Multifamily portfolio, 2 properties · Fort Myers, Florida
Grand Apartments
This portfolio is financed with a $6.0M CMBS loan at 4.30% that reaches maturity on September 6, 2030, in 3 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,021,391
- Original balance (same notes)
- $6,750,000
- Interest rate
- 4.30% fixed
- Originated
- August 13, 2020
- Maturity
- September 6, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 5, 2030
- Master servicer
- Berkadia
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2810 & 2840 Grand Avenue, 2034, 2056 & 2058 Canal Street 2041 2041 & 2057 Linhart Avenue, Fort Myers, FL 33901
- Metro
- Cape Coral-Fort Myers, FL
- Value at securitization
- $10.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $615K | $1.1M |
| Debt yield | 18.7% |
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 BENCHMARK 2020-B19 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
- Net operating income is 83% above the underwritten figure ($1.1M a year against $615K; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Grand Apartments | Fort Myers, FL | Multifamily | n/a | n/a |
| Thomas Street Apartments | Fort Myers, FL | Multifamily | 63% | 1.39x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.0M | Current | No | n/a | n/a |
| August 2026 | $6.0M | Current | No | n/a | n/a |
| July 2026 | $6.0M | Current | No | n/a | n/a |
| June 2026 | $6.1M | Current | No | n/a | n/a |
| May 2026 | $6.1M | Current | No | n/a | n/a |
| April 2026 | $6.1M | Current | No | n/a | n/a |
| March 2026 | $6.1M | Current | No | n/a | n/a |
| February 2026 | $6.1M | Current | No | n/a | n/a |
| January 2026 | $6.1M | Current | No | n/a | n/a |
| December 2025 | $6.1M | Current | No | n/a | n/a |
| November 2025 | $6.1M | Current | No | n/a | n/a |
| October 2025 | $6.1M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BENCHMARK 2020-B19 MORTGAGE TRUST | 35 | $6,021,391 | Sep 2026 | SEC filing, September 30, 2026 |
Other Cape Coral-Fort Myers loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Portofino Cove | Fort Myers, FL | Multifamily | $34.5M | 3.817% | Mar 2030 | 1.33x | 91% | Current |
| Bonita Springs MHP | Bonita Springs, FL | Manufactured housing | $3.7M | 6.05% | Jan 2030 | 1.23x | 100% | Current |
All loans maturing in 2030 · All Cape Coral-Fort Myers 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.