Retail · Carmichael, California
7223-7241 Fair Oaks
7223-7241 Fair Oaks is financed with a $6.0M CMBS loan at 3.937% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,998,155
- Original balance (same notes)
- $6,900,000
- Interest rate
- 3.937% fixed
- Originated
- November 15, 2019
- Maturity
- December 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7223-7241 Fair Oaks Boulevard, Carmichael, CA 95608
- Metro
- Sacramento-Roseville-Folsom, CA
- Rentable area
- 61,043 sq ft
- Built
- 1991, renovated 2014
- Largest tenants
- Smart & Final Stores; Wells Fargo Bank; EVGO SERVICES LLC
- Value at securitization
- $11.5M (Sep 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.65x | 1.00x |
| Occupancy | 100% | 50% |
| Net operating income (annualized from 3 months) | $649K | $399K |
| Debt yield | 6.7% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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 100% when the loan was securitized to 50%.
- Net operating income is 39% below the underwritten figure ($399K a year against $649K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.65x at securitization to 1.00x on the latest statements.
- The filing gives Sep 2026 as the lease end date for the largest tenant (Smart & Final Stores), 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 | $6.0M | Current | No | 1.00x | 50% |
| August 2026 | $6.0M | Current | No | 0.84x | 50% |
| July 2026 | $6.0M | Current | No | 0.84x | 50% |
| June 2026 | $6.0M | Current | No | 0.84x | 50% |
| May 2026 | $6.0M | Current | No | 0.84x | 50% |
| April 2026 | $6.1M | Current | No | 0.84x | 50% |
| March 2026 | $6.1M | Current | No | 0.84x | 50% |
| February 2026 | $6.1M | Late payment but less than 30 days delinquent | No | 1.11x | 50% |
| January 2026 | $6.1M | Current | No | 1.11x | 50% |
| December 2025 | $6.1M | Current | No | 0.99x | 50% |
| November 2025 | $6.1M | Current | No | 0.99x | 50% |
| October 2025 | $6.1M | Current | No | 0.99x | 50% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 | 46 | $5,998,155 | Sep 2026 | SEC filing, September 30, 2026 |
Other Sacramento-Roseville-Folsom loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sacramento Gateway | Sacramento, CA | Retail | $61.5M | 6.456% | Oct 2029 | 1.66x | 96% | Current |
| White Rock Corporate Center | Rancho Cordova, CA | Office | $45.3M | 3.35% | Aug 2029 | 4.14x | 87% | Current |
| The Citizen Hotel Sacramento | Sacramento, CA | Hotel | $34.0M | 4.11% | Aug 2029 | 2.93x | 79% | Current |
| Syngenta Woodland | Woodland, CA | Industrial | $26.4M | 6.671% | Mar 2029 | 1.86x | 100% | Current |
| Roseville Shopping Center | Roseville, CA | Retail | $22.1M | 4.75% | Jan 2029 | 2.11x | 92% | Current |
| California Center | Sacramento, CA | Office | $18.8M | 5.00% | Apr 2029 | 1.21x | 97% | Current |
| Cable Park Shopping Center | Orangevale, CA | Retail | $17.0M | 5.41% | Jan 2029 | 1.21x | 72% | Current |
| 100 Howe | Sacramento, CA | Office | $16.7M | 7.56% | Dec 2029 | 1.45x | 90% | Current |
All loans maturing in 2029 · All Sacramento-Roseville-Folsom 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.