← Wells Fargo Commercial Mortgage Trust 2019-C50 · Loan annex · CMBS market
- Deal
- Wells Fargo Commercial Mortgage Trust 2019-C50
- Current balance
- not yet reported
- Share of deal
- not yet reported
- Status
- not yet reported
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2024-04-04
Property and terms
| Property | 24 COMMERCE STREET |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | 1900 |
| Year last renovated | 2015 |
| Original balance | $14.5M |
| Current balance | not yet reported |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.44% |
| Current interest rate | 0.00% |
| Origination date | 04-04-2019 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2024-04-04 |
| Prepayment lockout end | 12-05-2023 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance LLC |
| Current status | not yet reported |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $25.0M | 01-03-2019 | MAI |
| Most recent reported | $7.0M | 2025-06-27 | MAI |
Change from securitization to the most recent reported valuation: -72.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| ACBB - BITS, LLC | 15,000 | 12-31-2023 |
| FDF HOLDINGS LLC | 13,288 | 10-31-2033 |
| MCCARTER AND ENGLISH LLP | 9,456 | 02-28-2023 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2019 | $14.5M | Current | 5.44% | 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 | $14.5M | Current | 5.44% | 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 | $14.5M | Current | 5.44% | 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 | $14.5M | Current | 5.44% | 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 | $14.5M | Matured balloon, non-performing | 5.44% | not yet reported | not yet reported | not yet reported | $67,862 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2019 | $14.5M | 30-59 days delinquent | 5.44% | not yet reported | not yet reported | not yet reported | $133,535 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2019 | $14.5M | Current | 5.44% | 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 | $14.5M | Current | 5.44% | 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 | $14.5M | Current | 5.44% | 2.07 | 2.38 | 84% | $0 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| February 2020 | $14.5M | Matured balloon, non-performing | 5.44% | 2.07 | 2.38 | 84% | $67,183 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| March 2020 | $14.5M | Matured balloon, non-performing | 5.44% | 2.07 | 2.38 | 84% | $62,848 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| April 2020 | $14.5M | 30-59 days delinquent | 5.44% | 2.07 | 2.38 | 84% | $130,031 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| May 2020 | $14.5M | 60-89 days delinquent | 5.44% | 2.07 | 2.38 | 84% | $195,047 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| June 2020 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $262,230 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| July 2020 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $327,245 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| August 2020 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $378,174 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| September 2020 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $445,357 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| October 2020 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $510,372 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| November 2020 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $577,555 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| December 2020 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $642,571 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| January 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $709,753 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| February 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $777,615 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| March 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $838,910 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| April 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $906,772 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| May 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $972,445 | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| June 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.0M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| July 