Office · Raleigh, North Carolina
Capital Bank Plaza
Capital Bank Plaza is financed with a $21.2M CMBS loan at 4.68% that reaches maturity on May 11, 2027, in 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
- $21,192,927
- Original balance (same notes)
- $23,000,000
- Interest rate
- 4.68% fixed
- Originated
- May 1, 2017
- Maturity
- May 11, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- February 10, 2027
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred February 7, 2024, returned April 22, 2024
- Workout strategy
- Resolved
- Modified
- Yes, most recently March 8, 2024
- Defeasance
- None reported
The property
- Address
- 333 Fayetteville Street, Raleigh, NC 27601
- Metro
- Raleigh-Cary, NC
- Rentable area
- 148,142 sq ft
- Built
- 1965, renovated 2002
- Largest tenants
- State of North Carolina; State of North Carolina; Cooper Trcia General Contracting
- Value at securitization
- $32.0M (Mar 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.63x | 0.90x |
| Occupancy | 96% | 73% |
| Net operating income | $2.3M | $909K |
| Debt yield | 4.3% |
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-BNK5 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
- Largest tenant's lease ends within 12 months
- Modified
On the cmbs.news watch list in every report since April 2026.
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 fallen from 96% when the loan was securitized to 73%.
- Net operating income is 61% below the underwritten figure ($909K a year against $2.3M).
- Debt service coverage moved from 1.63x at securitization to 0.90x on the latest statements.
- At 0.90x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $18.1M (March 27, 2024), against $32.0M at securitization.
- The filing gives Nov 2026 as the lease end date for the largest tenant (State of North Carolina), 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 | $21.2M | Current | No | 0.90x | 73% |
| August 2026 | $21.2M | Current | No | 0.90x | 73% |
| July 2026 | $21.2M | Current | No | 0.90x | 73% |
| June 2026 | $21.2M | Current | No | 0.90x | 73% |
| May 2026 | $21.2M | Current | No | 0.90x | 73% |
| April 2026 | $21.2M | Current | No | 0.90x | 73% |
| March 2026 | $21.2M | Current | No | 1.22x | 60% |
| February 2026 | $21.2M | Current | No | 1.22x | 60% |
| January 2026 | $21.2M | Current | No | 1.22x | 60% |
| December 2025 | $21.2M | Current | No | 1.22x | 60% |
| November 2025 | $21.2M | Current | No | 1.36x | 60% |
| October 2025 | $21.2M | Current | No | 1.36x | 60% |
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.
Special-servicing history
- Transferred to the special servicer February 7, 2024, returned to the master servicer April 22, 2024.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2017-BNK5 | 15 | $21,192,927 | Sep 2026 | SEC filing, October 1, 2026 |
Other Raleigh-Cary loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Arbors, Raleigh | Raleigh, NC | Office | $19.8M | 4.33% | Dec 2027 | 2.10x | 82% | Current |
| Bryan Woods Apartments | Garner, NC | Multifamily | $6.5M | 4.24% | Sep 2027 | 3.49x | 93% | Current |
| Edgewater Place | Raleigh, NC | Retail | $6.3M | 3.94% | Sep 2027 | 3.20x | 100% | Current |
| Days Inn Raleigh Betline | Raleigh, NC | Hotel | $5.2M | 5.913% | Feb 2027 | 2.38x | 77% | Current |
| Excess Storage Centre | Knightdale, NC | Self storage | $4.3M | 4.89% | Jan 2027 | 1.89x | 83% | 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.