Industrial · West Bridgewater, Massachusetts
400 Manley
400 Manley is financed with a $8.3M CMBS loan at 4.99% that reaches maturity on March 1, 2027, in 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,333,096
- Original balance (same notes)
- $10,000,000
- Interest rate
- 4.99% fixed
- Originated
- February 28, 2017
- Maturity
- March 1, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 30, 2026
- Master servicer
- Trimont LLC
- Originator
- Macquarie US Trading LLC d/b/a Principal Commercial Capital
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 400 Manley Street, West Bridgewater, MA 02379
- Metro
- Boston-Cambridge-Newton, MA-NH
- Rentable area
- 214,400 sq ft
- Built
- 1986
- Largest tenants
- Priority Wire and Cable Inc.; 400 Manley Solar LLC
- Value at securitization
- $13.5M (Jan 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.40x | -0.26x |
| Occupancy | 100% | 41% |
| Net operating income (annualized from 6 months) | $901K | $-171K |
| Debt yield | -2.1% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P7 filing for the reporting period ending September 10, 2026, filed with the SEC September 30, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
On the cmbs.news watch list in every report since July 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 100% when the loan was securitized to 41%.
- Net operating income is 119% below the underwritten figure ($-171K a year against $901K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.40x at securitization to -0.26x on the latest statements.
- At -0.26x, the property's reported NOI does not cover its debt service.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.3M | Current | No | -0.26x | 41% |
| August 2026 | $8.4M | Late payment but less than 30 days delinquent | No | -0.30x | 45% |
| July 2026 | $8.4M | Current | No | -0.30x | 45% |
| June 2026 | $8.4M | Current | No | 1.10x | 45% |
| May 2026 | $8.4M | Current | No | 1.10x | 45% |
| April 2026 | $8.4M | Current | No | 1.40x | 45% |
| March 2026 | $8.4M | Current | No | 1.40x | 45% |
| February 2026 | $8.5M | Current | No | 1.40x | 45% |
| January 2026 | $8.5M | Current | No | 1.40x | 45% |
| November 2025 | $8.5M | Current | No | 1.37x | 100% |
| October 2025 | $8.5M | Current | No | 1.37x | 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 2017-P7 | 36 | $8,333,096 | Sep 2026 | SEC filing, September 30, 2026 |
Other Boston-Cambridge-Newton loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Park Square | Boston, MA | Office | $160.0M | 4.146% | Nov 2027 | 0.57x | 40% | With the special servicer and 90+ days delinquent |
| The Davenport | Cambridge, MA | Office | $105.0M | 4.22% | Feb 2027 | 3.08x | 99% | Current |
| South Station Head House | Boston, MA | Mixed use | $75.0M | 4.495% | Sep 2027 | 2.23x | 89% | Current |
| U-Haul of Medford | Somerville, MA | Self storage | $51.2M | 3.703% | Sep 2027 | n/a | n/a | Current |
| Hampton Inn - Boston Braintree | Braintree, MA | Hotel | $12.6M | 4.75% | Jun 2027 | 1.13x | 82% | Current |
| Artist Building at 300 Summer Cooperative Corporation | Boston, MA | Other | $8.0M | 4.62% | Sep 2027 | n/a | n/a | Current |
| Best Buy - Braintree | Braintree, MA | Retail | $6.6M | 4.82% | Jan 2027 | 2.93x | 100% | Current |
| Walgreens Dorchester | Boston, MA | Retail | $3.0M | 5.11% | Jan 2027 | n/a | n/a | Current |
All loans maturing in 2027 · All Boston-Cambridge-Newton loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 10, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.