Multifamily · Austin, Texas
SkyLoft Austin
SkyLoft Austin is financed with a $36.0M CMBS loan at 4.283% that reaches maturity on March 6, 2029, in 2 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $36,000,000
- Original balance (same notes)
- $36,000,000
- Interest rate
- 4.283% fixed
- Originated
- February 26, 2019
- Maturity
- March 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- October 5, 2019
- Prepayment premium ends
- December 5, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred November 16, 2021, returned November 30, 2022
- Workout strategy
- Resolved
- Defeasance
- Partly defeased
The property
- Address
- 507 West 23rd Street, Austin, TX 78705
- Metro
- Austin-Round Rock-San Marcos, TX
- Units, rooms or beds
- 674
- Built
- 2018
- Value at securitization
- $119.8M (Nov 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.95x | 3.06x |
| Occupancy | 100% | 87% |
| Net operating income | $6.2M | $4.8M |
| Debt yield | 13.3% |
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-C16 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points 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
- Occupancy has fallen from 100% when the loan was securitized to 87%.
- Net operating income is 22% below the underwritten figure ($4.8M a year against $6.2M).
- Debt service coverage moved from 3.95x at securitization to 3.06x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $36.0M | Current | No | 3.06x | 87% |
| August 2026 | $36.0M | Current | No | 3.09x | 87% |
| July 2026 | $36.0M | Current | No | n/a | n/a |
| June 2026 | $36.0M | Current | No | n/a | n/a |
| May 2026 | $36.0M | Current | No | n/a | n/a |
| April 2026 | $36.0M | Current | No | 3.39x | 90% |
| March 2026 | $36.0M | Current | No | 3.39x | 90% |
| February 2026 | $36.0M | Current | No | 3.39x | 90% |
| January 2026 | $36.0M | Current | No | 3.39x | 90% |
| December 2025 | $36.0M | Current | No | 3.39x | 90% |
| November 2025 | $36.0M | Current | No | 3.60x | 90% |
| October 2025 | $36.0M | Current | No | 3.60x | 92% |
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.
Special-servicing history
- Transferred to the special servicer November 16, 2021, returned to the master servicer November 30, 2022.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2019-C16 | 3 | $36,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Langdon at Walnut Park | Austin, TX | Multifamily | $55.0M | 6.257% | Sep 2029 | 0.84x | 91% | Current |
| Rialto I & Ii | Austin, TX | Office | $30.0M | 8.143% | Apr 2029 | 1.51x | 67% | Current |
| Villa Nueces | Austin, TX | Multifamily | $30.0M | 4.598% | Nov 2029 | n/a | n/a | Current |
| Springdale General | Austin, TX | Office | $24.5M | 4.76% | Jan 2029 | 3.18x | 100% | Current |
| Crystal Falls | Leander, TX | Retail | $21.2M | 4.15% | Jul 2029 | 2.28x | 96% | Current |
| Home2 Suites By Hilton Domain | Austin, TX | Hotel | $18.8M | 4.53% | Jul 2029 | n/a | n/a | Current |
| Kyle Crossings | Kyle, TX | Retail | $18.1M | 5.463% | Jan 2029 | 2.83x | 99% | Current |
| Innovation Business Park 7 | Hutto, TX | Industrial | $17.5M | 9.302% | May 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Austin-Round Rock-San Marcos 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.