Industrial portfolio, 2 properties · Tracy, California
CA Property - 16900 West Shulte Road
Public CMBS trusts hold $65.0M of the loan on this portfolio at 4.047% that reaches its anticipated repayment date on September 6, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $65,000,000
- Original balance (same notes)
- $65,000,000
- Interest rate
- 4.047% fixed
- Originated
- August 16, 2018
- Maturity
- September 6, 2033
- Anticipated repayment date
- September 6, 2028 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2028
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Deutsche Bank AG, New York Branch
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 16900 West Shulte Road, Tracy, CA 95376
- Metro
- Stockton-Lodi, CA
- Value at securitization
- $297.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $19.4M |
| Debt yield | 29.8% |
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 BENCHMARK 2018-B6 MORTGAGE TRUST filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| CA Property - 16900 West Shulte Road | Tracy, CA | Industrial | 100% | 2.01x |
| AZ Property - 400 South 99th Avenue | Tolleson, AZ | Industrial | 100% | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $65.0M | Not reported | No | 2.01x | 100% |
| August 2026 | $65.0M | Not reported | No | 2.01x | 100% |
| July 2026 | $65.0M | Not reported | No | 1.90x | 100% |
| June 2026 | $65.0M | Not reported | No | 1.90x | 100% |
| May 2026 | $65.0M | Not reported | No | 1.89x | 100% |
| April 2026 | $65.0M | Not reported | No | 1.89x | 100% |
| March 2026 | $65.0M | Not reported | No | 1.89x | 100% |
| February 2026 | $65.0M | Not reported | No | 1.89x | 100% |
| January 2026 | $65.0M | Not reported | No | 1.89x | 100% |
| December 2025 | $65.0M | Not reported | No | 1.89x | 100% |
| November 2025 | $65.0M | Not reported | No | 2.00x | 100% |
| October 2025 | $65.0M | Not reported | No | 2.00x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2018-B6 MORTGAGE TRUST | 5A | $45,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
| BENCHMARK 2018-B6 MORTGAGE TRUST | 5B | $20,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Stockton-Lodi loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Gateway Crossing Apartments | Tracy, CA | Multifamily | $50.5M | 4.78% | Aug 2028 | 1.74x | 98% | Current |
| Robinhood Plaza | Stockton, CA | Retail | $15.2M | 4.798% | Oct 2028 | 2.41x | 90% | Current |
| College Square | Stockton, CA | Retail | $12.3M | 5.17% | Dec 2028 | n/a | n/a | Current |
| Stockton Shopping Center | Stockton, CA | Retail | $10.5M | 5.55% | Dec 2028 | 2.10x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.