Office · Marietta, Georgia
1600 Terrell Mill Road
1600 Terrell Mill Road is financed with a $24.0M CMBS loan at 5.33% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $23,981,775
- Original balance (same notes)
- $26,000,000
- Interest rate
- 5.33% fixed
- Originated
- November 16, 2018
- Maturity
- December 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Basis Real Estate Capital II, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred May 8, 2026
- Workout strategy
- REO
- Defeasance
- None reported
The property
- Address
- 1600 Terrell Mill Road Southeast, Marietta, GA 30067
- Metro
- Atlanta-Sandy Springs-Roswell, GA
- Rentable area
- 251,710 sq ft
- Built
- 1980, renovated 2008
- Largest tenants
- QUINTILES INC; First Data Corporation
- Value at securitization
- $40.0M (Oct 2018)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 1.49x | 0.60x |
| Occupancy | 100% | 59% |
| Net operating income (annualized from 9 months) | $2.6M | $1.0M |
| Debt yield | 4.4% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2018-C48 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 100% when the loan was securitized to 59%.
- Net operating income is 60% below the underwritten figure ($1.0M a year against $2.6M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.49x at securitization to 0.60x on the latest statements.
- At 0.60x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $21.4M (June 12, 2026), against $40.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $24.0M | 90+ days delinquent | Yes | 0.60x | 59% |
| August 2026 | $24.0M | 90+ days delinquent | Yes | 0.60x | 59% |
| July 2026 | $24.0M | 90+ days delinquent | Yes | 0.60x | 59% |
| June 2026 | $24.0M | 60-89 days delinquent | Yes | 0.60x | 59% |
| May 2026 | $24.0M | 30-59 days delinquent | Yes | 0.60x | 59% |
| April 2026 | $24.1M | 60-89 days delinquent | No | 0.60x | 59% |
| March 2026 | $24.1M | 30-59 days delinquent | No | 0.60x | 59% |
| February 2026 | $24.1M | 30-59 days delinquent | No | 0.60x | 59% |
| January 2026 | $24.1M | 30-59 days delinquent | No | 1.36x | 59% |
| December 2025 | $24.2M | 60-89 days delinquent | No | 1.36x | 59% |
| November 2025 | $24.2M | 30-59 days delinquent | No | 1.36x | 59% |
| October 2025 | $24.2M | 30-59 days delinquent | No | 1.36x | 59% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer May 8, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C48 | 10 | $23,981,775 | Sep 2026 | SEC filing, September 29, 2026 |
Other Atlanta-Sandy Springs-Roswell loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cumberland Mall | Atlanta, GA | Retail | $180.0M | 7.87% | May 2028 | 1.68x | 98% | Current |
| 1025 Lenox Park | Atlanta, GA | Office | $75.0M | 7.913% | Oct 2028 | n/a | n/a | Current |
| The Prado | Sandy Springs, GA | Retail | $42.0M | 8.80% | Dec 2028 | 1.12x | 90% | Current |
| Hilton Garden Inn Atlanta Downtown | Atlanta, GA | Hotel | $39.5M | 8.39% | Nov 2028 | 2.07x | 77% | Current |
| Perimeter Square | Atlanta, GA | Retail | $35.0M | 5.545% | Nov 2028 | 1.67x | 100% | Current |
| 1000 Windward Concourse | Alpharetta, GA | Office | $29.7M | 4.995% | Nov 2028 | 0.58x | 43% | Current |
| Embassy Suites Atlanta Airport | Atlanta, GA | Hotel | $29.2M | 4.97% | Sep 2028 | 1.59x | 70% | Current |
| Embassy Suites Kennesaw | Kennesaw, GA | Hotel | $27.8M | 5.33% | Jul 2028 | 1.89x | 83% | Current |
All loans maturing in 2028 · All Atlanta-Sandy Springs-Roswell loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.