Retail · Burlington, Washington
Burlington Crossing
Burlington Crossing is financed with a $16.8M CMBS loan at 5.573% that reaches maturity on May 6, 2031, in 4 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $16,750,000
- Original balance (same notes)
- $16,750,000
- Interest rate
- 5.573% fixed
- Originated
- April 29, 2026
- Maturity
- May 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2031
- Master servicer
- Trimont LLC
- Originator
- RREF DLI
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1825-2050 Marketplace Drive, Burlington, WA 98233
- Rentable area
- 162,196 sq ft
- Built
- 2004
- Largest tenants
- ROSS; BOOT BARN; PETSMART
- Value at securitization
- $38.5M (Mar 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 3.13x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $3.0M | n/a |
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2026-5C9 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
- The filing gives Jan 2031 as the lease end date for the largest tenant (ROSS), before the loan matures. Lenders look hard at that rollover.
The last 5 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.8M | Current | No | n/a | n/a |
| August 2026 | $16.8M | Current | No | n/a | n/a |
| July 2026 | $16.8M | Current | No | n/a | n/a |
| June 2026 | $16.8M | Current | No | n/a | n/a |
| May 2026 | $16.8M | Current | No | 2.72x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2026-5C9 | 15 | $16,750,000 | Sep 2026 | SEC filing, September 29, 2026 |
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.