Multifamily portfolio, 6 properties · Tuscaloosa, Alabama
University Downs Apartments
Public CMBS trusts hold $47.1M of the loan on this portfolio at 5.15% that reaches maturity on February 1, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $47,126,712
- Original balance (same notes)
- $57,885,000
- Interest rate
- 5.15% fixed
- Originated
- January 28, 2019
- Maturity
- February 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 31, 2021
- Prepayment premium ends
- November 30, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently March 12, 2026
- Defeasance
- Partly defeased
The property
- Address
- 120 15th St. East, Tuscaloosa, AL 35401
- Value at securitization
- $120.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $7.5M | $7.7M |
| Debt yield | 16.4% |
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 BENCHMARK 2019-B12 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Modified
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| University Downs Apartments | Tuscaloosa, AL | Multifamily | n/a | n/a |
| Ella Lofts | San Marcos, TX | Multifamily | n/a | n/a |
| University View Apartments | Boca Raton, FL | Multifamily | n/a | n/a |
| Colonie Apartments | Amherst, NY | Multifamily | 93% | 2.02x |
| Hillcrest Apartments | Big Rapids, MI | Multifamily | n/a | n/a |
| Southgate Apartments | State College, PA | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $47.1M | Current | No | n/a | n/a |
| August 2026 | $47.1M | Current | No | n/a | n/a |
| July 2026 | $47.1M | Current | No | n/a | n/a |
| June 2026 | $47.1M | Current | No | n/a | n/a |
| May 2026 | $47.1M | Current | No | n/a | n/a |
| April 2026 | $47.1M | Current | No | n/a | n/a |
| March 2026 | $57.9M | Current | No | n/a | n/a |
| February 2026 | $57.9M | Current | No | n/a | n/a |
| January 2026 | $57.9M | Current | No | n/a | n/a |
| December 2025 | $57.9M | Current | No | n/a | n/a |
| November 2025 | $57.9M | Current | No | n/a | n/a |
| October 2025 | $57.9M | Current | No | n/a | n/a |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2019-COR5 | 9 | $23,610,169 | Sep 2026 | SEC filing, September 23, 2026 |
| BENCHMARK 2019-B12 MORTGAGE TRUST | 16 | $23,516,543 | Sep 2026 | SEC filing, September 30, 2026 |
Other Alabama loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Crunch Fitness Tuscaloosa | Tuscaloosa, AL | Retail | $2.4M | 4.19% | Oct 2029 | 1.83x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 9, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.