Retail · Pembroke Pines, Florida
Flamingo Pines Plaza
Flamingo Pines Plaza is financed with a $29.1M CMBS loan at 4.37% 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 current.
The loan
- Balance in tracked trusts
- $29,124,309
- Original balance (same notes)
- $33,500,000
- Interest rate
- 4.37%
- Originated
- June 14, 2019
- Maturity
- July 1, 2029
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 12502-12630 Pines Blvd, Pembroke Pines, FL 33027
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 139,462 sq ft
- Built
- 1987
- Largest tenants
- Florida Technical College; USPS; Goodwill
- Value at securitization
- $49.6M (May 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.87x |
| Occupancy | 97% | 100% |
| Net operating income | n/a | $3.8M |
| Debt yield | 12.9% |
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 CF 2019-CF2 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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 97% when the loan was securitized to 100%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $29.1M | Not reported | No | 1.87x | 100% |
| August 2026 | $29.2M | Not reported | No | 1.87x | 99% |
| July 2026 | $29.2M | Not reported | No | 1.87x | 99% |
| June 2026 | $29.3M | Not reported | No | 1.87x | 99% |
| May 2026 | $29.4M | Not reported | No | 1.87x | 99% |
| April 2026 | $29.4M | Not reported | No | 1.87x | 99% |
| March 2026 | $29.5M | Not reported | No | 1.87x | 99% |
| February 2026 | $29.5M | Not reported | No | 1.91x | 99% |
| January 2026 | $29.6M | Not reported | No | 1.93x | 99% |
| December 2025 | $29.7M | Not reported | No | 1.93x | 100% |
| November 2025 | $29.7M | Not reported | No | 1.93x | 100% |
| October 2025 | $29.8M | Not reported | No | 1.93x | 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 |
|---|---|---|---|---|
| CF 2019-CF2 Mortgage Trust | 6 | $29,124,309 | Sep 2026 | SEC filing, September 30, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Royal Palm Place | Boca Raton, FL | Mixed use | $110.0M | 3.81% | Nov 2029 | 2.98x | 98% | Current |
| Northbridge Centre | West Palm Beach, FL | Office | $96.0M | 6.905% | Sep 2029 | 1.43x | 75% | Current |
| University Pointe | Davie, FL | Multifamily | $85.8M | 6.70% | Jun 2029 | 1.79x | 90% | Current |
| Royal Palm I & II | Plantation, FL | Office | $68.2M | 6.45% | Nov 2029 | 7.80x | 82% | Current |
| The Avenue | Davie, FL | Multifamily | $60.0M | 4.992% | Jan 2029 | 2.47x | 96% | Current |
| The Brazilian Court Hotel | Palm Beach, FL | Hotel | $54.5M | 7.50% | Dec 2029 | 1.57x | 52% | Current |
| One Town Center | Boca Raton, FL | Office | $51.0M | 7.338% | Jul 2029 | 1.19x | 94% | Current |
| West Palm Gardens | West Palm Beach, FL | Multifamily | $50.0M | 6.45% | Oct 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Miami-Fort Lauderdale-West Palm Beach 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.