Multifamily portfolio, 2 properties · New York
Lofts at Binghamton Portfolio
This portfolio is financed with a $4.3M CMBS loan at 5.64% 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 delinquent: 60-89 days delinquent.
The loan
- Balance in tracked trusts
- $4,254,172
- Original balance (same notes)
- $4,775,000
- Interest rate
- 5.64% fixed
- Originated
- February 6, 2019
- Maturity
- February 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 5, 2028
- Master servicer
- Trimont LLC
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- 60-89 days delinquent (code 2)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 78
- Value at securitization
- $6.9M (Nov 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.35x | 1.19x |
| Occupancy | 98% | 94% |
| Net operating income | $446K | $392K |
| Debt yield | 9.2% |
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.
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since June 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 98% when the loan was securitized to 94%.
- Net operating income is 12% below the underwritten figure ($392K a year against $446K).
- Debt service coverage moved from 1.35x at securitization to 1.19x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.3M | 60-89 days delinquent | No | 1.19x | 94% |
| August 2026 | $4.3M | 30-59 days delinquent | No | 1.19x | 94% |
| July 2026 | $4.3M | 30-59 days delinquent | No | 1.19x | 94% |
| June 2026 | $4.3M | 30-59 days delinquent | No | 1.19x | 94% |
| May 2026 | $4.3M | Late payment but less than 30 days delinquent | No | 1.08x | 100% |
| April 2026 | $4.3M | Current | No | 1.08x | 100% |
| March 2026 | $4.3M | Late payment but less than 30 days delinquent | No | 1.08x | 100% |
| February 2026 | $4.3M | Current | No | 1.08x | 100% |
| January 2026 | $4.3M | Current | No | 1.15x | 100% |
| December 2025 | $4.3M | Current | No | 1.15x | 100% |
| November 2025 | $4.3M | Current | No | 1.15x | 100% |
| October 2025 | $4.3M | Current | No | 1.15x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C50 | 55 | $4,254,172 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1633 Broadway | New York, NY | Office | $780.0M | 2.99% | Dec 2029 | 2.87x | 76% | Current |
| 650 Madison Avenue | New York, NY | Mixed use | $545.8M | 3.486% | Dec 2029 | 1.25x | 62% | Current |
| Queens Center | Elmhurst, NY | Retail | $510.0M | 5.37% | Nov 2029 | 1.94x | 93% | Current |
| 3 Columbus Circle | New York, NY | Mixed use | $490.0M | 3.914% | Mar 2029 | 2.80x | 90% | Current |
| 30 Hudson Yards | New York, NY | Office | $422.0M | 3.11% | Jul 2029 | n/a | n/a | Current |
| 55 Hudson Yards | New York, NY | Office | $371.7M | 2.95% | Dec 2029 | n/a | n/a | Current |
| Gateway Center North | Brooklyn, NY | Retail | $300.0M | 6.827% | Nov 2029 | n/a | n/a | Current |
| 640 5th Avenue | New York, NY | Mixed use | $288.6M | 6.129% | Jul 2029 | 2.35x | 90% | 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.