Self storage · Los Banos, California
Willmott Self Storage
Willmott Self Storage is financed with a $3.0M CMBS loan at 6.372% that reaches maturity on November 11, 2032, in 6 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,000,000
- Original balance (same notes)
- $3,000,000
- Interest rate
- 6.372% fixed
- Originated
- October 14, 2022
- Maturity
- November 11, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 10, 2032
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 220 West Willmott Avenue, Los Banos, CA 93635
- Rentable area
- 60,290 sq ft
- Units, rooms or beds
- 542
- Built
- 2006
- Value at securitization
- $10.0M (Sep 2022)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.71x | 2.99x |
| Occupancy | 97% | 92% |
| Net operating income | $525K | $579K |
| Debt yield | 19.3% |
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 2022-BNK44 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 97% when the loan was securitized to 92%.
- Net operating income is 10% above the underwritten figure ($579K a year against $525K).
- Debt service coverage moved from 2.71x at securitization to 2.99x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.0M | Current | No | 2.99x | 92% |
| August 2026 | $3.0M | Current | No | 2.99x | 92% |
| July 2026 | $3.0M | Current | No | 2.99x | 92% |
| June 2026 | $3.0M | Current | No | 2.99x | 92% |
| May 2026 | $3.0M | Current | No | 2.96x | 94% |
| April 2026 | $3.0M | Current | No | 2.96x | 94% |
| March 2026 | $3.0M | Current | No | 2.96x | 94% |
| February 2026 | $3.0M | Current | No | 2.96x | 94% |
| January 2026 | $3.0M | Current | No | 2.96x | 94% |
| December 2025 | $3.0M | Current | No | 2.96x | 94% |
| November 2025 | $3.0M | Current | No | 3.01x | 94% |
| October 2025 | $3.0M | Current | No | 3.19x | 92% |
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-BNK44 | 38 | $3,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
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.