← CSAIL 2018-CX11 Commercial Mortgage Trust · Loan annex · CMBS market
- Deal
- CSAIL 2018-CX11 Commercial Mortgage Trust
- Current balance
- $20.5M (September 2026)
- Share of deal
- 3.0%
- Status
- Real estate owned (REO)
- DSCR (latest)
- -1.51
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2023-02-06
Property and terms
| Property | 1 Penn Center West |
| Address | 1 Penn Center West; Pittsburgh, PA 15276 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 93,703 |
| Year built | 1981 |
| Year last renovated | 2015 |
| Original balance | $22.0M |
| Current balance | $20.5M (September 2026) |
| Share of deal balance | 3.0% |
| Interest rate at origination | 4.91% |
| Current interest rate | 4.91% |
| Origination date | 01-31-2018 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | 14 months |
| Scheduled maturity | 2023-02-06 |
| Prepayment lockout end | 05-05-2020 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance LLC |
| Current status | Real estate owned (REO) |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $14.2M | 01-11-2018 | MAI |
| Most recent reported | $14.2M | 2018-01-11 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| American International Relocation Solutions | 58,781 | 04-30-2022 |
| NVR | 48,669 | 05-31-2024 |
| Ad-Base Group, Inc. | 15,832 | 09-30-2021 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2018 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2018 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2018 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2018 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2018 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2018 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2018 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2018 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 97% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2019 | not yet reported | not yet reported | not yet reported | 1.75 | 1.98 | 96% | not yet reported | 12-31-2018 | $4.0M | $1.8M | $2.2M | $1.9M |
| May 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2019 | not yet reported | not yet reported | not yet reported | 1.74 | 1.82 | 98% | not yet reported | 06-30-2019 | $4.4M | $1.9M | $2.5M | $2.4M |
| December 2019 | not yet reported | not yet reported | not yet reported | 1.74 | 1.82 | 98% | not yet reported | 06-30-2019 | $4.4M | $1.9M | $2.5M | $2.4M |
| January 2020 | not yet reported | not yet reported | not yet reported | 1.74 | 1.82 | 98% | not yet reported | 06-30-2019 | $4.4M | $1.9M | $2.5M | $2.4M |
| February 2020 | not yet reported | not yet reported | not yet reported | 1.82 | 2.02 | 90% | not yet reported | 12-31-2019 | $4.6M | $2.0M | $2.6M | $2.4M |
| March 2020 | not yet reported | not yet reported | not yet reported | 1.82 | 2.02 | 90% | not yet reported | 12-31-2019 | $4.6M | $2.0M | $2.6M | $2.4M |
| April 2020 | not yet reported | not yet reported | not yet reported | 1.82 | 2.02 | 90% | not yet reported | 12-31-2019 | $4.6M | $2.0M | $2.6M | $2.4M |
| May 2020 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2020 | $21.6M | Current | 4.91% | 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 |
| July 2020 | $21.6M | Current | 4.91% | 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 |
| August 2020 | $21.6M | Current | 4.91% | 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 |
| September 2020 | $21.6M | Current | 4.91% | 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 |
| October 2020 | $21.5M | Current | 4.91% | 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 |
| November 2020 | $21.5M | Current | 4.91% | 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 2020 | $21.5M | Current | 4.91% | 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 |
| January 2021 | $21.4M | Current | 4.91% | 1.72 | 1.90 | 90% | $0 | 09-30-2020 | $4.4M | $1.7M | $2.7M | $2.4M |
| February 2021 | $21.4M | Current | 4.91% | 1.72 | 1.90 | 90% | $0 | 09-30-2020 | $4.4M | $1.7M | $2.7M | $2.4M |
