Multifamily · Kent, Ohio
345 Flats
345 Flats is financed with a $12.3M CMBS loan at 5.191% 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 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $12,285,897
- Original balance (same notes)
- $12,750,000
- Interest rate
- 5.191% fixed
- Originated
- November 29, 2018
- Maturity
- December 6, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- August 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- UBS AG
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- Transferred October 17, 2025
- Workout strategy
- Foreclosure
- Defeasance
- Partly defeased
The property
- Address
- 345 South Depeyster Street, Kent, OH 44240
- Metro
- Akron, OH
- Units, rooms or beds
- 288
- Built
- 2016
- Value at securitization
- $27.6M (Nov 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.37x | n/a |
| Occupancy | 91% | n/a |
| Net operating income | $1.6M | n/a |
Watch flags
Computed from the UBS Commercial Mortgage Trust 2018-C15 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since November 2025.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.3M | 30-59 days delinquent | Yes | n/a | n/a |
| August 2026 | $12.3M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| July 2026 | $12.3M | 30-59 days delinquent | Yes | n/a | n/a |
| June 2026 | $12.3M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| May 2026 | $12.3M | Current | Yes | n/a | n/a |
| April 2026 | $12.3M | Current | Yes | 1.84x | 95% |
| March 2026 | $12.3M | Current | Yes | 2.36x | 95% |
| February 2026 | $12.4M | Current | Yes | 2.36x | 95% |
| January 2026 | $12.4M | Late payment but less than 30 days delinquent | Yes | 2.36x | 95% |
| December 2025 | $12.4M | Current | Yes | n/a | n/a |
| November 2025 | $12.4M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| October 2025 | $12.4M | Current | No | n/a | n/a |
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 October 17, 2025, 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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C15 | 19 | $12,285,897 | Sep 2026 | SEC filing, September 28, 2026 |
Other Akron loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Signet Jewelers Expansion | Akron, OH | Office | $17.3M | 4.69% | Jan 2028 | n/a | n/a | Current |
| Continental ContiTech | Fairlawn, OH | Office | $13.9M | 4.95% | Apr 2028 | 1.81x | 100% | Late, less than 30 days |
| Marketplace at Four Corners Phase II | Aurora, OH | Retail | $9.8M | 5.418% | Mar 2028 | 0.95x | 84% | Current |
| All Seasons Mobile Home Park | Deerfield, OH | Manufactured housing | $5.4M | 5.84% | Feb 2028 | 1.61x | 98% | 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.