Multifamily · Bloomington, Indiana
ULofts
ULofts is financed with a $3.5M CMBS loan at 3.92% that reaches maturity on December 1, 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
- $3,456,230
- Original balance (same notes)
- $3,750,000
- Interest rate
- 3.92% fixed
- Originated
- November 22, 2019
- Maturity
- December 1, 2029
- Payments
- Interest only for 30 months, then amortizing
- Prepayment lockout ends
- June 30, 2029
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 422 E 11th St 405 E Cottage Grove Avenue, Bloomington, IN 47408
- Units, rooms or beds
- 36
- Built
- 1972, renovated 2016
- Value at securitization
- $5.4M (Oct 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.60x | 2.39x |
| Occupancy | 100% | 97% |
| Net operating income | $340K | $509K |
| Debt yield | 14.7% |
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 CF 2019-CF3 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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
- Net operating income is 50% above the underwritten figure ($509K a year against $340K).
- Debt service coverage moved from 1.60x at securitization to 2.39x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.5M | Current | No | 2.39x | 97% |
| August 2026 | $3.5M | Current | No | 2.39x | 97% |
| July 2026 | $3.5M | Current | No | n/a | n/a |
| June 2026 | $3.5M | Current | No | n/a | n/a |
| May 2026 | $3.5M | Current | No | n/a | n/a |
| April 2026 | $3.5M | Current | No | 2.25x | 100% |
| March 2026 | $3.5M | Current | No | 2.25x | 100% |
| February 2026 | $3.5M | Current | No | 2.09x | 100% |
| January 2026 | $3.5M | Current | No | 2.09x | 100% |
| December 2025 | $3.5M | Current | No | 2.09x | 100% |
| November 2025 | $3.5M | Current | No | 2.27x | 100% |
| October 2025 | $3.5M | Current | No | 2.27x | 100% |
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 |
|---|---|---|---|---|
| CF 2019-CF3 Mortgage Trust | 45 | $3,456,230 | Sep 2026 | SEC filing, September 30, 2026 |
Other Indiana loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Townhomes on the Green | Bloomington, IN | Multifamily | $5.0M | 3.99% | Nov 2029 | n/a | n/a | Current |
| All American Storage Bloomington South | Bloomington, IN | Self storage | $4.3M | 4.47% | Jun 2029 | 1.62x | 99% | Current |
| All American Storage East | Bloomington, IN | Self storage | $3.6M | 4.47% | Jun 2029 | 1.82x | 73% | 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.