Office · Jeffersonville, Indiana
Global Payments, Inc.
Public CMBS trusts hold $29.2M of the loan on Global Payments, Inc. at 3.85% that reaches its anticipated repayment date on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $29,167,000
- Original balance (same notes)
- $29,167,000
- Interest rate
- 3.85% fixed
- Originated
- October 15, 2019
- Maturity
- November 6, 2034
- Anticipated repayment date
- November 6, 2029 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Master servicer
- Trimont LLC
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1 Heartland Way, Jeffersonville, IN 47130
- Metro
- Louisville/Jefferson County, KY-IN
- Rentable area
- 226,304 sq ft
- Built
- 2006, renovated 2011
- Largest tenants
- HEARTLAND PAYMENT SYSTEMS INC.
- Value at securitization
- $42.0M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.23x | 2.35x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $2.5M | $2.7M |
| Debt yield | 9.2% |
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 UBS Commercial Mortgage Trust 2019-C18 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Net operating income is 6% above the underwritten figure ($2.7M a year against $2.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.23x at securitization to 2.35x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $29.2M | Current | No | 2.35x | 100% |
| August 2026 | $29.2M | Current | No | 2.37x | 100% |
| July 2026 | $29.2M | Current | No | 2.37x | 100% |
| June 2026 | $29.2M | Current | No | 2.37x | 100% |
| May 2026 | $29.2M | Current | No | 2.32x | 100% |
| April 2026 | $29.2M | Current | No | 2.32x | 100% |
| March 2026 | $29.2M | Current | No | 2.32x | 100% |
| February 2026 | $29.2M | Current | No | 2.32x | 100% |
| January 2026 | $29.2M | Current | No | 2.32x | 100% |
| December 2025 | $29.2M | Current | No | 2.32x | 100% |
| November 2025 | $29.2M | Current | No | 2.32x | 100% |
| October 2025 | $29.2M | Current | No | 2.31x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C54 | 13 | $19,167,000 | Sep 2026 | SEC filing, September 29, 2026 |
| UBS Commercial Mortgage Trust 2019-C18 | 31 | $10,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Louisville/Jefferson County loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Galt House | Louisville, KY | Hotel | $80.6M | 6.75% | Oct 2029 | 3.08x | 56% | Current |
| Westport Distribution Center | Louisville, KY | Industrial | $52.3M | 3.353% | Nov 2029 | n/a | n/a | Current |
| Patriot Crossing | Louisville, KY | Multifamily | $29.8M | 6.75% | Sep 2029 | 1.38x | 95% | Current |
| Meidinger Tower | Louisville, KY | Office | $27.6M | 4.52% | Jul 2029 | -0.87x | 20% | With the special servicer and 90+ days delinquent |
| Veterans Crossing East | Clarsville, IN | Retail | $10.9M | 3.881% | Nov 2029 | n/a | n/a | Current |
| Decimal Point | Louisville, KY | Industrial | $5.7M | 3.61% | Nov 2029 | 3.10x | 100% | Current |
| Woodspring Louisville | Louisville, KY | Hotel | $4.9M | 4.45% | Oct 2029 | 2.04x | 72% | Current |
All loans maturing in 2029 · All Louisville/Jefferson County 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.