Multifamily portfolio, 5 properties · Baton Rouge, Louisiana
Magnolia Gardens
This portfolio is financed with a $17.2M CMBS loan at 5.59% that reaches maturity on March 6, 2029, in 2 years and 4 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
- $17,165,394
- Original balance (same notes)
- $17,800,000
- Interest rate
- 5.59% fixed
- Originated
- February 28, 2019
- Maturity
- March 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- April 5, 2021
- Prepayment premium ends
- December 5, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- RMF
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 22, 2024
- Workout strategy
- DPO
- Modified
- Yes, most recently May 12, 2022
- Defeasance
- Partly defeased
The property
- Address
- 8820 Greenwell Springs Road, Baton Rouge, LA 70814
- Metro
- Baton Rouge, LA
- Value at securitization
- $26.1M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $1.8M | $111K |
| Debt yield | 0.7% |
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 UBS Commercial Mortgage Trust 2019-C16 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- 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
- Net operating income is 94% below the underwritten figure ($111K a year against $1.8M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Magnolia Gardens | Baton Rouge, LA | Multifamily | 71% | 0.09x |
| Oak Woods Apartments | Baton Rouge, LA | Multifamily | n/a | n/a |
| Greenwell Plaza | Baton Rouge, LA | Multifamily | n/a | n/a |
| Lone Oak Apartments | Baton Rouge, LA | Multifamily | n/a | n/a |
| Fireside Duplexes | Baton Rouge, LA | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.2M | 90+ days delinquent | Yes | 0.09x | 71% |
| August 2026 | $17.2M | 90+ days delinquent | Yes | 0.09x | 71% |
| July 2026 | $17.2M | 90+ days delinquent | Yes | 0.09x | 71% |
| June 2026 | $17.2M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $17.2M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $17.2M | 90+ days delinquent | Yes | 1.20x | 70% |
| March 2026 | $17.2M | 90+ days delinquent | Yes | 1.20x | n/a |
| February 2026 | $17.2M | 90+ days delinquent | Yes | 1.20x | n/a |
| January 2026 | $17.2M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $17.2M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $17.2M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $17.2M | 90+ days delinquent | Yes | n/a | n/a |
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 January 22, 2024, 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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2019-C16 | 16 | $17,165,394 | Sep 2026 | SEC filing, September 28, 2026 |
Other Baton Rouge loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 5 East Apartments | Baton Rouge, LA | Multifamily | $17.5M | 6.92% | Sep 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Edgewood Apartments, Baton Rouge | Baton Rouge, LA | Multifamily | $16.1M | 4.09% | Oct 2029 | 1.33x | 97% | Current |
| Bluebonnet Village | Baton Rouge, LA | Retail | $10.9M | 4.25% | Sep 2029 | 1.95x | 93% | Current |
| Meadowbrook Apartments | Baton Rouge, LA | Multifamily | $9.4M | 7.29% | Jan 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Florline Commons | Baton Rouge, LA | Retail | $8.3M | 6.742% | Oct 2029 | 1.65x | 83% | Current |
| Albertsons Baton Rouge | Baton Rouge, LA | Retail | $6.7M | 4.75% | Jul 2029 | 1.82x | 100% | Current |
| Sunshine Storage | Plaquemine, LA | Self storage | $3.6M | 7.223% | Jan 2029 | 1.52x | 87% | 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.