Multifamily · New Orleans, Louisiana
The Mayfair Apartments
The Mayfair Apartments is financed with a $30.0M CMBS loan at 3.50% that reaches maturity on January 6, 2030, in 3 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $30,000,000
- Original balance (same notes)
- $30,000,000
- Interest rate
- 3.50% fixed
- Originated
- December 11, 2019
- Maturity
- January 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Midland
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4254 Maple Leaf Drive, New Orleans, LA 70131
- Metro
- New Orleans-Metairie, LA
- Rentable area
- 483,635 sq ft
- Units, rooms or beds
- 442
- Built
- 1972, renovated 2020
- Value at securitization
- $58.8M (Jan 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.07x | 1.78x |
| Occupancy | 89% | 94% |
| Net operating income | $3.3M | $1.9M |
| Debt yield | 6.3% |
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 DBJPM 2020-C9 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x 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 risen from 89% when the loan was securitized to 94%.
- Net operating income is 42% below the underwritten figure ($1.9M a year against $3.3M).
- Debt service coverage moved from 3.07x at securitization to 1.78x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.0M | Current | No | 1.78x | 94% |
| August 2026 | $30.0M | Current | No | 1.78x | 94% |
| July 2026 | $30.0M | Current | No | 1.95x | 92% |
| June 2026 | $30.0M | Current | No | n/a | n/a |
| May 2026 | $30.0M | Current | No | n/a | n/a |
| April 2026 | $30.0M | Current | No | 1.79x | 89% |
| March 2026 | $30.0M | Current | No | 1.79x | 91% |
| February 2026 | $30.0M | Current | No | 1.79x | 91% |
| January 2026 | $30.0M | Current | No | 1.79x | 91% |
| December 2025 | $30.0M | Current | No | 1.89x | 91% |
| November 2025 | $30.0M | Current | No | 1.89x | 91% |
| October 2025 | $30.0M | Current | No | 1.89x | 88% |
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 |
|---|---|---|---|---|
| DBJPM 2020-C9 Mortgage Trust | 10 | $30,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other New Orleans-Metairie loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Roosevelt New Orleans | New Orleans, LA | Hotel | $114.2M | 6.87% | Jul 2030 | 1.75x | 72% | Current |
| St. Germaine | Harvey, LA | Multifamily | $33.0M | 5.70% | Nov 2030 | n/a | n/a | Current |
| The Roosevelt Hotel New Orleans | New Orleans, LA | Hotel | $15.8M | 6.87% | Jul 2030 | 1.75x | 72% | Current |
| Summerfield Apartments, Harvey | Harvey, LA | Multifamily | $14.5M | 3.44% | Oct 2030 | 2.28x | 93% | Current |
| Jefferson Business Center | Elmwood, LA | Industrial | $8.1M | 6.47% | Jul 2030 | 1.37x | 84% | Current |
| Towneplace Suites - La Place | La Place, LA | Hotel | $8.1M | 4.55% | Mar 2030 | 1.31x | 55% | Current |
| Storage Post - Jefferson, LA | Jefferson, LA | Self storage | $7.1M | 3.467% | Oct 2030 | n/a | n/a | Current |
| 3445 Causeway | Metairie, LA | Office | $6.0M | 3.882% | Jan 2030 | 6.79x | 92% | 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.