Office · Columbus, Ohio
Alliance Data Systems
Alliance Data Systems is financed with a $26.6M CMBS loan at 4.942% that reaches its anticipated repayment date on August 6, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $26,550,000
- Original balance (same notes)
- $26,550,000
- Interest rate
- 4.942% fixed
- Originated
- July 31, 2018
- Maturity
- August 6, 2028
- Anticipated repayment date
- August 6, 2028 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 5, 2020
- Prepayment premium ends
- June 5, 2028 (yield maintenance)
- Master servicer
- BPC
- Originator
- CCRE
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3095 Loyalty Circle, Columbus, OH 43219
- Metro
- Columbus, OH
- Rentable area
- 241,493 sq ft
- Built
- 2017
- Largest tenants
- Comenity Servicing, LLC
- Value at securitization
- $47.0M (Jul 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.19x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $2.9M | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2018-L1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $26.6M | Current | No | n/a | n/a |
| August 2026 | $26.6M | Current | No | n/a | n/a |
| July 2026 | $26.6M | Current | No | n/a | n/a |
| June 2026 | $26.6M | Current | No | n/a | n/a |
| May 2026 | $26.6M | Current | No | n/a | n/a |
| April 2026 | $26.6M | Current | No | 2.32x | 100% |
| March 2026 | $26.6M | Current | No | 2.32x | n/a |
| February 2026 | $26.6M | Current | No | 2.32x | n/a |
| January 2026 | $26.6M | Current | No | 2.32x | n/a |
| December 2025 | $26.6M | Current | No | 2.32x | n/a |
| November 2025 | $26.6M | Current | No | 2.32x | n/a |
| October 2025 | $26.6M | Current | No | 2.32x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2018-L1 | 14 | $26,550,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Columbus loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sun Center Plaza | Columbus, OH | Retail | $47.5M | 6.97% | Dec 2028 | 1.78x | 99% | Current |
| Carriage Place | Columbus, OH | Retail | $28.3M | 4.91% | Oct 2028 | 1.42x | 97% | Current |
| Fedex Distribution Center, Groveport | Groveport, OH | Industrial | $21.1M | 4.76% | Mar 2028 | 2.34x | 100% | Current |
| 445 Hutchinson | Columbus, OH | Office | $18.2M | 4.94% | Sep 2028 | 1.16x | 75% | Late, less than 30 days |
| Parkway Centre North | Grove City, OH | Retail | $15.8M | 4.701% | Jul 2028 | 2.03x | 100% | Current |
| North West Square | Columbus, OH | Retail | $14.0M | 4.93% | May 2028 | 2.07x | 98% | Current |
| One Mill Run | Hilliard, OH | Office | $13.6M | 5.269% | Mar 2028 | 0.88x | 56% | Current |
| Embassy Suites - Columbus OH | Columbus, OH | Hotel | $12.5M | 4.44% | Aug 2028 | 2.40x | 66% | 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.