Mixed use · Hamilton, New Jersey
American Metro Center
Public CMBS trusts hold $33.2M of the loan on American Metro Center at 4.15% that reaches maturity on October 6, 2029, in 2 years and 11 months. As of the Sep 2026 and Oct 2026 servicer reports its status is with the special servicer and 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $33,200,000
- Original balance (same notes)
- $33,200,000
- Interest rate
- 4.15% fixed
- Originated
- October 4, 2019
- Maturity
- October 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- Transferred July 14, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 100, 200, & 300 American Metro Boulevard, Hamilton, NJ 08619
- Metro
- Trenton-Princeton, NJ
- Rentable area
- 488,463 sq ft
- Value at securitization
- $48.6M (Aug 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.66x | n/a |
| Occupancy | 84% | n/a |
| Net operating income | $2.3M | n/a |
Watch flags
Computed from the GS Mortgage Securities Trust 2019-GSA1 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since August 2026.
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 |
|---|---|---|---|---|---|
| October 2026 | $13.2M | 30-59 days delinquent | Yes | n/a | n/a |
| September 2026 | $33.2M | 30-59 days delinquent | Yes | 1.66x | 100% |
| August 2026 | $33.2M | Late payment but less than 30 days delinquent | Yes | 1.66x | 100% |
| July 2026 | $33.2M | Payment not received but still in grace period or not yet due | No | 1.66x | 100% |
| June 2026 | $33.2M | Current | No | 1.66x | 100% |
| May 2026 | $33.2M | Late payment but less than 30 days delinquent | No | 1.66x | 100% |
| April 2026 | $33.2M | 30-59 days delinquent | No | 1.66x | 100% |
| March 2026 | $33.2M | Late payment but less than 30 days delinquent | No | 1.67x | 100% |
| February 2026 | $33.2M | Payment not received but still in grace period or not yet due | No | 1.67x | 100% |
| January 2026 | $33.2M | Payment not received but still in grace period or not yet due | No | 1.66x | 100% |
| December 2025 | $33.2M | Current | No | 1.66x | 100% |
| November 2025 | $33.2M | Payment not received but still in grace period or not yet due | No | 1.66x | 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.
Special-servicing history
- Transferred to the special servicer July 14, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2019-L3 | 19 | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| GS Mortgage Securities Trust 2019-GSA1 | 25 | $13,200,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other Trenton-Princeton loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 33 West State Street and 50 East State Street | Trenton, NJ | Office | $90.0M | 7.35% | Feb 2029 | 1.53x | 94% | Current |
| University Square, Princeton | Princeton, NJ | Office | $69.2M | 3.80% | Jul 2029 | 0.20x | 62% | Current |
| CVS Trenton | Trenton, NJ | Retail | $11.7M | 3.785% | Dec 2029 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.