Retail · Palm Bay, Florida
Palm Bay West Shopping Center
Palm Bay West Shopping Center is financed with a $11.6M CMBS loan at 3.98% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,601,286
- Original balance (same notes)
- $12,215,000
- Interest rate
- 3.98% fixed
- Originated
- October 18, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- September 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 160 Malabar Road Southwest, Palm Bay, FL 32907
- Metro
- Palm Bay-Melbourne-Titusville, FL
- Rentable area
- 264,153 sq ft
- Built
- 1989
- Largest tenants
- ROSE' S STORE; Aldi RPB-238; NCG Palm Bay
- Value at securitization
- $17.7M (Aug 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.90x | 2.58x |
| Occupancy | 91% | 89% |
| Net operating income (annualized from 3 months) | $1.4M | $1.8M |
| Debt yield | 15.8% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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
- Net operating income is 28% above the underwritten figure ($1.8M a year against $1.4M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.90x at securitization to 2.58x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.6M | Current | No | 2.58x | 89% |
| August 2026 | $11.6M | Late payment but less than 30 days delinquent | No | 2.58x | 89% |
| July 2026 | $11.6M | Current | No | 2.58x | 89% |
| June 2026 | $11.7M | Current | No | 2.58x | 89% |
| May 2026 | $11.7M | Current | No | 2.58x | 89% |
| April 2026 | $11.7M | Current | No | 2.56x | 99% |
| March 2026 | $11.7M | Current | No | 2.56x | 99% |
| February 2026 | $11.7M | Current | No | 2.56x | 99% |
| January 2026 | $11.8M | Current | No | 2.41x | 99% |
| December 2025 | $11.8M | Current | No | 2.41x | 99% |
| November 2025 | $11.8M | Current | No | 2.41x | 99% |
| October 2025 | $11.8M | Current | No | 2.30x | 99% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 | 34 | $11,601,286 | Sep 2026 | SEC filing, September 30, 2026 |
Other Palm Bay-Melbourne-Titusville loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cocoa Grand Apartments | Cocoa, FL | Multifamily | $46.9M | 6.56% | Aug 2029 | 0.89x | 92% | Late, less than 30 days |
| University Village, Melbourne | Melbourne, FL | Multifamily | $8.4M | 4.58% | Jun 2029 | 1.53x | 86% | Current |
All loans maturing in 2029 · All Palm Bay-Melbourne-Titusville 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.