← Wells Fargo Commercial Mortgage Trust 2019-C50 · Loan annex · CMBS market
- Deal
- Wells Fargo Commercial Mortgage Trust 2019-C50
- Current balance
- $22.0M (September 2026)
- Share of deal
- 2.8%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 0.59
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2029-05-06
Property and terms
| Property | 839 BROADWAY |
| Address | 839 BROADWAY; Brooklyn, NY 11206 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 46,228 |
| Year built | 1931 |
| Year last renovated | 2019 |
| Original balance | $23.5M |
| Current balance | $22.0M (September 2026) |
| Share of deal balance | 2.8% |
| Interest rate at origination | 5.18% |
| Current interest rate | 5.18% |
| Origination date | 04-08-2019 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2029-05-06 |
| Prepayment lockout end | 03-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance LLC |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $32.5M | 03-21-2019 | MAI |
| Most recent reported | $22.7M | 2022-11-23 | MAI |
Change from securitization to the most recent reported valuation: -30.2%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Bond Collective CoworksRS | 38,500 | 03-31-2034 |
| LLC PETRICHOR | 2,300 | 07-31-2030 |
| Bushwick LLC Space | 1,950 | 03-31-2029 |
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 2019 | $23.5M | Current | 5.18% | 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 2019 | $23.5M | Current | 5.18% | 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 2019 | $23.5M | Current | 5.18% | 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 2019 | $23.5M | Current | 5.18% | 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 2019 | $23.5M | Current | 5.18% | 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 2019 | $23.5M | Current | 5.18% | 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 2019 | $23.5M | Current | 5.18% | 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 2019 | $23.5M | Current | 5.18% | 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 2020 | $23.5M | Current | 5.18% | 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 |
| February 2020 | $23.5M | Current | 5.18% | 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 2020 | $23.5M | Current | 5.18% | 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 2020 | $23.5M | Current | 5.18% | 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 2020 | $23.5M | Matured balloon, non-performing | 5.18% | not yet reported | not yet reported | not yet reported | $101,344 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2020 | $23.5M | Matured balloon, non-performing | 5.18% | not yet reported | not yet reported | not yet reported | $104,722 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2020 | $23.5M | Current | 5.18% | 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 | $23.5M | Matured balloon, non-performing | 5.18% | not yet reported | not yet reported | not yet reported | $104,722 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2020 | $23.5M | Current | 5.18% | 1.46 | 1.51 | 100% | $0 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| October 2020 | $23.5M | Matured balloon, non-performing | 5.18% | 1.46 | 1.51 | 100% | $101,344 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| November 2020 | $23.5M | Matured balloon, non-performing | 5.18% | 1.46 | 1.51 | 100% | $104,722 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| December 2020 | $23.5M | Current | 5.18% | 1.46 | 1.51 | 100% | $0 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| January 2021 | $23.5M | Matured balloon, non-performing | 5.18% | 1.46 | 1.51 | 100% | $70,166 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| February 2021 | $23.5M | Current | 5.18% | 1.46 | 1.51 | 100% | $0 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| March 2021 | $23.5M | Matured balloon, non-performing | 5.18% | 1.46 | 1.51 | 100% | $94,588 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| April 2021 | $23.5M | 30-59 days delinquent | 5.18% | 1.46 | 1.51 | 100% | $199,309 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| May 2021 | $23.5M | 30-59 days delinquent | 5.18% | 1.46 | 1.51 | 100% | $206,066 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| June 2021 | $23.5M | 60-89 days delinquent | 5.18% | 1.46 | 1.51 | 100% | $310,788 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| July 2021 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $412,131 