Office · King Of Prussia, Pennsylvania
2301 Renaissance Boulevard
2301 Renaissance Boulevard is financed with a $29.0M CMBS loan at 4.66% that reaches maturity on January 6, 2028, in 14 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $29,000,000
- Original balance (same notes)
- $29,000,000
- Interest rate
- 4.66% fixed
- Originated
- December 15, 2017
- Maturity
- January 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 5, 2020
- Prepayment premium ends
- October 5, 2027 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2301 Renaissance Boulevard, King Of Prussia, PA 19406
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 189,502 sq ft
- Built
- 2002, renovated 2017
- Largest tenants
- VERTEX, INC
- Value at securitization
- $48.4M (Nov 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.19x | 3.30x |
| Occupancy | 89% | 100% |
| Net operating income (annualized from 6 months) | $3.0M | $9.1M |
| Debt yield | 31.5% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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
- Occupancy has risen from 89% when the loan was securitized to 100%.
- Net operating income is 204% above the underwritten figure ($9.1M a year against $3.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.19x at securitization to 3.30x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $29.0M | Current | No | 3.30x | 100% |
| August 2026 | $29.0M | Current | No | 3.30x | 100% |
| July 2026 | $29.0M | Current | No | 3.03x | 100% |
| June 2026 | $29.0M | Current | No | 3.03x | 100% |
| May 2026 | $29.0M | Current | No | n/a | n/a |
| April 2026 | $29.0M | Current | No | 3.25x | 100% |
| March 2026 | $29.0M | Current | No | 3.25x | 100% |
| February 2026 | $29.0M | Current | No | 3.25x | 100% |
| January 2026 | $29.0M | Current | No | 3.28x | 100% |
| December 2025 | $29.0M | Current | No | 3.28x | 100% |
| November 2025 | $29.0M | Current | No | 3.26x | 100% |
| October 2025 | $29.0M | Current | No | 3.26x | 100% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 | 13 | $29,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Christiana Mall | Newark, DE | Retail | $265.7M | 4.277% | Aug 2028 | 1.75x | 97% | Current |
| One & Two Commerce Square | Philadelphia, PA | Office | $207.5M | 7.787% | Jun 2028 | 1.82x | 90% | Current |
| Philadelphia Marriott Downtown | Philadelphia, PA | Hotel | $205.0M | 8.705% | Nov 2028 | 1.24x | 65% | Current |
| Piazza Alta | Philadelphia, PA | Multifamily | $185.9M | 4.676% | Oct 2028 | 0.83x | 88% | Current |
| Rittenhouse Hill | Philadelphia, PA | Multifamily | $113.0M | 4.713% | May 2028 | 1.54x | 92% | Current |
| Three Bala Plaza | Bala Cynwyd, PA | Office | $88.0M | 8.71% | Nov 2028 | n/a | n/a | Current |
| 425 Old Morehall Road | Malvern, PA | Office | $59.8M | 4.86% | Nov 2028 | n/a | n/a | Current |
| Vanguard Portfolio | Malvern, PA | Office | $57.0M | 4.86% | Nov 2028 | 2.10x | 100% | Current |
All loans maturing in 2028 · All Philadelphia-Camden-Wilmington loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.