Office portfolio, 2 properties · Cary, North Carolina
Weston I & II
This portfolio is financed with a $48.4M CMBS loan at 5.742% that reaches maturity on January 1, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $48,350,000
- Original balance (same notes)
- $48,350,000
- Interest rate
- 5.742% fixed
- Originated
- December 21, 2018
- Maturity
- January 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- February 28, 2021
- Prepayment premium ends
- September 30, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1001 Winstead Drive and 5020 Weston Parkway, Cary, NC 27513
- Metro
- Raleigh-Cary, NC
- Rentable area
- 367,925 sq ft
- Built
- 1988
- Largest tenants
- Ply Gem Industries Inc; Kimley Hom and Associates Inc; Bradley Law Firm, PLLC
- Value at securitization
- $76.3M (Nov 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.58x | 1.11x |
| Occupancy | 84% | 74% |
| Net operating income (annualized from 6 months) | $4.4M | $5.8M |
| Debt yield | 12.0% |
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-B11 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
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 84% when the loan was securitized to 74%.
- Net operating income is 31% above the underwritten figure ($5.8M a year against $4.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.58x at securitization to 1.11x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $48.4M | Current | No | 1.11x | 74% |
| August 2026 | $48.4M | Current | No | 1.14x | 62% |
| July 2026 | $48.4M | Current | No | 1.14x | 62% |
| June 2026 | $48.4M | Current | No | n/a | n/a |
| May 2026 | $48.4M | Current | No | n/a | n/a |
| April 2026 | $48.4M | Current | No | 1.26x | 54% |
| March 2026 | $48.4M | Current | No | 1.26x | 54% |
| February 2026 | $48.4M | Current | No | 1.22x | 67% |
| January 2026 | $48.4M | Late payment but less than 30 days delinquent | No | 1.22x | 67% |
| December 2025 | $48.4M | Current | No | 1.22x | 67% |
| November 2025 | $48.4M | Current | No | 1.23x | 74% |
| October 2025 | $48.4M | Current | No | 1.23x | 74% |
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-B11 Mortgage Trust | 8 | $48,350,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Raleigh-Cary loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| White Oak Crossing | Garner, NC | Retail | $60.0M | 3.544% | Dec 2029 | 2.14x | 99% | Current |
| Hyatt House RDU Raleigh | Raleigh, NC | Hotel | $13.0M | 4.15% | Oct 2029 | 2.52x | n/a | Current |
| Springhill Suites Raleigh Cary | Cary, NC | Hotel | $12.8M | 3.94% | Dec 2029 | 2.28x | 68% | Current |
| Wellington Park | Cary, NC | Retail | $10.0M | 5.53% | Mar 2029 | 2.01x | 100% | Current |
| Fairfield Inn & Suites Raleigh Cary | Cary, NC | Hotel | $9.1M | 5.09% | Apr 2029 | 2.02x | 72% | Current |
| Hampton Inn - Knightdale | Knightdale, NC | Hotel | $9.0M | 4.70% | Jun 2029 | 2.39x | 69% | Current |
| Shoppes At Holly Springs | Holly Springs, NC | Retail | $5.3M | 4.02% | Jun 2029 | n/a | n/a | Current |
| Country Inn & Suites Smithfield | Smithfield, NC | Hotel | $4.8M | 5.644% | Mar 2029 | 1.21x | 59% | 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.