Hotel · St. Louis, Missouri
Magnolia Hotel St. Louis
Magnolia Hotel St. Louis is financed with a $14.4M CMBS loan at 4.77% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,425,321
- Original balance (same notes)
- $16,500,000
- Interest rate
- 4.77% fixed
- Originated
- April 18, 2019
- Maturity
- May 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred April 15, 2020, returned April 11, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently July 6, 2020
- Defeasance
- None reported
The property
- Address
- 421 North 8Th Street, St. Louis, MO 63101
- Metro
- St. Louis, MO-IL
- Units, rooms or beds
- 182
- Built
- 1925, renovated 2014
- Value at securitization
- $26.0M (Feb 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.21x | -1.29x |
| Occupancy | 68% | 59% |
| Net operating income (annualized from 3 months) | $2.3M | $-1.4M |
| Debt yield | -9.4% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Benchmark 2019-B11 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Modified
On the cmbs.news watch list in every report since July 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 68% when the loan was securitized to 59%.
- Net operating income is 159% below the underwritten figure ($-1.4M a year against $2.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.21x at securitization to -1.29x on the latest statements.
- At -1.29x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $19.5M (November 1, 2020), against $26.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.4M | Current | No | -1.29x | 59% |
| August 2026 | $14.5M | Current | No | -1.29x | 49% |
| July 2026 | $14.5M | Current | No | -1.29x | 49% |
| June 2026 | $14.5M | Current | No | n/a | n/a |
| May 2026 | $14.5M | Current | No | n/a | n/a |
| April 2026 | $14.6M | Current | No | 0.25x | 57% |
| March 2026 | $14.6M | Current | No | 0.27x | 57% |
| February 2026 | $14.6M | Current | No | 0.27x | 57% |
| January 2026 | $14.6M | Current | No | 0.27x | 57% |
| December 2025 | $14.7M | Current | No | 0.27x | 57% |
| November 2025 | $14.7M | Current | No | 0.27x | 57% |
| October 2025 | $14.7M | Current | No | 0.27x | 57% |
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 April 15, 2020, returned to the master servicer April 11, 2022.
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 |
|---|---|---|---|---|
| Benchmark 2019-B11 Mortgage Trust | 24 | $14,425,321 | Sep 2026 | SEC filing, September 28, 2026 |
Other St. Louis loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 5301 Old Baumgartner Road | St Louis, MO | Industrial | $60.0M | 5.176% | Oct 2029 | n/a | n/a | Current |
| Chroma Apartments | St. Louis, MO | Multifamily | $50.0M | 3.962% | Nov 2029 | 1.34x | 80% | Current |
| Norwood Court Apartments | St. Louis, MO | Multifamily | $41.3M | 6.318% | Aug 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 575 Maryville | Town & Country, MO | Office | $35.0M | 4.822% | Jan 2029 | 2.27x | 86% | Current |
| Tribeca Apartments | St. Louis, MO | Multifamily | $24.2M | 3.49% | Nov 2029 | 1.98x | 93% | Current |
| Mark Twain Village | St. Charles, MO | Retail | $19.6M | 4.13% | Jun 2029 | 1.80x | 95% | Current |
| Capital at St. Charles | Saint Charles, MO | Multifamily | $16.5M | 3.84% | Aug 2029 | 3.64x | 96% | Current |
| Gateway Tower, St Louis | St Louis, MO | Office | $13.2M | 4.015% | Sep 2029 | 0.72x | 48% | 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.