Retail · Pelican Rapids, Minnesota
Dollar General, Pelican Rapids
Dollar General is financed with a $896K CMBS loan at 6.16% that reaches its anticipated repayment date on March 6, 2029, in 2 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $896,000
- Original balance (same notes)
- $896,000
- Interest rate
- 6.16% fixed
- Originated
- February 27, 2019
- Maturity
- March 6, 2029
- Anticipated repayment date
- March 6, 2029 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment premium ends
- September 5, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- LCF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 800 South Broadway, Pelican Rapids, MN 56572
- Rentable area
- 9,100 sq ft
- Built
- 2018
- Largest tenants
- Dollar General
- Value at securitization
- $1.3M (Oct 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.45x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $81K | n/a |
Watch flags
Computed from the UBS Commercial Mortgage Trust 2019-C16 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $896K | Current | No | n/a | n/a |
| August 2026 | $896K | Late payment but less than 30 days delinquent | No | n/a | n/a |
| July 2026 | $896K | Current | No | n/a | n/a |
| June 2026 | $896K | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $896K | Current | No | n/a | n/a |
| April 2026 | $896K | Current | No | 1.23x | 100% |
| March 2026 | $896K | Current | No | 1.23x | 100% |
| February 2026 | $896K | Current | No | 1.23x | 100% |
| January 2026 | $896K | Late payment but less than 30 days delinquent | No | 1.23x | 100% |
| December 2025 | $896K | Current | No | 1.23x | 100% |
| November 2025 | $896K | Current | No | 1.23x | 100% |
| October 2025 | $896K | Current | No | 1.25x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2019-C16 | 52 | $896,000 | 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.