Retail · Spartanburg, South Carolina
Walgreens Spartanburg
Walgreens Spartanburg is financed with a $3.3M CMBS loan at 4.537% that reaches its anticipated repayment date on August 6, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,250,000
- Original balance (same notes)
- $3,250,000
- Interest rate
- 4.537% fixed
- Originated
- July 19, 2019
- Maturity
- March 6, 2033
- Anticipated repayment date
- August 6, 2029 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2198 Southport Road, Spartanburg, SC 29306
- Rentable area
- 14,820 sq ft
- Built
- 2008
- Largest tenants
- Walgreens
- Value at securitization
- $4.9M (Jun 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.83x | 1.89x |
| Occupancy | 100% | 100% |
| Net operating income | $274K | $282K |
| Debt yield | 8.7% |
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 Wells Fargo Commercial Mortgage Trust 2019-C52 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.3M | Current | No | 1.89x | 100% |
| August 2026 | $3.3M | Current | No | 1.89x | 100% |
| July 2026 | $3.3M | Current | No | 1.89x | 100% |
| June 2026 | $3.3M | Current | No | 1.89x | 100% |
| May 2026 | $3.3M | Current | No | 1.89x | 100% |
| April 2026 | $3.3M | Current | No | 1.89x | 100% |
| March 2026 | $3.3M | Current | No | 1.89x | 100% |
| February 2026 | $3.3M | Current | No | 1.89x | 100% |
| January 2026 | $3.3M | Current | No | 1.89x | 100% |
| December 2025 | $3.3M | Current | No | 1.89x | 100% |
| November 2025 | $3.3M | Current | No | 1.89x | 100% |
| October 2025 | $3.3M | Current | No | 1.89x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C52 | 63 | $3,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other South Carolina loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Abner Apartments | Spartanburg, SC | Multifamily | $26.5M | 6.35% | Oct 2029 | n/a | n/a | Late, less than 30 days |
| 140-150 Access Road | Spartanburg, SC | Industrial | $5.5M | 7.60% | Sep 2029 | 1.36x | 100% | Late, less than 30 days |
| Anchor MHC and Tropical Circle MHC Portfolio | SC | Manufactured housing | $4.8M | 6.392% | Jun 2029 | 1.64x | 100% | Current |
| Best Western Plus Spartanburg | Boiling Springs, SC | Hotel | $3.1M | 5.40% | Apr 2029 | 2.02x | 67% | 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.