Retail portfolio, 3 properties · Multiple locations
Bond Street Fund 16
This portfolio is financed with a $9.7M CMBS loan at 5.01% that reaches maturity on May 11, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $9,654,577
- Original balance (same notes)
- $10,434,600
- Interest rate
- 5.01% fixed
- Originated
- April 25, 2018
- Maturity
- May 11, 2028
- Payments
- Interest only for 42 months, then amortizing
- Prepayment lockout ends
- February 10, 2028
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Value at securitization
- $15.4M
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.54x | 1.35x |
| Occupancy | 90% | 94% |
| Net operating income (annualized from 3 months) | $1.0M | $918K |
| Debt yield | 9.5% |
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 2018-C45 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 90% when the loan was securitized to 94%.
- Net operating income is 12% below the underwritten figure ($918K a year against $1.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.54x at securitization to 1.35x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.7M | Late payment but less than 30 days delinquent | No | 1.35x | 94% |
| August 2026 | $9.7M | Current | No | 1.35x | 94% |
| July 2026 | $9.7M | Current | No | 1.35x | 94% |
| June 2026 | $9.7M | Current | No | 1.63x | 95% |
| May 2026 | $9.7M | Current | No | 1.63x | 95% |
| April 2026 | $9.7M | Current | No | 1.63x | 95% |
| March 2026 | $9.7M | Current | No | 1.63x | 95% |
| February 2026 | $9.8M | Current | No | 1.21x | 95% |
| January 2026 | $9.8M | Current | No | 1.21x | 95% |
| December 2025 | $9.8M | Current | No | 1.10x | 95% |
| November 2025 | $9.8M | Current | No | 1.10x | 95% |
| October 2025 | $9.8M | Current | No | 1.10x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C45 | 22 | $9,654,577 | Sep 2026 | SEC filing, September 29, 2026 |
Other retail loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Aventura Mall | Aventura, FL | Retail | $900.0M | 4.121% | Jul 2028 | n/a | n/a | Current |
| Tysons Corner Center | McLean, VA | Retail | $269.8M | 6.601% | Dec 2028 | 1.93x | 86% | Current |
| Christiana Mall | Newark, DE | Retail | $265.7M | 4.277% | Aug 2028 | 1.75x | 97% | Current |
| Westfarms | West Hartford, CT | Retail | $242.0M | 7.795% | Sep 2028 | 1.95x | 92% | Current |
| Saint Louis Galleria | Saint Louis, MO | Retail | $229.0M | 4.997% | Nov 2028 | n/a | n/a | With the special servicer |
| Scottsdale Fashion Square | Scottsdale, AZ | Retail | $200.0M | 6.214% | Mar 2028 | 2.08x | n/a | Current |
| Cumberland Mall | Atlanta, GA | Retail | $180.0M | 7.87% | May 2028 | 1.68x | 98% | Current |
| Twelve Oaks Mall | Novi, MI | Retail | $170.2M | 4.399% | Mar 2028 | 2.43x | 86% | 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.