Retail · Independence, Missouri
3901 S Bolger Road
3901 S Bolger Road is financed with a $3.1M CMBS loan at 5.80% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,090,068
- Original balance (same notes)
- $3,330,000
- Interest rate
- 5.80% fixed
- Originated
- April 30, 2019
- Maturity
- May 6, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- March 5, 2029
- Master servicer
- Midland
- Originator
- AREF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3901 S Bolger Road, Independence, MO 64055
- Metro
- Kansas City, MO-KS
- Rentable area
- 8,400 sq ft
- Built
- 2018
- Largest tenants
- Aspen Dental; Independence Wireless *; Lady Janes
- Value at securitization
- $4.7M (Feb 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.33x | 1.17x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $287K | $555K |
| Debt yield | 17.9% |
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 Morgan Stanley Capital I Trust 2019-H7 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 93% above the underwritten figure ($555K a year against $287K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.33x at securitization to 1.17x on the latest statements.
- The filing gives Jan 2029 as the lease end date for the largest tenant (Aspen Dental), 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 | $3.1M | Current | No | 1.17x | 100% |
| August 2026 | $3.1M | Current | No | n/a | n/a |
| July 2026 | $3.1M | Current | No | n/a | n/a |
| June 2026 | $3.1M | Current | No | n/a | n/a |
| May 2026 | $3.1M | Current | No | n/a | n/a |
| April 2026 | $3.1M | Current | No | 1.36x | 100% |
| March 2026 | $3.1M | Current | No | 1.36x | 100% |
| February 2026 | $3.1M | Current | No | 1.34x | 100% |
| January 2026 | $3.1M | Current | No | 1.34x | 100% |
| December 2025 | $3.1M | Current | No | 1.34x | 100% |
| November 2025 | $3.1M | Current | No | 1.34x | 100% |
| October 2025 | $3.1M | Current | No | 1.36x | 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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2019-H7 | 31 | $3,090,068 | Sep 2026 | SEC filing, October 2, 2026 |
Other Kansas City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Polsinelli Headquarters | Kansas City, MO | Office | $64.1M | 7.828% | Dec 2029 | 1.52x | 100% | Current |
| Southlake Office Park | Lenexa, KS | Office | $57.0M | 5.126% | Feb 2029 | 2.17x | n/a | Current |
| Magnolia Parc | Overland Park, KS | Multifamily | $30.0M | 4.616% | Nov 2029 | 1.10x | 93% | Current |
| Oak Park Commons | Lenexa, KS | Retail | $27.0M | 6.774% | Jan 2029 | 2.28x | 96% | Current |
| Truman's Marketplace | Grandview, MO | Retail | $20.2M | 5.00% | Jan 2029 | n/a | n/a | Current |
| Century Towers | Kansas City, MO | Mixed use | $20.0M | 5.42% | Mar 2029 | 1.62x | 88% | Current |
| Executive Centre I II III | Overland Park, KS | Office | $15.6M | 3.71% | Sep 2029 | 1.96x | 66% | Current |
| Crown Heights | Gladstone, MO | Multifamily | $13.5M | 3.40% | Nov 2029 | 3.61x | 95% | 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.