Industrial · Beverly, Massachusetts
Axcelis Corporate Center
Public CMBS trusts hold $40.3M of the loan on Axcelis Corporate Center at 4.92% that reaches maturity on February 1, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $40,261,919
- Original balance (same notes)
- $51,000,000
- Interest rate
- 4.92% fixed
- Originated
- January 12, 2018
- Maturity
- February 1, 2028
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- October 31, 2027
- Master servicer
- Midland Loan Services
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 108 Cherry Hill Drive, Beverly, MA 01915
- Metro
- Boston-Cambridge-Newton, MA-NH
- Rentable area
- 417,313 sq ft
- Built
- 1984, renovated 2006
- Largest tenants
- AXCELIS-BEVERLY MA
- Value at securitization
- $82.1M (Nov 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.46x | 1.45x |
| Occupancy | 100% | 100% |
| Net operating income | $5.2M | $5.1M |
| Debt yield | 12.8% |
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 Morgan Stanley Capital I Trust 2018-H3 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 | $40.3M | Current | No | 1.45x | 100% |
| August 2026 | $40.4M | Current | No | 1.44x | 100% |
| July 2026 | $40.5M | Current | No | 1.44x | 100% |
| June 2026 | $40.6M | Current | No | 1.44x | 100% |
| May 2026 | $40.8M | Current | No | 1.61x | 100% |
| April 2026 | $40.9M | Current | No | 1.61x | 100% |
| March 2026 | $41.0M | Current | No | 1.61x | 100% |
| February 2026 | $41.2M | Current | No | 1.61x | 100% |
| January 2026 | $41.3M | Current | No | 1.61x | 100% |
| December 2025 | $41.4M | Current | No | 1.61x | 100% |
| November 2025 | $41.5M | Current | No | 1.61x | 100% |
| October 2025 | $41.6M | Current | No | 1.62x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 | 10 | $26,841,279 | Sep 2026 | SEC filing, September 25, 2026 |
| Morgan Stanley Capital I Trust 2018-H3 | 18 | $13,420,640 | Sep 2026 | SEC filing, October 2, 2026 |
Other Boston-Cambridge-Newton loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Back Bay Office | Boston, MA | Office | $237.5M | 6.298% | Jul 2028 | 2.24x | 86% | Current |
| CrossPoint | Lowell, MA | Office | $150.0M | 4.734% | Feb 2028 | 2.29x | 74% | Current |
| Atrium Center | Chestnut Hill, MA | Mixed use | $115.0M | 3.90% | Jan 2028 | 4.70x | 100% | Current |
| Tripadvisor Hq | Needham, MA | Office | $98.2M | 4.883% | Aug 2028 | 2.35x | 100% | Current |
| 10 Brookline Place | Brookline, MA | Office | $82.0M | 4.337% | Dec 2028 | 2.50x | 100% | Current |
| Riverwalk Buildings | Lawrence, MA | Office | $55.9M | 5.176% | Jun 2028 | 1.40x | 89% | Current |
| Millennium Tower Boston | Boston, MA | Retail | $55.7M | 4.285% | Jul 2028 | n/a | n/a | Current |
| Riverworks | Watertown, MA | Office | $38.6M | 4.857% | Nov 2028 | 2.11x | 88% | Current |
All loans maturing in 2028 · All Boston-Cambridge-Newton loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.