Office · Hiawatha, Iowa
Mercy Medical
Mercy Medical is financed with a $14.5M CMBS loan at 4.58% that reaches maturity on May 1, 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
- $14,451,607
- Original balance (same notes)
- $15,000,000
- Interest rate
- 4.58% fixed
- Originated
- May 1, 2019
- Maturity
- May 1, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- January 31, 2029
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1195 Boyson Road, Hiawatha, IA 52233
- Rentable area
- 79,650 sq ft
- Built
- 2015
- Largest tenants
- Mercy Medical Center, Cedar Rapids, Iowa (t1195mer); Clinic Investments, Inc. (t1195woe)
- Value at securitization
- $21.7M (Apr 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.03x | 1.77x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.4M | $3.3M |
| Debt yield | 22.7% |
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 BENCHMARK 2019-B12 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
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 132% above the underwritten figure ($3.3M a year against $1.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.03x at securitization to 1.77x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.5M | Current | No | 1.77x | 100% |
| August 2026 | $14.5M | Current | No | 1.77x | 100% |
| July 2026 | $14.5M | Current | No | n/a | n/a |
| 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 | 1.73x | 100% |
| March 2026 | $14.6M | Current | No | 1.09x | 100% |
| February 2026 | $14.6M | Current | No | 1.09x | 100% |
| January 2026 | $14.6M | Current | No | 1.09x | 100% |
| December 2025 | $14.6M | Current | No | 1.09x | 100% |
| November 2025 | $14.7M | Current | No | 1.09x | 100% |
| October 2025 | $14.7M | Current | No | 1.09x | 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 |
|---|---|---|---|---|
| BENCHMARK 2019-B12 MORTGAGE TRUST | 24 | $14,451,607 | Sep 2026 | SEC filing, September 30, 2026 |
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.