Other portfolio, 186 properties · Honolulu, Hawaii
ILPT Hawaii Portfolio
Public CMBS trusts hold $109.0M of the loan on this portfolio at 4.31% that reaches maturity on February 7, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $109,000,000
- Original balance (same notes)
- $109,000,000
- Interest rate
- 4.31% fixed
- Originated
- January 29, 2019
- Maturity
- February 7, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- May 6, 2021
- Prepayment premium ends
- August 6, 2028 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Metro
- Urban Honolulu, HI
- Built
- 1950
- Value at securitization
- $1.4B
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.42x | 2.85x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $68.8M | $77.1M |
| Debt yield | 70.8% |
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 BBCMS Mortgage Trust 2019-C4 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 12% above the underwritten figure ($77.1M a year against $68.8M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.42x at securitization to 2.85x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $109.0M | Current | No | 2.85x | 100% |
| August 2026 | $109.0M | Current | No | 2.85x | 100% |
| July 2026 | $109.0M | Current | No | 2.85x | 100% |
| June 2026 | $109.0M | Current | No | 2.76x | 100% |
| May 2026 | $109.0M | Current | No | 2.74x | 100% |
| April 2026 | $109.0M | Current | No | 2.74x | 100% |
| March 2026 | $109.0M | Current | No | 2.74x | 100% |
| February 2026 | $109.0M | Current | No | 2.74x | 100% |
| January 2026 | $109.0M | Current | No | 2.74x | 100% |
| December 2025 | $109.0M | Current | No | 2.73x | 100% |
| November 2025 | $109.0M | Current | No | 2.73x | 100% |
| October 2025 | $109.0M | Current | No | 2.73x | 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 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2019-BNK17 | 6 | $50,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2019-BNK18 | 9 | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2019-C4 | 10 | $19,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Urban Honolulu loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 2810 Pukoloa Street | Honolulu, HI | Other | $151.0M | 4.31% | Feb 2029 | n/a | n/a | Current |
| Waterfront Plaza | Honolulu, HI | Mixed use | $102.0M | 4.415% | Jun 2029 | 1.19x | 85% | Current |
| Hyatt Centric Hotel-Waikiki | Honolulu, HI | Hotel | $69.0M | 7.40% | Sep 2029 | 1.28x | 90% | 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.