Retail · La Grande, Oregon
Safeway La Grande
Safeway La Grande is financed with a $5.5M CMBS loan at 5.05% that reaches maturity on May 1, 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
- $5,500,000
- Original balance (same notes)
- $5,500,000
- Interest rate
- 5.05% fixed
- Originated
- April 4, 2019
- Maturity
- May 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 31, 2028
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2111 Adams Avenue, La Grande, OR 97850
- Rentable area
- 56,284 sq ft
- Built
- 2001, renovated 2013
- Largest tenants
- Safeway Store
- Value at securitization
- $9.5M (Feb 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.79x | 2.03x |
| Occupancy | 100% | n/a |
| Net operating income (annualized from 6 months) | $504K | $1.2M |
| Debt yield | 20.9% |
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-C3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 129% above the underwritten figure ($1.2M a year against $504K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.79x at securitization to 2.03x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.5M | Current | No | 2.03x | n/a |
| August 2026 | $5.5M | Current | No | 2.03x | n/a |
| July 2026 | $5.5M | Current | No | n/a | n/a |
| June 2026 | $5.5M | Current | No | n/a | n/a |
| May 2026 | $5.5M | Current | No | n/a | n/a |
| April 2026 | $5.5M | Current | No | 2.03x | 100% |
| March 2026 | $5.5M | Current | No | 2.03x | 100% |
| February 2026 | $5.5M | Current | No | 2.03x | 100% |
| January 2026 | $5.5M | Current | No | 2.03x | 100% |
| December 2025 | $5.5M | Current | No | 2.03x | 100% |
| November 2025 | $5.5M | Current | No | 2.03x | 100% |
| October 2025 | $5.5M | Current | No | 2.03x | 100% |
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C3 | 44 | $5,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Oregon loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Wood Village Town Center | Wood Village, OR | Retail | $77.2M | 4.139% | Jun 2029 | n/a | n/a | Current |
| Louisa Apartments | Portland, OR | Multifamily | $58.4M | 5.073% | Oct 2029 | 0.96x | 93% | Current |
| Embassy Suites Washington Square | Tigard, OR | Hotel | $54.2M | 5.304% | Feb 2029 | 0.10x | 48% | Current |
| Kruse Woods V | Lake Oswego, OR | Office | $28.5M | 7.448% | Nov 2029 | 2.70x | 98% | Current |
| Millikan Business Center | Beaverton, OR | Mixed use | $25.8M | 3.357% | Nov 2029 | 2.22x | 100% | Current |
| 3565 Trelstad Ave Southeast | Salem, OR | Office | $25.5M | 4.15% | Jun 2029 | 1.69x | 100% | Current |
| Townhomes with a View | Clackamas, OR | Multifamily | $24.3M | 4.40% | Jul 2029 | 1.07x | 90% | Delinquent |
| Bend River Promenade | Bend, OR | Retail | $22.0M | 6.88% | Nov 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.