Self storage · New Braunfels, Texas
Westpointe New Braunfels Self Storage
Westpointe New Braunfels Self Storage is financed with a $10.0M CMBS loan at 3.386% that reaches maturity on December 11, 2031, in 5 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,000,000
- Original balance (same notes)
- $10,000,000
- Interest rate
- 3.386% fixed
- Originated
- December 2, 2021
- Maturity
- December 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 10, 2024
- Prepayment premium ends
- September 10, 2031 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1864 Independence Drive, New Braunfels, TX 78132
- Metro
- San Antonio-New Braunfels, TX
- Rentable area
- 80,555 sq ft
- Units, rooms or beds
- 584
- Built
- 2017
- Value at securitization
- $20.1M (Oct 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.99x | 2.66x |
| Occupancy | 94% | 91% |
| Net operating income (annualized from 6 months) | $1.0M | $919K |
| Debt yield | 9.2% |
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 2022-BNK39 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
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 10% below the underwritten figure ($919K a year against $1.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.99x at securitization to 2.66x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.0M | Current | No | 2.66x | 91% |
| August 2026 | $10.0M | Current | No | 2.66x | 91% |
| July 2026 | $10.0M | Current | No | 2.83x | 91% |
| June 2026 | $10.0M | Current | No | 2.83x | 91% |
| May 2026 | $10.0M | Current | No | 2.83x | 91% |
| April 2026 | $10.0M | Current | No | 2.54x | 87% |
| March 2026 | $10.0M | Current | No | 2.54x | 87% |
| February 2026 | $10.0M | Current | No | 2.54x | 87% |
| January 2026 | $13.8M | Current | No | 2.97x | 100% |
| December 2025 | $10.0M | Current | No | 2.29x | 88% |
| November 2025 | $10.0M | Current | No | 2.28x | 89% |
| October 2025 | $10.0M | Current | No | 2.28x | 89% |
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 2022-BNK39 | 31 | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Antonio-New Braunfels loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Park North | San Antonio, TX | Retail | $83.4M | 5.923% | Jan 2031 | n/a | n/a | Current |
| Aviator at Brooks | San Antonio, TX | Multifamily | $29.8M | 6.19% | Feb 2031 | n/a | n/a | Current |
| New Braunfels Market Place | New Braunfels, TX | Retail | $23.4M | 3.17% | Sep 2031 | 5.55x | 94% | Current |
| Residence Inn Property | San Antonio, TX | Hotel | $19.8M | 7.513% | Jan 2031 | n/a | n/a | Late, less than 30 days |
| The Mosaic | San Antonio, TX | Multifamily | $15.0M | 3.25% | Sep 2031 | 1.59x | 83% | Current |
| Accenture San Antonio | San Antonio, TX | Office | $14.8M | 3.17% | Jun 2031 | 3.49x | 100% | Current |
| Triangle Shopping Center, Universal City | Universal City, TX | Retail | $11.2M | 3.829% | Nov 2031 | 2.62x | 100% | Current |
| Aggie Business Park | New Braunfels, TX | Industrial | $10.7M | 6.126% | Jan 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All San Antonio-New Braunfels 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.