Retail · South Plainfield, New Jersey
Golden Acres Shopping
Golden Acres Shopping is financed with a $22.5M CMBS loan at 4.80% that reaches maturity on March 6, 2029, in 2 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,500,000
- Original balance (same notes)
- $22,500,000
- Interest rate
- 4.80% fixed
- Originated
- February 28, 2019
- Maturity
- March 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- RMF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently May 6, 2020
- Defeasance
- None reported
The property
- Address
- 686-736 Oak Tree Avenue, South Plainfield, NJ 07080
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 219,903 sq ft
- Built
- 1966, renovated 2016
- Largest tenants
- Saker Properties of South Plainfield, LLC (t0000865); Oak Tree Corp. (t0000656); Blue Bucket Group I, LLC - Formerly Apogee NY LLC (t0000534)
- Value at securitization
- $38.4M (Jan 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.94x | 1.59x |
| Occupancy | 92% | n/a |
| Net operating income (annualized from 3 months) | $2.1M | $1.8M |
| Debt yield | 7.9% |
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 UBS Commercial Mortgage Trust 2019-C16 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- 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 ($1.8M a year against $2.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.94x at securitization to 1.59x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.5M | Current | No | 1.59x | n/a |
| August 2026 | $22.5M | Current | No | 1.59x | n/a |
| July 2026 | $22.5M | Current | No | 1.59x | n/a |
| June 2026 | $22.5M | Current | No | n/a | n/a |
| May 2026 | $22.5M | Current | No | n/a | n/a |
| April 2026 | $22.5M | Current | No | 1.58x | 83% |
| March 2026 | $22.5M | Current | No | 1.58x | 83% |
| February 2026 | $22.5M | Current | No | 1.58x | 83% |
| January 2026 | $22.5M | Current | No | 1.58x | 83% |
| December 2025 | $22.5M | Current | No | 1.58x | 83% |
| November 2025 | $22.5M | Current | No | 1.58x | 83% |
| October 2025 | $22.5M | Current | No | 1.58x | 83% |
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2019-C16 | 10 | $22,500,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1633 Broadway | New York, NY | Office | $780.0M | 2.99% | Dec 2029 | 2.87x | 76% | Current |
| 650 Madison Avenue | New York, NY | Mixed use | $545.8M | 3.486% | Dec 2029 | 1.25x | 62% | Current |
| Queens Center | Elmhurst, NY | Retail | $510.0M | 5.37% | Nov 2029 | 1.94x | 93% | Current |
| 3 Columbus Circle | New York, NY | Mixed use | $490.0M | 3.914% | Mar 2029 | 2.80x | 90% | Current |
| 30 Hudson Yards | New York, NY | Office | $422.0M | 3.11% | Jul 2029 | n/a | n/a | Current |
| 55 Hudson Yards | New York, NY | Office | $371.7M | 2.95% | Dec 2029 | n/a | n/a | Current |
| Gateway Center North | Brooklyn, NY | Retail | $300.0M | 6.827% | Nov 2029 | n/a | n/a | Current |
| 640 5th Avenue | New York, NY | Mixed use | $288.6M | 6.129% | Jul 2029 | 2.35x | 90% | Current |
All loans maturing in 2029 · All New York-Newark-Jersey City 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.