Office · Birmingham, Alabama
Beacon Center Office Park
Beacon Center Office Park is financed with a $4.2M CMBS loan at 4.05% that reaches maturity on October 6, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,160,461
- Original balance (same notes)
- $5,075,000
- Interest rate
- 4.05% fixed
- Originated
- September 19, 2019
- Maturity
- October 6, 2029
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- July 5, 2029
- Master servicer
- Trimont LLC
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 529-651 Beacon Parkway, Birmingham, AL 35209
- Metro
- Birmingham, AL
- Rentable area
- 111,545 sq ft
- Built
- 1982, renovated 2019
- Largest tenants
- Kay logistics Group LLC (KTB Global); Alabama Department of Revenu; NHS
- Value at securitization
- $7.3M (Sep 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.52x | 2.04x |
| Occupancy | 89% | 79% |
| Net operating income | $813K | $658K |
| Debt yield | 15.8% |
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 Wells Fargo Commercial Mortgage Trust 2019-C54 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- 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
- Occupancy has fallen from 89% when the loan was securitized to 79%.
- Net operating income is 19% below the underwritten figure ($658K a year against $813K).
- Debt service coverage moved from 2.52x at securitization to 2.04x on the latest statements.
- The filing gives Apr 2027 as the lease end date for the largest tenant (Kay logistics Group LLC (KTB Global)), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.2M | Current | No | 2.04x | 79% |
| August 2026 | $4.2M | Current | No | 2.04x | 79% |
| July 2026 | $4.2M | Current | No | 2.04x | 79% |
| June 2026 | $4.2M | Current | No | 2.04x | 79% |
| May 2026 | $4.2M | Current | No | 2.04x | 79% |
| April 2026 | $4.2M | Current | No | 2.11x | 77% |
| March 2026 | $4.2M | Current | No | 2.11x | 77% |
| February 2026 | $4.2M | Current | No | 2.11x | 77% |
| January 2026 | $4.3M | Current | No | 2.11x | 77% |
| December 2025 | $4.3M | Current | No | 2.11x | 77% |
| November 2025 | $4.3M | Current | No | 2.11x | 77% |
| October 2025 | $4.3M | Current | No | 2.11x | 77% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C54 | 39 | $4,160,461 | Sep 2026 | SEC filing, September 29, 2026 |
Other Birmingham loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Encompass Health Corporation | Birmingham, AL | Industrial | $84.6M | 3.65% | Oct 2029 | n/a | n/a | Current |
| AL & SC Multifamily Portfolio | Hoover, AL | Multifamily | $30.4M | 7.03% | Nov 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Wildwood Centre | Homewood, AL | Retail | $12.0M | 3.90% | Nov 2029 | 1.93x | 94% | Current |
| Residence Inn - Hoover AL | Hoover, AL | Hotel | $10.2M | 3.82% | Sep 2029 | 2.54x | 75% | Current |
| Holiday Inn Express, Pell City | Pell City, AL | Hotel | $8.6M | 4.57% | Apr 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.