Office portfolio, 2 properties · Columbia, Maryland
Patuxent Crossing, Columbia
Public CMBS trusts hold $33.2M of the loan on this portfolio at 4.60% that reaches maturity on April 6, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $33,238,598
- Original balance (same notes)
- $36,575,000
- Interest rate
- 4.60% fixed
- Originated
- April 4, 2019
- Maturity
- April 6, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- January 5, 2029
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 9755-9830 Patuxent Woods Drive, Columbia, MD 21046
- Metro
- Baltimore-Columbia-Towson, MD
- Rentable area
- 293,548 sq ft
- Built
- 1986
- Largest tenants
- Howard County, Maryland; Madison Street Properties; Department of Human Services
- Value at securitization
- $48.9M (Feb 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.74x | 1.08x |
| Occupancy | 94% | 67% |
| Net operating income (annualized from 6 months) | $3.9M | $4.3M |
| Debt yield | 12.8% |
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 Wells Fargo Commercial Mortgage Trust 2019-C51 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 94% when the loan was securitized to 67%.
- Net operating income is 9% above the underwritten figure ($4.3M a year against $3.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.74x at securitization to 1.08x on the latest statements.
- The filing gives Mar 2027 as the lease end date for the largest tenant (Howard County, Maryland), 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 | $33.2M | Current | No | 1.08x | 67% |
| August 2026 | $33.3M | Late payment but less than 30 days delinquent | No | 1.08x | 67% |
| July 2026 | $33.3M | Current | No | 0.99x | 67% |
| June 2026 | $33.4M | Current | No | 0.99x | 67% |
| May 2026 | $33.5M | Current | No | 1.22x | 67% |
| April 2026 | $33.5M | Current | No | 1.22x | 67% |
| March 2026 | $33.6M | Current | No | 1.18x | 67% |
| February 2026 | $33.6M | Current | No | 1.18x | 67% |
| January 2026 | $33.7M | Current | No | 1.18x | 67% |
| December 2025 | $33.8M | Current | No | 1.18x | 67% |
| November 2025 | $33.8M | Current | No | 1.18x | 67% |
| October 2025 | $33.9M | Current | No | 1.38x | 77% |
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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C3 | 19 | $18,175,584 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2019-C51 | 14 | $15,063,014 | Sep 2026 | SEC filing, September 29, 2026 |
Other Baltimore-Columbia-Towson loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fieldside Grande | Aberdeen, MD | Multifamily | $52.3M | 6.06% | Jul 2029 | n/a | n/a | Current |
| Hilton Baltimore BWI Airport | Linthicum Heights, MD | Hotel | $35.0M | 4.799% | Apr 2029 | 1.57x | 82% | Current |
| McGaw Commerce Center | Columbia, MD | Industrial | $32.5M | 6.823% | Apr 2029 | 1.15x | 93% | Current |
| Dundalk Plaza | Baltimore, MD | Retail | $27.3M | 7.20% | Aug 2029 | 1.53x | 99% | Current |
| Airport Square | Linthicum, MD | Industrial | $26.2M | 4.20% | Nov 2029 | 2.72x | n/a | Current |
| Knightsbridge and Sheffield House Apartments | Baltimore, MD | Multifamily | $9.1M | 7.05% | Jan 2029 | 1.36x | 90% | Current |
| Hyatt Place Baltimore Owings Mills | Owings Mills, MD | Hotel | $6.3M | 8.23% | Jan 2029 | 1.76x | 57% | Current |
| Schnader Enterprises Portfolio | Baltimore, MD | Multifamily | $6.0M | 4.52% | Jun 2029 | 2.22x | 91% | Current |
All loans maturing in 2029 · All Baltimore-Columbia-Towson 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.