Retail · Portland, Texas
Northshore Plaza
Northshore Plaza is financed with a $5.7M CMBS loan at 5.409% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $5,664,769
- Original balance (same notes)
- $6,200,000
- Interest rate
- 5.409% fixed
- Originated
- November 15, 2018
- Maturity
- December 6, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently April 2, 2026
- Defeasance
- None reported
The property
- Address
- 1512 Wildcat Drive, Portland, TX 78374
- Metro
- Corpus Christi, TX
- Rentable area
- 80,754 sq ft
- Built
- 1982
- Largest tenants
- Spec's Family Corp., Store #102; Dollar Tree #04438; Rent -A -Center #04729
- Value at securitization
- $8.4M (Sep 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.77x | 1.55x |
| Occupancy | 95% | 60% |
| Net operating income (annualized from 6 months) | $739K | $1.3M |
| Debt yield | 23.1% |
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 JPMCC Commercial Mortgage Securities Trust 2019-COR4 filing for the reporting period ending October 6, 2026, filed with the SEC October 21, 2026.
- Occupancy down 10 points or more from securitization
- Modified
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 95% when the loan was securitized to 60%.
- Net operating income is 77% above the underwritten figure ($1.3M a year against $739K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.77x at securitization to 1.55x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $5.7M | Current | No | 1.55x | 60% |
| September 2026 | $5.7M | Current | No | 1.55x | 60% |
| August 2026 | $5.7M | Current | No | n/a | n/a |
| July 2026 | $5.7M | Current | No | n/a | n/a |
| June 2026 | $5.7M | Current | No | n/a | n/a |
| May 2026 | $5.7M | Current | No | n/a | n/a |
| April 2026 | $5.7M | Current | No | 1.40x | 60% |
| March 2026 | $5.7M | Current | No | 1.38x | 60% |
| February 2026 | $5.7M | Current | No | 1.38x | 60% |
| January 2026 | $5.7M | Current | No | 1.38x | 60% |
| December 2025 | $5.8M | Current | No | 1.37x | 60% |
| November 2025 | $5.8M | Current | No | 1.37x | 60% |
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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2019-COR4 | 34 | $5,664,769 | Oct 2026 | SEC filing, October 21, 2026 |
Other Corpus Christi loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Moore Plaza | Corpus Christi, TX | Retail | $47.5M | 4.53% | Feb 2028 | 2.56x | 96% | Current |
| Shops at La Palmera | Corpus Christi, TX | Retail | $29.5M | 7.605% | Dec 2028 | 1.76x | 97% | Current |
| 1111 Southern Minerals Road | Corpus Christi, TX | Office | $10.1M | 3.645% | Apr 2028 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.