Industrial portfolio, 16 properties · San Antonio, Texas
FedEx Ground Package System - San Antonio
Public CMBS trusts hold $77.8M of the loan on this portfolio at 4.489% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $77,797,821
- Original balance (same notes)
- $97,500,000
- Interest rate
- 4.489% fixed
- Originated
- April 12, 2019
- Maturity
- May 6, 2029
- Payments
- Interest only for the full term
- Prepayment premium ends
- February 5, 2029 (yield maintenance)
- Originator
- Societe Generale Financial Corporation/Column Financial, Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently November 19, 2025
- Defeasance
- Partly defeased
The property
- Address
- 6808 Ascot Park Drive, San Antonio, TX 78238
- Metro
- San Antonio-New Braunfels, TX
- Value at securitization
- $150.1M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $9.6M | $7.9M |
| Debt yield | 10.2% |
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-C16 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 17% below the underwritten figure ($7.9M a year against $9.6M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| FedEx Ground Package System - San Antonio | San Antonio, TX | Industrial | 100% | 1.76x |
| Rubbermaid - Akron | Akron, OH | Industrial | 100% | 2.35x |
| Bush Industries - Jamestown | Jamestown, NY | Industrial | 100% | 2.20x |
| Chemours - Pass Christian | Pass Christian, MS | Industrial | 100% | 2.38x |
| Wolverine World Wide - Howard City | Howard City, MI | Industrial | n/a | n/a |
| FedEx Freight - Greenville | Greenville, NC | Industrial | 100% | 2.11x |
| Diebold Nixdorf - North Canton | North Canton, OH | Industrial | n/a | n/a |
| FedEx Freight - Blackfoot | Blackfoot, ID | Industrial | 100% | 2.07x |
| Mapes & Sprowl Steel - Elk Grove Village | Elk Grove Village, IL | Industrial | 100% | 2.74x |
| XPO Logistics - Grand Rapids | Grand Rapids, MI | Industrial | 100% | 2.31x |
| XPO Logistics - Aurora | Aurora, NE | Industrial | 100% | 2.52x |
| XPO Logistics - Salina | Salina, KS | Industrial | 100% | 2.94x |
| XPO Logistics - Riverton | Riverton, IL | Industrial | 100% | 2.35x |
| XPO Logistics - Waite Park | Waite Park, MN | Industrial | 100% | 2.15x |
| XPO Logistics - Uhrichsville | Uhrichsville, OH | Industrial | 100% | 2.84x |
| XPO Logistics - Vincennes | Vincennes, IN | Industrial | 100% | 3.00x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $77.8M | Current | No | 1.76x | 100% |
| August 2026 | $77.8M | Current | No | 1.76x | n/a |
| July 2026 | $77.8M | Current | No | 1.76x | n/a |
| June 2026 | $77.8M | Current | No | n/a | n/a |
| May 2026 | $77.8M | Current | No | n/a | n/a |
| April 2026 | $77.8M | Current | No | 1.75x | 100% |
| March 2026 | $77.8M | Current | No | 1.75x | 100% |
| February 2026 | $77.8M | Current | No | 1.75x | 100% |
| January 2026 | $77.8M | Current | No | 1.75x | 100% |
| December 2025 | $77.8M | Current | No | 1.75x | 100% |
| November 2025 | $90.1M | Current | No | 1.75x | 100% |
| October 2025 | $90.1M | Current | No | 1.75x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C3 | 3 | $38,898,911 | Sep 2026 | SEC filing, September 29, 2026 |
| CSAIL 2019-C16 Commercial Mortgage Trust | 2 | $38,898,911 | Sep 2026 | SEC filing, September 28, 2026 |
Other San Antonio-New Braunfels loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| USRA Marathon Oil Building | San Antonio, TX | Office | $110.0M | 3.65% | Sep 2029 | 2.06x | 100% | Current |
| The Light Building | San Antonio, TX | Office | $43.5M | 6.86% | Jun 2029 | 1.38x | 86% | Current |
| Forward Storage San Antonio | San Antonio, TX | Self storage | $30.9M | 7.42% | Jan 2029 | 1.20x | 100% | Current |
| 19100 Ridgewood | San Antonio, TX | Office | $30.0M | 3.65% | Sep 2029 | 2.04x | 100% | Current |
| Courtyard By Marriott San Antonio Riverwalk | San Antonio, TX | Hotel | $27.8M | 5.35% | Jan 2029 | 2.23x | 63% | Late, less than 30 days |
| Terrell Plaza | San Antonio, TX | Retail | $16.6M | 6.95% | Feb 2029 | 1.55x | 96% | Current |
| Courtyard Plaza | New Braunfels, TX | Retail | $14.4M | 4.67% | Jul 2029 | 2.53x | 97% | Late, less than 30 days |
| Fairfield Inn & Suites and Springhill Suites San Antonio Downtown | San Antonio, TX | Hotel | $12.8M | 4.27% | Aug 2029 | 1.76x | 68% | Current |
All loans maturing in 2029 · All San Antonio-New Braunfels 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.