| March 2021 | $21.4M | Current | 4.91% | 1.72 | 1.90 | 90% | $0 | 09-30-2020 | $4.4M | $1.7M | $2.7M | $2.4M |
| April 2021 | $21.4M | Current | 4.91% | 1.80 | 1.99 | 90% | $0 | 12-31-2020 | $4.4M | $1.6M | $2.8M | $2.5M |
| May 2021 | $21.3M | Current | 4.91% | 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 |
| June 2021 | $21.3M | Current | 4.91% | 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 |
| July 2021 | $21.3M | Current | 4.91% | 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 |
| August 2021 | $21.2M | Current | 4.91% | 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 |
| September 2021 | $21.2M | Current | 4.91% | 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 |
| October 2021 | $21.2M | Current | 4.91% | 1.46 | 1.64 | 89% | $0 | 06-30-2021 | $4.0M | $1.7M | $2.3M | $2.0M |
| November 2021 | $21.2M | Current | 4.91% | 1.46 | 1.64 | 89% | $0 | 06-30-2021 | $4.0M | $1.7M | $2.3M | $2.0M |
| December 2021 | $21.1M | Current | 4.91% | 1.46 | 1.64 | 83% | $0 | 06-30-2021 | $4.0M | $1.7M | $2.3M | $2.0M |
| January 2022 | $21.1M | Current | 4.91% | 1.46 | 1.64 | 83% | $0 | 06-30-2021 | $4.0M | $1.7M | $2.3M | $2.0M |
| February 2022 | $21.1M | Current | 4.91% | 1.35 | 1.53 | 83% | $0 | 09-30-2021 | $4.0M | $1.9M | $2.1M | $1.9M |
| March 2022 | $21.0M | Current | 4.91% | 1.35 | 1.53 | 83% | $0 | 09-30-2021 | $4.0M | $1.9M | $2.1M | $1.9M |
| April 2022 | $21.0M | Current | 4.91% | 1.35 | 1.53 | 77% | $0 | 09-30-2021 | $4.0M | $1.9M | $2.1M | $1.9M |
| May 2022 | $21.0M | Current | 4.91% | 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 |
| June 2022 | $21.0M | Current | 4.91% | 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 |
| July 2022 | $20.9M | Current | 4.91% | 1.03 | 1.22 | 77% | $0 | 03-31-2022 | $890,338 | $464,064 | $426,273 | $361,847 |
| August 2022 | $20.9M | Current | 4.91% | 1.03 | 1.22 | 77% | $0 | 03-31-2022 | $890,338 | $464,064 | $426,273 | $361,847 |
| September 2022 | $20.9M | Current | 4.91% | 1.03 | 1.22 | 77% | $0 | 03-31-2022 | $890,338 | $464,064 | $426,273 | $361,847 |
| October 2022 | $20.8M | Current | 4.91% | 0.83 | 1.01 | 77% | $0 | 06-30-2022 | $3.2M | $1.8M | $1.4M | $1.2M |
| November 2022 | $20.8M | Current | 4.91% | 0.83 | 1.01 | 77% | $0 | 06-30-2022 | $3.2M | $1.8M | $1.4M | $1.2M |
| December 2022 | $20.8M | Current | 4.91% | 0.83 | 1.01 | 72% | $0 | 06-30-2022 | $3.2M | $1.8M | $1.4M | $1.2M |
| January 2023 | $20.7M | Current | 4.91% | 0.88 | 1.06 | 72% | $0 | 09-30-2022 | $3.2M | $1.7M | $1.5M | $1.2M |
| February 2023 | $20.7M | Real estate owned (REO) | 4.91% | 0.88 | 1.06 | 72% | $116,804 | 09-30-2022 | $3.2M | $1.7M | $1.5M | $1.2M |
| March 2023 | $20.7M | Current | 4.91% | 0.88 | 1.06 | 72% | $0 | 09-30-2022 | $3.2M | $1.7M | $1.5M | $1.2M |
| April 2023 | $20.6M | Foreclosure | 4.91% | 0.88 | 1.06 | 72% | $0 | 09-30-2022 | $3.2M | $1.7M | $1.5M | $1.2M |
| May 2023 | $20.6M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $101,599 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2023 | $20.6M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $101,089 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2023 | $20.6M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $202,688 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2023 | $20.6M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $202,688 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2023 | $20.6M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $303,777 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2023 | $20.6M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $303,778 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2023 | $20.6M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $404,867 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2023 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $414,240 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2024 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $423,399 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2024 | $20.5M | Real estate owned (REO) | 4.91% | 1.07 | 1.41 | 66% | $533,648 | 09-30-2023 | $1.8M | $1.1M | $710,530 | $538,727 |
