Mixed use · San Antonio, Texas
Shopper's City
Shopper's City is financed with a $6.5M CMBS loan at 4.61% that reaches maturity on February 6, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,500,000
- Original balance (same notes)
- $6,500,000
- Interest rate
- 4.61% fixed
- Originated
- February 6, 2019
- Maturity
- February 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2028
- Master servicer
- Midland
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 518-736 SW Military Drive, San Antonio, TX
- Metro
- San Antonio-New Braunfels, TX
- Rentable area
- 121,648 sq ft
- Built
- 1965, renovated 2000
- Largest tenants
- Service King Collision Repair; Dollar Tree Stores, Inc. #1592; Maria Hernandez
- Value at securitization
- $15.6M (Dec 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 3.56x | n/a |
| Occupancy | 91% | n/a |
| Net operating income | $1.1M | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2019-L2 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- The filing gives Aug 2026 as the lease end date for the largest tenant (Service King Collision Repair), 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 | $6.5M | Current | No | n/a | n/a |
| August 2026 | $6.5M | Current | No | n/a | n/a |
| July 2026 | $6.5M | Current | No | n/a | n/a |
| June 2026 | $6.5M | Current | No | n/a | n/a |
| May 2026 | $6.5M | Current | No | n/a | n/a |
| April 2026 | $6.5M | Current | No | 2.69x | 75% |
| March 2026 | $6.5M | Current | No | 2.69x | 75% |
| February 2026 | $6.5M | Current | No | 2.69x | 75% |
| January 2026 | $6.5M | Current | No | 2.90x | 75% |
| December 2025 | $6.5M | Current | No | 3.09x | 75% |
| November 2025 | $6.5M | Current | No | 3.09x | 75% |
| October 2025 | $6.5M | Current | No | 3.09x | 75% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2019-L2 | 41 | $6,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other San Antonio-New Braunfels loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| USRA Marathon Oil Building | San Antonio, TX | Office | $110.0M | 3.65% | Sep 2029 | 2.06x | 100% | Current |
| FedEx Ground Package System - San Antonio | San Antonio, TX | Industrial | $77.8M | 4.489% | May 2029 | n/a | n/a | Current |
| The Light Building | San Antonio, TX | Office | $43.5M | 6.86% | Jun 2029 | 1.38x | 86% | Current |
| Forward Storage San Antonio | San Antonio, TX | Self storage | $30.9M | 7.42% | Jan 2029 | 1.20x | 100% | Current |
| 19100 Ridgewood | San Antonio, TX | Office | $30.0M | 3.65% | Sep 2029 | 2.04x | 100% | Current |
| Courtyard By Marriott San Antonio Riverwalk | San Antonio, TX | Hotel | $27.8M | 5.35% | Jan 2029 | 2.23x | 63% | Late, less than 30 days |
| Terrell Plaza | San Antonio, TX | Retail | $16.6M | 6.95% | Feb 2029 | 1.55x | 96% | Current |
| Courtyard Plaza | New Braunfels, TX | Retail | $14.4M | 4.67% | Jul 2029 | 2.53x | 97% | Late, less than 30 days |
All loans maturing in 2029 · All San Antonio-New Braunfels 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.