← CSAIL 2019-C16 Commercial Mortgage Trust · Loan annex · CMBS market
- Deal
- CSAIL 2019-C16 Commercial Mortgage Trust
- Current balance
- $32.8M (September 2026)
- Share of deal
- 4.4%
- Status
- 90+ days delinquent
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2028-11-06
Property and terms
| Property | The Peters Project (and 10 more properties) |
| Address | 1011 Paseo De Peralta; 112 W San Francisco St; 4056 Cerrillos Rd; 124 East Marcy; 1000 Paseo De Peralta; 225-235 Don Gaspar Avenue; 132 East Marcy Street; 1005 Paseo De Peralta; 216 Washington Avenue; 222 Old Santa Fe Trail; 417-419 Orchard Drive; Santa Fe, NM (and 10 more) 87501 |
| Property type | Multiple property types |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | 1998 |
| Year last renovated | ["1990", "1965", "1998", "2018"] |
| Original balance | $36.0M |
| Current balance | $32.8M (September 2026) |
| Share of deal balance | 4.4% |
| Interest rate at origination | 5.73% |
| Current interest rate | 5.73% |
| Origination date | 10-31-2018 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2028-11-06 |
| Prepayment lockout end | 07-05-2021 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $16.0M | 08-31-2018 | MAI |
| Most recent reported | $16.0M | 2018-08-31 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Gerald Peters Gallery | not yet reported | ["10-30-2033", "10-31-2033", "02-28-2052", "10-30-2033", "10-30-2033", "09-30-2023", "08-31-2023", "10-30-2033", "10-30-2033", "10-31-2030", "10-30-2033"] |
| Happy Whale, LLC | not yet reported | ["08-31-2027", "10-30-2033", "08-31-2027", "03-31-2026"] |
| Silk Road Collection | not yet reported | ["04-30-2020", "10-30-2033", "03-31-2023"] |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2019 | $35.7M | not yet reported | 5.73% | not yet reported | not yet reported | 95% | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2019 | $35.7M | Current | 5.73% | 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 | $35.7M | Current | 5.73% | 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 | $35.7M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,644 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2019 | $35.6M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,646 | 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 | 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 |
| December 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 |
| January 2020 | $35.5M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,644 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2020 | not yet reported | not yet reported | not yet reported | 1.14 | 1.23 | 100% | not yet reported | 09-30-2019 | $1.2M | $243,471 | $957,389 | $889,852 |
| March 2020 | $35.5M | Matured balloon, non-performing | 5.73% | 1.14 | 1.23 | 100% | $209,649 | 09-30-2019 | $1.2M | $243,471 | $957,389 | $889,852 |
| April 2020 | not yet reported | not yet reported | not yet reported | 1.14 | 1.23 | 100% | not yet reported | 09-30-2019 | $1.2M | $243,471 | $957,389 | $889,852 |
| 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 | $35.4M | 60-89 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $628,935 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2020 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $838,582 | ["03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020"] | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2020 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.0M | ["03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020"] | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2020 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.3M | ["03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020"] | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2020 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.4M | ["03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020"] | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2020 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.6M | ["03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020"] | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2020 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.8M | ["03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020"] | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2021 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $2.0M | ["03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020"] | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2021 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $2.2M | ["03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020"] | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2021 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $2.4M | ["03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020"] | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2021 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $2.6M | ["03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020", "03-31-2020"] | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2021 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $2.8M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2021 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $3.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2021 | $35.4M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $3.3M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2021 | $35.1M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.7M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2021 | $34.8M | 60-89 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $628,939 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2021 | $34.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $838,587 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2021 | $34.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.0M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2021 | $34.7M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $838,588 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2022 | $34.7M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $838,588 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2022 | $34.5M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,646 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2022 | $34.4M | Current | 5.73% | 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 |
| April 2022 | $34.4M | Current | 5.73% | 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 |
| May 2022 | $34.4M | Current | 5.73% | 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 | $34.4M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,646 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2022 | $34.4M | 30-59 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $419,295 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2022 | $34.4M | 60-89 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $628,942 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2022 | $34.2M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,647 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2022 | $34.1M | Current | 5.73% | 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 2022 | $34.1M | Current | 5.73% | 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 2022 | $34.1M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,649 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2023 | $34.1M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,647 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2023 | $43.5M | Current | 5.35% | 3.66 | 4.20 | 87% | $0 | 12-31-2022 | $31.5M | $21.6M | $9.9M | $8.6M |
| March 2023 | $34.0M | Matured balloon, non-performing | 5.73% | 1.24 | 1.30 | 100% | $209,654 | 06-30-2022 | $1.3M | $278,488 | $1.0M | $964,049 |
| April 2023 | $41.0M | Current | 4.34% | 1.43 | 1.45 | 94% | $0 | 12-31-2022 | $5.1M | $2.5M | $2.6M | $2.6M |
| May 2023 | $33.9M | 30-59 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $419,297 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2023 | $33.8M | Current | 5.73% | 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 2023 | $33.7M | Current | 5.73% | 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 2023 | $33.7M | Current | 5.73% | 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 2023 | $33.6M | Current | 5.73% | 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 2023 | $33.6M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,650 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2023 | $33.6M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,648 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2023 | $33.6M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,651 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2024 | $33.5M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,648 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2024 | $33.4M | Current | 5.73% | 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 |
| March 2024 | $33.4M | Current | 5.73% | 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 |
| April 2024 | $33.4M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,649 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2024 | $33.3M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,651 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $33.3M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,649 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $33.2M | Matured balloon, non-performing | 5.73% | not yet reported | not yet reported | not yet reported | $209,651 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $33.2M | 30-59 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $419,300 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2024 | $33.2M | 30-59 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $419,298 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2024 | $33.1M | 30-59 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $419,301 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | $33.1M | 30-59 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $419,301 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2024 | $33.1M | 60-89 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $628,953 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2025 | $33.0M | 60-89 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $628,951 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2025 | $33.0M | 60-89 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $628,951 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2025 | $33.0M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.0M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2025 | $33.0M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.0M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2025 | $32.8M | 60-89 days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $628,959 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $32.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $838,609 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $32.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.0M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $32.8M | 90+ days delinquent | 5.73% | 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 |
| September 2025 | $32.8M | 90+ days delinquent | 5.73% | 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 |
| October 2025 | $32.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.5M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $32.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $1.7M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $32.8M | 90+ days delinquent | 5.73% | 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 |
| January 2026 | $32.8M | 90+ days delinquent | 5.73% | 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 |
| February 2026 | $32.8M | 90+ days delinquent | 5.73% | 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 |
| March 2026 | $32.8M | 90+ days delinquent | 5.73% | 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 |
| April 2026 | $32.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $2.7M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2026 | $32.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $2.9M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $32.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $3.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $32.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $3.4M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $32.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $3.6M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $32.8M | 90+ days delinquent | 5.73% | not yet reported | not yet reported | not yet reported | $3.8M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
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 |
|---|---|
| June 2020 | First reported 30 or more days delinquent |
| 2020-06-26 | Transferred to the special servicer |
| 2021-06-21 | Loan modified (rate after modification 0.00%; maturity after modification 2028-11-06) |
| 2022-06-03 | Returned to the master servicer |
| 2022-08-23 | Transferred to the special servicer |
| 2024-01-08 | Loan modified (rate after modification 0.00%; maturity after modification 2028-11-06) |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.