← BBCMS Mortgage Trust 2019-C5 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2019-C5
- Current balance
- $33.9M (January 2026)
- Share of deal
- not yet reported
- Status
- Real estate owned (REO)
- DSCR (latest)
- 1.66
- Occupancy (latest)
- 95%
- Scheduled maturity
- 2024-06-05
Property and terms
| Property | 765 Broad Street |
| Address | 765 Broad Street; Newark, NJ 07102 |
| Property type | Office |
| Units, beds or keys | 0 |
| Net rentable square feet | 209,671 |
| Year built | 1950 |
| Year last renovated | 2019 |
| Original balance | $33.9M |
| Current balance | $33.9M (January 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.72% |
| Current interest rate | 4.72% |
| Origination date | 05-14-2019 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2024-06-05 |
| Prepayment lockout end | 02-04-2024 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank Real Estate Capital |
| Loan servicer | not yet reported |
| Originator | Natixis Real Estate Capital LLC |
| Current status | Real estate owned (REO) |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $51.9M | 01-01-2020 | MAI |
| Most recent reported | $49.7M | 2024-10-29 | MAI |
Change from securitization to the most recent reported valuation: -4.2%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Newark Public Schools | 198,513 | 04-30-2033 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2019 | $33.9M | Current | 4.72% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2019 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| January 2020 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| February 2020 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| March 2020 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| April 2020 | $33.9M | Matured balloon, non-performing | 4.72% | 0.00 | 0.00 | 0% | $137,407 | not yet reported | $0 | $0 | $0 | $0 |
| May 2020 | $33.9M | 30-59 days delinquent | 4.72% | 0.00 | 0.00 | 0% | $270,381 | not yet reported | $0 | $0 | $0 | $0 |
| June 2020 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2020 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2020 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2020 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2020 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| November 2020 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| December 2020 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| January 2021 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| February 2021 | $33.9M | not yet reported | 4.72% | 0.97 | 1.00 | 100% | $0 | 06-30-2020 | $1.9M | $1.1M | $809,476 | $784,978 |
| March 2021 | $33.9M | not yet reported | 4.72% | 1.53 | 1.56 | 100% | $0 | 09-30-2020 | $3.7M | $1.8M | $1.9M | $1.9M |
| April 2021 | $33.9M | not yet reported | 4.72% | 1.53 | 1.56 | 100% | $0 | 09-30-2020 | $3.7M | $1.8M | $1.9M | $1.9M |
| May 2021 | $33.9M | not yet reported | 4.72% | 1.53 | 1.56 | 100% | $0 | 09-30-2020 | $3.7M | $1.8M | $1.9M | $1.9M |
| June 2021 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2021 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2021 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2021 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2021 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| November 2021 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| December 2021 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| January 2022 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| February 2022 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| March 2022 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| April 2022 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| May 2022 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 98% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2022 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 98% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2022 | $33.9M | not yet reported | 4.72% | 1.57 | 1.60 | 95% | $0 | 03-31-2022 | $5.2M | $2.6M | $2.6M | $2.5M |
| August 2022 | $33.9M | not yet reported | 4.72% | 1.57 | 1.60 | 95% | $0 | 03-31-2022 | $5.2M | $2.6M | $2.6M | $2.5M |
| September 2022 | $33.9M | not yet reported | 4.72% | 1.37 | 1.40 | 95% | $0 | 06-30-2022 | $2.5M | $1.4M | $1.1M | $1.1M |
| October 2022 | $33.9M | not yet reported | 4.72% | 1.37 | 1.40 | 95% | $0 | 06-30-2022 | $2.5M | $1.4M | $1.1M | $1.1M |
| November 2022 | $33.9M | not yet reported | 4.72% | 1.37 | 1.40 | 95% | $0 | 06-30-2022 | $2.5M | $1.4M | $1.1M | $1.1M |
| December 2022 | $33.9M | not yet reported | 4.72% | 1.37 | 1.40 | 95% | $0 | 06-30-2022 | $2.5M | $1.4M | $1.1M | $1.1M |
| January 2023 | $33.9M | not yet reported | 4.72% | 1.37 | 1.40 | 95% | $0 | 09-30-2022 | $3.8M | $2.1M | $1.7M | $1.7M |
