Industrial · Moraine, Ohio
IRG Moraine
IRG Moraine is financed with a $11.9M CMBS loan at 4.76% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,924,294
- Original balance (same notes)
- $13,642,500
- Interest rate
- 4.76% fixed
- Originated
- May 2, 2019
- Maturity
- May 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, acting through its New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2601 W Stroop Rd, Moraine, OH 45439
- Metro
- Dayton-Kettering-Beavercreek, OH
- Rentable area
- 679,472 sq ft
- Built
- 1950
- Largest tenants
- Additional Space; Fuyao Asset Management; Yaskawa American, Inc.
- Value at securitization
- $18.2M (Feb 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.70x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.5M | n/a |
Watch flags
Computed from the Benchmark 2019-B11 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 Mar 2028 as the lease end date for the largest tenant (Additional Space), 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 | $11.9M | Current | No | n/a | n/a |
| August 2026 | $12.0M | Current | No | n/a | n/a |
| July 2026 | $12.0M | Current | No | n/a | n/a |
| June 2026 | $12.0M | Current | No | n/a | n/a |
| May 2026 | $12.0M | Current | No | n/a | n/a |
| April 2026 | $12.0M | Current | No | 2.61x | 100% |
| March 2026 | $12.1M | Current | No | 2.61x | 100% |
| February 2026 | $12.1M | Current | No | 2.61x | 100% |
| January 2026 | $12.1M | Current | No | 2.61x | 100% |
| December 2025 | $12.1M | Current | No | 2.61x | 100% |
| November 2025 | $12.2M | Current | No | 2.46x | 100% |
| October 2025 | $12.2M | Current | No | 2.46x | 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 |
|---|---|---|---|---|
| Benchmark 2019-B11 Mortgage Trust | 28 | $11,924,294 | Sep 2026 | SEC filing, September 28, 2026 |
Other Dayton-Kettering-Beavercreek loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Austin Landing | Miamisburg, OH | Mixed use | $47.6M | 3.98% | Dec 2029 | n/a | n/a | Current |
| Austin Landing Mixed-Use | Miamisburg, OH | Mixed use | $36.9M | 3.98% | Dec 2029 | 3.12x | 96% | Current |
| 1800 Union Airpark Boulevard | Union, OH | Industrial | $34.3M | 2.653% | Nov 2029 | n/a | n/a | Late, less than 30 days |
| Crocs Distribution Center | Vandalia, OH | Industrial | $22.2M | 4.04% | Oct 2029 | 1.52x | 100% | Current |
| 1501 Experiment Farm Road | Troy, OH | Industrial | $8.1M | 5.30% | Jan 2029 | 1.30x | 100% | Current |
| Hidden Creek Apartments, Dayton | Dayton, OH | Multifamily | $4.8M | 7.78% | Aug 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
All loans maturing in 2029 · All Dayton-Kettering-Beavercreek 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.