Office · Miami Beach, Florida
1688 Meridian Avenue
1688 Meridian Avenue is financed with a $28.8M CMBS loan at 6.187% that reaches maturity on February 6, 2036, in 9 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $28,750,000
- Original balance (same notes)
- $28,750,000
- Interest rate
- 6.187% fixed
- Originated
- February 10, 2026
- Maturity
- February 6, 2036
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2035
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1688 Meridian Avenue, Miami Beach, FL 33139
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 87,056 sq ft
- Built
- 1961, renovated 2024
- Largest tenants
- RGN-MIAMI BEACH II, LLC; RYAN SPECIALTY, LLC; NRT NEW YORK LLC
- Value at securitization
- $55.1M (Oct 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.62x | n/a |
| Occupancy | 84% | n/a |
| Net operating income | $2.9M | n/a |
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2026-C66 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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
- The filing gives Jun 2032 as the lease end date for the largest tenant (RGN-MIAMI BEACH II, LLC), before the loan matures. Lenders look hard at that rollover.
The last 6 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $28.8M | Current | No | n/a | n/a |
| August 2026 | $28.8M | Current | No | n/a | n/a |
| July 2026 | $28.8M | Current | No | n/a | n/a |
| June 2026 | $28.8M | Current | No | n/a | n/a |
| May 2026 | $28.8M | Current | No | n/a | n/a |
| April 2026 | $28.8M | Current | No | 1.23x | 84% |
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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2026-C66 | 7 | $28,750,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2036
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Falls | Miami, FL | Retail | $80.0M | 6.981% | Jun 2036 | n/a | n/a | Current |
| Rc Shoppes & Apartments | FL | Mixed use | $17.0M | 6.80% | Jun 2036 | n/a | n/a | Current |
| Miami 8-Pack | Miami, FL | Multifamily | $15.0M | 6.62% | Jan 2036 | n/a | n/a | Current |
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.