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| August 2021 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $516,853 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| September 2021 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $621,575 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| October 2021 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $722,919 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| November 2021 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $827,641 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| December 2021 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $928,984 | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| January 2022 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $1.0M | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| February 2022 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $1.1M | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| March 2022 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $1.2M | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| April 2022 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $1.3M | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| May 2022 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $1.4M | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| June 2022 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $1.5M | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| July 2022 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $1.6M | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| August 2022 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $1.7M | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| September 2022 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $1.9M | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| October 2022 | $23.5M | 90+ days delinquent | 5.18% | 1.46 | 1.51 | 100% | $2.0M | 06-30-2020 | $1.0M | $110,518 | $931,562 | $903,825 |
| November 2022 | $23.5M | 90+ days delinquent | 5.18% | 0.96 | 1.00 | 100% | $2.1M | 06-30-2022 | $788,000 | $170,423 | $617,577 | $589,840 |
| December 2022 | $23.5M | 90+ days delinquent | 5.18% | 0.96 | 1.00 | 100% | $2.2M | 06-30-2022 | $788,000 | $170,423 | $617,577 | $589,840 |
| January 2023 | $23.5M | 90+ days delinquent | 5.18% | 0.96 | 1.00 | 100% | $2.3M | 06-30-2022 | $788,000 | $170,423 | $617,577 | $589,840 |
| February 2023 | $23.5M | Matured balloon, non-performing | 5.18% | 0.96 | 1.00 | 100% | $104,722 | 06-30-2022 | $788,000 | $170,423 | $617,577 | $589,840 |
| March 2023 | $23.5M | 30-59 days delinquent | 5.18% | 0.96 | 1.00 | 100% | $199,309 | 06-30-2022 | $788,000 | $170,423 | $617,577 | $589,840 |
| April 2023 | $23.5M | Matured balloon, non-performing | 5.18% | 0.96 | 1.00 | 100% | $104,722 | 06-30-2022 | $788,000 | $170,423 | $617,577 | $589,840 |
| May 2023 | $23.5M | Matured balloon, non-performing | 5.18% | 0.91 | 0.96 | 100% | $101,344 | 12-31-2022 | $1.5M | $357,944 | $1.2M | $1.1M |
| June 2023 | $22.0M | Current | 5.18% | 0.91 | 0.96 | 100% | $0 | 12-31-2022 | $1.5M | $357,944 | $1.2M | $1.1M |
| July 2023 | $22.0M | Current | 5.18% | 0.91 | 0.96 | 100% | $0 | 12-31-2022 | $1.5M | $357,944 | $1.2M | $1.1M |
| August 2023 | $22.0M | Current | 5.18% | 0.57 | 0.62 | 100% | $0 | 03-31-2023 | $286,026 | $96,696 | $189,330 | $175,462 |
| September 2023 | $22.0M | Current | 5.18% | 0.93 | 0.98 | 100% | $0 | 06-30-2023 | $800,475 | $198,165 | $602,310 | $574,573 |
| October 2023 | $22.0M | Current | 5.18% | 0.93 | 0.98 | 100% | $0 | 06-30-2023 | $800,475 | $198,165 | $602,310 | $574,573 |
| November 2023 | $22.0M | Current | 5.18% | 0.93 | 0.98 | 100% | $0 | 06-30-2023 | $800,475 | $198,165 | $602,310 | $574,573 |
| December 2023 | $22.0M | Current | 5.18% | 0.93 | 0.98 | 100% | $0 | 06-30-2023 | $800,475 | $198,165 | $602,310 | $574,573 |
| January 2024 | $22.0M | Current | 5.18% | 0.89 | 0.94 | 100% | $0 | 09-30-2023 | $1.2M | $310,322 | $848,373 | $806,767 |
| February 2024 | $22.0M | Current | 5.18% | 0.89 | 0.94 | 100% | $0 | 09-30-2023 | $1.2M | $310,322 | $848,373 | $806,767 |
| March 2024 | $22.0M | Matured balloon, non-performing | 5.18% | 0.89 | 0.94 | 100% | $90,794 | 09-30-2023 | $1.2M | $310,322 | $848,373 | $806,767 |
| April 2024 | $22.0M | Matured balloon, non-performing | 5.18% | 0.89 | 0.94 | 100% | $97,056 | 09-30-2023 | $1.2M | $310,322 | $848,373 | $806,767 |
