Multifamily · Sunnyvale, California
Willowbend Apartments
Willowbend Apartments is financed with a $21.4M CMBS loan at 4.321% that reaches maturity on December 1, 2028, in 2 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
- $21,387,786
- Original balance (same notes)
- $25,000,000
- Interest rate
- 4.321% fixed
- Originated
- November 21, 2018
- Maturity
- December 1, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- February 28, 2021
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1035 Aster Avenue, Sunnyvale, CA 94086
- Metro
- San Jose-Sunnyvale-Santa Clara, CA
- Units, rooms or beds
- 330
- Built
- 1985
- Value at securitization
- $142.5M (Sep 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 4.94x | 4.80x |
| Occupancy | 89% | 99% |
| Net operating income (annualized from 6 months) | $7.4M | $7.2M |
| Debt yield | 33.7% |
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.
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 risen from 89% when the loan was securitized to 99%.
- Debt service coverage moved from 4.94x at securitization to 4.80x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $21.4M | Current | No | 4.80x | 99% |
| August 2026 | $21.4M | Current | No | 4.80x | 99% |
| July 2026 | $21.5M | Current | No | 4.68x | 97% |
| June 2026 | $21.5M | Current | No | 4.68x | 97% |
| May 2026 | $21.6M | Current | No | 4.80x | 99% |
| April 2026 | $28.0M | Current | No | n/a | n/a |
| March 2026 | $21.7M | Current | No | 4.80x | 99% |
| February 2026 | $21.7M | Current | No | 4.80x | 99% |
| January 2026 | $21.8M | Current | No | 4.64x | 99% |
| December 2025 | $21.8M | Current | No | 4.64x | 99% |
| November 2025 | $21.8M | Current | No | 4.64x | 99% |
| October 2025 | $21.9M | Current | No | 4.52x | 98% |
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 | 11 | $21,387,786 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Jose-Sunnyvale-Santa Clara loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Apple Campus 3, Sunnyvale (2028 maturity), loan 1 in BANK 2018-BNK10 | Sunnyvale, CA | Office | $310.0M | 3.365% | Jan 2028 | 3.78x | 100% | Current |
| Moffett Towers - Buildings E,f,g | Sunnyvale, CA | Office | $284.0M | 4.131% | Oct 2028 | 3.51x | 100% | Current |
| Moffett Towers II - Building 1 | Sunnyvale, CA | Office | $158.6M | 3.894% | Apr 2028 | 2.23x | 100% | Current |
| 1001 North Shoreline Boulevard | Mountain View, CA | Office | $64.5M | 3.465% | Apr 2028 | 3.61x | 100% | Current |
| 3495 Deer Creek Road | Palo Alto, CA | Office | $50.0M | 4.955% | Apr 2028 | 2.69x | 100% | Current |
| 590 Middlefield | Mountain View, CA | Office | $48.8M | 5.369% | Dec 2028 | 1.40x | 100% | Current |
| 601 Mccarthy | Milpitas, CA | Office | $30.7M | 4.172% | Sep 2028 | 4.69x | 100% | Current |
| 435 Tasso Street | Palo Alto, CA | Office | $30.0M | 4.402% | Dec 2028 | 1.02x | 73% | Current |
All loans maturing in 2028 · All San Jose-Sunnyvale-Santa Clara 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.