Multifamily · Baton Rouge, Louisiana
Edgewood Apartments, Baton Rouge
Edgewood Apartments is financed with a $16.1M CMBS loan at 4.09% 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
- $16,116,605
- Original balance (same notes)
- $18,550,000
- Interest rate
- 4.09% fixed
- Originated
- September 26, 2019
- Maturity
- October 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- January 5, 2022
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4949 Stumberg Lane, Baton Rouge, LA 70816
- Metro
- Baton Rouge, LA
- Units, rooms or beds
- 264
- Built
- 1985
- Value at securitization
- $25.7M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.47x | 1.33x |
| Occupancy | 90% | 97% |
| Net operating income | $1.6M | $1.4M |
| Debt yield | 8.9% |
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.
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 90% when the loan was securitized to 97%.
- Net operating income is 9% below the underwritten figure ($1.4M a year against $1.6M).
- Debt service coverage moved from 1.47x at securitization to 1.33x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.1M | Current | No | 1.33x | 97% |
| August 2026 | $16.1M | Current | No | 1.31x | 97% |
| July 2026 | $16.2M | Current | No | 1.31x | 97% |
| June 2026 | $16.2M | Current | No | 1.31x | 97% |
| May 2026 | $16.2M | Current | No | 1.31x | 97% |
| April 2026 | $22.8M | Current | No | 1.91x | 100% |
| March 2026 | $16.3M | Current | No | 1.30x | 91% |
| February 2026 | $16.4M | Current | No | 1.30x | 91% |
| January 2026 | $16.4M | Current | No | 1.30x | 91% |
| December 2025 | $16.4M | Current | No | 1.30x | 91% |
| November 2025 | $16.4M | Current | No | 1.30x | 91% |
| October 2025 | $16.5M | Current | No | 1.31x | 91% |
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 |
|---|---|---|---|---|
| CSAIL 2019-C18 Commercial Mortgage Trust | 11 | $16,116,605 | Sep 2026 | SEC filing, September 28, 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 |
| Bluebonnet Village | Baton Rouge, LA | Retail | $10.9M | 4.25% | Sep 2029 | 1.95x | 93% | 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 September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.