← CF 2019-CF2 Mortgage Trust · Loan annex · CMBS market
- Deal
- CF 2019-CF2 Mortgage Trust
- Current balance
- $10.3M (September 2026)
- Share of deal
- 1.7%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 1.31
- Occupancy (latest)
- 79%
- Scheduled maturity
- 2029-08-06
Property and terms
| Property | La Terraza Office Building |
| Address | 600 La Terraza Boulevard; Escondido, CA 92025 |
| Property type | Office |
| Units, beds or keys | 0 |
| Net rentable square feet | 40,201 |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $11.6M |
| Current balance | $10.3M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 4.30% |
| Current interest rate | 4.30% |
| Origination date | 07-29-2019 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2029-08-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank Real Estate Capital |
| Loan servicer | not yet reported |
| Originator | SMC |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $16.6M | 06-21-2019 | not yet reported |
| Most recent reported | $16.6M | 2019-06-21 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Dalrada: DBA Health | 8,956 | 06-30-2027 |
| Afinida | 6,604 | 11-03-2027 |
| Manhattan Investment Bank | 4,362 | 06-30-2027 |
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 | $11.6M | not yet reported | 4.30% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| December 2019 | $11.6M | not yet reported | 4.30% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| January 2020 | $11.6M | not yet reported | 4.30% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| February 2020 | $11.6M | not yet reported | 4.30% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| March 2020 | $11.6M | not yet reported | 4.30% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| April 2020 | $11.6M | Matured balloon, non-performing | 4.30% | 0.00 | 0.00 | 100% | $42,902 | not yet reported | $0 | $0 | $0 | $0 |
| May 2020 | $11.6M | 30-59 days delinquent | 4.30% | 0.00 | 0.00 | 100% | $84,421 | not yet reported | $0 | $0 | $0 | $0 |
| June 2020 | $11.6M | 30-59 days delinquent | 4.30% | 0.00 | 0.00 | 100% | $84,421 | not yet reported | $0 | $0 | $0 | $0 |
| July 2020 | $11.6M | 30-59 days delinquent | 4.30% | 0.00 | 0.00 | 100% | $84,421 | not yet reported | $0 | $0 | $0 | $0 |
| August 2020 | $11.6M | not yet reported | 4.30% | 0.00 | 0.00 | 81% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2020 | $11.6M | not yet reported | 4.30% | 1.67 | 1.76 | 81% | $0 | 06-30-2020 | $804,284 | $357,468 | $446,815 | $422,695 |
| October 2020 | $11.6M | not yet reported | 4.30% | 1.67 | 1.76 | 81% | $0 | 06-30-2020 | $804,284 | $357,468 | $446,815 | $422,695 |
| November 2020 | $11.6M | not yet reported | 4.30% | 1.59 | 1.68 | 85% | $0 | 09-30-2020 | $1.2M | $518,966 | $663,037 | $626,856 |
| December 2020 | $11.5M | not yet reported | 4.30% | 1.59 | 1.68 | 85% | $0 | 09-30-2020 | $1.2M | $518,966 | $663,037 | $626,856 |
| January 2021 | $11.5M | not yet reported | 4.30% | 1.59 | 1.68 | 85% | $0 | 09-30-2020 | $1.2M | $518,966 | $663,037 | $626,856 |
| February 2021 | $11.5M | not yet reported | 4.30% | 1.59 | 1.68 | 85% | $0 | 09-30-2020 | $1.2M | $518,966 | $663,037 | $626,856 |
| March 2021 | $11.5M | not yet reported | 4.30% | 1.59 | 1.68 | 85% | $0 | 09-30-2020 | $1.2M | $518,966 | $663,037 | $626,856 |
| April 2021 | $11.5M | not yet reported | 4.30% | 1.59 | 1.68 | 85% | $0 | 09-30-2020 | $1.2M | $518,966 | $663,037 | $626,856 |
| May 2021 | $11.5M | Matured balloon, non-performing | 4.30% | 1.59 | 1.68 | 85% | $57,357 | 09-30-2020 | $1.2M | $518,966 | $663,037 | $626,856 |
| June 2021 | $11.4M | not yet reported | 4.30% | 1.59 | 1.68 | 85% | $0 | 09-30-2020 | $1.2M | $518,966 | $663,037 | $626,856 |
