Retail · Lafayette, Louisiana
Ambassador Way
Ambassador Way is financed with a $7.4M CMBS loan at 3.92% that reaches maturity on June 1, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,393,190
- Original balance (same notes)
- $7,700,000
- Interest rate
- 3.92% fixed
- Originated
- May 29, 2019
- Maturity
- June 1, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- June 30, 2021
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3300 Ambassador Caffrey Pkwy 3316, 3320, 3324, and 3340, Lafayette, LA 70506
- Metro
- Lafayette, LA
- Rentable area
- 197,351 sq ft
- Built
- 1993, renovated 2011
- Largest tenants
- Floor and Decor Outlets of America, Inc; Hajoca Corporation, a Main corporatin; Baskins Acquisition Holdings LLC
- Value at securitization
- $15.3M (Mar 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.89x | 1.21x |
| Occupancy | 100% | 59% |
| Net operating income (annualized from 6 months) | $1.3M | $1.1M |
| Debt yield | 14.5% |
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 CSAIL 2019-C16 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points 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 59%.
- Net operating income is 15% below the underwritten figure ($1.1M a year against $1.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.89x at securitization to 1.21x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.4M | Current | No | 1.21x | 59% |
| August 2026 | $7.4M | Current | No | 1.21x | 59% |
| July 2026 | $7.4M | Current | No | 1.00x | 59% |
| June 2026 | $7.4M | Current | No | 1.00x | 59% |
| May 2026 | $7.4M | Current | No | n/a | n/a |
| April 2026 | $7.5M | Current | No | 1.14x | 59% |
| March 2026 | $7.5M | Current | No | 1.17x | 84% |
| February 2026 | $7.5M | Current | No | 1.17x | 84% |
| January 2026 | $7.5M | Current | No | 1.17x | 84% |
| December 2025 | $7.5M | Current | No | 1.17x | 84% |
| November 2025 | $7.5M | Current | No | 1.03x | 84% |
| October 2025 | $7.5M | Current | No | 1.03x | 84% |
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-C16 Commercial Mortgage Trust | 35 | $7,393,190 | Sep 2026 | SEC filing, September 28, 2026 |
Other Lafayette loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| DTL-Ambassador Crossing | Lafayette, LA | Retail | $25.1M | 4.85% | May 2029 | 1.66x | 96% | Current |
| Safe and Sound Storage | Maurice, LA | Self storage | $2.1M | 4.50% | Aug 2029 | 2.95x | 100% | Current |
| Belle Place MHC | Broussard, LA | Manufactured housing | $2.1M | 4.05% | Nov 2029 | n/a | n/a | 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.