Retail · North Charleston, South Carolina
North Charleston Center
North Charleston Center is financed with a $12.2M CMBS loan at 4.98% that reaches maturity on March 6, 2029, in 2 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,191,799
- Original balance (same notes)
- $13,350,000
- Interest rate
- 4.98% fixed
- Originated
- March 6, 2019
- Maturity
- March 6, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- December 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred March 25, 2021, returned August 30, 2022
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 5900 Rivers Avenue, North Charleston, SC 29406
- Metro
- Charleston-North Charleston, SC
- Rentable area
- 233,950 sq ft
- Built
- 1968, renovated 2013
- Largest tenants
- EL MOLINO REAL BAKERY; Northern Tools; Stroud Discount Window & Door Supply LLC
- Value at securitization
- $22.9M (Feb 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 2.49x |
| Occupancy | 97% | 97% |
| Net operating income (annualized from 3 months) | $1.6M | $1.1M |
| Debt yield | 8.8% |
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-C50 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- NOI down 20% 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 33% below the underwritten figure ($1.1M a year against $1.6M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.87x at securitization to 2.49x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.2M | Current | No | 2.49x | 97% |
| August 2026 | $12.2M | Current | No | 2.49x | 97% |
| July 2026 | $12.2M | Current | No | 2.49x | 97% |
| June 2026 | $12.3M | Current | No | 2.13x | 99% |
| May 2026 | $12.3M | Current | No | 2.13x | 99% |
| April 2026 | $12.3M | Current | No | 2.13x | 99% |
| March 2026 | $12.3M | Current | No | 2.18x | 99% |
| February 2026 | $12.3M | Current | No | 2.18x | 99% |
| January 2026 | $12.4M | Current | No | 2.18x | 99% |
| December 2025 | $12.4M | Current | No | 2.18x | 99% |
| November 2025 | $12.4M | Current | No | 2.18x | 99% |
| October 2025 | $12.4M | Current | No | 2.34x | 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.
Special-servicing history
- Transferred to the special servicer March 25, 2021, returned to the master servicer August 30, 2022.
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C50 | 31 | $12,191,799 | Sep 2026 | SEC filing, September 29, 2026 |
Other Charleston-North Charleston loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 8571 Rivers Ave | North Charleston, SC | Office | $21.3M | 4.05% | Nov 2029 | n/a | n/a | Current |
| Oakbrook Station | Summerville, SC | Retail | $18.6M | 6.60% | Jan 2029 | 1.21x | 100% | Current |
| Tru by Hilton Mount Pleasant | Mt Pleasant, SC | Hotel | $13.1M | 7.13% | Aug 2029 | 2.49x | 76% | Current |
| Montague Corners | North Charleston, SC | Retail | $13.1M | 7.29% | Jul 2029 | 1.46x | 90% | Current |
| Springhill Suites Charleston | North Charleston, SC | Hotel | $12.1M | 7.13% | Aug 2029 | 2.53x | 82% | Current |
| Chef's Store Charleston | Charleston, SC | Retail | $8.9M | 4.47% | Aug 2029 | 2.38x | 100% | Current |
| 349 Coleman Boulevard | Mount Pleasant, SC | Retail | $8.8M | 4.00% | Dec 2029 | 2.61x | 100% | Current |
| Bell MHC | Summerville, SC | Manufactured housing | $5.0M | 6.57% | Aug 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Charleston-North Charleston 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.