Retail · Lubbock, Texas
Rockridge Plaza
Rockridge Plaza is financed with a $9.8M CMBS loan at 4.90% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,794,250
- Original balance (same notes)
- $10,500,000
- Interest rate
- 4.90% fixed
- Originated
- April 23, 2019
- Maturity
- May 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- January 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, acting through its New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred May 26, 2020, returned January 29, 2021
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 5217 82nd Street, Lubbock, TX 79424
- Metro
- Lubbock, TX
- Rentable area
- 86,534 sq ft
- Built
- 1985
- Largest tenants
- Close Out Connection; Caprock Restaurants, Inc.; Texas Wedge
- Value at securitization
- $14.8M (Mar 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.58x | 1.29x |
| Occupancy | 95% | 69% |
| Net operating income (annualized from 6 months) | $1.1M | $1.7M |
| Debt yield | 17.7% |
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 Benchmark 2019-B11 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points 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
- Occupancy has fallen from 95% when the loan was securitized to 69%.
- Net operating income is 64% above the underwritten figure ($1.7M a year against $1.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.58x at securitization to 1.29x on the latest statements.
- The filing gives Dec 2028 as the lease end date for the largest tenant (Close Out Connection), 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 | $9.8M | Current | No | 1.29x | 69% |
| August 2026 | $9.8M | Current | No | 1.29x | 69% |
| July 2026 | $9.8M | Current | No | 1.33x | 69% |
| June 2026 | $9.8M | Current | No | 1.33x | 69% |
| May 2026 | $9.9M | Current | No | n/a | n/a |
| April 2026 | $9.9M | Current | No | 1.23x | n/a |
| March 2026 | $9.9M | Current | No | 1.23x | n/a |
| February 2026 | $9.9M | Current | No | 1.23x | n/a |
| January 2026 | $9.9M | Current | No | 1.32x | 90% |
| December 2025 | $9.9M | Current | No | 1.32x | 91% |
| November 2025 | $9.9M | Current | No | 1.32x | 91% |
| October 2025 | $10.0M | Current | No | 1.34x | 91% |
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 May 26, 2020, returned to the master servicer January 29, 2021.
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 |
|---|---|---|---|---|
| Benchmark 2019-B11 Mortgage Trust | 32 | $9,794,250 | Sep 2026 | SEC filing, September 28, 2026 |
Other Lubbock loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hgi Lubbock | Lubbock, TX | Hotel | $12.6M | 4.93% | Mar 2029 | n/a | n/a | Current |
| Fairfield Inn & Suites Lubbock | Lubbock, TX | Hotel | $8.3M | 4.93% | Apr 2029 | n/a | n/a | With the special servicer |
| Alamo Drafthouse Cinema Lubbock | Lubbock, TX | Retail | $5.0M | 4.55% | Mar 2029 | n/a | n/a | Current |
| The Dylan | Lubbock, TX | Multifamily | $4.4M | 7.551% | Jan 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.