Office · Beavercreek, Ohio
Apple Valley Office
Apple Valley Office is financed with a $5.1M CMBS loan at 4.987% that reaches maturity on June 1, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,058,009
- Original balance (same notes)
- $8,000,000
- Interest rate
- 4.987% fixed
- Originated
- May 9, 2018
- Maturity
- June 1, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 29, 2028
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred November 30, 2023, returned April 17, 2026
- Workout strategy
- Pending return to master servicer
- Modified
- Yes, most recently January 31, 2025
- Defeasance
- None reported
The property
- Address
- 1430 Oak Court, 4020 Executive Drive & 4021-4029 Executive Drive, Beavercreek, OH 45430
- Metro
- Dayton-Kettering-Beavercreek, OH
- Rentable area
- 130,440 sq ft
- Built
- 1985
- Largest tenants
- Two Six Labs LLC; CFD Research Corporation; Beavercreek City School District Board of Educatio
- Value at securitization
- $12.2M (Apr 2018)
Performance
| At securitization | Latest (Jun 2025) | |
|---|---|---|
| DSCR (NOI) | 2.23x | -0.50x |
| Occupancy | 97% | 51% |
| Net operating income (annualized from 6 months) | $1.1M | $-242K |
| Debt yield | -4.8% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BANK 2018-BNK14 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Modified
On the cmbs.news watch list in all 11 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 97% when the loan was securitized to 51%.
- Net operating income is 121% below the underwritten figure ($-242K a year against $1.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.23x at securitization to -0.50x on the latest statements.
- At -0.50x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $5.7M (September 10, 2025), against $12.2M at securitization.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.1M | Current | No | -0.50x | 51% |
| August 2026 | $5.1M | Current | No | -0.50x | 51% |
| July 2026 | $5.1M | Current | No | -0.50x | 51% |
| May 2026 | $5.1M | Current | No | -0.50x | 51% |
| April 2026 | $5.1M | Current | Yes | -0.50x | 51% |
| March 2026 | $5.1M | Late payment but less than 30 days delinquent | Yes | -0.50x | 51% |
| February 2026 | $5.1M | Current | Yes | -0.50x | 51% |
| January 2026 | $5.1M | Current | Yes | -0.50x | 51% |
| December 2025 | $5.1M | Current | Yes | -0.50x | 51% |
| November 2025 | $5.1M | Current | Yes | -0.50x | 51% |
| October 2025 | $7.2M | Current | Yes | 0.03x | 45% |
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 November 30, 2023, returned to the master servicer April 17, 2026.
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 |
|---|---|---|---|---|
| BANK 2018-BNK14 | 40 | $5,058,009 | Sep 2026 | SEC filing, October 1, 2026 |
Other Dayton-Kettering-Beavercreek loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Courtyard by Marriott Dayton Beavercreek | Beavercreek, OH | Hotel | $13.9M | 5.565% | Mar 2028 | n/a | n/a | Current |
| Fairfield Oakes | Fairborn, OH | Multifamily | $12.9M | 5.023% | Aug 2028 | 1.78x | 94% | Current |
| Mission Point Office | Beavercreek, OH | Office | $9.9M | 5.44% | Nov 2028 | 1.87x | 100% | Current |
| Pepsi Distribution Center | Fairborn, OH | Industrial | $9.6M | 3.43% | Jun 2028 | n/a | n/a | Current |
| Miamisburg Office Portfolio | Miamisburg, OH | Office | $5.2M | 4.66% | Feb 2028 | 0.93x | 53% | Current |
| Ashford Center-Oh | Beavercreek, OH | Office | $4.5M | 5.715% | Oct 2028 | 1.80x | 88% | Current |
| Best Storage-Tipp City | Tipp City, OH | Self storage | $1.6M | 5.23% | Dec 2028 | 2.72x | 100% | Current |
All loans maturing in 2028 · All Dayton-Kettering-Beavercreek loans
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.