Mixed use · New York, New York
787 Eleventh Avenue
Public CMBS trusts hold $105.0M of the loan on 787 Eleventh Avenue at 4.53% that reaches maturity on February 8, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $105,000,000
- Original balance (same notes)
- $105,000,000
- Interest rate
- 4.53% fixed
- Originated
- January 9, 2019
- Maturity
- February 8, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 7, 2021
- Prepayment premium ends
- August 7, 2028 (yield maintenance)
- Master servicer
- Wells Fargo Bank, N.A.
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 787 Eleventh Avenue, New York, NY 10019
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 446,227 sq ft
- Built
- 1929, renovated 2019
- Largest tenants
- Mt. Sinai School of Medicine; GJM OPCO LLC; Nissan North America
- Value at securitization
- $650.0M (Dec 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 3.14x | n/a |
| Occupancy | 88% | n/a |
| Net operating income | $25.3M | n/a |
Watch flags
Computed from the CSAIL 2019-C16 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $105.0M | Current | No | n/a | n/a |
| August 2026 | $105.0M | Current | No | n/a | n/a |
| July 2026 | $105.0M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| June 2026 | $105.0M | Current | No | n/a | n/a |
| May 2026 | $105.0M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| April 2026 | $105.0M | Late payment but less than 30 days delinquent | No | 2.30x | 100% |
| March 2026 | $105.0M | Current | No | 2.39x | 100% |
| February 2026 | $105.0M | Current | No | 2.39x | 100% |
| January 2026 | $105.0M | Current | No | 2.39x | 100% |
| December 2025 | $105.0M | Current | No | 2.45x | 100% |
| November 2025 | $105.0M | Current | No | 2.45x | 100% |
| October 2025 | $105.0M | Current | No | 2.45x | 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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2019-C15 Commercial Mortgage Trust | 4 | $45,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BBCMS Mortgage Trust 2019-C3 | 9 | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| CSAIL 2019-C16 Commercial Mortgage Trust | 9 | $30,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1633 Broadway | New York, NY | Office | $780.0M | 2.99% | Dec 2029 | 2.87x | 76% | Current |
| 650 Madison Avenue | New York, NY | Mixed use | $545.8M | 3.486% | Dec 2029 | 1.25x | 62% | Current |
| Queens Center | Elmhurst, NY | Retail | $510.0M | 5.37% | Nov 2029 | 1.94x | 93% | Current |
| 3 Columbus Circle | New York, NY | Mixed use | $490.0M | 3.914% | Mar 2029 | 2.80x | 90% | Current |
| 30 Hudson Yards | New York, NY | Office | $422.0M | 3.11% | Jul 2029 | n/a | n/a | Current |
| 55 Hudson Yards | New York, NY | Office | $371.7M | 2.95% | Dec 2029 | n/a | n/a | Current |
| Gateway Center North | Brooklyn, NY | Retail | $300.0M | 6.827% | Nov 2029 | n/a | n/a | Current |
| 640 5th Avenue | New York, NY | Mixed use | $288.6M | 6.129% | Jul 2029 | 2.35x | 90% | Current |
All loans maturing in 2029 · All New York-Newark-Jersey City 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.