Retail · Baton Rouge, Louisiana
Hammond Aire Plaza
Hammond Aire Plaza is financed with a $27.8M CMBS loan at 3.51% that reaches maturity on March 5, 2030, in 3 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
- $27,772,989
- Original balance (same notes)
- $29,800,000
- Interest rate
- 3.51% fixed
- Originated
- February 19, 2020
- Maturity
- March 5, 2030
- Payments
- Interest only for 40 months, then amortizing
- Prepayment lockout ended
- March 4, 2023
- Master servicer
- Midland Loan Services
- Originator
- Grass River Real Estate Credit Partners Loan Funding, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 9616-9638 Airline Highway, Baton Rouge, LA 70815
- Metro
- Baton Rouge, LA
- Rentable area
- 349,660 sq ft
- Built
- 1985, renovated 2009
- Largest tenants
- Burlington Coat Factory; Crunch Fitness / Fitness Ventures; K&G Men's Company, LLC
- Value at securitization
- $48.3M (Nov 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.11x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $3.5M | n/a |
Watch flags
Computed from the CSAIL 2020-C19 Commercial Mortgage Trust 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
- The filing gives Aug 2029 as the lease end date for the largest tenant (Burlington Coat Factory), 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 | $27.8M | Current | No | n/a | n/a |
| August 2026 | $27.8M | Current | No | n/a | n/a |
| July 2026 | $27.9M | Current | No | n/a | n/a |
| June 2026 | $27.9M | Current | No | n/a | n/a |
| May 2026 | $28.0M | Current | No | n/a | n/a |
| April 2026 | $28.1M | Current | No | 4.21x | 89% |
| March 2026 | $28.1M | Current | No | 4.21x | 89% |
| February 2026 | $28.2M | Current | No | 4.21x | 89% |
| January 2026 | $28.2M | Current | No | 4.21x | 89% |
| December 2025 | $28.3M | Current | No | 4.21x | 89% |
| November 2025 | $28.3M | Current | No | 4.74x | 89% |
| October 2025 | $28.4M | Current | No | 4.74x | 89% |
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 |
|---|---|---|---|---|
| CSAIL 2020-C19 Commercial Mortgage Trust | 12 | $27,772,989 | Sep 2026 | SEC filing, September 28, 2026 |
Other Baton Rouge loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sherwood Acres | Baton Rouge, LA | Multifamily | $33.5M | 5.95% | Nov 2030 | n/a | n/a | Current |
| Cedarbrook & Oak Lane Apartments | Baton Rouge, LA | Multifamily | $25.0M | 6.39% | Nov 2030 | n/a | n/a | Current |
| Climastor Portfolio | Baton Rouge, LA | Self storage | $10.9M | 5.996% | Nov 2030 | n/a | n/a | Current |
| Climastor 5 | Baton Rouge, LA | Self storage | $8.5M | 3.704% | Dec 2030 | 2.27x | 84% | Current |
| Market Center | Baton Rouge, LA | Retail | $6.7M | 7.35% | Apr 2030 | 1.53x | 86% | 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.