Retail · Oceanside, California
Pacific Coast Plaza
Pacific Coast Plaza is financed with a $5.0M CMBS loan at 3.95% that reaches maturity on July 1, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,000,000
- Original balance (same notes)
- $5,000,000
- Interest rate
- 3.95% fixed
- Originated
- June 28, 2019
- Maturity
- July 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 31, 2021
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2177-2185 Vista Way, Oceanside, CA 92054
- Metro
- San Diego-Chula Vista-Carlsbad, CA
- Rentable area
- 24,522 sq ft
- Built
- 1998
- Largest tenants
- Amercia's Best; McDonald's; Einstein Brothers Bagels
- Value at securitization
- $16.9M (Apr 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.83x | 3.49x |
| Occupancy | 100% | 73% |
| Net operating income (annualized from 6 months) | $767K | $703K |
| Debt yield | 14.1% |
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 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
- Occupancy down 10 points or more from securitization
- Largest tenant's lease ends within 12 months
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 100% when the loan was securitized to 73%.
- Net operating income is 8% below the underwritten figure ($703K a year against $767K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.83x at securitization to 3.49x on the latest statements.
- The filing gives Nov 2026 as the lease end date for the largest tenant (Amercia's Best), 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 | $5.0M | Current | No | 3.49x | 73% |
| August 2026 | $5.0M | Current | No | 3.49x | 73% |
| July 2026 | $5.0M | Current | No | 3.72x | 73% |
| June 2026 | $5.0M | Current | No | 3.72x | 73% |
| May 2026 | $5.0M | Current | No | 3.72x | 73% |
| April 2026 | $5.0M | Current | No | 3.60x | 73% |
| March 2026 | $5.0M | Current | No | 3.60x | 73% |
| February 2026 | $5.0M | Current | No | 3.60x | 73% |
| January 2026 | $4.4M | Current | No | 0.83x | 95% |
| December 2025 | $5.0M | Current | No | 3.50x | 73% |
| November 2025 | $5.0M | Current | No | 3.50x | 73% |
| October 2025 | $5.0M | Current | No | 3.52x | 73% |
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 |
|---|---|---|---|---|
| BANK 2019-BNK19 | 47 | $5,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Diego-Chula Vista-Carlsbad loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sunroad Centrum | San Diego, CA | Office | $82.5M | 7.912% | May 2029 | 1.26x | 100% | Current |
| Highlands Corporate Center | San Diego, CA | Office | $52.0M | 6.80% | Dec 2029 | n/a | n/a | Current |
| Vista Village Shopping Center | Vista, CA | Retail | $44.0M | 4.38% | Apr 2029 | 2.59x | 91% | Current |
| Homewood Suites Mission Valley | San Diego, CA | Hotel | $28.4M | 7.886% | Apr 2029 | 1.17x | 95% | Current |
| Hilton Garden Inn - San Diego Mission Valley Stadium | San Diego, CA | Hotel | $21.1M | 4.65% | Jul 2029 | 1.90x | 85% | Current |
| Holiday Inn - San Diego | San Diego, CA | Hotel | $20.9M | 4.31% | Sep 2029 | 2.19x | n/a | Current |
| Monarch Corporate Center | San Diego, CA | Office | $19.8M | 4.65% | Jan 2029 | 2.05x | 89% | Current |
| Miramar Metroplex | San Diego, CA | Mixed use | $18.9M | 6.818% | Nov 2029 | 1.99x | 75% | Current |
All loans maturing in 2029 · All San Diego-Chula Vista-Carlsbad 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.