Retail · Chandler, Arizona
Alma Elliot Square
Alma Elliot Square is financed with a $6.3M CMBS loan at 4.45% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,305,000
- Original balance (same notes)
- $6,305,000
- Interest rate
- 4.45% fixed
- Originated
- September 10, 2019
- Maturity
- September 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- October 5, 2021
- Prepayment premium ends
- June 5, 2029 (yield maintenance)
- Originator
- Greystone Servicing Company LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 935-985 W. Elliot Road, Chandler, AZ 85225
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 62,164 sq ft
- Built
- 1985
- Largest tenants
- AG Group Partners, LLC; ePool Supply, LLC; Straight 8 Syndicate, LLC DBA Terror Trader
- Value at securitization
- $9.7M (Aug 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.24x | n/a |
| Occupancy | 62% | n/a |
| Net operating income | $639K | n/a |
Watch flags
Computed from the CSAIL 2019-C18 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Largest tenant's lease ends within 12 months
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
- The filing gives Apr 2027 as the lease end date for the largest tenant (AG Group Partners, LLC), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.3M | Current | No | n/a | n/a |
| August 2026 | $6.3M | Current | No | n/a | n/a |
| July 2026 | $6.3M | Current | No | n/a | n/a |
| June 2026 | $6.3M | Current | No | n/a | n/a |
| May 2026 | $6.3M | Current | No | n/a | n/a |
| March 2026 | $6.3M | Current | No | 2.51x | 82% |
| February 2026 | $6.3M | Current | No | 2.75x | 82% |
| January 2026 | $6.3M | Current | No | 2.75x | 82% |
| December 2025 | $6.3M | Current | No | 2.75x | 82% |
| November 2025 | $6.3M | Current | No | 2.75x | 82% |
| October 2025 | $6.3M | Current | No | 2.56x | 89% |
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 2019-C18 Commercial Mortgage Trust | 40 | $6,305,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 3900 Camelback | Phoenix, AZ | Office | $37.5M | 3.48% | Dec 2029 | 1.93x | 24% | Current |
| 4041 Central | Phoenix, AZ | Office | $36.7M | 3.66% | Oct 2029 | 1.90x | 71% | Delinquent |
| Embassy Suites Scottsdale | Scottsdale, AZ | Hotel | $35.5M | 5.915% | Feb 2029 | 2.02x | 81% | Current |
| Riverwalk Business Park | Scottsdale, AZ | Office | $34.5M | 7.718% | Dec 2029 | 2.39x | 95% | Current |
| Papago Gateway Center | Tempe, AZ | Office | $34.0M | 8.248% | Mar 2029 | 2.33x | 99% | Current |
| Marriott Phoenix Airport | Phoenix, AZ | Hotel | $33.9M | 4.128% | Dec 2029 | 3.79x | 69% | Current |
| Scottsdale Center | Scottsdale, AZ | Office | $24.4M | 5.145% | Jan 2029 | 2.68x | 98% | Current |
| Greenway Park Plaza | Phoenix, AZ | Retail | $19.0M | 3.80% | Oct 2029 | 2.00x | 97% | Current |
All loans maturing in 2029 · All Phoenix-Mesa-Chandler 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.