Office · Pittsburgh, Pennsylvania
Nova Place
Public CMBS trusts hold $140.0M of the loan on Nova Place at 4.192% that reaches maturity on June 11, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $140,000,000
- Original balance (same notes)
- $140,000,000
- Interest rate
- 4.192% fixed
- Originated
- June 3, 2019
- Maturity
- June 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 10, 2029
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 100 South Commons, Pittsburgh, PA 15212
- Metro
- Pittsburgh, PA
- Rentable area
- 1,142,745 sq ft
- Built
- 1966, renovated 2019
- Largest tenants
- PNC Bank N A.; Duquesne Light Company; Continental Broadband
- Value at securitization
- $200.1M (Jan 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.26x | 1.97x |
| Occupancy | 84% | 78% |
| Net operating income | $13.5M | $11.7M |
| Debt yield | 8.4% |
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 BANK 2019-BNK19 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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
- Occupancy has fallen from 84% when the loan was securitized to 78%.
- Net operating income is 13% below the underwritten figure ($11.7M a year against $13.5M).
- Debt service coverage moved from 2.26x at securitization to 1.97x on the latest statements.
- The filing gives Dec 2027 as the lease end date for the largest tenant (PNC Bank N A.), 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 | $140.0M | Current | No | 1.97x | 78% |
| August 2026 | $140.0M | Current | No | 2.11x | 69% |
| July 2026 | $140.0M | Current | No | 2.11x | 69% |
| June 2026 | $140.0M | Current | No | 1.79x | 69% |
| May 2026 | $140.0M | Current | No | 1.78x | 71% |
| April 2026 | $140.0M | Current | No | 1.78x | 71% |
| March 2026 | $140.0M | Current | No | 1.78x | 70% |
| February 2026 | $140.0M | Current | No | 1.78x | 70% |
| January 2026 | $140.0M | Current | No | 1.78x | 70% |
| December 2025 | $140.0M | Current | No | 1.78x | 70% |
| November 2025 | $140.0M | Current | No | 1.78x | 70% |
| October 2025 | $140.0M | Current | No | 1.78x | 70% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C51 | 1 | $71,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2019-BNK19 | 6 | $49,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2019-BNK19 | 6A | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Pittsburgh loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Block Northway | Pittsburgh, PA | Retail | $80.7M | 4.649% | Mar 2029 | 1.35x | 83% | Current |
| Sheraton Station Square | Pittsburgh, PA | Hotel | $34.0M | 7.643% | Dec 2029 | n/a | n/a | Current |
| 2000 Park Lane | Pittsburgh, PA | Office | $26.0M | 3.465% | Dec 2029 | -1.55x | 24% | Current |
| Hyatt Place Pittsburgh North Shore | Pittsburgh, PA | Hotel | $23.3M | 7.289% | Jun 2029 | 2.10x | 68% | Current |
| Heritage Valley Health Monaca | Monaca, PA | Office | $11.9M | 3.35% | Oct 2029 | 3.06x | 100% | Current |
| Pittsburgh Multifamily Portfolio | Pittsburgh, PA | Multifamily | $9.6M | 4.183% | Nov 2029 | 1.77x | 93% | Current |
| North Fayette Shopping Center | Pittsburgh, PA | Retail | $4.7M | 3.479% | Nov 2029 | n/a | n/a | 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.