← CSAIL 2019-C15 Commercial Mortgage Trust · Loan annex · CMBS market
- Deal
- CSAIL 2019-C15 Commercial Mortgage Trust
- Current balance
- $5.6M (February 2023)
- Share of deal
- not yet reported
- Status
- 90+ days delinquent
- DSCR (latest)
- -0.12
- Occupancy (latest)
- 86%
- Scheduled maturity
- 2028-02-05
Property and terms
| Property | South Gate Apartments (and 2 more properties) |
| Address | 915 S. Travis Street; 221 Archer Circle; 1920 W. Shields Dr; Sherman, TX (and 2 more) 750900000 |
| Property type | Multifamily |
| Units, beds or keys | ["60", "37", "22"] |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2014", "2014", "2014"] |
| Original balance | $5.8M |
| Current balance | $5.6M (February 2023) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.77% |
| Current interest rate | 5.77% |
| Origination date | 01-31-2018 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2028-02-05 |
| Prepayment lockout end | 05-04-2020 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Natixis Real Estate Capital LLC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI"] |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2023 | $5.6M | 90+ days delinquent | 5.77% | -0.12 | -0.03 | 86% | $134,714 | 09-30-2022 | $777,958 | $791,910 | $-13,952 | $-47,951 |
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 |
|---|---|
| 2023-01-06 | Transferred to the special servicer |
| February 2023 | First reported 30 or more days delinquent |
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: CSAIL 2018-CX11 Commercial Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.