Office · St Louis, Missouri
Gateway Tower, St Louis
Gateway Tower is financed with a $13.2M CMBS loan at 4.015% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $13,199,808
- Original balance (same notes)
- $13,850,000
- Interest rate
- 4.015% fixed
- Originated
- September 11, 2019
- Maturity
- September 6, 2029
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- March 5, 2029
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred October 22, 2025
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 1 Memorial Drive, St Louis, MO 63102
- Metro
- St. Louis, MO-IL
- Rentable area
- 213,229 sq ft
- Built
- 1966, renovated 2014
- Largest tenants
- CRAWFORD; EAST WEST GATEWAY COUNCIL OF GOVERNMENTS; OCULUS INC.
- Value at securitization
- $19.8M (Jun 2019)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 2.31x | 0.72x |
| Occupancy | 87% | 48% |
| Net operating income (annualized from 9 months) | $1.8M | $191K |
| Debt yield | 1.5% |
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 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
- 30+ days delinquent or matured unpaid
- 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 87% when the loan was securitized to 48%.
- Net operating income is 90% below the underwritten figure ($191K a year against $1.8M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 2.31x at securitization to 0.72x on the latest statements.
- At 0.72x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $6.7M (March 12, 2026), against $19.8M at securitization.
- The filing gives Sep 2028 as the lease end date for the largest tenant (CRAWFORD), 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 | $13.2M | 90+ days delinquent | Yes | 0.72x | 48% |
| August 2026 | $13.2M | 60-89 days delinquent | Yes | 0.72x | 48% |
| July 2026 | $13.2M | 30-59 days delinquent | Yes | 0.72x | 48% |
| June 2026 | $13.2M | Late payment but less than 30 days delinquent | Yes | 0.72x | 48% |
| May 2026 | $13.2M | Current | Yes | 0.72x | 48% |
| April 2026 | $13.3M | 90+ days delinquent | Yes | 0.72x | 48% |
| March 2026 | $13.3M | 60-89 days delinquent | Yes | 0.72x | 48% |
| February 2026 | $13.3M | 30-59 days delinquent | Yes | 0.72x | 48% |
| January 2026 | $13.3M | Late payment but less than 30 days delinquent | Yes | 0.64x | 53% |
| December 2025 | $13.3M | Current | Yes | 0.64x | 53% |
| November 2025 | $13.3M | Current | Yes | 0.64x | 53% |
| October 2025 | $13.3M | Current | No | 0.64x | 53% |
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 December 28, 2023, returned to the master servicer September 25, 2025.
- Transferred to the special servicer October 22, 2025, 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 | 22 | $13,199,808 | Sep 2026 | SEC filing, September 28, 2026 |
Other St. Louis loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 5301 Old Baumgartner Road | St Louis, MO | Industrial | $60.0M | 5.176% | Oct 2029 | n/a | n/a | Current |
| Chroma Apartments | St. Louis, MO | Multifamily | $50.0M | 3.962% | Nov 2029 | 1.34x | 80% | Current |
| Norwood Court Apartments | St. Louis, MO | Multifamily | $41.3M | 6.318% | Aug 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 575 Maryville | Town & Country, MO | Office | $35.0M | 4.822% | Jan 2029 | 2.27x | 86% | Current |
| Tribeca Apartments | St. Louis, MO | Multifamily | $24.2M | 3.49% | Nov 2029 | 1.98x | 93% | Current |
| Mark Twain Village | St. Charles, MO | Retail | $19.6M | 4.13% | Jun 2029 | 1.80x | 95% | Current |
| Capital at St. Charles | Saint Charles, MO | Multifamily | $16.5M | 3.84% | Aug 2029 | 3.64x | 96% | Current |
| Magnolia Hotel St. Louis | St. Louis, MO | Hotel | $14.4M | 4.77% | May 2029 | -1.29x | 59% | 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.