Office · Louisville, Kentucky
Meidinger Tower
Public CMBS trusts hold $27.6M of the loan on Meidinger Tower at 4.52% that reaches maturity on July 6, 2029, in 2 years and 8 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
- $27,609,616
- Original balance (same notes)
- $28,000,000
- Interest rate
- 4.52% fixed
- Originated
- July 9, 2019
- Maturity
- July 6, 2029
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- April 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- UBS AG
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred November 22, 2023
- Workout strategy
- DPO
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- None reported
The property
- Address
- 462 South 4th Street, Louisville, KY 40202
- Metro
- Louisville/Jefferson County, KY-IN
- Rentable area
- 331,054 sq ft
- Built
- 1982, renovated 2006
- Largest tenants
- RIVER ROAD ASSET MANAGEMENT; SEILLER WATERMAN LLC; Bakelite LLC
- Value at securitization
- $41.0M (Apr 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.66x | -0.87x |
| Occupancy | 88% | 20% |
| Net operating income (annualized from 3 months) | $2.8M | $-1.5M |
| Debt yield | -5.5% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the UBS Commercial Mortgage Trust 2019-C17 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Servicer stopped advancing
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 88% when the loan was securitized to 20%.
- Net operating income is 153% below the underwritten figure ($-1.5M a year against $2.8M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.66x at securitization to -0.87x on the latest statements.
- At -0.87x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $7.5M (February 20, 2026), against $41.0M at securitization.
- The filing gives Feb 2028 as the lease end date for the largest tenant (RIVER ROAD ASSET MANAGEMENT), 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 | $27.6M | 90+ days delinquent | Yes | -0.87x | 20% |
| August 2026 | $27.6M | 90+ days delinquent | Yes | -0.87x | 20% |
| July 2026 | $27.6M | 90+ days delinquent | Yes | -0.76x | 21% |
| June 2026 | $27.6M | 90+ days delinquent | Yes | -0.76x | 21% |
| May 2026 | $27.6M | 90+ days delinquent | Yes | -0.73x | 21% |
| April 2026 | $27.6M | 90+ days delinquent | Yes | -0.73x | 21% |
| March 2026 | $27.6M | 90+ days delinquent | Yes | -0.73x | 21% |
| February 2026 | $27.6M | 90+ days delinquent | Yes | -0.73x | 21% |
| January 2026 | $27.6M | 90+ days delinquent | Yes | -0.66x | 21% |
| December 2025 | $27.6M | 90+ days delinquent | Yes | -0.66x | 21% |
| November 2025 | $27.6M | 90+ days delinquent | Yes | -0.66x | 21% |
| October 2025 | $27.6M | 90+ days delinquent | Yes | -0.59x | 28% |
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 November 22, 2023, 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C4 | 12 | $18,735,096 | Sep 2026 | SEC filing, September 29, 2026 |
| UBS Commercial Mortgage Trust 2019-C17 | 34 | $8,874,519 | Sep 2026 | SEC filing, September 28, 2026 |
Other Louisville/Jefferson County loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Galt House | Louisville, KY | Hotel | $80.6M | 6.75% | Oct 2029 | 3.08x | 56% | Current |
| Westport Distribution Center | Louisville, KY | Industrial | $52.3M | 3.353% | Nov 2029 | n/a | n/a | Current |
| Patriot Crossing | Louisville, KY | Multifamily | $29.8M | 6.75% | Sep 2029 | 1.38x | 95% | Current |
| Global Payments, Inc. | Jeffersonville, IN | Office | $29.2M | 3.85% | Nov 2029 | 2.35x | 100% | Current |
| Veterans Crossing East | Clarsville, IN | Retail | $10.9M | 3.881% | Nov 2029 | n/a | n/a | Current |
| Decimal Point | Louisville, KY | Industrial | $5.7M | 3.61% | Nov 2029 | 3.10x | 100% | Current |
| Woodspring Louisville | Louisville, KY | Hotel | $4.9M | 4.45% | Oct 2029 | 2.04x | 72% | Current |
All loans maturing in 2029 · All Louisville/Jefferson County loans
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.