Retail loans in CMBS
Public CMBS trusts hold 2,785 retail loans with $60.8B outstanding. 2.5% of that balance is with a special servicer and 1.5% is delinquent. The median loan reports 1.90x debt service coverage today against 1.80x when it was underwritten, and 99% occupancy against 99%.
When retail loans mature
| Maturity | Loans | Balance | Special servicing | Delinquent |
|---|---|---|---|---|
| Past due | 6 | $112.8M | $112.8M | $65.6M |
| 2026 | 75 | $1.6B | $253.8M | $277.2M |
| 2027 | 458 | $7.3B | $163.8M | $72.0M |
| 2028 | 494 | $11.4B | $715.2M | $310.6M |
| 2029 | 630 | $13.2B | $222.9M | $124.4M |
| 2030 | 302 | $7.2B | $26.8M | $17.0M |
| 2031 | 338 | $6.5B | $20.5M | $20.5M |
| Later | 482 | $13.5B | $22.0M | $17.8M |
Where they are
- New York-Newark-Jersey City $8B
- Los Angeles-Long Beach-Anaheim $3B
- Washington-Arlington-Alexandria $3B
- Miami-Fort Lauderdale-West Palm Beach $2B
- Las Vegas-Henderson-North Las Vegas $2B
- Houston-Pasadena-The Woodlands $2B
- Dallas-Fort Worth-Arlington $2B
- Chicago-Naperville-Elgin $2B
- Philadelphia-Camden-Wilmington $1B
- Atlanta-Sandy Springs-Roswell $1B
- Phoenix-Mesa-Chandler $1B
- Detroit-Warren-Dearborn $1B
- Riverside-San Bernardino-Ontario $1B
- San Diego-Chula Vista-Carlsbad $920M
- Seattle-Tacoma-Bellevue $912M
Delinquent or with the special servicer
70 loans, largest first.
| Property | Location | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|
| Saint Louis Galleria | Saint Louis, MO | $229.0M | 4.997% | Nov 2028 | n/a | n/a | With the special servicer |
| Fresno Fashion Fair Mall | Fresno, CA | $225.0M | 3.587% | Nov 2026 | 2.16x | 96% | With the special servicer and 30-59 days delinquent |
| 685 Fifth Avenue Retail | New York, NY | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| 599 Broadway | New York, NY | $75.0M | 4.118% | Feb 2028 | 2.31x | 100% | With the special servicer and 90+ days delinquent |
| Ellsworth Place | Silver Spring, MD | $64.5M | 5.01% | Aug 2028 | 1.31x | 91% | With the special servicer and 90+ days delinquent |
| The Elston Retail Collection | Chicago, IL | $57.1M | 3.65% | Nov 2029 | 1.40x | 100% | With the special servicer |
| Greenleaf at Howell | Howell, NJ | $44.5M | 5.10% | May 2029 | n/a | n/a | With the special servicer |
| Queens Place | Elmhurst, NY | $42.0M | 4.519% | May 2028 | -0.37x | 53% | With the special servicer and 90+ days delinquent |
| Pearlridge Uptown II | Aiea, HI | $37.0M | 4.071% | May 2025 | 1.87x | 92% | With the special servicer |
| The Peters Project | Santa Fe, NM | $32.8M | 5.734% | Nov 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Castleton Commons and Square | Indianapolis, IN | $30.8M | 5.605% | Nov 2028 | 1.04x | 76% | With the special servicer and 90+ days delinquent |
| McCullough Commons | Charlotte, NC | $26.9M | 3.63% | Sep 2026 | 2.40x | 95% | Past maturity and not performing |
| Dick's Sporting Goods Portfolio | $25.3M | 4.448% | Nov 2026 | 1.24x | 100% | With the special servicer and 30-59 days delinquent | |
| 141 Fifth Avenue | New York, NY | $25.0M | 4.59% | May 2027 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Motorola Solutions - 1299-1303 East Algonquin Road | Schaumburg, IL | $25.0M | 4.699% | Jan 2025 | n/a | n/a | Past maturity and not performing |
