Industrial · Muncie, Indiana
Fedex Muncie
Fedex Muncie is financed with a $792K CMBS loan at 4.60% 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 with the special servicer.
The loan
- Balance in tracked trusts
- $792,028
- Original balance (same notes)
- $950,000
- Interest rate
- 4.60% fixed
- Originated
- September 12, 2019
- Maturity
- October 6, 2029
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- July 5, 2029
- Master servicer
- Trimont LLC
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred April 8, 2026
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 3801 South Cowan Road, Muncie, IN 47302
- Rentable area
- 13,875 sq ft
- Built
- 1991
- Largest tenants
- FEDEX CORPORATE SERVICES INC
- Value at securitization
- $1.6M (Jun 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.52x | 1.57x |
| Occupancy | 100% | 100% |
| Net operating income | $97K | $101K |
| Debt yield | 12.7% |
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 UBS Commercial Mortgage Trust 2019-C17 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
On the cmbs.news watch list in every report since April 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
- The filing gives Sep 2028 as the lease end date for the largest tenant (FEDEX CORPORATE SERVICES INC), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $792K | Late payment but less than 30 days delinquent | Yes | 1.57x | 100% |
| August 2026 | $792K | Current | Yes | 1.57x | 100% |
| July 2026 | $801K | 60-89 days delinquent | Yes | 1.57x | 100% |
| June 2026 | $801K | 30-59 days delinquent | Yes | 1.57x | 100% |
| May 2026 | $801K | Late payment but less than 30 days delinquent | Yes | 1.57x | 100% |
| April 2026 | $801K | Current | Yes | 1.57x | 100% |
| March 2026 | $803K | Current | No | 1.57x | 100% |
| February 2026 | $806K | Current | No | 1.57x | 100% |
| January 2026 | $808K | Current | No | 1.57x | 100% |
| December 2025 | $810K | Current | No | 1.57x | 100% |
| November 2025 | $812K | Current | No | 1.57x | 100% |
| October 2025 | $814K | Current | No | 1.57x | 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.
Special-servicing history
- Transferred to the special servicer April 8, 2026, still there.
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2019-C17 | 67 | $792,028 | Sep 2026 | SEC filing, September 28, 2026 |
Other Indiana loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mcgalliard Mall Shoppes | Muncie, IN | Retail | $6.2M | 4.78% | Apr 2029 | 0.56x | 55% | With the special servicer and 90+ days delinquent |
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.