Retail · Modesto, California
Mchenry Village Shopping Center
Mchenry Village Shopping Center is financed with a $21.0M CMBS loan at 3.80% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $21,000,000
- Original balance (same notes)
- $21,000,000
- Interest rate
- 3.80% fixed
- Originated
- October 24, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- CCRE
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1700 Mchenry Avenue, Modesto, CA 95350
- Metro
- Modesto, CA
- Rentable area
- 275,422 sq ft
- Built
- 1953, renovated 2001
- Largest tenants
- Sprouts Farmers Market; RJ Modesto LLC; BioLife Plasma Services
- Value at securitization
- $39.6M (Sep 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.46x | 3.39x |
| Occupancy | 94% | 87% |
| Net operating income (annualized from 6 months) | $2.8M | $2.8M |
| Debt yield | 13.1% |
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 Morgan Stanley Capital I Trust 2019-L3 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Largest tenant's lease ends within 12 months
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 94% when the loan was securitized to 87%.
- The filing gives Oct 2026 as the lease end date for the largest tenant (Sprouts Farmers Market), 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 | $21.0M | Current | No | 3.39x | 87% |
| August 2026 | $21.0M | Current | No | 3.48x | 90% |
| July 2026 | $21.0M | Current | No | 3.48x | 90% |
| June 2026 | $21.0M | Current | No | 3.48x | 90% |
| May 2026 | $21.0M | Current | No | 3.91x | 94% |
| April 2026 | $21.0M | Current | No | 3.91x | 94% |
| March 2026 | $21.0M | Current | No | 3.91x | 94% |
| February 2026 | $21.0M | Current | No | 3.81x | 94% |
| January 2026 | $21.0M | Current | No | 3.81x | 94% |
| December 2025 | $21.0M | Current | No | 3.81x | 94% |
| November 2025 | $21.0M | Current | No | 3.81x | 94% |
| October 2025 | $21.0M | Current | No | 4.03x | 94% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2019-L3 | 17 | $21,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Modesto loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Vista | Turlock, CA | Multifamily | $38.5M | 6.579% | Apr 2029 | 1.45x | 66% | Current |
| Doubletree Modesto | Modesto, CA | Hotel | $30.0M | 4.39% | Jun 2029 | 2.50x | 69% | Current |
| Shadow Glen Apartments | Modesto, CA | Multifamily | $5.6M | 5.55% | Jan 2029 | 1.22x | 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.