Multifamily · Philadelphia, Pennsylvania
Presidential City
Public CMBS trusts hold $60.0M of the loan on Presidential City at 3.498% that reaches maturity on September 8, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $60,000,000
- Original balance (same notes)
- $60,000,000
- Interest rate
- 3.498%
- Originated
- September 6, 2019
- Maturity
- September 8, 2029
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SGFC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3800 3850 3950 City Avenue, Philadelphia, PA 19131
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Units, rooms or beds
- 1,015
- Built
- 1952, renovated 2017
- Value at securitization
- $380.0M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 0.91x |
| Occupancy | 95% | 92% |
| Net operating income | n/a | $11.6M |
| Debt yield | 19.3% |
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 BBCMS Mortgage Trust 2019-C5 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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
- At 0.91x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $60.0M | Current | No | 0.91x | 92% |
| August 2026 | $60.0M | Current | No | 0.91x | 92% |
| July 2026 | $60.0M | Current | No | 0.88x | 92% |
| June 2026 | $60.0M | Current | No | 0.88x | 92% |
| May 2026 | $60.0M | Current | No | 0.88x | 92% |
| April 2026 | $65.5M | Current | No | 0.91x | 92% |
| March 2026 | $60.0M | Current | No | 0.91x | 92% |
| February 2026 | $60.0M | Current | No | 0.94x | 92% |
| January 2026 | $60.0M | Current | No | 0.94x | 92% |
| December 2025 | $60.0M | Current | No | 0.94x | 92% |
| November 2025 | $60.0M | Current | No | 0.94x | 92% |
| October 2025 | $60.0M | Current | No | 0.92x | 92% |
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 5 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C5 | 2-A-1B | $25,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| CSAIL 2019-C18 Commercial Mortgage Trust | 15 | $15,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BBCMS Mortgage Trust 2019-C5 | 2-A-1D | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2019-C5 | 2-A-1E | $5,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2019-C5 | 2-A-1F | $5,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cira Square | Philadelphia, PA | Office | $135.0M | 6.851% | Jun 2029 | 2.98x | 100% | Current |
| The Piazza | Philadelphia, PA | Multifamily | $108.5M | 5.91% | Aug 2029 | 1.15x | 100% | Current |
| Duane Morris Plaza | Philadelphia, PA | Office | $105.3M | 3.844% | Nov 2029 | 1.69x | 92% | Current |
| 3001 Red Lion Road | Philadelphia, PA | Office | $91.8M | 3.379% | Nov 2029 | n/a | n/a | Current |
| Hilton Penn's Landing | Philadelphia, PA | Hotel | $70.0M | 4.88% | Aug 2029 | 1.37x | 69% | Current |
| One & Olney | Philadelphia, PA | Retail | $50.0M | 3.48% | Oct 2029 | 3.09x | 99% | Current |
| 1000 Chesterbrook | Berwyn, PA | Office | $37.9M | 4.14% | Oct 2029 | 1.72x | 100% | Current |
| Global Data Center | Collegeville, PA | Other | $37.0M | 4.32% | Aug 2029 | 2.84x | 100% | Current |
All loans maturing in 2029 · All Philadelphia-Camden-Wilmington 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.