Mixed use portfolio, 4 properties · Washington, District of Columbia
2029 P Street NW
This portfolio is financed with a $10.3M CMBS loan at 3.75% that reaches maturity on March 5, 2030, in 3 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $10,350,000
- Original balance (same notes)
- $10,350,000
- Interest rate
- 3.75% fixed
- Originated
- October 18, 2019
- Maturity
- March 5, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ended
- November 4, 2022
- Master servicer
- Midland Loan Services
- Originator
- Grass River Real Estate Credit Partners Loan Funding, LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2029 P Street NW, Washington, DC 20036
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Value at securitization
- $16.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $846K | $170K |
| Debt yield | 1.7% |
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 CSAIL 2020-C19 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- NOI down 20% or more from securitization
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 80% below the underwritten figure ($170K a year against $846K; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 2029 P Street NW | Washington, DC | Mixed Use | n/a | n/a |
| 900 6th Street NW | Washington, DC | Mixed Use | n/a | n/a |
| 440 Massachusetts Avenue NW | Washington, DC | Office | 100% | 2.49x |
| 1401 R Street NW | Washington, DC | Retail | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| August 2026 | $10.3M | Current | No | n/a | n/a |
| July 2026 | $10.3M | Current | No | n/a | n/a |
| June 2026 | $10.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $10.3M | Current | No | n/a | n/a |
| April 2026 | $10.3M | Current | No | 2.21x | 55% |
| March 2026 | $10.3M | 30-59 days delinquent | No | 2.21x | 55% |
| February 2026 | $10.3M | 30-59 days delinquent | No | 2.21x | 55% |
| January 2026 | $10.3M | Late payment but less than 30 days delinquent | No | 2.21x | 55% |
| December 2025 | $10.3M | Current | No | 2.21x | 55% |
| November 2025 | $10.3M | Current | No | 2.21x | 55% |
| October 2025 | $10.3M | 30-59 days delinquent | No | 2.21x | 55% |
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 |
|---|---|---|---|---|
| CSAIL 2020-C19 Commercial Mortgage Trust | 27 | $10,350,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Washington-Arlington-Alexandria loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Springfield Town Center | Springfield, VA | Retail | $150.0M | 7.115% | Jul 2030 | 1.56x | 96% | Current |
| Four Constitution Square | Washington, DC | Office | $138.0M | 2.536% | Nov 2030 | 5.02x | 100% | Current |
| 9911 Belward | Rockville, MD | Office | $128.7M | 5.00% | Oct 2030 | n/a | n/a | Current |
| The Wharf | Washington, DC | Other | $102.5M | 5.439% | Jul 2030 | n/a | n/a | Current |
| The Liz | Washington, DC | Mixed use | $93.0M | 4.45% | Aug 2030 | 1.54x | 92% | Current |
| 1401 H | Washington, DC | Office | $78.0M | 6.80% | Apr 2030 | 1.42x | 79% | Current |
| 3170 & 3180 Fairview Park Drive | Falls Church, VA | Office | $51.7M | 3.288% | Nov 2030 | 2.44x | 98% | Current |
| St. Charles Towne Plaza | Waldorf, MD | Retail | $28.5M | 6.83% | Jun 2030 | 1.90x | 100% | Current |
All loans maturing in 2030 · All Washington-Arlington-Alexandria 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.