Multifamily portfolio, 4 properties · Bemidji, Minnesota
Cottage Park Townhomes
This portfolio is financed with a $7.8M CMBS loan at 4.60% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,750,866
- Original balance (same notes)
- $8,800,000
- Interest rate
- 4.60% fixed
- Originated
- October 28, 2019
- Maturity
- November 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- January 5, 2022
- Prepayment premium ends
- August 5, 2029 (yield maintenance)
- Originator
- Bayview Commercial Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 1, 2020, returned August 3, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently June 6, 2020
- Defeasance
- Partly defeased
The property
- Address
- 3001, 3002, 3003 Goldencrest Court Nw, Bemidji, MN 56601
- Value at securitization
- $12.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $838K | $932K |
| Debt yield | 12.0% |
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 CSAIL 2019-C18 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Modified
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
- Net operating income is 11% above the underwritten figure ($932K a year against $838K).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Cottage Park Townhomes | Bemidji, MN | Multifamily | 98% | 1.72x |
| Supreme Business Center | Bemidji, MN | Mixed Use | n/a | n/a |
| 519 Anne Street Northwest | Bemidji, MN | Mixed Use | n/a | n/a |
| Stonegate Studios | Bemidji, MN | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.8M | Current | No | 1.72x | 98% |
| August 2026 | $7.8M | Current | No | 1.72x | 98% |
| July 2026 | $7.8M | Current | No | 1.72x | 98% |
| June 2026 | $7.8M | Current | No | n/a | n/a |
| May 2026 | $7.8M | Current | No | n/a | n/a |
| April 2026 | $11.1M | Current | No | n/a | n/a |
| March 2026 | $7.8M | Current | No | 1.68x | 98% |
| February 2026 | $7.9M | Current | No | 1.69x | 98% |
| January 2026 | $7.9M | Current | No | 1.69x | 98% |
| December 2025 | $7.9M | Current | No | 1.66x | 100% |
| November 2025 | $7.9M | Current | No | 1.66x | 100% |
| October 2025 | $7.9M | Current | No | 1.69x | 98% |
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 June 1, 2020, returned to the master servicer August 3, 2021.
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2019-C18 Commercial Mortgage Trust | 27 | $7,750,866 | Sep 2026 | SEC filing, September 28, 2026 |
Other Minnesota loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Wells Fargo Place | St. Paul, MN | Office | $60.0M | 3.40% | Nov 2029 | 2.23x | 85% | Current |
| Hy-Vee - Oakdale (10th Street), MN | Oakdale, MN | Retail | $55.0M | 4.582% | Apr 2029 | n/a | n/a | Current |
| The Archive Apartments | Minneapolis, MN | Multifamily | $47.9M | 6.92% | Jun 2029 | 1.32x | 93% | Current |
| Plymouth Corporate Center | Plymouth, MN | Office | $45.7M | 4.99% | Jan 2029 | 1.67x | 91% | With the special servicer and 90+ days delinquent |
| Grand Oaks Business Park | Eagan, MN | Office | $45.7M | 4.85% | Feb 2029 | 1.02x | 64% | Current |
| Hy-Vee - Savage, MN | Savage, MN | Retail | $40.0M | 3.494% | Dec 2029 | n/a | n/a | Current |
| ATRIA Corporate Center | Plymouth, MN | Office | $37.7M | 4.895% | Apr 2029 | 1.29x | 72% | Current |
| Seagate Shakopee | Shakopee, MN | Industrial | $23.4M | 7.56% | Jan 2029 | 1.49x | 100% | 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.