Retail · Pittsburgh, Pennsylvania
The Block Northway
Public CMBS trusts hold $80.7M of the loan on The Block Northway at 4.649% 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
- $80,740,696
- Original balance (same notes)
- $84,000,000
- Interest rate
- 4.649% fixed
- Originated
- February 15, 2019
- Maturity
- March 6, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- December 5, 2028
- Master servicer
- Midland
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6210-6300 Northway Drive 8003-8033 McKnight Road, Pittsburgh, PA 15237
- Metro
- Pittsburgh, PA
- Rentable area
- 354,400 sq ft
- Built
- 1958, renovated 2018
- Largest tenants
- Nordstrom, Inc.; Dave & Buster's of Pittsburgh, Inc.; Marmaxx Operating Corp.
- Value at securitization
- $122.5M (Oct 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.42x | 1.35x |
| Occupancy | 93% | 83% |
| Net operating income (annualized from 6 months) | $7.4M | $14.1M |
| Debt yield | 17.5% |
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-C3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 fallen from 93% when the loan was securitized to 83%.
- Net operating income is 92% above the underwritten figure ($14.1M a year against $7.4M; the latest statement covers 6 months, annualized).
- The filing gives Aug 2028 as the lease end date for the largest tenant (Nordstrom, Inc.), 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 | $80.7M | Current | No | 1.35x | 83% |
| August 2026 | $80.9M | Current | No | 1.35x | 92% |
| July 2026 | $81.0M | Current | No | 1.35x | 92% |
| June 2026 | $81.1M | Current | No | 1.29x | 92% |
| May 2026 | $81.2M | Current | No | 1.29x | 92% |
| April 2026 | $81.3M | Current | No | 1.29x | 92% |
| March 2026 | $81.4M | Current | No | 1.27x | 92% |
| February 2026 | $81.5M | Current | No | 1.27x | 92% |
| January 2026 | $81.7M | Current | No | 1.27x | 92% |
| December 2025 | $81.8M | Current | No | 1.27x | 92% |
| November 2025 | $81.9M | Current | No | 1.27x | 92% |
| October 2025 | $82.0M | Current | No | 1.28x | 89% |
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C50 | 11 | $24,029,969 | Sep 2026 | SEC filing, September 29, 2026 |
| UBS Commercial Mortgage Trust 2019-C16 | 9 | $22,107,572 | Sep 2026 | SEC filing, September 28, 2026 |
| Morgan Stanley Capital I Trust 2019-H6 | 11 | $18,262,776 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2019-C3 | 21 | $16,340,379 | Sep 2026 | SEC filing, September 29, 2026 |
Other Pittsburgh loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Nova Place | Pittsburgh, PA | Office | $140.0M | 4.192% | Jun 2029 | 1.97x | 78% | Current |
| Sheraton Station Square | Pittsburgh, PA | Hotel | $34.0M | 7.643% | Dec 2029 | n/a | n/a | Current |
| 2000 Park Lane | Pittsburgh, PA | Office | $26.0M | 3.465% | Dec 2029 | -1.55x | 24% | Current |
| Hyatt Place Pittsburgh North Shore | Pittsburgh, PA | Hotel | $23.3M | 7.289% | Jun 2029 | 2.10x | 68% | Current |
| Heritage Valley Health Monaca | Monaca, PA | Office | $11.9M | 3.35% | Oct 2029 | 3.06x | 100% | Current |
| Pittsburgh Multifamily Portfolio | Pittsburgh, PA | Multifamily | $9.6M | 4.183% | Nov 2029 | 1.77x | 93% | Current |
| North Fayette Shopping Center | Pittsburgh, PA | Retail | $4.7M | 3.479% | Nov 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.