Office · Albuquerque, New Mexico
Altura Professional Building
Altura Professional Building is financed with a $11.2M CMBS loan at 5.218% that reaches maturity on September 6, 2028, in 22 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $11,188,137
- Original balance (same notes)
- $11,700,000
- Interest rate
- 5.218% fixed
- Originated
- August 24, 2018
- Maturity
- September 6, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- July 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4101 Indian School Road NE, Albuquerque, NM 87110
- Metro
- Albuquerque, NM
- Rentable area
- 110,118 sq ft
- Built
- 1999
- Largest tenants
- Lovelace 1; Indian Health Servic; Butt Thornton & Commercial Baeh
- Value at securitization
- $19.2M (May 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 2.21x |
| Occupancy | 100% | 99% |
| Net operating income (annualized from 6 months) | $1.4M | $3.4M |
| Debt yield | 30.8% |
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 JPMCC Commercial Mortgage Securities Trust 2019-COR4 filing for the reporting period ending October 6, 2026, filed with the SEC October 21, 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 139% above the underwritten figure ($3.4M a year against $1.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.87x at securitization to 2.21x on the latest statements.
- The filing gives Sep 2026 as the lease end date for the largest tenant (Lovelace 1), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $11.2M | Current | No | 2.21x | 99% |
| September 2026 | $11.2M | Current | No | 2.21x | 99% |
| August 2026 | $11.2M | Current | No | 2.21x | 99% |
| July 2026 | $11.2M | Current | No | 2.19x | n/a |
| June 2026 | $11.2M | Current | No | n/a | n/a |
| May 2026 | $11.3M | Current | No | n/a | n/a |
| April 2026 | $11.3M | Current | No | 2.30x | 99% |
| March 2026 | $11.3M | Current | No | 2.30x | 99% |
| February 2026 | $11.3M | Current | No | 2.18x | 99% |
| January 2026 | $11.3M | Current | No | 2.18x | 99% |
| December 2025 | $11.3M | Current | No | 2.18x | 99% |
| November 2025 | $11.4M | Current | No | 2.18x | 99% |
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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2019-COR4 | 23 | $11,188,137 | Oct 2026 | SEC filing, October 21, 2026 |
Other Albuquerque loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hilton Garden Inn Albuquerque Uptown | Albuquerque, NM | Hotel | $15.3M | 5.265% | Aug 2028 | 2.22x | 70% | Current |
| The Village At La Orilla | Alburquerque, NM | Retail | $13.1M | 4.863% | Jan 2028 | 1.36x | 100% | Current |
| Jefferson Plaza Albuquerque | Albuquerque, NM | Office | $8.7M | 4.715% | Jul 2028 | 1.01x | 68% | Current |
| Rio Grande Mhp | Albuquerque, NM | Manufactured housing | $2.2M | 5.57% | Jun 2028 | 2.57x | 95% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.