Retail · Moncks Corner, South Carolina
WAG Moncks Corner, SC
WAG Moncks Corner, SC is financed with a $2.9M CMBS loan at 3.80% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $2,905,475
- Original balance (same notes)
- $3,000,000
- Interest rate
- 3.80% fixed
- Originated
- October 15, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 395 N. Highway 52, Moncks Corner, SC 29461
- Metro
- Charleston-North Charleston, SC
- Rentable area
- 14,820 sq ft
- Built
- 2006
- Largest tenants
- Walgreens
- Value at securitization
- $5.4M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.82x | 3.86x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $306K | $1.3M |
| Debt yield | 45.0% |
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-B14 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 327% above the underwritten figure ($1.3M a year against $306K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.82x at securitization to 3.86x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.9M | Late payment but less than 30 days delinquent | No | 3.86x | 100% |
| August 2026 | $2.9M | Late payment but less than 30 days delinquent | No | 3.86x | 100% |
| July 2026 | $2.9M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $2.9M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $2.9M | Current | No | n/a | n/a |
| April 2026 | $2.9M | Current | No | 3.86x | 100% |
| March 2026 | $2.9M | Current | No | 3.86x | 100% |
| February 2026 | $2.9M | Current | No | 3.86x | 100% |
| January 2026 | $2.9M | Current | No | 3.86x | 100% |
| December 2025 | $2.9M | Current | No | 3.86x | 100% |
| November 2025 | $2.9M | Current | No | 3.86x | 100% |
| October 2025 | $3.0M | Current | No | 3.86x | 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 |
|---|---|---|---|---|
| Benchmark 2019-B14 Mortgage Trust | 52 | $2,905,475 | Sep 2026 | SEC filing, September 28, 2026 |
Other Charleston-North Charleston loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 8571 Rivers Ave | North Charleston, SC | Office | $21.3M | 4.05% | Nov 2029 | n/a | n/a | Current |
| Oakbrook Station | Summerville, SC | Retail | $18.6M | 6.60% | Jan 2029 | 1.21x | 100% | Current |
| Tru by Hilton Mount Pleasant | Mt Pleasant, SC | Hotel | $13.1M | 7.13% | Aug 2029 | 2.49x | 76% | Current |
| Montague Corners | North Charleston, SC | Retail | $13.1M | 7.29% | Jul 2029 | 1.46x | 90% | Current |
| North Charleston Center | North Charleston, SC | Retail | $12.2M | 4.98% | Mar 2029 | 2.49x | 97% | Current |
| Springhill Suites Charleston | North Charleston, SC | Hotel | $12.1M | 7.13% | Aug 2029 | 2.53x | 82% | Current |
| Chef's Store Charleston | Charleston, SC | Retail | $8.9M | 4.47% | Aug 2029 | 2.38x | 100% | Current |
| 349 Coleman Boulevard | Mount Pleasant, SC | Retail | $8.8M | 4.00% | Dec 2029 | 2.61x | 100% | Current |
All loans maturing in 2029 · All Charleston-North Charleston loans
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.