Multifamily · Clackamas, Oregon
Townhomes with a View
Townhomes with a View is financed with a $24.3M CMBS loan at 4.40% that reaches maturity on July 6, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is delinquent: 90+ days delinquent.
The loan
- Balance in tracked trusts
- $24,324,252
- Original balance (same notes)
- $26,000,000
- Interest rate
- 4.40% fixed
- Originated
- July 3, 2019
- Maturity
- July 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- March 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7602 & 9840 SE Talbert Street, Clackamas, OR 97015
- Metro
- Portland-Vancouver-Hillsboro, OR-WA
- Units, rooms or beds
- 234
- Built
- 1987, renovated 2007
- Value at securitization
- $39.1M (Jun 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.71x | 1.07x |
| Occupancy | 98% | 90% |
| Net operating income | $2.0M | $1.7M |
| Debt yield | 6.9% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC41 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- 30+ days delinquent or matured unpaid
- Coverage down 0.25x or more from securitization
On the cmbs.news watch list in every report since August 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 98% when the loan was securitized to 90%.
- Net operating income is 16% below the underwritten figure ($1.7M a year against $2.0M).
- Debt service coverage moved from 1.71x at securitization to 1.07x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $24.3M | 90+ days delinquent | No | 1.07x | 90% |
| August 2026 | $24.3M | 60-89 days delinquent | No | n/a | n/a |
| July 2026 | $24.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $24.4M | 60-89 days delinquent | No | n/a | n/a |
| May 2026 | $24.4M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $24.4M | 30-59 days delinquent | No | 1.13x | n/a |
| March 2026 | $24.4M | Payment not received but still in grace period or not yet due | No | 1.21x | 93% |
| February 2026 | $24.4M | Current | No | 1.21x | 93% |
| January 2026 | $24.5M | Current | No | 1.21x | 93% |
| December 2025 | $24.5M | Current | No | 1.21x | 93% |
| November 2025 | $24.6M | Current | No | 1.21x | 93% |
| October 2025 | $24.6M | Current | No | 1.26x | 93% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC41 | 18 | $24,324,252 | Sep 2026 | SEC filing, September 25, 2026 |
Other Portland-Vancouver-Hillsboro loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Wood Village Town Center | Wood Village, OR | Retail | $77.2M | 4.139% | Jun 2029 | n/a | n/a | Current |
| Louisa Apartments | Portland, OR | Multifamily | $58.4M | 5.073% | Oct 2029 | 0.96x | 93% | Current |
| Embassy Suites Washington Square | Tigard, OR | Hotel | $54.2M | 5.304% | Feb 2029 | 0.10x | 48% | Current |
| Kruse Woods V | Lake Oswego, OR | Office | $28.5M | 7.448% | Nov 2029 | 2.70x | 98% | Current |
| Millikan Business Center | Beaverton, OR | Mixed use | $25.8M | 3.357% | Nov 2029 | 2.22x | 100% | Current |
| Hollywood Station | Portland, OR | Retail | $14.7M | 4.46% | May 2029 | n/a | n/a | Delinquent |
| Creekside Village Apartments | Beaverton, OR | Multifamily | $12.8M | 4.61% | May 2029 | n/a | n/a | Current |
| 21 Astor | Portland, OR | Multifamily | $12.2M | 5.11% | Jan 2029 | 1.40x | 97% | Current |
All loans maturing in 2029 · All Portland-Vancouver-Hillsboro loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.