| 199 Lafayette | New York, NY | $21.0M | 5.48% | Feb 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Walgreens Pool 7 | $20.0M | 4.68% | Jan 2027 | 1.29x | n/a | With the special servicer | |
| North & Sheffield | Chicago, IL | $19.5M | 3.60% | Oct 2029 | 1.35x | 100% | With the special servicer and 30-59 days delinquent |
| Franklin Marketplace | Philadelphia, PA | $16.7M | 5.10% | Sep 2021 | -0.03x | n/a | Past maturity and not performing |
| Walgreens Pool 5 | $16.6M | 4.68% | Jan 2027 | 1.28x | n/a | With the special servicer | |
| Tesla Long Beach | Long Beach, CA | $16.5M | 6.82% | Feb 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Kona Crossroads | Kailua-Kona, HI | $15.6M | 4.665% | Dec 2025 | n/a | n/a | Past maturity and not performing |
| Hollywood Station | Portland, OR | $14.7M | 4.46% | May 2029 | n/a | n/a | Delinquent |
| Grandview Shopping Center, San Antonio | San Antonio, TX | $14.5M | 4.89% | Sep 2027 | 1.22x | 90% | With the special servicer |
| Walgreens - State Road 190 & Campo Rico | Carolina, PR | $14.3M | 5.15% | May 2027 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Sherman Oaks First Plaza | Sherman Oaks, CA | $13.9M | 7.869% | Feb 2029 | 1.52x | 83% | With the special servicer |
| 1-3 West 125th Street | New York, NY | $13.8M | 6.999% | Nov 2029 | 1.44x | 100% | Delinquent |
| River City Plaza | Muskogee, OK | $12.6M | 4.88% | Jun 2027 | 1.05x | 89% | With the special servicer |
| County Line Plaza | Jackson, MS | $12.4M | 4.997% | Aug 2028 | 1.36x | 74% | With the special servicer |
| 1458 Ocean Drive & 1437 Collins Avenue | Miami Beach, FL | $11.7M | 5.65% | Jul 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 1114-1126 Lake Street | Oak Park, IL | $11.5M | 4.82% | Jan 2028 | 0.82x | n/a | With the special servicer and 90+ days delinquent |
| Knights Road Shopping Center | Philadelphia, PA | $11.0M | 4.962% | Apr 2027 | n/a | n/a | With the special servicer |
| 140 Charles Street | New York, NY | $10.3M | 7.995% | Oct 2033 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| 249 Legion Avenue | New Haven, CT | $10.2M | 4.78% | Jan 2029 | -0.14x | 41% | With the special servicer and 90+ days delinquent |
| IGF Portfolio | $10.1M | 4.714% | Jul 2027 | 1.55x | 71% | With the special servicer | |
| Kohl's Highland Heights | Highland Heights, OH | $10.1M | 4.90% | Oct 2024 | 1.73x | 100% | With the special servicer |
| Rohnert Park Center | Rohnert Park, CA | $9.6M | 5.12% | Jun 2028 | 1.72x | 46% | With the special servicer and 90+ days delinquent |
| Walgreens, Paterson | Paterson, NJ | $9.4M | 4.554% | Sep 2027 | n/a | n/a | With the special servicer |
| 4901 West Irving Park | Chicago, IL | $9.4M | 4.91% | Aug 2027 | 0.24x | 41% | With the special servicer and 90+ days delinquent |
| 284 West Shaw and 1701 Santa Clara | CA | $9.4M | 4.11% | Feb 2030 | 0.37x | 95% | With the special servicer and 90+ days delinquent |
| Morris Avenue Property | Brimingham, AL | $8.9M | 4.425% | Mar 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Rockaway Commons | Rockaway, NJ | $8.9M | 4.75% | Dec 2028 | 2.31x | 100% | With the special servicer and 90+ days delinquent |
| 50 Bond Street | New York, NY | $8.5M | 4.30% | Apr 2027 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Peachtree Mall | Columbus, GA | $8.3M | 3.944% | Dec 2025 | 1.37x | 86% | Past maturity and not performing |