| May 2024 | $22.0M | Matured balloon, non-performing | 5.18% | 0.89 | 0.94 | 100% | $93,925 | 09-30-2023 | $1.2M | $310,322 | $848,373 | $806,767 |
| June 2024 | $22.0M | Matured balloon, non-performing | 5.18% | 0.96 | 1.01 | 100% | $97,056 | 12-31-2023 | $1.5M | $275,320 | $1.2M | $1.2M |
| July 2024 | $22.0M | Matured balloon, non-performing | 5.18% | 0.84 | 0.88 | 100% | $93,925 | 03-31-2024 | $325,205 | $70,478 | $254,727 | $240,858 |
| August 2024 | $22.0M | Current | 5.18% | 0.84 | 0.88 | 100% | $0 | 03-31-2024 | $325,205 | $70,478 | $254,727 | $240,858 |
| September 2024 | $22.0M | Matured balloon, non-performing | 5.18% | 0.71 | 0.76 | 100% | $98,038 | 06-30-2024 | $568,175 | $127,997 | $440,178 | $412,441 |
| October 2024 | $22.0M | Current | 5.18% | 0.71 | 0.76 | 100% | $0 | 06-30-2024 | $568,175 | $127,997 | $440,178 | $412,441 |
| November 2024 | $22.0M | Current | 5.18% | 0.76 | 0.81 | 100% | $0 | 09-30-2024 | $903,315 | $198,609 | $704,706 | $663,100 |
| December 2024 | $22.0M | Current | 5.18% | 0.76 | 0.81 | 100% | $0 | 09-30-2024 | $903,315 | $198,609 | $704,706 | $663,100 |
| January 2025 | $22.0M | Current | 5.18% | 0.76 | 0.81 | 100% | $0 | 09-30-2024 | $903,315 | $198,609 | $704,706 | $663,100 |
| February 2025 | $22.0M | Matured balloon, non-performing | 5.18% | 0.76 | 0.81 | 100% | $98,038 | 09-30-2024 | $903,315 | $198,609 | $704,706 | $663,100 |
| March 2025 | $22.0M | Current | 5.18% | 0.76 | 0.81 | 100% | $0 | 09-30-2024 | $903,315 | $198,609 | $704,706 | $663,100 |
| April 2025 | $22.0M | Current | 5.18% | 0.76 | 0.81 | 100% | $0 | 09-30-2024 | $903,315 | $198,609 | $704,706 | $663,100 |
| May 2025 | $22.0M | Current | 5.18% | 1.02 | 1.06 | 100% | $0 | 03-31-2025 | $376,824 | $73,709 | $303,115 | $289,247 |
| June 2025 | $22.0M | Matured balloon, non-performing | 5.18% | 1.02 | 1.06 | 100% | $98,038 | 03-31-2025 | $376,824 | $73,709 | $303,115 | $289,247 |
| July 2025 | $22.0M | Matured balloon, non-performing | 5.18% | 1.02 | 1.06 | 100% | $94,875 | 03-31-2025 | $376,824 | $73,709 | $303,115 | $289,247 |
| August 2025 | $22.0M | Matured balloon, non-performing | 5.18% | 1.02 | 1.06 | 100% | $98,038 | 03-31-2025 | $376,824 | $73,709 | $303,115 | $289,247 |
| September 2025 | $22.0M | Matured balloon, non-performing | 5.18% | 1.02 | 1.06 | 100% | $98,038 | 03-31-2025 | $376,824 | $73,709 | $303,115 | $289,247 |
| October 2025 | $22.0M | Matured balloon, non-performing | 5.18% | 0.93 | 0.97 | 100% | $94,875 | 06-30-2025 | $704,889 | $143,269 | $561,620 | $533,883 |
| November 2025 | $22.0M | Matured balloon, non-performing | 5.18% | 0.93 | 0.97 | 100% | $98,038 | 06-30-2025 | $704,889 | $143,269 | $561,620 | $533,883 |
| December 2025 | $22.0M | Matured balloon, non-performing | 5.18% | 0.93 | 0.97 | 100% | $94,875 | 09-30-2025 | $1.1M | $212,835 | $845,472 | $803,867 |
| January 2026 | $22.0M | Matured balloon, non-performing | 5.18% | 0.93 | 0.97 | 100% | $98,038 | 09-30-2025 | $1.1M | $212,835 | $845,472 | $803,867 |
| February 2026 | $22.0M | Matured balloon, non-performing | 5.18% | 0.93 | 0.97 | 100% | $98,038 | 09-30-2025 | $1.1M | $212,835 | $845,472 | $803,867 |
| March 2026 | $22.0M | Matured balloon, non-performing | 5.18% | 0.93 | 0.97 | 100% | $88,550 | 09-30-2025 | $1.1M | $212,835 | $845,472 | $803,867 |
| April 2026 | $22.0M | Matured balloon, non-performing | 5.18% | 0.93 | 0.97 | 100% | $98,038 | 09-30-2025 | $1.1M | $212,835 | $845,472 | $803,867 |
| May 2026 | $22.0M | Matured balloon, non-performing | 5.18% | 0.93 | 0.97 | 100% | $94,875 | 09-30-2025 | $1.1M | $212,835 | $845,472 | $803,867 |
| June 2026 | $22.0M | Matured balloon, non-performing | 5.18% | 0.91 | 0.95 | 100% | $98,038 | 12-31-2025 | $1.4M | $333,421 | $1.1M | $1.0M |
| July 2026 | $22.0M | Matured balloon, non-performing | 5.18% | 0.91 | 0.95 | 100% | $94,875 | 12-31-2025 | $1.4M | $333,421 | $1.1M | $1.0M |
| August 2026 | $22.0M | Matured balloon, non-performing | 5.18% | 0.76 | 0.81 | 100% | $98,038 | 03-31-2026 | $309,930 | $79,210 | $230,720 | $216,852 |
| September 2026 | $22.0M | Matured balloon, non-performing | 5.18% | 0.59 | 0.64 | 100% | $98,038 | 06-30-2026 | $526,986 | $157,647 | $369,339 | $341,602 |
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 |
|---|---|
| 2021-03-22 | Transferred to the special servicer |
| April 2021 | First reported 30 or more days delinquent |
| 2023-06-02 | Returned to the master servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.