Multifamily portfolio, 2 properties · Williston, North Dakota
Strata Estates Williston
This portfolio is financed with a $4.5M CMBS loan at 4.05% that reaches maturity on September 6, 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
- $4,503,672
- Original balance (same notes)
- $5,200,000
- Interest rate
- 4.05%
- Originated
- September 5, 2019
- Maturity
- September 6, 2029
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1501-1643 19th Avenue West, Williston, ND 58801
- Value at securitization
- $11.8M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $883K |
| Debt yield | 19.6% |
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 CF 2019-CF2 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Strata Estates Williston | Williston, ND | Multifamily | 97% | 2.95x |
| Strata Estates of Watford City | Watford City, ND | Multifamily | 93% | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.5M | Not reported | No | 2.95x | 97% |
| August 2026 | $4.5M | Not reported | No | 2.95x | 84% |
| July 2026 | $4.5M | Not reported | No | 2.95x | 84% |
| June 2026 | $4.5M | Not reported | No | 2.95x | 84% |
| May 2026 | $4.5M | Not reported | No | 2.95x | 84% |
| April 2026 | $4.6M | Not reported | No | 2.95x | 84% |
| March 2026 | $4.6M | Late payment but less than 30 days delinquent | No | 2.95x | 84% |
| February 2026 | $4.6M | Not reported | No | 3.15x | 92% |
| January 2026 | $4.6M | Not reported | No | 3.15x | 92% |
| December 2025 | $4.6M | Not reported | No | n/a | 93% |
| November 2025 | $4.6M | Not reported | No | 2.92x | 94% |
| October 2025 | $4.6M | Not reported | No | 2.92x | 94% |
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 |
|---|---|---|---|---|
| CF 2019-CF2 Mortgage Trust | 39 | $4,503,672 | Sep 2026 | SEC filing, September 30, 2026 |
Other North Dakota loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1700 and 1740 Main Avenue West | West Fargo, ND | Industrial | $5.8M | 7.143% | Jul 2029 | n/a | n/a | 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.