Retail · Miami Beach, Florida
1458 Ocean Drive & 1437 Collins Avenue
1458 Ocean Drive & 1437 Collins Avenue is financed with a $11.7M CMBS loan at 5.65% that reaches maturity on July 11, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $11,728,894
- Original balance (same notes)
- $12,200,000
- Interest rate
- 5.65% fixed
- Originated
- June 24, 2019
- Maturity
- July 6, 2029; extended by modification to July 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2029
- Master servicer
- Midland
- Originator
- AREF
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 29, 2025
- Workout strategy
- Foreclosure
- Modified
- Yes, most recently November 30, 2020
- Defeasance
- None reported
The property
- Address
- 1458 Ocean Drive 1437 Collins Ave, Miami Beach, FL 33139
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 12,518 sq ft
- Units, rooms or beds
- 3
- Built
- 2006
- Largest tenants
- Front Porch Caf??; Sauvage of Miami; Vibe of Miami
- Value at securitization
- $19.0M (Dec 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.41x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $986K | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2019-H7 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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
- The most recent valuation in the filing is $10.5M (August 4, 2020), against $19.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $11.7M | 60-89 days delinquent | Yes | n/a | n/a |
| October 2025 | $11.7M | 30-59 days delinquent | Yes | n/a | n/a |
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.
Special-servicing history
- Transferred to the special servicer January 29, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2019-H7 | 21 | $11,728,894 | Sep 2026 | SEC filing, October 2, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Royal Palm Place | Boca Raton, FL | Mixed use | $110.0M | 3.81% | Nov 2029 | 2.98x | 98% | Current |
| Northbridge Centre | West Palm Beach, FL | Office | $96.0M | 6.905% | Sep 2029 | 1.43x | 75% | Current |
| University Pointe | Davie, FL | Multifamily | $85.8M | 6.70% | Jun 2029 | 1.79x | 90% | Current |
| Royal Palm I & II | Plantation, FL | Office | $68.2M | 6.45% | Nov 2029 | 7.80x | 82% | Current |
| The Avenue | Davie, FL | Multifamily | $60.0M | 4.992% | Jan 2029 | 2.47x | 96% | Current |
| The Brazilian Court Hotel | Palm Beach, FL | Hotel | $54.5M | 7.50% | Dec 2029 | 1.57x | 52% | Current |
| One Town Center | Boca Raton, FL | Office | $51.0M | 7.338% | Jul 2029 | 1.19x | 94% | Current |
| West Palm Gardens | West Palm Beach, FL | Multifamily | $50.0M | 6.45% | Oct 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Miami-Fort Lauderdale-West Palm Beach 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.