Office · Milwaukee, Wisconsin
241 North Broadway
241 North Broadway is financed with a $11.8M CMBS loan at 4.051% that reaches maturity on August 6, 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
- $11,814,842
- Original balance (same notes)
- $12,750,000
- Interest rate
- 4.051% fixed
- Originated
- August 7, 2019
- Maturity
- August 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 241 North Broadway Street, Milwaukee, WI 53202
- Metro
- Milwaukee-Waukesha, WI
- Rentable area
- 79,960 sq ft
- Built
- 1912, renovated 2017
- Largest tenants
- Elkay Interior Systems; Gass Turek LLC; Branigan Inc
- Value at securitization
- $17.9M (Jul 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.78x | 1.23x |
| Occupancy | 95% | 83% |
| Net operating income | $1.3M | $904K |
| Debt yield | 7.7% |
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 Wells Fargo Commercial Mortgage Trust 2019-C53 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- 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
- Occupancy has fallen from 95% when the loan was securitized to 83%.
- Net operating income is 31% below the underwritten figure ($904K a year against $1.3M).
- Debt service coverage moved from 1.78x at securitization to 1.23x on the latest statements.
- The filing gives Apr 2028 as the lease end date for the largest tenant (Elkay Interior Systems), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.8M | Current | No | 1.23x | 83% |
| August 2026 | $11.8M | Current | No | 1.23x | 83% |
| July 2026 | $11.9M | Current | No | 1.23x | 83% |
| June 2026 | $11.9M | Current | No | 1.23x | 83% |
| May 2026 | $11.9M | Current | No | 1.23x | 83% |
| April 2026 | $11.9M | Current | No | 1.23x | 83% |
| March 2026 | $11.9M | Current | No | 1.22x | 71% |
| February 2026 | $12.0M | Current | No | 1.22x | 71% |
| January 2026 | $12.0M | Current | No | 1.22x | 71% |
| December 2025 | $12.0M | Current | No | 1.22x | 71% |
| November 2025 | $12.0M | Current | No | 1.32x | 71% |
| October 2025 | $12.0M | Current | No | 1.32x | 71% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C53 | 19 | $11,814,842 | Sep 2026 | SEC filing, September 29, 2026 |
Other Milwaukee-Waukesha loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Kimpton Journeyman Hotel | Milwaukee, WI | Hotel | $30.0M | 7.38% | Oct 2029 | -0.47x | 57% | Current |
| 401 & 395 North Executive Drive | Brookfield, WI | Office | $27.0M | 3.89% | Aug 2029 | n/a | n/a | Delinquent |
| Arctic Glacier - Menomonee | Menomonee Falls, WI | Industrial | $24.6M | 4.66% | Apr 2029 | n/a | n/a | Current |
| Pick N Save - Oconomowoc | Oconomowoc, WI | Retail | $19.9M | 4.032% | Aug 2029 | n/a | n/a | Current |
| Shoppes at Fox River | Waukesha, WI | Retail | $17.9M | 4.48% | Mar 2029 | n/a | n/a | Current |
| Embassy Suites Milwaukee Brookfield | Brookfield, WI | Hotel | $16.0M | 3.91% | Aug 2029 | 0.70x | 73% | Current |
| DentaQuest | Milwaukee, WI | Office | $13.4M | 4.887% | Mar 2029 | n/a | n/a | Current |
| The Quin | Milwaukee, WI | Multifamily | $10.1M | 4.19% | Dec 2029 | 1.44x | 99% | 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.