Retail · Eustis, Florida
Lake Hills Plaza
Lake Hills Plaza is financed with a $8.2M CMBS loan at 5.40% that reaches maturity on January 11, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $8,181,997
- Original balance (same notes)
- $8,820,000
- Interest rate
- 5.40% fixed
- Originated
- December 20, 2018
- Maturity
- January 11, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 10, 2028
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred October 6, 2022
- Workout strategy
- REO
- Modified
- Yes, most recently October 1, 2020
- Defeasance
- None reported
The property
- Address
- 2830 South Bay Street, Eustis, FL 32726
- Metro
- Orlando-Kissimmee-Sanford, FL
- Rentable area
- 93,743 sq ft
- Built
- 1973, renovated 2014
- Largest tenants
- Ollie's Bargain Outlet; Planet Fitness; Aaron Rents
- Value at securitization
- $12.6M (Oct 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.98x | 0.21x |
| Occupancy | 100% | 77% |
| Net operating income | $1.2M | $125K |
| Debt yield | 1.5% |
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 Wells Fargo Commercial Mortgage Trust 2019-C50 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 100% when the loan was securitized to 77%.
- Net operating income is 89% below the underwritten figure ($125K a year against $1.2M).
- Debt service coverage moved from 1.98x at securitization to 0.21x on the latest statements.
- At 0.21x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $9.2M (December 17, 2025), against $12.6M at securitization.
- The filing gives Dec 2028 as the lease end date for the largest tenant (Ollie's Bargain Outlet), 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 | $8.2M | 90+ days delinquent | Yes | 0.21x | 77% |
| August 2026 | $8.2M | 90+ days delinquent | Yes | 0.21x | 77% |
| July 2026 | $8.2M | 90+ days delinquent | Yes | 0.21x | 77% |
| June 2026 | $8.2M | 90+ days delinquent | Yes | 0.21x | 77% |
| May 2026 | $8.2M | 90+ days delinquent | Yes | 0.93x | 77% |
| April 2026 | $8.2M | 90+ days delinquent | Yes | 0.93x | 77% |
| March 2026 | $8.2M | 90+ days delinquent | Yes | 0.93x | 77% |
| February 2026 | $8.2M | 90+ days delinquent | Yes | 0.93x | 77% |
| January 2026 | $8.2M | 90+ days delinquent | Yes | 0.93x | 77% |
| December 2025 | $8.2M | 90+ days delinquent | Yes | 0.93x | 77% |
| November 2025 | $8.2M | 90+ days delinquent | Yes | 0.93x | 77% |
| October 2025 | $8.2M | 90+ days delinquent | Yes | 0.93x | 77% |
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.
Special-servicing history
- Transferred to the special servicer October 6, 2022, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C50 | 39 | $8,181,997 | Sep 2026 | SEC filing, September 29, 2026 |
Other Orlando-Kissimmee-Sanford loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Waterford Lakes Town Center | Orlando, FL | Retail | $118.1M | 4.86% | May 2029 | 1.90x | 92% | Current |
| Darden HQ | Orlando, FL | Office | $110.0M | 4.77% | Jan 2029 | 1.80x | 100% | Current |
| Marriott Downtown Orlando | Orlando, FL | Hotel | $34.3M | 4.118% | Jul 2029 | 2.15x | 62% | Current |
| The Wymore 360 | Altamonte Springs, FL | Multifamily | $33.0M | 6.839% | Nov 2029 | 0.67x | 90% | With the special servicer and 30-59 days delinquent |
| Celebration Suites | Kissimmee, FL | Hotel | $25.5M | 4.15% | Oct 2029 | n/a | n/a | Current |
| Doubletree - Orlando East | Orlando, FL | Hotel | $22.2M | 4.15% | Aug 2029 | 1.59x | 65% | Current |
| Southchase Village | Orlando, FL | Retail | $16.5M | 3.78% | Sep 2029 | 3.49x | 95% | Current |
| Orlando Terrace | Orlando, FL | Multifamily | $14.9M | 6.36% | Jun 2029 | 1.26x | 86% | Late, less than 30 days |
All loans maturing in 2029 · All Orlando-Kissimmee-Sanford 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.