Multifamily portfolio, 6 properties · Baltimore, Maryland
Schnader Enterprises Portfolio
This portfolio is financed with a $6.0M CMBS loan at 4.52% that reaches maturity on June 1, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,000,000
- Original balance (same notes)
- $6,000,000
- Interest rate
- 4.52% fixed
- Originated
- May 24, 2019
- Maturity
- June 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 31, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- CIBC Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Metro
- Baltimore-Columbia-Towson, MD
- Units, rooms or beds
- 115
- Value at securitization
- $9.5M (Apr 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.37x | 2.22x |
| Occupancy | 95% | 91% |
| Net operating income (annualized from 6 months) | $652K | $615K |
| Debt yield | 10.3% |
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-C4 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
- Occupancy has fallen from 95% when the loan was securitized to 91%.
- Net operating income is 6% below the underwritten figure ($615K a year against $652K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.37x at securitization to 2.22x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.0M | Current | No | 2.22x | 91% |
| August 2026 | $6.0M | Current | No | 2.09x | 91% |
| July 2026 | $6.0M | Current | No | 2.09x | 91% |
| June 2026 | $6.0M | Current | No | 2.26x | 91% |
| May 2026 | $6.0M | Current | No | 2.26x | 91% |
| April 2026 | $6.0M | Current | No | 2.26x | 91% |
| March 2026 | $6.0M | Current | No | 2.31x | 91% |
| February 2026 | $6.0M | Current | No | 2.31x | 91% |
| January 2026 | $6.0M | Current | No | 2.31x | 91% |
| December 2025 | $6.0M | Current | No | 2.21x | 93% |
| November 2025 | $6.0M | Current | No | 2.21x | 93% |
| October 2025 | $6.0M | Current | No | 2.21x | 93% |
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-C4 | 51 | $6,000,000 | 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 |
| Patuxent Crossing, Columbia | Columbia, MD | Office | $33.2M | 4.60% | Apr 2029 | 1.08x | 67% | 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 |
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.