Retail · Philadelphia, Pennsylvania
Bakers Centre
Bakers Centre is financed with a $32.0M CMBS loan at 3.942% that reaches maturity on November 1, 2027, in 12 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $32,000,000
- Original balance (same notes)
- $32,000,000
- Interest rate
- 3.942% fixed
- Originated
- November 1, 2017
- Maturity
- November 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 31, 2019
- Prepayment premium ends
- June 30, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2800 Fox Street, Philadelphia, PA 19129
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 236,709 sq ft
- Built
- 2013
- Largest tenants
- Shop Rite; Ross Dress for Less; Planet Fitness
- Value at securitization
- $52.9M (Oct 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.52x | 3.06x |
| Occupancy | 92% | 100% |
| Net operating income | $3.2M | $3.9M |
| Debt yield | 12.3% |
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 2017-HR2 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.
What the filing shows
- Occupancy has risen from 92% when the loan was securitized to 100%.
- Net operating income is 22% above the underwritten figure ($3.9M a year against $3.2M).
- Debt service coverage moved from 2.52x at securitization to 3.06x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $32.0M | Current | No | 3.06x | 100% |
| August 2026 | $32.0M | Current | No | 3.06x | 100% |
| July 2026 | $32.0M | Current | No | 3.06x | 100% |
| June 2026 | $32.0M | Current | No | 3.06x | 100% |
| May 2026 | $32.0M | Current | No | 3.17x | 100% |
| April 2026 | $32.0M | Current | No | 3.17x | 100% |
| March 2026 | $32.0M | Current | No | 3.17x | 100% |
| February 2026 | $32.0M | Current | No | 3.17x | 100% |
| January 2026 | $32.0M | Current | No | 3.17x | 100% |
| December 2025 | $32.0M | Current | No | 3.19x | 95% |
| November 2025 | $32.0M | Current | No | 3.19x | 95% |
| October 2025 | $32.0M | Current | No | 3.19x | 95% |
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 2017-HR2 | 9 | $32,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Apex Fort Washington | Fort Washington, PA | Office | $48.0M | 5.28% | Mar 2027 | 1.12x | 66% | Current |
| Riverview Landing | Eagleville, PA | Multifamily | $44.0M | 4.944% | Nov 2027 | 1.32x | 93% | Current |
| Rodin Place | Philadelphia, PA | Mixed use | $41.6M | 4.35% | Aug 2027 | 1.55x | 76% | Current |
| Great Valley Commerce Center | Malvern, PA | Office | $40.9M | 4.48% | Aug 2027 | 1.91x | 86% | Current |
| Overlook at King of Prussia | King of Prussia, PA | Retail | $40.8M | 3.82% | Sep 2027 | 2.17x | 100% | Current |
| Kirkwood Plaza | Wilmington, DE | Retail | $32.5M | 4.59% | Nov 2027 | 2.06x | 79% | Current |
| Valley Creek Corporate Center | Exton, PA | Office | $31.6M | 4.30% | Jun 2027 | 1.18x | 49% | With the special servicer |
| Shoppes At Flowers Mill | Langhorne, PA | Retail | $26.3M | 4.70% | Oct 2027 | 1.28x | 89% | Current |
All loans maturing in 2027 · All Philadelphia-Camden-Wilmington 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.