Retail · Silver Spring, Maryland
Briggs Chaney Shopping Center
Briggs Chaney Shopping Center is financed with a $5.6M CMBS loan at 4.75% that reaches maturity on November 11, 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
- $5,639,160
- Original balance (same notes)
- $6,700,000
- Interest rate
- 4.75% fixed
- Originated
- November 1, 2017
- Maturity
- November 11, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 13820-13890 Outlet Drive, Silver Spring, MD 20904
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 42,055 sq ft
- Built
- 1987
- Largest tenants
- Small Wonders Childcare; FGMA Inc; Connaisseur Inc.
- Value at securitization
- $10.8M (Sep 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.65x | 1.99x |
| Occupancy | 96% | 95% |
| Net operating income (annualized from 6 months) | $692K | $840K |
| Debt yield | 14.9% |
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 BANK 2017-BNK9 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
- Net operating income is 21% above the underwritten figure ($840K a year against $692K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.65x at securitization to 1.99x on the latest statements.
- The filing gives Aug 2026 as the lease end date for the largest tenant (Small Wonders Childcare), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.6M | Current | No | 1.99x | 95% |
| August 2026 | $5.7M | Current | No | 1.65x | 95% |
| July 2026 | $5.7M | Current | No | 1.65x | 95% |
| June 2026 | $5.7M | Current | No | 1.65x | 95% |
| May 2026 | $5.7M | Current | No | 1.83x | 95% |
| April 2026 | $5.7M | Current | No | 1.83x | 95% |
| March 2026 | $5.7M | Current | No | 1.83x | 95% |
| February 2026 | $5.7M | Current | No | 1.83x | 95% |
| January 2026 | $5.7M | Current | No | 1.83x | 95% |
| December 2025 | $5.7M | Current | No | 1.83x | 95% |
| November 2025 | $5.8M | Current | No | 1.82x | 95% |
| October 2025 | $5.8M | Current | No | 1.82x | 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 |
|---|---|---|---|---|
| BANK 2017-BNK9 | 33 | $5,639,160 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lafayette Centre | Washington, DC | Office | $243.0M | 4.246% | Mar 2027 | n/a | n/a | With the special servicer |
| Pentagon Center | Arlington, VA | Office | $210.0M | 4.326% | Mar 2027 | 2.81x | 100% | Current |
| GSK R&D Centre | Rockville, MD | Office | $138.0M | 3.945% | Jan 2027 | 7.84x | 100% | With the special servicer |
| 1235 South Clark Street | Arlington, VA | Office | $72.5M | 3.939% | Nov 2027 | 1.35x | 65% | Current |
| 2U Headquarters | Lanham, MD | Office | $50.6M | 4.45% | Nov 2027 | -0.44x | n/a | With the special servicer and 90+ days delinquent |
| Westin Crystal City | Arlington, VA | Hotel | $48.0M | 4.511% | Aug 2027 | n/a | n/a | Current |
| Ritchie Station Marketplace | Capitol Heights, MD | Retail | $36.5M | 4.45% | Jun 2027 | 1.48x | 100% | Current |
| Hilltop Plaza | Bowie, MD | Retail | $35.2M | 4.295% | Jul 2027 | 1.72x | 95% | Current |
All loans maturing in 2027 · All Washington-Arlington-Alexandria 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.