Retail · Scottsdale, Arizona
Scottsdale Crossing
Scottsdale Crossing is financed with a $10.9M CMBS loan at 4.05% that reaches maturity on September 1, 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
- $10,910,245
- Original balance (same notes)
- $11,300,000
- Interest rate
- 4.05% fixed
- Originated
- August 9, 2019
- Maturity
- September 1, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- October 31, 2021
- Prepayment premium ends
- June 30, 2029 (yield maintenance)
- Master servicer
- Midland
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2825 North Scottsdale Road, Scottsdale, AZ 85257
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 52,850 sq ft
- Built
- 1991, renovated 2001
- Largest tenants
- Get Fit Scottsdale, LLC; PCRK AZ Scottsdale Thomas 1045, LLC dba Massage Envy; Ahi Mahi Enterprise, LLC
- Value at securitization
- $18.5M (Jun 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.79x | 1.41x |
| Occupancy | 97% | 98% |
| Net operating income | $1.2M | $916K |
| Debt yield | 8.4% |
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-B13 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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
- Net operating income is 21% below the underwritten figure ($916K a year against $1.2M).
- Debt service coverage moved from 1.79x at securitization to 1.41x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.9M | Current | No | 1.41x | 98% |
| August 2026 | $10.9M | Current | No | 1.41x | 98% |
| July 2026 | $10.9M | Current | No | 1.48x | 97% |
| June 2026 | $11.0M | Current | No | 1.48x | 97% |
| May 2026 | $11.0M | Current | No | n/a | n/a |
| April 2026 | $11.0M | Current | No | 1.47x | 97% |
| March 2026 | $11.0M | Current | No | 1.47x | 97% |
| February 2026 | $11.0M | Current | No | 1.47x | 97% |
| January 2026 | $11.0M | Current | No | 1.55x | 97% |
| December 2025 | $11.1M | Current | No | 1.66x | 97% |
| November 2025 | $11.1M | Current | No | 1.66x | 67% |
| October 2025 | $11.1M | Current | No | 1.66x | 67% |
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 |
|---|---|---|---|---|
| Benchmark 2019-B13 Mortgage Trust | 27 | $10,910,245 | Sep 2026 | SEC filing, October 1, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 3900 Camelback | Phoenix, AZ | Office | $37.5M | 3.48% | Dec 2029 | 1.93x | 24% | Current |
| 4041 Central | Phoenix, AZ | Office | $36.7M | 3.66% | Oct 2029 | 1.90x | 71% | Delinquent |
| Embassy Suites Scottsdale | Scottsdale, AZ | Hotel | $35.5M | 5.915% | Feb 2029 | 2.02x | 81% | Current |
| Riverwalk Business Park | Scottsdale, AZ | Office | $34.5M | 7.718% | Dec 2029 | 2.39x | 95% | Current |
| Papago Gateway Center | Tempe, AZ | Office | $34.0M | 8.248% | Mar 2029 | 2.33x | 99% | Current |
| Marriott Phoenix Airport | Phoenix, AZ | Hotel | $33.9M | 4.128% | Dec 2029 | 3.79x | 69% | Current |
| Scottsdale Center | Scottsdale, AZ | Office | $24.4M | 5.145% | Jan 2029 | 2.68x | 98% | Current |
| Greenway Park Plaza | Phoenix, AZ | Retail | $19.0M | 3.80% | Oct 2029 | 2.00x | 97% | Current |
All loans maturing in 2029 · All Phoenix-Mesa-Chandler 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.