Office · Indianapolis, Indiana
Meridian Tower
Meridian Tower is financed with a $11.6M CMBS loan at 4.96% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $11,563,721
- Original balance (same notes)
- $13,250,000
- Interest rate
- 4.96% fixed
- Originated
- December 20, 2018
- Maturity
- January 6, 2029
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- GACC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 10201 North Illinois Street, Indianapolis, IN 46290
- Metro
- Indianapolis-Carmel-Greenwood, IN
- Rentable area
- 142,970 sq ft
- Built
- 1991, renovated 2005
- Largest tenants
- Scotlynn USA Division Inc; ExlService Technology; Damar Services Inc.
- Value at securitization
- $18.0M (Sep 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.76x |
| Occupancy | 91% | 85% |
| Net operating income | n/a | $1.5M |
| Debt yield | 13.0% |
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-B10 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 91% when the loan was securitized to 85%.
- The filing gives May 2027 as the lease end date for the largest tenant (Scotlynn USA Division Inc), 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 | $11.6M | Late payment but less than 30 days delinquent | No | 1.76x | 85% |
| August 2026 | $11.6M | Not reported | No | 1.76x | 85% |
| July 2026 | $11.6M | Not reported | No | 1.76x | 85% |
| June 2026 | $11.6M | Not reported | No | 1.76x | 85% |
| May 2026 | $11.7M | Late payment but less than 30 days delinquent | No | 1.76x | 85% |
| April 2026 | $11.7M | Not reported | No | 1.49x | 85% |
| March 2026 | $11.7M | Not reported | No | 1.49x | 85% |
| February 2026 | $11.7M | Not reported | No | 1.49x | 85% |
| January 2026 | $11.7M | Not reported | No | 1.49x | 85% |
| December 2025 | $11.7M | Not reported | No | 1.49x | 85% |
| November 2025 | $11.8M | Not reported | No | 1.49x | 85% |
| October 2025 | $11.8M | Not reported | No | 1.49x | 85% |
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-B10 Mortgage Trust | 34 | $11,563,721 | Sep 2026 | SEC filing, October 1, 2026 |
Other Indianapolis-Carmel-Greenwood loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Allied Solutions | Carmel, IN | Office | $17.6M | 4.485% | Feb 2029 | 3.90x | 100% | Current |
| City Center @ Penn | Carmel, IN | Office | $16.0M | 7.34% | Mar 2029 | 1.71x | 97% | Current |
| Sawmill Apartments | Indianapolis, IN | Multifamily | $15.5M | 6.10% | Dec 2029 | 1.07x | 81% | Delinquent |
| Keystone Crossing | Indianapolis, IN | Mixed use | $14.4M | 3.655% | Nov 2029 | n/a | n/a | Current |
| Bellagio West Apartments | Indianapolis, IN | Multifamily | $14.4M | 7.362% | Dec 2029 | n/a | n/a | Current |
| Holiday Inn Express - Indianapolis, IN | Indianapolis, IN | Hotel | $11.7M | 3.897% | Nov 2029 | n/a | n/a | Current |
| Holiday Inn Express Indianapolis West Airport | Indianapolis, IN | Hotel | $9.9M | 7.75% | Sep 2029 | 1.45x | 70% | Current |
| Candlewood Suites Indianapolis Downtown Medical District | Indianapolis, IN | Hotel | $8.8M | 5.38% | Feb 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Indianapolis-Carmel-Greenwood 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.