Retail · Naples, Florida
Naples Retail Center / Pelican Larry'S Plaza
Naples Retail Center / Pelican Larry'S Plaza is financed with a $3.5M CMBS loan at 5.675% that reaches maturity on April 6, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,451,181
- Original balance (same notes)
- $3,875,000
- Interest rate
- 5.675% fixed
- Originated
- March 7, 2019
- Maturity
- April 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- July 5, 2021
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7785-7795 Davis Boulevard, Naples, FL 34104
- Rentable area
- 28,330 sq ft
- Built
- 2006
- Largest tenants
- Adore Cucine & Bar; Gulf Coast Insurance; Eben-Ezer Haitian
- Value at securitization
- $5.5M (Feb 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.49x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $402K | n/a |
Watch flags
Computed from the CSAIL 2019-C16 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.5M | Current | No | n/a | n/a |
| August 2026 | $3.5M | Current | No | n/a | n/a |
| July 2026 | $3.5M | Current | No | n/a | n/a |
| June 2026 | $3.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $3.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $3.5M | Current | No | 1.79x | 91% |
| March 2026 | $3.5M | Current | No | 1.79x | 91% |
| February 2026 | $3.5M | Current | No | 2.08x | 93% |
| January 2026 | $3.5M | Current | No | 2.08x | 93% |
| December 2025 | $3.5M | Current | No | 2.08x | 93% |
| November 2025 | $3.5M | Current | No | 2.08x | 93% |
| October 2025 | $3.5M | Current | No | 2.14x | 93% |
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 |
|---|---|---|---|---|
| CSAIL 2019-C16 Commercial Mortgage Trust | 45 | $3,451,181 | Sep 2026 | SEC filing, September 28, 2026 |
Other Florida loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Plaza at Santa Barbara | Naples, FL | Retail | $8.0M | 4.10% | Dec 2029 | n/a | n/a | Current |
| Cool Storage | Marco Island, FL | Self storage | $1.8M | 4.72% | May 2029 | 2.82x | 85% | 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.