| July 2021 | $11.4M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2021 | $11.4M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2021 | $11.4M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2021 | $11.4M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| November 2021 | $11.4M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| December 2021 | $11.3M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| January 2022 | $11.3M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| February 2022 | $11.3M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| March 2022 | $11.3M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| April 2022 | $11.3M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| May 2022 | $11.3M | not yet reported | 4.30% | 0.00 | 0.00 | 94% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2022 | $11.3M | Matured balloon, non-performing | 4.30% | 0.00 | 0.00 | 94% | $57,357 | not yet reported | $0 | $0 | $0 | $0 |
| July 2022 | $11.2M | not yet reported | 4.30% | 0.00 | 0.00 | 95% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2022 | $11.2M | not yet reported | 4.30% | 0.00 | 0.00 | 95% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2022 | $11.2M | Matured balloon, non-performing | 4.30% | 0.00 | 0.00 | 95% | $57,357 | not yet reported | $0 | $0 | $0 | $0 |
| October 2022 | $11.2M | not yet reported | 4.30% | 1.34 | 1.41 | 100% | $0 | 06-30-2022 | $934,676 | $449,731 | $484,945 | $460,825 |
| November 2022 | $11.2M | not yet reported | 4.30% | 1.34 | 1.41 | 100% | $0 | 06-30-2022 | $934,676 | $449,731 | $484,945 | $460,825 |
| December 2022 | $11.2M | not yet reported | 4.30% | 1.34 | 1.41 | 100% | $0 | 06-30-2022 | $934,676 | $449,731 | $484,945 | $460,825 |
| January 2023 | $11.2M | Matured balloon, non-performing | 4.30% | 1.34 | 1.41 | 100% | $57,357 | 06-30-2022 | $934,676 | $449,731 | $484,945 | $460,825 |
| February 2023 | $11.1M | not yet reported | 4.30% | 1.41 | 1.48 | 100% | $0 | 09-30-2022 | $1.4M | $658,520 | $762,874 | $726,693 |
| March 2023 | $11.1M | Matured balloon, non-performing | 4.30% | 1.41 | 1.48 | 100% | $57,362 | 09-30-2022 | $1.4M | $658,520 | $762,874 | $726,693 |
| April 2023 | $11.1M | Matured balloon, non-performing | 4.30% | 1.41 | 1.48 | 100% | $57,358 | 09-30-2022 | $1.4M | $658,520 | $762,874 | $726,693 |
| May 2023 | $11.1M | Matured balloon, non-performing | 4.30% | 0.00 | 0.00 | 100% | $57,359 | not yet reported | $0 | $0 | $0 | $0 |
| June 2023 | $11.0M | not yet reported | 4.30% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2023 | $11.0M | not yet reported | 4.30% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2023 | $11.0M | not yet reported | 4.30% | 1.50 | 1.57 | 100% | $0 | 06-30-2023 | $962,025 | $420,922 | $541,103 | $516,982 |
| September 2023 | $11.0M | not yet reported | 4.30% | 1.50 | 1.57 | 100% | $0 | 06-30-2023 | $962,025 | $420,922 | $541,103 | $516,982 |
| October 2023 | $11.0M | not yet reported | 4.30% | 1.50 | 1.57 | 100% | $0 | 06-30-2023 | $962,025 | $420,922 | $541,103 | $516,982 |
| November 2023 | $11.0M | not yet reported | 4.30% | 1.50 | 1.57 | 100% | $0 | 06-30-2023 | $962,025 | $420,922 | $541,103 | $516,982 |
| December 2023 | $11.0M | Matured balloon, non-performing | 4.30% | 1.50 | 1.57 | 100% | $57,360 | 06-30-2023 | $962,025 | $420,922 | $541,103 | $516,982 |
| January 2024 | $10.9M | Matured balloon, non-performing | 4.30% | 1.50 | 1.57 | 100% | $57,358 | 06-30-2023 | $962,025 | $420,922 | $541,103 | $516,982 |
| February 2024 | $10.9M | Matured balloon, non-performing | 4.30% | 1.26 | 1.33 | 100% | $57,358 | 09-30-2023 | $1.4M | $739,313 | $686,757 | $650,576 |
| March 2024 | $10.9M | Matured balloon, non-performing | 4.30% | 1.26 | 1.33 | 100% | $57,361 | 09-30-2023 | $1.4M | $739,313 | $686,757 | $650,576 |
| April 2024 | $10.9M | Matured balloon, non-performing | 4.30% | 1.26 | 1.33 | 100% | $57,358 | 09-30-2023 | $1.4M | $739,313 | $686,757 | $650,576 |
| May 2024 | $10.9M | not yet reported | 4.30% | 1.21 | 1.28 | 100% | $0 | 12-31-2023 | $1.9M | $1.0M | $881,683 | $833,442 |
| June 2024 | $10.9M | Matured balloon, non-performing | 4.30% | 1.21 | 1.28 | 100% | $57,359 | 12-31-2023 | $1.9M | $1.0M | $881,683 | $833,442 |
