Retail · Flagstaff, Arizona
Woodlands Village Shopping Center
Woodlands Village Shopping Center is financed with a $13.4M CMBS loan at 4.95% that reaches maturity on March 11, 2029, in 2 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,411,482
- Original balance (same notes)
- $15,000,000
- Interest rate
- 4.95% fixed
- Originated
- March 5, 2019
- Maturity
- March 11, 2029
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ended
- May 10, 2021
- Prepayment premium ends
- December 10, 2028 (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
- 2555 South Beulah Boulevard and 2700 and 2710 South Woodlands Village, Flagstaff, AZ 86001
- Rentable area
- 91,810 sq ft
- Built
- 1989, renovated 2012
- Largest tenants
- Raley's Arizona LLC; Lancaster wings west LLC; Boot Barn Inc
- Value at securitization
- $20.0M (Jan 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.52x | 1.66x |
| Occupancy | 99% | 99% |
| Net operating income (annualized from 6 months) | $1.5M | $1.6M |
| Debt yield | 12.0% |
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-BNK17 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 11% above the underwritten figure ($1.6M a year against $1.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.52x at securitization to 1.66x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.4M | Current | No | 1.66x | 99% |
| August 2026 | $13.4M | Current | No | 1.66x | 99% |
| July 2026 | $13.5M | Current | No | 1.72x | 100% |
| June 2026 | $13.5M | Current | No | 1.72x | 100% |
| May 2026 | $13.5M | Current | No | 1.80x | 100% |
| April 2026 | $13.5M | Current | No | 1.80x | 100% |
| March 2026 | $13.6M | Current | No | 1.76x | 100% |
| February 2026 | $13.6M | Current | No | 1.76x | 100% |
| January 2026 | $13.6M | Current | No | 1.76x | 100% |
| December 2025 | $13.6M | Current | No | 1.76x | 100% |
| November 2025 | $13.6M | Current | No | 1.76x | 100% |
| October 2025 | $13.7M | Current | No | 1.67x | 100% |
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-BNK17 | 16 | $13,411,482 | Sep 2026 | SEC filing, October 1, 2026 |
Other Arizona loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Greenlaw Mhc | Flagstaff, AZ | Manufactured housing | $5.4M | 6.052% | Dec 2029 | 1.49x | 91% | 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.