Office · Chapel Hill, North Carolina
Castalia at Meadowmont
Castalia at Meadowmont is financed with a $8.8M CMBS loan at 3.669% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,764,885
- Original balance (same notes)
- $8,764,885
- Interest rate
- 3.669% fixed
- Originated
- November 14, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Cantor Commercial Real Estate Lending, L.P.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 301 W Barbee Chapel Rd, Chapel Hill, NC 27517
- Metro
- Durham-Chapel Hill, NC
- Rentable area
- 48,323 sq ft
- Built
- 2008
- Largest tenants
- Morgan Creek Capital Management, LLC; Avance Health Systems, Inc.; UBS Financial Services Inc
- Value at securitization
- $13.9M (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.72x | 3.31x |
| Occupancy | 84% | 96% |
| Net operating income (annualized from 6 months) | $885K | $2.2M |
| Debt yield | 24.8% |
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 CF 2019-CF3 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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
- Occupancy has risen from 84% when the loan was securitized to 96%.
- Net operating income is 146% above the underwritten figure ($2.2M a year against $885K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.72x at securitization to 3.31x on the latest statements.
- The filing gives Jul 2026 as the lease end date for the largest tenant (Morgan Creek Capital Management, LLC), 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 | $8.8M | Current | No | 3.31x | 96% |
| August 2026 | $8.8M | Current | No | 3.30x | 96% |
| July 2026 | $8.8M | Current | No | 3.30x | 96% |
| June 2026 | $8.8M | Current | No | 3.30x | 96% |
| May 2026 | $8.8M | Current | No | n/a | n/a |
| April 2026 | $8.8M | Current | No | 2.84x | 97% |
| March 2026 | $8.8M | Current | No | 2.84x | 97% |
| February 2026 | $8.8M | Current | No | 2.84x | 97% |
| January 2026 | $8.8M | Current | No | 2.59x | 97% |
| December 2025 | $8.8M | Current | No | 2.59x | 97% |
| November 2025 | $8.8M | Current | No | 2.59x | 97% |
| October 2025 | $8.8M | Current | No | 2.32x | 92% |
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 |
|---|---|---|---|---|
| CF 2019-CF3 Mortgage Trust | 28 | $8,764,885 | Sep 2026 | SEC filing, September 30, 2026 |
Other Durham-Chapel Hill loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 4813, 4815 & 4721 Emperor Boulevard and 1005, 1007 & 1009 Slater Road | Durham, NC | Office | $108.0M | 7.364% | Mar 2029 | n/a | n/a | Current |
| Exchange On Erwin | Durham, NC | Mixed use | $75.5M | 3.421% | Dec 2029 | 0.99x | n/a | Current |
| C.I.G. Multifamily Portfolio | Roxboro, NC | Multifamily | $24.5M | 6.984% | Jul 2029 | n/a | n/a | Current |
| North Carolina Technical Park | Durham, NC | Industrial | $22.2M | 4.50% | Jul 2029 | 1.25x | 58% | Current |
| Marriott Durham City Center | Durham, NC | Hotel | $19.5M | 8.05% | Sep 2029 | 1.84x | n/a | Current |
| Bee Safe Storage - Creekside | Apex, NC | Self storage | $7.5M | 6.964% | Feb 2029 | 1.58x | 96% | Current |
| The Courtyard of Chapel Hill | Chapel Hill, NC | Mixed use | $7.4M | 3.78% | Jul 2029 | 2.98x | 100% | Current |
| Vilcom Office | Chapel Hill, NC | Office | $4.9M | 4.435% | Dec 2029 | 1.39x | 85% | With the special servicer and 90+ days delinquent |
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.