← CSAIL 2019-C15 Commercial Mortgage Trust · Loan annex · CMBS market
- Deal
- CSAIL 2019-C15 Commercial Mortgage Trust
- Current balance
- $3.8M (February 2023)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 2.61
- Occupancy (latest)
- 87%
- Scheduled maturity
- 2028-02-06
Property and terms
| Property | Candlewood Suites Fort Wayne |
| Address | 5251 Distribution Drive; Fort Wayne, IN 46825 |
| Property type | Lodging |
| Units, beds or keys | 83 |
| Net rentable square feet | not yet reported |
| Year built | 2006 |
| Year last renovated | not yet reported |
| Original balance | $4.2M |
| Current balance | $3.8M (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 | 300 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2028-02-06 |
| 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 | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $6.9M | 12-01-2017 | MAI |
| Most recent reported | $5.7M | 2020-07-16 | MAI |
Change from securitization to the most recent reported valuation: -17.4%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2023 | $3.8M | Current | 5.77% | 2.61 | 2.86 | 87% | $0 | 12-31-2022 | $2.6M | $1.4M | $1.2M | $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 |
|---|---|
| 2020-06-18 | Transferred to the special servicer |
| 2021-01-21 | Loan modified (rate after modification 0.00%; maturity after modification 2028-02-06; payment after modification $0) |
| 2021-04-09 | Returned to the master servicer |
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; CSAIL 2019-C16 Commercial Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.