Retail · Baton Rouge, Louisiana
Bluebonnet Village
Bluebonnet Village is financed with a $10.9M CMBS loan at 4.25% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $10,888,245
- Original balance (same notes)
- $11,720,000
- Interest rate
- 4.25% fixed
- Originated
- August 28, 2019
- Maturity
- September 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- April 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7750, 7584 & 7758 Bluebonnet Boulevard, Baton Rouge, LA 70810
- Metro
- Baton Rouge, LA
- Rentable area
- 101,419 sq ft
- Built
- 1983
- Largest tenants
- Rouse's Market; Office Depot; Buffalo Wild Wings Grill & Bar
- Value at securitization
- $16.3M (Jul 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.75x | 1.95x |
| Occupancy | 89% | 93% |
| Net operating income (annualized from 6 months) | $1.2M | $2.7M |
| Debt yield | 25.0% |
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 GS Mortgage Securities Trust 2019-GSA1 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 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
- Occupancy has risen from 89% when the loan was securitized to 93%.
- Net operating income is 125% above the underwritten figure ($2.7M a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.75x at securitization to 1.95x on the latest statements.
- The filing gives May 2027 as the lease end date for the largest tenant (Rouse's Market), 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 | $10.9M | Current | No | 1.95x | 93% |
| September 2026 | $10.9M | Current | No | 1.95x | 93% |
| August 2026 | $10.9M | Current | No | n/a | n/a |
| July 2026 | $10.9M | Current | No | n/a | n/a |
| June 2026 | $11.0M | Current | No | n/a | n/a |
| May 2026 | $11.0M | Current | No | n/a | n/a |
| April 2026 | $11.0M | Current | No | 1.90x | n/a |
| March 2026 | $11.0M | Current | No | 1.90x | n/a |
| February 2026 | $11.0M | Current | No | 1.83x | 94% |
| January 2026 | $11.1M | Current | No | 1.83x | 94% |
| December 2025 | $11.1M | Current | No | 1.83x | 94% |
| November 2025 | $11.1M | Current | No | 1.78x | 94% |
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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GSA1 | 27 | $10,888,245 | Oct 2026 | SEC filing, October 22, 2026 |
Other Baton Rouge loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 5 East Apartments | Baton Rouge, LA | Multifamily | $17.5M | 6.92% | Sep 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Magnolia Gardens | Baton Rouge, LA | Multifamily | $17.2M | 5.59% | Mar 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Edgewood Apartments, Baton Rouge | Baton Rouge, LA | Multifamily | $16.1M | 4.09% | Oct 2029 | 1.33x | 97% | Current |
| Meadowbrook Apartments | Baton Rouge, LA | Multifamily | $9.4M | 7.29% | Jan 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Florline Commons | Baton Rouge, LA | Retail | $8.3M | 6.742% | Oct 2029 | 1.65x | 83% | Current |
| Albertsons Baton Rouge | Baton Rouge, LA | Retail | $6.7M | 4.75% | Jul 2029 | 1.82x | 100% | Current |
| Sunshine Storage | Plaquemine, LA | Self storage | $3.6M | 7.223% | Jan 2029 | 1.52x | 87% | 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.