Hotel · St. Augustine, Florida
The Ponce Hotel
The Ponce Hotel is financed with a $6.1M CMBS loan at 5.10% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,107,070
- Original balance (same notes)
- $7,500,000
- Interest rate
- 5.10% fixed
- Originated
- November 26, 2019
- Maturity
- December 6, 2029
- Payments
- Amortizing over 23 years
- Prepayment lockout ends
- September 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
- 1111 North Ponce De Leon Boulevard, St. Augustine, FL 32084
- Metro
- Jacksonville, FL
- Units, rooms or beds
- 83
- Built
- 1988, renovated 2018
- Value at securitization
- $13.1M (Nov 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.03x | 0.97x |
| Occupancy | 71% | 61% |
| Net operating income | $1.1M | $546K |
| Debt yield | 8.9% |
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-C18 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since June 2026.
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 71% when the loan was securitized to 61%.
- Net operating income is 52% below the underwritten figure ($546K a year against $1.1M).
- Debt service coverage moved from 2.03x at securitization to 0.97x on the latest statements.
- At 0.97x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.1M | Current | No | 0.97x | 61% |
| August 2026 | $6.1M | Current | No | 0.97x | 61% |
| July 2026 | $6.1M | Current | No | 0.97x | 61% |
| June 2026 | $6.2M | Current | No | 0.97x | 61% |
| May 2026 | $6.2M | Current | No | 1.53x | 61% |
| April 2026 | $6.2M | Current | No | 1.53x | 61% |
| March 2026 | $6.2M | Current | No | 1.53x | 61% |
| February 2026 | $6.2M | Current | No | 1.53x | 61% |
| January 2026 | $6.3M | Current | No | 1.53x | 61% |
| December 2025 | $6.3M | Current | No | 1.53x | 61% |
| November 2025 | $6.3M | Current | No | 1.42x | 61% |
| October 2025 | $6.3M | Current | No | 1.42x | 61% |
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-C18 | 38 | $6,107,070 | Sep 2026 | SEC filing, September 28, 2026 |
Other Jacksonville loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 12900 Pecan Park Road | Jacksonville, FL | Industrial | $139.1M | 3.25% | Jul 2029 | n/a | n/a | Current |
| Capital Plaza | Jacksonville, FL | Office | $35.0M | 4.42% | Aug 2029 | 2.03x | 87% | Current |
| Creekwood Club | Jacksonville, FL | Multifamily | $20.0M | 6.789% | Jul 2029 | n/a | n/a | Current |
| The Shoppes at Southside | Jacksonville, FL | Retail | $16.0M | 4.15% | Oct 2029 | 2.06x | 98% | Current |
| Holiday Inn Jacksonville East | Jacksonville, FL | Hotel | $6.3M | 4.20% | Nov 2029 | 1.68x | 71% | Current |
| Fleming Island Business Park | Fleming Island, FL | Office | $5.9M | 4.55% | Aug 2029 | 1.99x | 81% | Current |
| Asbury Commons | Green Cove Springs, FL | Retail | $5.2M | 4.80% | Jun 2029 | 1.86x | 98% | Current |
| WoodSpring Suites Jacksonville | Jacksonville, FL | Hotel | $4.2M | 5.61% | Mar 2029 | 1.51x | 80% | 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.