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.1M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| August 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.2M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| September 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.2M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| October 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.3M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| November 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.4M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| December 2021 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.4M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| January 2022 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.5M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| February 2022 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.6M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| March 2022 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.6M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| April 2022 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.7M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| May 2022 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.7M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| June 2022 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.8M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| July 2022 | $14.5M | 90+ days delinquent | 5.44% | 2.07 | 2.38 | 84% | $1.8M | 09-30-2019 | $2.3M | $887,656 | $1.4M | $1.2M |
| August 2022 | $14.5M | 90+ days delinquent | 5.44% | 0.55 | 0.86 | 88% | $1.9M | 03-31-2022 | $652,772 | $481,409 | $171,363 | $109,052 |
| September 2022 | $14.5M | 90+ days delinquent | 5.44% | 0.55 | 0.86 | 88% | $2.0M | 03-31-2022 | $652,772 | $481,409 | $171,363 | $109,052 |
| October 2022 | $14.5M | 90+ days delinquent | 5.44% | 0.55 | 0.86 | 88% | $1.4M | 03-31-2022 | $652,772 | $481,409 | $171,363 | $109,052 |
| November 2022 | $14.5M | 90+ days delinquent | 5.44% | 0.55 | 0.86 | 88% | $1.5M | 03-31-2022 | $652,772 | $481,409 | $171,363 | $109,052 |
| December 2022 | $14.5M | 90+ days delinquent | 5.44% | 0.55 | 0.86 | 88% | $1.5M | 03-31-2022 | $652,772 | $481,409 | $171,363 | $109,052 |
| January 2023 | $14.5M | 90+ days delinquent | 5.44% | 0.55 | 0.86 | 88% | $1.6M | 03-31-2022 | $652,772 | $481,409 | $171,363 | $109,052 |
| February 2023 | $14.5M | 90+ days delinquent | 5.44% | 0.55 | 0.86 | 88% | $1.7M | 03-31-2022 | $652,772 | $481,409 | $171,363 | $109,052 |
| March 2023 | $14.5M | 90+ days delinquent | 5.44% | 0.55 | 0.86 | 88% | $1.7M | 03-31-2022 | $652,772 | $481,409 | $171,363 | $109,052 |
| April 2023 | $14.5M | 90+ days delinquent | 5.44% | 0.55 | 0.86 | 88% | $1.7M | 03-31-2022 | $652,772 | $481,409 | $171,363 | $109,052 |
| May 2023 | $14.5M | 90+ days delinquent | 5.44% | 0.87 | 1.18 | 88% | $1.8M | 12-31-2022 | $2.6M | $1.6M | $947,562 | $698,318 |
| June 2023 | $14.5M | 90+ days delinquent | 5.44% | 0.87 | 1.18 | 88% | $1.9M | 12-31-2022 | $2.6M | $1.6M | $947,562 | $698,318 |
| July 2023 | $14.5M | 90+ days delinquent | 5.44% | 0.87 | 1.18 | 88% | $1.9M | 12-31-2022 | $2.6M | $1.6M | $947,562 | $698,318 |
| August 2023 | $14.5M | 90+ days delinquent | 5.44% | 1.18 | 1.49 | 82% | $1.9M | 03-31-2023 | $648,944 | $350,459 | $298,485 | $236,174 |
| September 2023 | $14.5M | 90+ days delinquent | 5.44% | 1.18 | 1.49 | 82% | $2.0M | 03-31-2023 | $648,944 | $350,459 | $298,485 | $236,174 |
| October 2023 | $14.5M | 90+ days delinquent | 5.44% | 1.18 | 1.49 | 82% | $2.0M | 03-31-2023 | $648,944 | $350,459 | $298,485 | $236,174 |
| November 2023 | $14.5M | 90+ days delinquent | 5.44% | 1.11 | 1.42 | 72% | $2.0M | 06-30-2023 | $1.2M | $630,955 | $567,688 | $443,606 |
| December 2023 | $14.5M | 90+ days delinquent | 5.44% | 1.11 | 1.42 | 72% | $2.1M | 06-30-2023 | $1.2M | $630,955 | $567,688 | $443,606 |
| January 2024 | $14.5M | 90+ days delinquent | 5.44% | 1.11 | 1.42 | 72% | $2.1M | 06-30-2023 | $1.2M | $630,955 | $567,688 | $443,606 |
| February 2024 | $14.5M | 90+ days delinquent | 5.44% | 1.11 | 1.42 | 72% | $2.2M | 06-30-2023 | $1.2M | $630,955 | $567,688 | $443,606 |
| March 2024 | $14.5M | 90+ days delinquent | 5.44% | 1.11 | 1.42 | 72% | $2.2M | 06-30-2023 | $1.2M | $630,955 | $567,688 | $443,606 |
