Retail · Huntsville, Alabama
University Place
University Place is financed with a $17.6M CMBS loan at 4.81% that reaches maturity on May 1, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $17,608,612
- Original balance (same notes)
- $18,900,000
- Interest rate
- 4.81% fixed
- Originated
- April 23, 2019
- Maturity
- May 1, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- February 28, 2029
- Master servicer
- KeyBank N.A.
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6125 University Drive NW, Huntsville, AL 35806
- Metro
- Huntsville, AL
- Rentable area
- 154,428 sq ft
- Built
- 1989, renovated 2015
- Largest tenants
- IKEA US; 24e FItness Of Huntsvile, LLC; 88 Kitchen Buffet
- Value at securitization
- $27.3M (Jan 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.77x | 2.04x |
| Occupancy | 100% | 100% |
| Net operating income | $2.1M | $2.4M |
| Debt yield | 13.8% |
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 BBCMS Mortgage Trust 2019-C3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 15% above the underwritten figure ($2.4M a year against $2.1M).
- Debt service coverage moved from 1.77x at securitization to 2.04x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.6M | Current | No | 2.04x | 100% |
| August 2026 | $17.6M | Current | No | 2.04x | 100% |
| July 2026 | $17.7M | Current | No | n/a | n/a |
| June 2026 | $17.7M | Current | No | n/a | n/a |
| May 2026 | $17.7M | Current | No | n/a | n/a |
| April 2026 | $17.7M | Current | No | 1.98x | 71% |
| March 2026 | $17.8M | Current | No | 1.98x | 71% |
| February 2026 | $17.8M | Current | No | 1.98x | 71% |
| January 2026 | $17.8M | Current | No | 1.98x | 71% |
| December 2025 | $17.9M | Current | No | 1.98x | 71% |
| November 2025 | $17.9M | Current | No | 2.00x | 69% |
| October 2025 | $17.9M | Current | No | 2.00x | 69% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C3 | 20 | $17,608,612 | Sep 2026 | SEC filing, September 29, 2026 |
Other Huntsville loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lofts at Dallas Mill | Huntsville, AL | Multifamily | $15.9M | 6.94% | May 2029 | 0.74x | 89% | Current |
| The Shops at Merchant's Square | Huntsville, AL | Retail | $12.0M | 4.13% | Nov 2029 | 1.59x | 95% | Current |
| Hampton Cove | Owens Cross Roads, AL | Self storage | $10.8M | 5.30% | Mar 2029 | n/a | n/a | Current |
| CityLine Huntsville Storage Port | Huntsville, AL | Self storage | $7.3M | 5.70% | Sep 2029 | n/a | n/a | Current |
| Best Western Plus Madison/huntsville | Madison, AL | Hotel | $6.3M | 5.15% | Aug 2029 | -0.29x | n/a | Delinquent |
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.