Office · Westerville, Ohio
Westar Place
Westar Place is financed with a $8.3M CMBS loan at 4.12% that reaches maturity on November 5, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $8,301,244
- Original balance (same notes)
- $9,375,000
- Interest rate
- 4.12%
- Originated
- October 8, 2019
- Maturity
- November 5, 2029
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Natixis
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred November 7, 2025
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 600 North Cleveland Avenue, Westerville, OH 43082
- Metro
- Columbus, OH
- Rentable area
- 93,519 sq ft
- Built
- 2006
- Largest tenants
- Bank of America; Eaton Corporation; Velocity Software
- Value at securitization
- $12.6M (Aug 2019)
Performance
| At securitization | Latest (Jun 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.70x |
| Occupancy | 98% | 67% |
| Net operating income | n/a | $925K |
| Debt yield | 11.2% |
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-C5 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Occupancy down 10 points or more from securitization
On the cmbs.news watch list in every report since November 2025.
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
- Occupancy has fallen from 98% when the loan was securitized to 67%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.3M | 90+ days delinquent | Yes | 1.70x | 67% |
| August 2026 | $8.3M | 90+ days delinquent | Yes | 1.70x | 67% |
| July 2026 | $8.3M | 90+ days delinquent | Yes | 1.70x | 67% |
| June 2026 | $8.3M | 90+ days delinquent | Yes | 1.70x | 67% |
| May 2026 | $8.3M | 90+ days delinquent | Yes | 1.70x | 67% |
| April 2026 | $8.3M | 60-89 days delinquent | Yes | 1.70x | 67% |
| March 2026 | $8.3M | 30-59 days delinquent | Yes | 1.70x | 67% |
| February 2026 | $8.3M | Late payment but less than 30 days delinquent | Yes | 1.70x | 67% |
| January 2026 | $8.3M | Not reported | Yes | 1.70x | 67% |
| December 2025 | $8.3M | Not reported | Yes | 1.70x | 67% |
| November 2025 | $8.3M | Not reported | Yes | 1.70x | 67% |
| October 2025 | $8.3M | Not reported | No | 1.70x | 67% |
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 November 7, 2025, 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C5 | 38 | $8,301,244 | Sep 2026 | SEC filing, September 29, 2026 |
Other Columbus loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Columbus Business Park | Columbus, OH | Industrial | $62.0M | 7.04% | May 2029 | 2.48x | 59% | Current |
| 80 on the Commons | Columbus, OH | Mixed use | $47.3M | 2.95% | Nov 2029 | 3.34x | n/a | Current |
| AC Marriott Bridge Park | Dublin, OH | Hotel | $39.4M | 8.28% | May 2029 | 1.60x | 79% | Current |
| Northwoods Apartments | Columbus, OH | Multifamily | $34.8M | 6.20% | Aug 2029 | n/a | n/a | Current |
| The Lincoln | Columbus, OH | Office | $34.1M | 4.24% | Nov 2029 | n/a | n/a | Current |
| Jefferson Grove | Blacklick, OH | Multifamily | $13.9M | 4.95% | Feb 2029 | 1.83x | 97% | Current |
| 223 East Town Street Apartments | Columbus, OH | Multifamily | $13.6M | 4.934% | Mar 2029 | 1.13x | 93% | Current |
| Crescent Ridge | Grove City, OH | Multifamily | $11.5M | 4.11% | Jun 2029 | 1.97x | 95% | 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.