Other · Kings Mountain, North Carolina
Kings Mountain Center
Public CMBS trusts hold $40.4M of the loan on Kings Mountain Center at 4.65% that reaches maturity on April 1, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $40,424,730
- Original balance (same notes)
- $42,000,000
- Interest rate
- 4.65% fixed
- Originated
- March 28, 2019
- Maturity
- April 1, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- May 31, 2021
- Prepayment premium ends
- November 30, 2028 (yield maintenance)
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 140 Riverside Court, Kings Mountain, NC 28086
- Rentable area
- 215,000 sq ft
- Built
- 2007, renovated 2011
- Largest tenants
- Ensono Inc.
- Value at securitization
- $75.0M (Feb 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.86x | 2.18x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $4.8M | $11.4M |
| Debt yield | 28.3% |
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 CSAIL 2019-C16 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
- Net operating income is 136% above the underwritten figure ($11.4M a year against $4.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.86x at securitization to 2.18x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $40.4M | Current | No | 2.18x | 100% |
| August 2026 | $40.5M | Current | No | n/a | n/a |
| July 2026 | $40.5M | Current | No | n/a | n/a |
| June 2026 | $40.6M | Current | No | n/a | n/a |
| May 2026 | $40.6M | Current | No | n/a | n/a |
| April 2026 | $40.7M | Current | No | 2.15x | 100% |
| March 2026 | $40.8M | Current | No | 2.15x | 100% |
| February 2026 | $40.8M | Current | No | 2.14x | 100% |
| January 2026 | $40.9M | Current | No | 2.14x | 100% |
| December 2025 | $40.9M | Current | No | 2.14x | 100% |
| November 2025 | $41.0M | Current | No | 2.14x | 100% |
| October 2025 | $41.0M | Current | No | 2.14x | 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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C3 | 13 | $24,062,339 | Sep 2026 | SEC filing, September 29, 2026 |
| CSAIL 2019-C16 Commercial Mortgage Trust | 16 | $16,362,391 | Sep 2026 | SEC filing, September 28, 2026 |
Other North Carolina loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Innovation Park | Charlotte, NC | Office | $182.3M | 3.505% | Nov 2029 | 1.22x | 49% | Current |
| 4813, 4815 & 4721 Emperor Boulevard and 1005, 1007 & 1009 Slater Road | Durham, NC | Office | $108.0M | 7.364% | Mar 2029 | n/a | n/a | Current |
| Exchange On Erwin | Durham, NC | Mixed use | $75.5M | 3.421% | Dec 2029 | 0.99x | n/a | Current |
| The Arcadian | Winston-Salem, NC | Multifamily | $74.2M | 6.95% | Sep 2029 | n/a | n/a | Current |
| Panorama Tower | Charlotte, NC | Mixed use | $71.5M | 7.37% | Mar 2029 | 2.06x | 72% | Current |
| White Oak Crossing | Garner, NC | Retail | $60.0M | 3.544% | Dec 2029 | 2.14x | 99% | Current |
| Weston I & II | Cary, NC | Office | $48.4M | 5.742% | Jan 2029 | 1.11x | 74% | Current |
| Walmart Asheboro Individual Property | Asheboro, NC | Retail | $42.3M | 3.63% | Dec 2029 | n/a | n/a | 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.