Retail · Columbus, Ohio
Neighborhood Shoppes at Polaris
Neighborhood Shoppes at Polaris is financed with a $4.7M CMBS loan at 4.65% that reaches maturity on August 6, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,718,488
- Original balance (same notes)
- $4,875,000
- Interest rate
- 4.65% fixed
- Originated
- July 18, 2019
- Maturity
- August 6, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8453-8491 Sancus Boulevard, Columbus, OH 43240
- Metro
- Columbus, OH
- Rentable area
- 33,888 sq ft
- Built
- 2004
- Largest tenants
- Vaishno Foods dba Trinethra; TOKYO GRILL; Claudiana
- Value at securitization
- $8.2M (Jun 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.91x | 1.75x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $575K | $533K |
| Debt yield | 11.3% |
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 Wells Fargo Commercial Mortgage Trust 2019-C52 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Net operating income is 7% below the underwritten figure ($533K a year against $575K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.91x at securitization to 1.75x on the latest statements.
- The filing gives Aug 2028 as the lease end date for the largest tenant (Vaishno Foods dba Trinethra), 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 | $4.7M | Current | No | 1.75x | 100% |
| August 2026 | $4.7M | Current | No | 1.70x | 100% |
| July 2026 | $4.7M | Current | No | 1.70x | 100% |
| June 2026 | $4.7M | Current | No | 1.70x | 100% |
| May 2026 | $4.7M | Current | No | 1.74x | 100% |
| April 2026 | $4.8M | Current | No | 1.74x | 100% |
| March 2026 | $4.8M | Current | No | 1.86x | 100% |
| February 2026 | $4.8M | Current | No | 1.86x | 100% |
| January 2026 | $4.8M | Current | No | 1.86x | 100% |
| December 2025 | $4.8M | Current | No | 1.86x | 100% |
| November 2025 | $4.8M | Current | No | 1.90x | 100% |
| October 2025 | $4.8M | Current | No | 1.90x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C52 | 52 | $4,718,488 | Sep 2026 | SEC filing, September 29, 2026 |
Other Columbus loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Columbus Business Park | Columbus, OH | Industrial | $62.0M | 7.04% | May 2029 | 2.48x | 59% | Current |
| 80 on the Commons | Columbus, OH | Mixed use | $47.3M | 2.95% | Nov 2029 | 3.34x | n/a | Current |
| AC Marriott Bridge Park | Dublin, OH | Hotel | $39.4M | 8.28% | May 2029 | 1.60x | 79% | Current |
| Northwoods Apartments | Columbus, OH | Multifamily | $34.8M | 6.20% | Aug 2029 | n/a | n/a | Current |
| The Lincoln | Columbus, OH | Office | $34.1M | 4.24% | Nov 2029 | n/a | n/a | Current |
| Jefferson Grove | Blacklick, OH | Multifamily | $13.9M | 4.95% | Feb 2029 | 1.83x | 97% | Current |
| 223 East Town Street Apartments | Columbus, OH | Multifamily | $13.6M | 4.934% | Mar 2029 | 1.13x | 93% | Current |
| Crescent Ridge | Grove City, OH | Multifamily | $11.5M | 4.11% | Jun 2029 | 1.97x | 95% | 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.