Retail · Houma, Louisiana
Walgreens Houma
Walgreens Houma is financed with a $3.5M CMBS loan at 5.25% that reached maturity on February 6, 2026, 8 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $3,550,000
- Original balance (same notes)
- $3,550,000
- Interest rate
- 5.25% fixed
- Originated
- April 1, 2019
- Maturity
- February 6, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- November 5, 2025
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Performing matured balloon (code 4)
- Special servicing
- Transferred February 9, 2026
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 1435 West Tunnel Boulevard, Houma, LA 70360
- Rentable area
- 14,490 sq ft
- Built
- 2003, renovated 2015
- Largest tenants
- Walgreens
- Value at securitization
- $6.3M (Oct 2018)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 2.05x | 1.83x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 9 months) | $388K | $347K |
| Debt yield | 9.8% |
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 Wells Fargo Commercial Mortgage Trust 2019-C50 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Past maturity
On the cmbs.news watch list in every report since February 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
- Net operating income is 10% below the underwritten figure ($347K a year against $388K; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 2.05x at securitization to 1.83x on the latest statements.
- The most recent valuation in the filing is $2.1M (April 7, 2026), against $6.3M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.5M | Performing matured balloon | Yes | 1.83x | 100% |
| August 2026 | $3.5M | Non performing matured balloon | Yes | 1.83x | 100% |
| July 2026 | $3.5M | Non performing matured balloon | Yes | 1.83x | 100% |
| June 2026 | $3.5M | Performing matured balloon | Yes | 1.83x | 100% |
| May 2026 | $3.5M | Performing matured balloon | Yes | 1.83x | 100% |
| April 2026 | $3.5M | Non performing matured balloon | Yes | 1.83x | 100% |
| March 2026 | $3.5M | Non performing matured balloon | Yes | 1.83x | 100% |
| February 2026 | $3.5M | Non performing matured balloon | Yes | 1.83x | 100% |
| January 2026 | $3.5M | Current | No | 1.83x | 100% |
| December 2025 | $3.5M | Current | No | 1.82x | 100% |
| November 2025 | $3.5M | Current | No | 1.82x | 100% |
| October 2025 | $3.5M | Current | No | 1.82x | 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.
Special-servicing history
- Transferred to the special servicer February 9, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C50 | 61 | $3,550,000 | Sep 2026 | SEC filing, September 29, 2026 |
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.