Office · Scottsdale, Arizona
Scottsdale Gateway II
Scottsdale Gateway II is financed with a $15.4M CMBS loan at 4.30% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $15,416,833
- Original balance (same notes)
- $16,500,000
- Interest rate
- 4.30%
- Originated
- October 17, 2019
- Maturity
- November 6, 2029
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Barclays
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8901 East Mountain View Road, Scottsdale, AZ 85258
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 107,888 sq ft
- Built
- 1998
- Largest tenants
- Honor Health Care; CaliberCos Inc; Northsight Management
- Value at securitization
- $23.9M (Nov 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.52x |
| Occupancy | 91% | 79% |
| Net operating income | n/a | $1.5M |
| Debt yield | 9.7% |
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 BBCMS Mortgage Trust 2019-C5 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
- Largest tenant's lease ends within 12 months
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 91% when the loan was securitized to 79%.
- The filing gives Apr 2027 as the lease end date for the largest tenant (Honor Health Care), 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 | $15.4M | Not reported | No | 1.52x | 79% |
| August 2026 | $15.4M | Not reported | No | 1.52x | 79% |
| July 2026 | $15.5M | Not reported | No | 1.38x | 79% |
| June 2026 | $15.5M | Not reported | No | 1.38x | 79% |
| May 2026 | $15.5M | Not reported | No | 1.38x | 79% |
| April 2026 | $15.5M | Not reported | No | 1.38x | 79% |
| March 2026 | $15.6M | Not reported | No | 1.38x | 79% |
| February 2026 | $15.6M | Not reported | No | 1.29x | 79% |
| January 2026 | $15.6M | Not reported | No | 1.29x | 79% |
| December 2025 | $15.6M | Not reported | No | 1.29x | 79% |
| November 2025 | $15.7M | Not reported | No | 1.05x | 69% |
| October 2025 | $15.7M | Not reported | No | 1.05x | 69% |
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-C5 | 26 | $15,416,833 | Sep 2026 | SEC filing, September 29, 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.