7M | 4.99% | Jan 2029 | 1.67x | 91% | With the special servicer and 90+ days delinquent |
| Grand Oaks Business Park | Eagan, MN | Office | $45.7M | 4.85% | Feb 2029 | 1.02x | 64% | Current |
| Hy-Vee - Savage, MN | Savage, MN | Retail | $40.0M | 3.494% | Dec 2029 | n/a | n/a | Current |
| ATRIA Corporate Center | Plymouth, MN | Office | $37.7M | 4.895% | Apr 2029 | 1.29x | 72% | Current |
| Seagate Shakopee | Shakopee, MN | Industrial | $23.4M | 7.56% | Jan 2029 | 1.49x | 100% | Current |
| Shingle Creek Crossing | Brooklyn Center, MN | Retail | $22.1M | 5.522% | Feb 2029 | 1.35x | 85% | Current |
All loans maturing in 2029 · All Minneapolis-St. Paul-Bloomington 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.