Retail · San Antonio, Texas
Boardwalk Shopping Center
Boardwalk Shopping Center is financed with a $6.5M CMBS loan at 4.86% that reaches maturity on June 11, 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
- $6,453,273
- Original balance (same notes)
- $7,725,000
- Interest rate
- 4.86% fixed
- Originated
- June 1, 2017
- Maturity
- June 11, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- March 10, 2027
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 23535 West Interstate 10, San Antonio, TX 78257
- Metro
- San Antonio-New Braunfels, TX
- Rentable area
- 40,182 sq ft
- Built
- 2004
- Largest tenants
- MHLS Ventures LLC; Mll San Antonio Foods LLC; Dental Oral Care PLLC
- Value at securitization
- $11.5M (Feb 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.43x | 1.84x |
| Occupancy | 100% | 98% |
| Net operating income | $699K | $903K |
| Debt yield | 14.0% |
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 Wells Fargo Commercial Mortgage Trust 2017-C38 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 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
- Net operating income is 29% above the underwritten figure ($903K a year against $699K).
- Debt service coverage moved from 1.43x at securitization to 1.84x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.5M | Current | No | 1.84x | 98% |
| August 2026 | $6.5M | Current | No | 1.84x | 98% |
| July 2026 | $6.5M | Current | No | 1.84x | 98% |
| June 2026 | $6.5M | Current | No | 1.84x | 98% |
| May 2026 | $6.5M | Current | No | 1.84x | 98% |
| April 2026 | $6.5M | Current | No | 1.84x | 98% |
| March 2026 | $6.5M | Current | No | 1.84x | 98% |
| February 2026 | $6.6M | Current | No | 1.84x | 98% |
| January 2026 | $6.6M | Current | No | 1.79x | 98% |
| December 2025 | $6.6M | Current | No | 1.79x | 98% |
| November 2025 | $6.6M | Late payment but less than 30 days delinquent | No | 1.79x | 98% |
| October 2025 | $6.6M | Current | No | 1.79x | 98% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C38 | 38 | $6,453,273 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Antonio-New Braunfels loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| San Antonio Business Park | San Antonio, TX | Industrial | $30.0M | 4.73% | Nov 2027 | n/a | n/a | Current |
| Las Palmas | San Antonio, TX | Retail | $20.4M | 4.758% | Feb 2027 | n/a | n/a | Current |
| Grandview Shopping Center, San Antonio | San Antonio, TX | Retail | $14.5M | 4.89% | Sep 2027 | 1.22x | 90% | With the special servicer |
| Park Oaks Shopping Center | San Antonio, TX | Retail | $13.7M | 4.62% | May 2027 | 1.23x | 95% | Current |
| Shops at the Canyons | San Antonio, TX | Retail | $7.3M | 4.40% | Jul 2027 | 2.03x | 94% | Current |
| American Mini Storage - Converse | Converse, TX | Self storage | $4.7M | 4.50% | Sep 2027 | 2.10x | 88% | Current |
All loans maturing in 2027 · All San Antonio-New Braunfels 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.