Retail · Reading, Pennsylvania
Shelbourne Square
Shelbourne Square is financed with a $11.2M CMBS loan at 3.963% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,150,513
- Original balance (same notes)
- $13,550,000
- Interest rate
- 3.963% fixed
- Originated
- November 25, 2019
- Maturity
- December 6, 2029
- Payments
- Amortizing over 25 years
- Prepayment lockout ended
- January 5, 2021
- Prepayment premium ends
- June 5, 2029 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 5410, 5430, 5442, 5450, 5454, 5468, 5474, 5486, 5490, 5494, 5496, 5498, 5500, 5504, 5506, 5508, 5370 Perkiomen Avenue, Reading, PA 19606
- Rentable area
- 262,499 sq ft
- Built
- 1991
- Largest tenants
- Home Depot; Redner's Markets Inc.; Keystone NFP Perkiomen LLC
- Value at securitization
- $21.4M (Oct 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.76x | 2.35x |
| Occupancy | 86% | 95% |
| Net operating income (annualized from 3 months) | $1.5M | $2.0M |
| Debt yield | 18.3% |
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 UBS Commercial Mortgage Trust 2019-C18 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 risen from 86% when the loan was securitized to 95%.
- Net operating income is 36% above the underwritten figure ($2.0M a year against $1.5M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.76x at securitization to 2.35x on the latest statements.
- The filing gives Sep 2028 as the lease end date for the largest tenant (Home Depot), 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 | $11.2M | Current | No | 2.35x | 95% |
| August 2026 | $11.2M | Current | No | 2.35x | 95% |
| July 2026 | $11.2M | Current | No | 2.35x | 95% |
| June 2026 | $11.3M | Current | No | 2.35x | 95% |
| May 2026 | $11.3M | Current | No | 1.67x | 95% |
| April 2026 | $11.3M | Current | No | 1.67x | 95% |
| March 2026 | $11.3M | Current | No | 2.38x | 95% |
| February 2026 | $11.4M | Current | No | 2.38x | 95% |
| January 2026 | $11.4M | Current | No | 2.38x | 95% |
| December 2025 | $11.5M | Late payment but less than 30 days delinquent | No | 2.38x | 95% |
| November 2025 | $11.5M | Current | No | 2.38x | 95% |
| October 2025 | $11.5M | Current | No | 2.15x | 96% |
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2019-C18 | 23 | $11,150,513 | Sep 2026 | SEC filing, September 28, 2026 |
Other Pennsylvania loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Broadcasting Square | Wyomissing, PA | Retail | $62.0M | 3.16% | Nov 2029 | 4.48x | 97% | Current |
| Green Hills Corporate Center | Reading, PA | Office | $61.5M | 4.35% | May 2029 | 2.24x | 100% | Current |
| Kenhorst Plaza | Reading, PA | Retail | $16.5M | 7.04% | Nov 2029 | 1.46x | 98% | Current |
| Shillington Shopping Center | Reading, PA | Retail | $7.1M | 5.20% | Feb 2029 | 2.04x | 100% | Current |
| Maxatawny Marketplace | Kutztown, PA | Retail | $6.8M | 5.20% | Mar 2029 | 2.18x | 100% | Current |
| Weis Plaza | Kutztown, PA | Retail | $4.8M | 5.44% | Feb 2029 | 1.58x | 98% | 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.