Multifamily · Bridge City, Louisiana
Audubon Village
Audubon Village is financed with a $4.2M CMBS loan at 4.77% that reaches maturity on June 6, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,165,435
- Original balance (same notes)
- $5,000,000
- Interest rate
- 4.77% fixed
- Originated
- May 25, 2017
- Maturity
- June 6, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- July 5, 2019
- Prepayment premium ends
- March 5, 2027
- Master servicer
- Trimont LLC
- Originator
- BSP
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1433 Utah Beach Street, Bridge City, LA 70094
- Metro
- New Orleans-Metairie, LA
- Units, rooms or beds
- 136
- Built
- 1970, renovated 2017
- Value at securitization
- $9.4M (Mar 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.97x | 1.42x |
| Occupancy | 96% | 90% |
| Net operating income (annualized from 6 months) | $619K | $450K |
| Debt yield | 10.8% |
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 CSAIL 2017-C8 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
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 96% when the loan was securitized to 90%.
- Net operating income is 27% below the underwritten figure ($450K a year against $619K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.97x at securitization to 1.42x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.2M | Current | No | 1.42x | 90% |
| August 2026 | $4.2M | Current | No | 1.74x | 95% |
| July 2026 | $4.2M | Current | No | 1.74x | 95% |
| June 2026 | $4.2M | Current | No | 1.74x | 95% |
| May 2026 | $4.2M | Current | No | 1.78x | 96% |
| April 2026 | $4.2M | Current | No | 1.78x | 96% |
| March 2026 | $4.2M | Late payment but less than 30 days delinquent | No | 1.78x | 96% |
| February 2026 | $4.2M | Current | No | 1.78x | 96% |
| January 2026 | $4.2M | Current | No | 1.78x | 96% |
| December 2025 | $4.2M | Current | No | 1.89x | 97% |
| November 2025 | $4.3M | Current | No | 1.89x | 97% |
| October 2025 | $4.3M | Current | No | 1.89x | 97% |
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 |
|---|---|---|---|---|
| CSAIL 2017-C8 Commercial Mortgage Trust | 32 | $4,165,435 | Sep 2026 | SEC filing, September 28, 2026 |
Other New Orleans-Metairie loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lakeside Shopping Center | Metairie, LA | Retail | $175.0M | 3.77% | Aug 2027 | 2.34x | 98% | Current |
| Carrollton Avenue Shopping Center | New Orleans, LA | Retail | $20.4M | 4.99% | Jan 2027 | 1.53x | 98% | Current |
| Centre at Westbank | Harvey, LA | Retail | $18.7M | 5.00% | Apr 2027 | 1.78x | 98% | Current |
| Trader Joes Center | Metairie, LA | Retail | $14.5M | 3.90% | Dec 2027 | 2.42x | 79% | Current |
| The Refinery | New Orleans, LA | Mixed use | $8.3M | 4.92% | Apr 2027 | 1.76x | 97% | Current |
| 6851 Veterans Memorial Blvd | Metairie, LA | Retail | $8.2M | 4.448% | May 2027 | 1.66x | 98% | Current |
| The Shoppes at Mid-City | New Orleans, LA | Retail | $7.7M | 4.73% | Jul 2027 | 1.26x | 100% | Current |
| CVS New Orleans | New Orleans, LA | Retail | $7.2M | 4.708% | Jul 2027 | 1.07x | 100% | 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.