WFCM 2019-C49 - Charts and Resources
Data discoverability for CMBS deal WFCM 2019-C49 updated as of 2019-02-13.
Deal Overview
Wells Fargo Commercial Mortgage Trust 2019-C49's issuance is a U.S. CMBS transaction issued from the WF shelf and backed by 66 commercial mortgage loans with an aggregate principal balance of 773.8 million at issuance, secured by the fee and leasehold interests in 77 properties across 28 U.S. states.| Rating Agencies | Moodys, Fitch, Morningstar | Controlling Class | KKR Real Estate Credit Opportunity Partners Aggregator I L.P. or an affiliate | Depositor | Wells Fargo Commercial Mortgage Securities, Inc. | Master Servicer | Trimont | Special Servicer | K-Star Asset Management | Operating Advisor | Pentalpha Surveillance | Certificate Administrator | Computershare Trust Company, N.A. | Trustee | Wilmington Trust, National Association |
Deal Charts
Fund Holdings
Explore a list of funds that include WFCM 2019-C49 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
Deal Documents
Links to the deal documents for WFCM 2019-C49.Recent Special Servicing Commentary
Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for WFCM 2019-C49, giving insights into the current situation and actions being taken.The Loan transferred to new special servicer effective 4/24/23; SS transfer date 8/7/20 due to payment default. Interest paid to 1/6/21. Collateral for the loan is the borrower's master leasehold interest in a 4,876 SF retail unit in Manhattan. This retail site is located within a larger, five-story residential co-op building known as Bleecker Court, which includes 223 residential and five commercial units. The single-tenant in place at closing vacated in 2020 just prior to the pandemic. Lender was the high bidder at foreclosure sale on 11/1/23. An unapproved tenant occupied the space at foreclosure, though a new lease with that tenant has been finalized and executed. REO sale expected to launch in late Q1 2025.
Loan transferred to Special Servicing effective 12/9/24 due to a non-monetary default. Collateral is a 86,615 sf retail Property located in Rockaway, NJ. Interest currently paid to 1/6/25. Loan file currently under review. Hello Letter has been notic ed. Legal counsel has been engaged on behalf of the Trust and Special Servicer is reviewing the Loan file. Borrower filed a lawsuit against Noteholder as of 1/9/25 seeking a declaratory judgment that it is not in default under the loan documents
The SS transfer date was 7/9/2020 and the Loan is paid through June 2022. The Loan is collateralized by a multi-tenant neighborhood center that contains 146,257 sq ft. The Property is anchored by Schnuck's Market and includes a former Gold's Gym space that vacated in 2020 after filing for bankruptcy. On 1/14/2021, a Receiver was appointed to manage and lease the Property. The Receiver signed a new lease with Crunch Fitness for the former Gold's Gym space, which will stabilize occupancy at the property.Receiver has authority to sell the asset via a receiver sale. The Property is under contract and closing is projected in 2Q2025.
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
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CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
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