| February 2023 | $33.9M | not yet reported | 4.72% | 1.37 | 1.40 | 95% | $0 | 09-30-2022 | $3.8M | $2.1M | $1.7M | $1.7M |
| March 2023 | $33.9M | not yet reported | 4.72% | 1.37 | 1.40 | 95% | $0 | 09-30-2022 | $3.8M | $2.1M | $1.7M | $1.7M |
| April 2023 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 95% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| May 2023 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 95% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2023 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 95% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2023 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 95% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2023 | $33.9M | not yet reported | 4.72% | 0.00 | 0.00 | 95% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2023 | $33.9M | not yet reported | 4.72% | 1.58 | 1.61 | 95% | $0 | 06-30-2023 | $2.6M | $1.3M | $1.3M | $1.3M |
| October 2023 | $33.9M | not yet reported | 4.72% | 1.58 | 1.61 | 95% | $0 | 06-30-2023 | $2.6M | $1.3M | $1.3M | $1.3M |
| November 2023 | $33.9M | not yet reported | 4.72% | 1.58 | 1.61 | 95% | $0 | 06-30-2023 | $2.6M | $1.3M | $1.3M | $1.3M |
| December 2023 | $33.9M | not yet reported | 4.72% | 1.58 | 1.61 | 95% | $0 | 06-30-2023 | $2.6M | $1.3M | $1.3M | $1.3M |
| January 2024 | $33.9M | not yet reported | 4.72% | 1.40 | 1.43 | 95% | $0 | 12-31-2022 | $5.1M | $2.8M | $2.3M | $2.3M |
| February 2024 | $33.9M | not yet reported | 4.72% | 1.40 | 1.43 | 95% | $0 | 12-31-2022 | $5.1M | $2.8M | $2.3M | $2.3M |
| March 2024 | $33.9M | not yet reported | 4.72% | 1.40 | 1.43 | 95% | $0 | 12-31-2022 | $5.1M | $2.8M | $2.3M | $2.3M |
| April 2024 | $33.9M | not yet reported | 4.72% | 1.40 | 1.43 | 95% | $0 | 12-31-2022 | $5.1M | $2.8M | $2.3M | $2.3M |
| May 2024 | $33.9M | not yet reported | 4.72% | 1.84 | 1.87 | 95% | $0 | 12-31-2023 | $5.6M | $2.6M | $3.0M | $3.0M |
| June 2024 | $33.9M | Foreclosure | 4.72% | 1.84 | 1.87 | 95% | $0 | 12-31-2023 | $5.6M | $2.6M | $3.0M | $3.0M |
| July 2024 | $33.9M | Foreclosure | 4.72% | 1.84 | 1.87 | 95% | $0 | 12-31-2023 | $5.6M | $2.6M | $3.0M | $3.0M |
| August 2024 | $33.9M | Foreclosure | 4.72% | 1.66 | 1.69 | 95% | $0 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| September 2024 | $33.9M | Foreclosure | 4.72% | 1.66 | 1.69 | 95% | $0 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| October 2024 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $132,974 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| November 2024 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $270,381 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| December 2024 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $132,974 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| January 2025 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $137,407 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| February 2025 | $33.9M | Foreclosure | 4.72% | 1.66 | 1.69 | 95% | $0 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| March 2025 | $33.9M | Foreclosure | 4.72% | 1.66 | 1.69 | 95% | $0 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| April 2025 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $137,509 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| May 2025 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $133,073 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| June 2025 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $270,581 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| July 2025 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $133,073 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| August 2025 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $137,509 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| September 2025 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $137,509 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| October 2025 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $133,073 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| November 2025 | $33.9M | Foreclosure | 4.72% | 1.66 | 1.69 | 95% | $0 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| December 2025 | $33.9M | Foreclosure | 4.72% | 1.66 | 1.69 | 95% | $0 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
| January 2026 | $33.9M | Real estate owned (REO) | 4.72% | 1.66 | 1.69 | 95% | $137,509 | 12-31-2023 | $5.3M | $2.6M | $2.7M | $2.7M |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| May 2020 | First reported 30 or more days delinquent |
| 2024-06-05 | Scheduled maturity passed; the loan is still reported, with status Real estate owned (REO) in January 2026 |
| 2024-09-17 | Transferred to the special servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.