Office · Atlanta, Georgia
Eleven Seventeen Perimeter
Public CMBS trusts hold $44.0M of the loan on Eleven Seventeen Perimeter at 4.18% that reaches maturity on July 1, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $44,000,000
- Original balance (same notes)
- $44,000,000
- Interest rate
- 4.18% fixed
- Originated
- June 3, 2019
- Maturity
- July 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 30, 2028
- Master servicer
- Midland
- Originator
- MSBNA
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1117 Perimeter Center West, Atlanta, GA 30338
- Metro
- Atlanta-Sandy Springs-Roswell, GA
- Rentable area
- 392,726 sq ft
- Built
- 1985, renovated 2004
- Largest tenants
- Tropical Smoothie Cafe; The Stonehill Group; TekStream Solutions
- Value at securitization
- $66.9M (Apr 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.67x | 0.59x |
| Occupancy | 85% | 41% |
| Net operating income (annualized from 3 months) | $5.0M | $1.1M |
| Debt yield | 2.5% |
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 BANK 2019-BNK20 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 fallen from 85% when the loan was securitized to 41%.
- Net operating income is 78% below the underwritten figure ($1.1M a year against $5.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.67x at securitization to 0.59x on the latest statements.
- At 0.59x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $44.0M | Late payment but less than 30 days delinquent | No | 0.90x | 42% |
| August 2026 | $44.0M | Current | No | 0.59x | 41% |
| July 2026 | $44.0M | Current | No | 0.59x | 41% |
| June 2026 | $44.0M | Current | No | 0.59x | 41% |
| May 2026 | $44.0M | Current | No | 0.54x | 40% |
| April 2026 | $44.0M | Current | No | 0.54x | 40% |
| March 2026 | $44.0M | Current | No | 0.54x | 40% |
| February 2026 | $44.0M | Current | No | 0.54x | 40% |
| January 2026 | $44.0M | Current | No | 0.54x | 40% |
| December 2025 | $44.0M | Current | No | 0.54x | 40% |
| November 2025 | $44.0M | Current | No | 0.61x | 43% |
| October 2025 | $44.0M | Current | No | 0.70x | 42% |
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2019-BNK19 | 20 | $15,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Morgan Stanley Capital I Trust 2019-H7 | 22 | $12,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2019-BNK20 | 21 | $10,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2019-BNK20 | 21A | $7,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Atlanta-Sandy Springs-Roswell loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Colony Square | Atlanta, GA | Mixed use | $260.0M | 7.375% | Oct 2029 | n/a | n/a | Current |
| Embassy Suites At Centennial Olympic Park | Atlanta, GA | Hotel | $73.0M | 4.59% | Jul 2029 | 1.89x | 74% | Current |
| 1198 Woodland Avenue NE | Atlanta, GA | Multifamily | $66.5M | 6.348% | Aug 2029 | n/a | n/a | Current |
| Wildwood Center | Atlanta, GA | Office | $65.0M | 7.98% | Mar 2029 | 1.45x | 81% | Current |
| Sugarloaf Mills | Lawrenceville, GA | Retail | $62.8M | 8.017% | May 2029 | 3.05x | 87% | Current |
| Westin Atlanta Airport | Atlanta, GA | Hotel | $52.6M | 4.62% | Apr 2029 | n/a | n/a | Current |
| AVR Renaissance Atlanta Airport Gateway Hotel | Atlanta, GA | Hotel | $48.0M | 3.65% | Dec 2029 | n/a | n/a | Current |
| Reverb by Hard Rock Hotel | Atlanta, GA | Hotel | $42.0M | 7.97% | Feb 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Atlanta-Sandy Springs-Roswell loans
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.