| July 2024 | $10.8M | Matured balloon, non-performing | 4.30% | 1.21 | 1.28 | 100% | $57,360 | 12-31-2023 | $1.9M | $1.0M | $881,683 | $833,442 |
| August 2024 | $10.8M | not yet reported | 4.30% | 1.21 | 1.28 | 100% | $0 | 12-31-2023 | $1.9M | $1.0M | $881,683 | $833,442 |
| September 2024 | $10.8M | Matured balloon, non-performing | 4.30% | 1.21 | 1.28 | 100% | $57,359 | 12-31-2023 | $1.9M | $1.0M | $881,683 | $833,442 |
| October 2024 | $10.8M | Matured balloon, non-performing | 4.30% | 0.74 | 0.81 | 100% | $57,360 | 06-30-2024 | $847,777 | $569,630 | $278,148 | $254,027 |
| November 2024 | $10.8M | Matured balloon, non-performing | 4.30% | 0.74 | 0.81 | 100% | $57,359 | 06-30-2024 | $847,777 | $569,630 | $278,148 | $254,027 |
| December 2024 | $10.7M | not yet reported | 4.30% | 0.73 | 0.80 | 100% | $0 | 09-30-2024 | $1.2M | $802,894 | $413,176 | $376,995 |
| January 2025 | $10.7M | not yet reported | 4.30% | 0.73 | 0.80 | 98% | $0 | 09-30-2024 | $1.2M | $802,894 | $413,176 | $376,995 |
| February 2025 | $10.7M | not yet reported | 4.30% | 0.73 | 0.80 | 98% | $0 | 09-30-2024 | $1.2M | $802,894 | $413,176 | $376,995 |
| March 2025 | $10.7M | not yet reported | 4.30% | 0.73 | 0.80 | 94% | $0 | 09-30-2024 | $1.2M | $802,894 | $413,176 | $376,995 |
| April 2025 | $10.7M | not yet reported | 4.30% | 0.71 | 0.78 | 94% | $0 | 12-31-2024 | $1.6M | $1.0M | $535,260 | $487,019 |
| May 2025 | $10.6M | not yet reported | 4.30% | 0.71 | 0.78 | 94% | $0 | 12-31-2024 | $1.6M | $1.0M | $535,260 | $487,019 |
| June 2025 | $10.6M | not yet reported | 4.30% | 0.71 | 0.78 | 94% | $0 | 12-31-2024 | $1.6M | $1.0M | $535,260 | $487,019 |
| July 2025 | $10.6M | not yet reported | 4.30% | 0.71 | 0.78 | 94% | $0 | 12-31-2024 | $1.6M | $1.0M | $535,260 | $487,019 |
| August 2025 | $10.6M | Matured balloon, non-performing | 4.30% | 0.71 | 0.78 | 94% | $57,382 | 12-31-2024 | $1.6M | $1.0M | $535,260 | $487,019 |
| September 2025 | $10.6M | Matured balloon, non-performing | 4.30% | 0.71 | 0.78 | 94% | $57,382 | 12-31-2024 | $1.6M | $1.0M | $535,260 | $487,019 |
| October 2025 | $10.5M | not yet reported | 4.30% | 0.71 | 0.78 | 81% | $0 | 12-31-2024 | $1.6M | $1.0M | $535,260 | $487,019 |
| November 2025 | $10.5M | not yet reported | 4.30% | 1.31 | 1.38 | 80% | $0 | 09-30-2025 | $1.4M | $663,742 | $713,196 | $677,015 |
| December 2025 | $10.5M | Matured balloon, non-performing | 4.30% | 1.31 | 1.38 | 80% | $57,383 | 09-30-2025 | $1.4M | $663,742 | $713,196 | $677,015 |
| January 2026 | $10.5M | not yet reported | 4.30% | 1.31 | 1.38 | 80% | $0 | 09-30-2025 | $1.4M | $663,742 | $713,196 | $677,015 |
| February 2026 | $10.5M | not yet reported | 4.30% | 1.31 | 1.38 | 80% | $0 | 09-30-2025 | $1.4M | $663,742 | $713,196 | $677,015 |
| March 2026 | $10.4M | not yet reported | 4.30% | 1.31 | 1.38 | 80% | $0 | 09-30-2025 | $1.4M | $663,742 | $713,196 | $677,015 |
| April 2026 | $10.4M | Matured balloon, non-performing | 4.30% | 1.31 | 1.38 | 80% | $57,383 | 09-30-2025 | $1.4M | $663,742 | $713,196 | $677,015 |
| May 2026 | $10.4M | Matured balloon, non-performing | 4.30% | 1.31 | 1.38 | 80% | $57,383 | 09-30-2025 | $1.4M | $663,742 | $713,196 | $677,015 |
| June 2026 | $10.4M | Matured balloon, non-performing | 4.30% | 1.31 | 1.38 | 79% | $57,383 | 03-31-2026 | $1.8M | $865,295 | $953,082 | $904,841 |
| July 2026 | $10.4M | Matured balloon, non-performing | 4.30% | 1.31 | 1.38 | 79% | $57,383 | 03-31-2026 | $1.8M | $865,295 | $953,082 | $904,841 |
| August 2026 | $10.4M | Matured balloon, non-performing | 4.30% | 1.31 | 1.38 | 79% | $57,383 | 03-31-2026 | $1.8M | $865,295 | $953,082 | $904,841 |
| September 2026 | $10.3M | Matured balloon, non-performing | 4.30% | 1.31 | 1.38 | 79% | $57,383 | 03-31-2026 | $1.8M | $865,295 | $953,082 | $904,841 |
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 |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.