Retail portfolio, 11 properties · Wood Village, Oregon
Wood Village Town Center
Public CMBS trusts hold $77.2M of the loan on this portfolio at 4.139% that reaches maturity on June 6, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $77,160,000
- Original balance (same notes)
- $77,160,000
- Interest rate
- 4.139% fixed
- Originated
- May 9, 2019
- Maturity
- June 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 5, 2021
- Prepayment premium ends
- December 5, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, New York Branch and UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 22557 Northeast Park Lane, Wood Village, OR 97060
- Metro
- Portland-Vancouver-Hillsboro, OR-WA
- Value at securitization
- $188.7M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $13.1M | $14.9M |
| Debt yield | 19.4% |
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-B12 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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 14% above the underwritten figure ($14.9M a year against $13.1M).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Wood Village Town Center | Wood Village, OR | Retail | 96% | 2.77x |
| Pecan Promenade | Tolleson, AZ | Retail | n/a | n/a |
| Valley Plaza | Tempe, AZ | Retail | n/a | n/a |
| Pear Tree Center | Ukiah, CA | Retail | n/a | n/a |
| Glendale Market Square | Glendale, AZ | Retail | n/a | n/a |
| Central Park Shopping Center | Denver, CO | Retail | n/a | n/a |
| Val Vista Towne Center | Gilbert, AZ | Retail | n/a | n/a |
| 2641 Hall Ave | Riverside, CA | Industrial | n/a | n/a |
| 606 West Troy Ave | Indianapolis, IN | Industrial | n/a | n/a |
| Homeland | Bartow, FL | Industrial | n/a | n/a |
| 2621 Hall Ave | Riverside, CA | Industrial | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $77.2M | Current | No | 2.77x | 96% |
| August 2026 | $77.2M | Current | No | 2.75x | 96% |
| July 2026 | $77.2M | Current | No | 2.75x | 96% |
| June 2026 | $77.2M | Current | No | 2.75x | 96% |
| May 2026 | $77.2M | Current | No | 2.75x | 96% |
| April 2026 | $77.2M | Current | No | 2.67x | 96% |
| March 2026 | $77.2M | Current | No | 2.67x | 96% |
| February 2026 | $77.2M | Current | No | 2.67x | 96% |
| January 2026 | $77.2M | Current | No | 2.67x | 96% |
| December 2025 | $77.2M | Current | No | 2.67x | 96% |
| November 2025 | $77.2M | Current | No | 2.67x | 96% |
| October 2025 | $77.2M | Current | No | 1.58x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2019-B12 MORTGAGE TRUST | 11 | $50,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC41 | 17 | $27,160,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Portland-Vancouver-Hillsboro loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Louisa Apartments | Portland, OR | Multifamily | $58.4M | 5.073% | Oct 2029 | 0.96x | 93% | Current |
| Embassy Suites Washington Square | Tigard, OR | Hotel | $54.2M | 5.304% | Feb 2029 | 0.10x | 48% | Current |
| Kruse Woods V | Lake Oswego, OR | Office | $28.5M | 7.448% | Nov 2029 | 2.70x | 98% | Current |
| Millikan Business Center | Beaverton, OR | Mixed use | $25.8M | 3.357% | Nov 2029 | 2.22x | 100% | Current |
| Townhomes with a View | Clackamas, OR | Multifamily | $24.3M | 4.40% | Jul 2029 | 1.07x | 90% | Delinquent |
| Hollywood Station | Portland, OR | Retail | $14.7M | 4.46% | May 2029 | n/a | n/a | Delinquent |
| Creekside Village Apartments | Beaverton, OR | Multifamily | $12.8M | 4.61% | May 2029 | n/a | n/a | Current |
| 21 Astor | Portland, OR | Multifamily | $12.2M | 5.11% | Jan 2029 | 1.40x | 97% | Current |
All loans maturing in 2029 · All Portland-Vancouver-Hillsboro loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.