Office · Rochester, New York
Legacy Tower
Public CMBS trusts hold $21.3M of the loan on Legacy Tower at 4.99% that reaches maturity on July 1, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $21,313,301
- Original balance (same notes)
- $22,000,000
- Interest rate
- 4.99% fixed
- Originated
- June 5, 2019
- Maturity
- July 1, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- January 4, 2029
- Master servicer
- Midland
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1 Bausch & Lomb Place, Rochester, NY 14604
- Metro
- Rochester, NY
- Rentable area
- 332,650 sq ft
- Built
- 1995
- Largest tenants
- Woods Oviatt Gilmal; Harter, Secrest & En; Key Bank of New Yc
- Value at securitization
- $34.7M (Mar 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.90x | 0.55x |
| Occupancy | 91% | 82% |
| Net operating income | $2.7M | $775K |
| Debt yield | 3.6% |
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 BANK 2019-BNK20 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
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 91% when the loan was securitized to 82%.
- Net operating income is 71% below the underwritten figure ($775K a year against $2.7M).
- Debt service coverage moved from 1.90x at securitization to 0.55x on the latest statements.
- At 0.55x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $21.3M | Current | No | 0.55x | 82% |
| August 2026 | $21.3M | Current | No | 0.63x | 82% |
| July 2026 | $21.4M | Current | No | 0.63x | 82% |
| June 2026 | $21.4M | Current | No | 0.63x | 82% |
| May 2026 | $21.4M | Current | No | 0.90x | 82% |
| April 2026 | $21.4M | Current | No | 0.90x | 82% |
| March 2026 | $21.5M | Current | No | 0.90x | 82% |
| February 2026 | $21.5M | Current | No | 0.87x | 82% |
| January 2026 | $21.5M | Current | No | 0.87x | 82% |
| December 2025 | $21.6M | Current | No | 0.90x | 82% |
| November 2025 | $21.6M | Current | No | 0.90x | 80% |
| October 2025 | $21.6M | Current | No | 0.90x | 80% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2019-H7 | 18 | $13,078,118 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2019-BNK20 | 36 | $8,235,183 | Sep 2026 | SEC filing, October 1, 2026 |
Other Rochester loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Towne Center at Webster | Webster, NY | Retail | $43.0M | 7.335% | Aug 2029 | 1.00x | 98% | Current |
| Westfall Townhomes | Rochester Hills, NY | Mixed use | $12.0M | 4.35% | Nov 2029 | n/a | n/a | Current |
| FedEx Ground, West Henrietta | West Henrietta, NY | Industrial | $8.0M | 3.17% | Nov 2029 | n/a | n/a | Current |
| Cintas Rochester | Rochester, NY | Industrial | $3.6M | 4.035% | Jun 2029 | 3.38x | 100% | Current |
| Rite Aid - Newark Ny | Newark, NY | Retail | $3.0M | 4.50% | Sep 2029 | 1.59x | 100% | With the special servicer and 90+ days delinquent |
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.