| March 2024 | $20.5M | Real estate owned (REO) | 4.91% | 1.07 | 1.41 | 66% | $644,325 | 09-30-2023 | $1.8M | $1.1M | $710,530 | $538,727 |
| April 2024 | $20.5M | Real estate owned (REO) | 4.91% | 1.26 | 1.61 | 66% | $754,574 | 12-31-2023 | $2.1M | $1.2M | $909,381 | $711,700 |
| May 2024 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $865,037 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $975,286 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $984,150 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $1.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2024 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $1.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2024 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $1.2M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $1.3M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2024 | $20.5M | Real estate owned (REO) | 4.91% | 0.79 | 1.70 | 62% | $1.4M | 06-30-2024 | $2.9M | $1.6M | $1.3M | $598,787 |
| January 2025 | $20.5M | Real estate owned (REO) | 4.91% | 0.79 | 1.70 | 62% | $1.5M | 06-30-2024 | $2.9M | $1.6M | $1.3M | $598,787 |
| February 2025 | $20.5M | Real estate owned (REO) | 4.91% | 0.79 | 1.70 | 62% | $1.5M | 06-30-2024 | $2.9M | $1.6M | $1.3M | $598,787 |
| March 2025 | $20.5M | Real estate owned (REO) | 4.91% | 0.79 | 1.70 | 62% | $1.6M | 06-30-2024 | $2.9M | $1.6M | $1.3M | $598,787 |
| April 2025 | $20.5M | Real estate owned (REO) | 4.91% | 0.42 | 1.15 | 61% | $1.7M | 12-31-2024 | $2.7M | $1.8M | $871,026 | $316,329 |
| May 2025 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $1.8M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $1.9M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $1.9M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $2.0M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2025 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $2.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $2.2M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $2.2M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $2.3M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $2.4M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $20.5M | Real estate owned (REO) | 4.91% | -1.07 | 0.36 | 59% | $2.5M | 09-30-2025 | $2.1M | $1.8M | $272,005 | $-808,381 |
| March 2026 | $20.5M | Real estate owned (REO) | 4.91% | -1.07 | 0.36 | 59% | $2.5M | 09-30-2025 | $2.1M | $1.8M | $272,005 | $-808,381 |
| April 2026 | $20.5M | Real estate owned (REO) | 4.91% | -1.07 | 0.36 | 59% | $2.5M | 09-30-2025 | $2.1M | $1.8M | $272,005 | $-808,381 |
| May 2026 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $2.5M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $20.5M | Real estate owned (REO) | 4.91% | not yet reported | not yet reported | not yet reported | $2.5M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $20.5M | Real estate owned (REO) | 4.91% | -1.51 | -0.09 | not yet reported | $2.5M | 03-31-2026 | $1.8M | $1.9M | $-70,681 | $-1.1M |
| August 2026 | $20.5M | Real estate owned (REO) | 4.91% | -1.51 | -0.09 | not yet reported | $2.5M | 03-31-2026 | $1.8M | $1.9M | $-70,681 | $-1.1M |
| September 2026 | $20.5M | Real estate owned (REO) | 4.91% | -1.51 | -0.09 | not yet reported | $2.5M | 03-31-2026 | $1.8M | $1.9M | $-70,681 | $-1.1M |
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 |
|---|---|
| 2022-11-23 | Transferred to the special servicer |
| February 2023 | First reported 30 or more days delinquent |
| 2023-02-06 | Scheduled maturity passed; the loan is still reported, with status Real estate owned (REO) in September 2026 |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.