| April 2024 | $14.5M | Real estate owned (REO) | 5.44% | 1.11 | 1.42 | 72% | $2.2M | 06-30-2023 | $1.2M | $630,955 | $567,688 | $443,606 |
| May 2024 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.32 | 69% | $2.3M | 12-31-2023 | $2.3M | $2.0M | $252,871 | $3,627 |
| June 2024 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.32 | 69% | $2.3M | 12-31-2023 | $2.3M | $2.0M | $252,871 | $3,627 |
| July 2024 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.32 | 69% | $2.3M | 12-31-2023 | $2.3M | $2.0M | $252,871 | $3,627 |
| August 2024 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.00 | 36% | $2.3M | 03-31-2024 | $513,228 | $390,646 | $122,582 | $122,582 |
| September 2024 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.00 | 36% | $2.4M | 03-31-2024 | $513,228 | $390,646 | $122,582 | $122,582 |
| October 2024 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.00 | 36% | $2.4M | 03-31-2024 | $513,228 | $390,646 | $122,582 | $122,582 |
| November 2024 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.00 | 36% | $1.2M | 03-31-2024 | $513,228 | $390,646 | $122,582 | $122,582 |
| December 2024 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.00 | 36% | $1.2M | 03-31-2024 | $513,228 | $390,646 | $122,582 | $122,582 |
| January 2025 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.00 | 53% | $1.2M | 06-30-2024 | $1.0M | $832,509 | $173,959 | $168,532 |
| February 2025 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.00 | 50% | $1.2M | 09-30-2024 | $1.5M | $1.3M | $205,546 | $200,119 |
| March 2025 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.00 | 50% | $1.2M | 09-30-2024 | $1.5M | $1.3M | $205,546 | $200,119 |
| April 2025 | $14.5M | Real estate owned (REO) | 5.44% | 0.00 | 0.00 | 50% | $1.2M | 09-30-2024 | $1.5M | $1.3M | $205,546 | $200,119 |
| May 2025 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 52% | $1.2M | 12-31-2024 | $2.1M | $1.7M | $354,860 | $349,433 |
| June 2025 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 52% | $1.2M | 12-31-2024 | $2.1M | $1.7M | $354,860 | $349,433 |
| July 2025 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 52% | $1.2M | 12-31-2024 | $2.1M | $1.7M | $354,860 | $349,433 |
| August 2025 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 52% | $1.2M | 12-31-2024 | $2.1M | $1.7M | $354,860 | $349,433 |
| September 2025 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 52% | $1.1M | 12-31-2024 | $2.1M | $1.7M | $354,860 | $349,433 |
| October 2025 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 52% | $1.1M | 12-31-2024 | $2.1M | $1.7M | $354,860 | $349,433 |
| November 2025 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 42% | $1.1M | 06-30-2025 | $863,467 | $814,523 | $48,944 | $-34,262 |
| December 2025 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 42% | $1.1M | 06-30-2025 | $863,467 | $814,523 | $48,944 | $-34,262 |
| January 2026 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 42% | $1.1M | 06-30-2025 | $863,467 | $814,523 | $48,944 | $-34,262 |
| February 2026 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 42% | $1.1M | 06-30-2025 | $863,467 | $814,523 | $48,944 | $-34,262 |
| March 2026 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 42% | $1.1M | 06-30-2025 | $863,467 | $814,523 | $48,944 | $-34,262 |
| April 2026 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 42% | $1.1M | 06-30-2025 | $863,467 | $814,523 | $48,944 | $-34,262 |
| May 2026 | $14.5M | Real estate owned (REO) | 5.44% | not yet reported | 0.00 | 42% | $1.1M | 06-30-2025 | $863,467 | $814,523 | $48,944 | $-34,262 |
| June 2026 | $0 | Current | 5.44% | not yet reported | 0.00 | 41% | $0 | 12-31-2025 | $1.6M | $1.5M | $107,729 | $24,523 |
| July 2026 | not yet reported | not yet reported | 0.00% | 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 2026 | not yet reported | not yet reported | 0.00% | 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 2026 | not yet reported | not yet reported | 0.00% | 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 |
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 |
|---|---|
| October 2019 | First reported 30 or more days delinquent |
| 2019-10-16 | Transferred to the special servicer |
| 2019-10-16 | Returned to the master servicer |
| 2019-10-16 | Returned to the master servicer |
| 2020-05-07 | Transferred to the special servicer |
| 2026-05-21 | Liquidated; realized loss $14.5M |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.