| Lake Hills Plaza | Eustis, FL | $8.2M | 5.40% | Jan 2029 | 0.21x | 77% | With the special servicer and 90+ days delinquent |
| Barrington Town Center | Aurora, OH | $8.0M | 4.91% | Apr 2027 | 1.32x | 87% | With the special servicer |
| Texas Parkway Shopping Center | Missouri City, TX | $7.6M | 7.68% | Mar 2034 | 0.62x | 82% | With the special servicer and 90+ days delinquent |
| Colony Retail | The Colony, TX | $7.6M | 5.20% | Mar 2029 | 1.72x | 100% | With the special servicer |
| Maple Ridge Plaza | Amherst, NY | $7.5M | 4.697% | Sep 2027 | n/a | n/a | Delinquent |
| Torrey Corner | San Diego, CA | $7.2M | 5.36% | Nov 2028 | 1.71x | 100% | With the special servicer and 60-89 days delinquent |
| North Attleboro Shopping Center | North Attleboro, MA | $6.9M | 5.28% | May 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Jo Borgen Plaza | North Bend, WA | $6.6M | 4.066% | Nov 2031 | 2.04x | 100% | With the special servicer and 90+ days delinquent |
| Willowdaile Shopping Center | Durham, NC | $6.3M | 5.53% | Oct 2028 | 0.94x | 78% | With the special servicer and 90+ days delinquent |
| Mcgalliard Mall Shoppes | Muncie, IN | $6.2M | 4.78% | Apr 2029 | 0.56x | 55% | With the special servicer and 90+ days delinquent |
| WAG - Dripping Springs & New Orleans | $5.4M | 3.629% | Oct 2030 | 1.98x | 100% | With the special servicer | |
| CVS-Walgreens Portfolio | $5.0M | 3.685% | Feb 2031 | 2.58x | 100% | With the special servicer and 60-89 days delinquent | |
| 328 Bowery | New York, NY | $5.0M | 5.05% | Feb 2029 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Rite Aid - Yucca Valley | Yucca Valley, CA | $4.4M | 3.94% | Nov 2030 | -0.25x | n/a | With the special servicer |
| Family Dollar Portfolio | PA | $4.4M | 4.617% | Sep 2027 | 0.05x | 37% | With the special servicer and 90+ days delinquent |
| The Shops At Bee Cave | Bee Cave, TX | $4.3M | 4.65% | Mar 2029 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Allerand Portfolio 1 | $4.3M | 4.37% | Dec 2030 | 1.88x | 100% | With the special servicer and 60-89 days delinquent | |
| Walgreens - Waterbury | Waterbury, CT | $4.2M | 4.38% | Mar 2032 | n/a | n/a | With the special servicer |
| Parkway Village West | Memphis, TN | $3.9M | 4.35% | Sep 2029 | 2.98x | 77% | With the special servicer |
| Walgreens Houma | Houma, LA | $3.5M | 5.25% | Feb 2026 | 1.83x | 100% | With the special servicer |
| Walgreens Williamson | Williamson, NY | $3.3M | 4.187% | Oct 2030 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Walgreens, Lawrenceville | Lawrenceville, GA | $3.1M | 4.78% | Jan 2028 | 1.25x | 100% | With the special servicer |
| Cvs Goshen | Goshen, IN | $3.0M | 5.18% | Apr 2028 | 1.54x | 100% | With the special servicer and 90+ days delinquent |
| Rite Aid - Newark Ny | Newark, NY | $3.0M | 4.50% | Sep 2029 | 1.59x | 100% | With the special servicer and 90+ days delinquent |
| 55 Northwest 25th Street | Miami, FL | $2.9M | 5.27% | Nov 2027 | 1.41x | 100% | Delinquent |
| Rite Aid Johnstown | Johnstown, PA | $2.6M | 4.77% | Jan 2028 | -0.57x | n/a | With the special servicer and 90+ days delinquent |
Download every retail loan as CSV (current month, CC BY 4.0; terms and history)
Retail loan coming due?
Send it to Janover Capital to talk through a refinance or recapitalization.