Retail · Prescott, Arizona
Willow Creek Shopping Center
Willow Creek Shopping Center is financed with a $8.8M CMBS loan at 4.15% that reaches maturity on August 1, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,815,113
- Original balance (same notes)
- $9,500,000
- Interest rate
- 4.15% fixed
- Originated
- July 19, 2019
- Maturity
- August 1, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- March 31, 2029
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1042-1048 Willow Creek Road & 1230 Iron Springs Road, Prescott, AZ 86301
- Rentable area
- 165,065 sq ft
- Built
- 1979, renovated 2017
- Largest tenants
- C-A-L Ranch Stores; Safeway Express LLC; Bealle Inc.
- Value at securitization
- $13.1M (Sep 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 1.97x |
| Occupancy | 98% | 99% |
| Net operating income (annualized from 6 months) | $1.0M | $1.1M |
| Debt yield | 12.5% |
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-BNK20 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
- Net operating income is 6% above the underwritten figure ($1.1M a year against $1.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.87x at securitization to 1.97x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.8M | Current | No | 1.97x | 99% |
| August 2026 | $8.8M | Current | No | 1.97x | 99% |
| July 2026 | $8.8M | Current | No | 2.08x | 99% |
| June 2026 | $8.9M | Current | No | 2.08x | 99% |
| May 2026 | $8.9M | Current | No | 2.08x | 99% |
| April 2026 | $8.9M | Current | No | 2.28x | 100% |
| March 2026 | $8.9M | Current | No | 2.28x | 100% |
| February 2026 | $8.9M | Current | No | 2.34x | 100% |
| January 2026 | $8.9M | Current | No | 2.34x | 100% |
| December 2025 | $8.9M | Current | No | 2.34x | 100% |
| November 2025 | $9.0M | Current | No | 2.34x | 100% |
| October 2025 | $9.0M | Current | No | 2.29x | 99% |
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-BNK20 | 35 | $8,815,113 | Sep 2026 | SEC filing, October 1, 2026 |
Other Arizona loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Prescott Towne Center | Prescott, AZ | Retail | $5.7M | 5.20% | Jan 2029 | 1.54x | 100% | Current |
| Kachina Self Storage | Dewey, AZ | Self storage | $3.0M | 5.10% | Apr 2029 | 2.23x | 64% | 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.