Retail · Coeur D'Alene, Idaho
Ironwood Square
Ironwood Square is financed with a $11.0M CMBS loan at 4.874% that reaches maturity on February 6, 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
- $10,957,264
- Original balance (same notes)
- $12,300,000
- Interest rate
- 4.874% fixed
- Originated
- February 1, 2019
- Maturity
- February 6, 2029
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- December 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 198-230 W Ironwood Dr., Coeur D'Alene, ID 83814
- Rentable area
- 108,366 sq ft
- Built
- 1989, renovated 2019
- Largest tenants
- Ross Dress for less; Staples #942; Norco
- Value at securitization
- $16.4M (Dec 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.62x | 1.32x |
| Occupancy | 94% | 78% |
| Net operating income (annualized from 3 months) | $1.3M | $1.0M |
| Debt yield | 9.6% |
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 JPMCC Commercial Mortgage Securities Trust 2019-COR5 filing for the reporting period ending September 9, 2026, filed with the SEC September 23, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
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
- Occupancy has fallen from 94% when the loan was securitized to 78%.
- Net operating income is 17% below the underwritten figure ($1.0M a year against $1.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.62x at securitization to 1.32x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.0M | Current | No | 1.32x | 78% |
| August 2026 | $11.0M | Current | No | 1.32x | 78% |
| July 2026 | $11.0M | Current | No | 1.32x | 78% |
| June 2026 | $11.0M | Current | No | n/a | n/a |
| May 2026 | $11.0M | Current | No | n/a | n/a |
| April 2026 | $11.1M | Current | No | 1.63x | 78% |
| March 2026 | $11.1M | Current | No | 1.58x | 99% |
| February 2026 | $11.1M | Current | No | 1.58x | 99% |
| January 2026 | $11.1M | Current | No | 1.58x | 99% |
| December 2025 | $11.1M | Current | No | 1.58x | 99% |
| November 2025 | $11.2M | Current | No | 1.69x | 97% |
| October 2025 | $11.2M | Current | No | 1.69x | 97% |
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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2019-COR5 | 19 | $10,957,264 | Sep 2026 | SEC filing, September 23, 2026 |
Other Idaho loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Bestland Apartments | Coeur D’Alene, ID | Multifamily | $2.8M | 4.62% | Sep 2029 | 2.94x | 85% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 9, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.