Retail · Memphis, Tennessee
Parkway Village West
Parkway Village West is financed with a $3.9M CMBS loan at 4.35% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $3,859,465
- Original balance (same notes)
- $4,228,000
- Interest rate
- 4.35% fixed
- Originated
- September 10, 2019
- Maturity
- September 6, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- June 5, 2029
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred December 19, 2025
- Workout strategy
- Pending return to master servicer
- Defeasance
- None reported
The property
- Address
- 3071-3141 South Perkins Road & 4660-4690 Knight Arnold Road, Memphis, TN 38118
- Metro
- Memphis, TN-MS-AR
- Rentable area
- 147,520 sq ft
- Built
- 1959
- Largest tenants
- Superlo Foods; Dollar General; Advance Auto Parts
- Value at securitization
- $7.0M (Jul 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.31x | 2.98x |
| Occupancy | 79% | 77% |
| Net operating income (annualized from 3 months) | $583K | $763K |
| Debt yield | 19.8% |
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 UBS Commercial Mortgage Trust 2019-C17 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
On the cmbs.news watch list in every report since January 2026.
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 31% above the underwritten figure ($763K a year against $583K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.31x at securitization to 2.98x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.9M | Current | Yes | 2.98x | 77% |
| August 2026 | $3.9M | Current | Yes | 2.98x | 77% |
| July 2026 | $3.9M | Current | Yes | 2.82x | 77% |
| June 2026 | $3.9M | Current | Yes | 2.82x | 77% |
| May 2026 | $3.9M | Current | Yes | 2.73x | 80% |
| April 2026 | $3.9M | Current | Yes | 2.73x | 80% |
| March 2026 | $3.9M | Late payment but less than 30 days delinquent | Yes | 2.73x | 80% |
| February 2026 | $3.9M | Late payment but less than 30 days delinquent | Yes | 2.73x | 80% |
| January 2026 | $3.9M | Current | Yes | 2.73x | 80% |
| December 2025 | $3.9M | Current | No | 2.73x | 80% |
| November 2025 | $3.9M | Current | No | 2.73x | 80% |
| October 2025 | $3.9M | Current | No | 2.73x | 80% |
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 December 19, 2025, still there.
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2019-C17 | 57 | $3,859,465 | Sep 2026 | SEC filing, September 28, 2026 |
Other Memphis loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 8400 Winchester | Memphis, TN | Industrial | $27.0M | 7.376% | Aug 2029 | 1.73x | 100% | Current |
| Appling Farms Corporate Park | Memphis, TN | Industrial | $24.2M | 7.05% | Jan 2029 | 1.95x | 99% | Current |
| Country View Apartments | Memphis, TN | Multifamily | $21.5M | 6.71% | Apr 2029 | 1.05x | 54% | Current |
| Homewood Suites Southaven | Southaven, MS | Hotel | $17.6M | 7.765% | Dec 2029 | 1.50x | 94% | Current |
| Jamesbridge Apartments | Memphis, TN | Multifamily | $14.3M | 4.65% | Sep 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Ventura Apartments | Memphis, TN | Multifamily | $13.7M | 7.119% | Sep 2029 | 1.25x | 93% | Late, less than 30 days |
| Olive Branch Commons | Olive Branch, MS | Retail | $12.2M | 5.33% | May 2029 | n/a | n/a | Current |
| Quail Hollow | Memphis, TN | Office | $10.5M | 4.90% | Jun 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.