Multifamily · Spring Lake, North Carolina
The Cliffs at Waterford
The Cliffs at Waterford is financed with a $8.7M CMBS loan at 3.88% that reaches maturity on October 6, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,650,000
- Original balance (same notes)
- $8,650,000
- Interest rate
- 3.88% fixed
- Originated
- September 11, 2019
- Maturity
- October 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2029
- Master servicer
- Trimont LLC
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 859 Cliff Circle, Spring Lake, NC 28390
- Units, rooms or beds
- 144
- Built
- 2010
- Value at securitization
- $13.8M (Jul 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.44x | 2.45x |
| Occupancy | 92% | 97% |
| Net operating income (annualized from 6 months) | $832K | $837K |
| Debt yield | 9.7% |
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-C17 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 92% when the loan was securitized to 97%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.7M | Current | No | 2.45x | 97% |
| August 2026 | $8.7M | Current | No | 2.45x | 97% |
| July 2026 | $8.7M | Current | No | 2.58x | 97% |
| June 2026 | $8.7M | Current | No | 2.58x | 97% |
| May 2026 | $8.7M | Current | No | 2.58x | 97% |
| April 2026 | $8.7M | Current | No | 2.49x | 91% |
| March 2026 | $8.7M | Current | No | 2.49x | 91% |
| February 2026 | $8.7M | Current | No | 2.49x | 91% |
| January 2026 | $8.7M | Current | No | 2.80x | 89% |
| December 2025 | $8.7M | Current | No | 2.80x | 89% |
| November 2025 | $8.7M | Current | No | 2.80x | 89% |
| October 2025 | $8.7M | Current | No | 2.87x | 97% |
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-C17 | 35 | $8,650,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other North Carolina loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Innovation Park | Charlotte, NC | Office | $182.3M | 3.505% | Nov 2029 | 1.22x | 49% | Current |
| 4813, 4815 & 4721 Emperor Boulevard and 1005, 1007 & 1009 Slater Road | Durham, NC | Office | $108.0M | 7.364% | Mar 2029 | n/a | n/a | Current |
| Exchange On Erwin | Durham, NC | Mixed use | $75.5M | 3.421% | Dec 2029 | 0.99x | n/a | Current |
| The Arcadian | Winston-Salem, NC | Multifamily | $74.2M | 6.95% | Sep 2029 | n/a | n/a | Current |
| Panorama Tower | Charlotte, NC | Mixed use | $71.5M | 7.37% | Mar 2029 | 2.06x | 72% | Current |
| White Oak Crossing | Garner, NC | Retail | $60.0M | 3.544% | Dec 2029 | 2.14x | 99% | Current |
| Weston I & II | Cary, NC | Office | $48.4M | 5.742% | Jan 2029 | 1.11x | 74% | Current |
| Walmart Asheboro Individual Property | Asheboro, NC | Retail | $42.3M | 3.63% | Dec 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.