Office · Sandy, Utah
Raddon Union Heights
Raddon Union Heights is financed with a $28.7M CMBS loan at 3.75% 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 and 60-89 days delinquent.
The loan
- Balance in tracked trusts
- $28,658,988
- Original balance (same notes)
- $29,600,000
- Interest rate
- 3.75% fixed
- Originated
- August 22, 2019
- Maturity
- September 6, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- June 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- 60-89 days delinquent (code 2)
- Special servicing
- Transferred August 5, 2026
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 7730 South Union Park Avenue, Sandy, UT 84047
- Metro
- Salt Lake City-Murray, UT
- Rentable area
- 142,882 sq ft
- Built
- 2007
- Largest tenants
- Regal Homes L.C. Building (unionob) (reghom ); Commercial Underwriters Insurance Agency LC (outage; Ameriprise Financial Services (amprise )
- Value at securitization
- $43.9M (Jul 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.71x | 0.49x |
| Occupancy | 88% | 42% |
| Net operating income (annualized from 3 months) | $2.8M | $815K |
| Debt yield | 2.8% |
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 JPMDB Commercial Mortgage Securities Trust 2019-COR6 filing for the reporting period ending September 9, 2026, filed with the SEC September 23, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
On the cmbs.news watch list in every report since June 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
- Occupancy has fallen from 88% when the loan was securitized to 42%.
- Net operating income is 71% below the underwritten figure ($815K a year against $2.8M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.71x at securitization to 0.49x on the latest statements.
- At 0.49x, the property's reported NOI does not cover its debt service.
- The filing gives Jun 2027 as the lease end date for the largest tenant (Regal Homes L.C. Building (unionob) (reghom )), 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 | $28.7M | 60-89 days delinquent | Yes | 0.49x | 42% |
| August 2026 | $28.7M | 30-59 days delinquent | Yes | 0.49x | 39% |
| July 2026 | $28.7M | Late payment but less than 30 days delinquent | No | 0.49x | 39% |
| June 2026 | $28.7M | Current | No | 0.49x | 39% |
| May 2026 | $28.7M | Current | No | n/a | n/a |
| April 2026 | $28.8M | Current | No | 0.67x | 57% |
| March 2026 | $28.8M | Current | No | 0.67x | 57% |
| February 2026 | $28.8M | Current | No | 0.76x | 57% |
| January 2026 | $28.9M | Current | No | 0.76x | 41% |
| December 2025 | $28.9M | Current | No | 0.76x | 41% |
| November 2025 | $29.0M | Current | No | 0.84x | 41% |
| October 2025 | $29.0M | Current | No | 0.84x | 45% |
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 August 5, 2026, 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 |
|---|---|---|---|---|
| JPMDB Commercial Mortgage Securities Trust 2019-COR6 | 12 | $28,658,988 | Sep 2026 | SEC filing, September 23, 2026 |
Other Salt Lake City-Murray loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| City Creek Center | Salt Lake City, UT | Retail | $70.0M | 7.63% | May 2029 | 2.87x | 84% | Current |
| 9th Street Marketplace | Murray, UT | Retail | $10.8M | 5.15% | Jan 2029 | 1.66x | 100% | Current |
| Onset Financial Building | Draper, UT | Office | $10.7M | 4.80% | Jun 2029 | 1.61x | 100% | Current |
| Brickyard Plaza | Salt Lake City, UT | Retail | $4.0M | 3.946% | Nov 2029 | 4.39x | 100% | Current |
| Walgreens West Valley Ut | West Valley City, UT | Retail | $3.4M | 3.80% | Nov 2029 | 2.25x | 100% | Current |
All loans maturing in 2029 · All Salt Lake City-Murray loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 9, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.