Office · Palm Harbor, Florida
Highland Commons
Highland Commons is financed with a $6.5M CMBS loan at 4.24% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,541,921
- Original balance (same notes)
- $7,300,000
- Interest rate
- 4.24% fixed
- Originated
- November 22, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 34125 Us Highway 19 North, Palm Harbor, FL 34684
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Rentable area
- 63,548 sq ft
- Built
- 1989, renovated 2018
- Largest tenants
- Freightcenter Inc.; CHC COWORKING LLC; Green Hills Software Inc
- Value at securitization
- $11.1M (Sep 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.91x | 5.30x |
| Occupancy | 98% | 100% |
| Net operating income (annualized from 3 months) | $913K | $2.3M |
| Debt yield | 35.4% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 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 153% above the underwritten figure ($2.3M a year against $913K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.91x at securitization to 5.30x on the latest statements.
- The filing gives Jul 2029 as the lease end date for the largest tenant (Freightcenter Inc.), 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 | $6.5M | Current | No | 5.30x | 100% |
| August 2026 | $6.6M | Current | No | 5.30x | 100% |
| July 2026 | $6.6M | Current | No | 2.24x | 100% |
| June 2026 | $6.6M | Current | No | 2.24x | 100% |
| May 2026 | $6.6M | Current | No | 2.24x | 100% |
| April 2026 | $6.6M | Current | No | 2.24x | 100% |
| March 2026 | $6.6M | Current | No | 2.24x | 100% |
| February 2026 | $6.6M | Current | No | 2.87x | 100% |
| January 2026 | $6.6M | Current | No | 2.87x | 100% |
| December 2025 | $6.7M | Late payment but less than 30 days delinquent | No | 2.87x | 100% |
| November 2025 | $6.7M | Current | No | 2.87x | 100% |
| October 2025 | $6.7M | Current | No | 3.06x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 | 45 | $6,541,921 | Sep 2026 | SEC filing, September 30, 2026 |
Other Tampa-St. Petersburg-Clearwater loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Westshore Crossing | Tampa, FL | Multifamily | $50.4M | 6.499% | Jul 2029 | n/a | n/a | Current |
| Charleston On 66th | Largo, FL | Multifamily | $37.4M | 3.433% | Nov 2029 | 2.64x | 96% | Current |
| Westshore Center | Tampa, FL | Office | $32.5M | 7.455% | Aug 2029 | 1.60x | 82% | Current |
| Nature Coast Commons | Spring Hill, FL | Retail | $28.5M | 7.14% | Sep 2029 | 1.46x | 97% | Current |
| Agora at Port Richey (FL) | Port Richey, FL | Multifamily | $24.0M | 3.99% | Aug 2029 | 2.39x | 88% | Current |
| Tri Pointe Plaza | Tampa, FL | Mixed use | $22.2M | 3.66% | Nov 2029 | n/a | n/a | Current |
| Hampton Inn Clearwater | Clearwater, FL | Hotel | $17.3M | 4.25% | Sep 2029 | 2.40x | 7% | Current |
| Cypress Point Office Park | Tampa, FL | Office | $13.5M | 4.92% | Jan 2029 | 3.44x | 94% | Current |
All loans maturing in 2029 · All Tampa-St. Petersburg-Clearwater 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.