Mixed use · Ithaca, New York
Center Ithaca
Center Ithaca is financed with a $8.4M CMBS loan at 5.302% that reaches maturity on March 6, 2027, in 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,412,498
- Original balance (same notes)
- $10,000,000
- Interest rate
- 5.302% fixed
- Originated
- March 3, 2017
- Maturity
- March 6, 2027
- Payments
- Amortizing over 30 years
- Master servicer
- Trimont LLC
- Originator
- Barclays
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 171 East State Street, Ithaca, NY 14850
- Rentable area
- 94,429 sq ft
- Built
- 1990
- Largest tenants
- Federal Bureau of Investigation FBI; The NYSDOL; Finger Lakes Fitness Center
- Value at securitization
- $15.8M (Oct 2016)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.45x | 1.26x |
| Occupancy | 92% | 86% |
| Net operating income | $964K | $843K |
| Debt yield | 10.0% |
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 2017-RB1 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Matures within 12 months
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 92% when the loan was securitized to 86%.
- Net operating income is 13% below the underwritten figure ($843K a year against $964K).
- Debt service coverage moved from 1.45x at securitization to 1.26x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.4M | Current | No | 1.26x | 86% |
| August 2026 | $8.4M | Current | No | 1.26x | 86% |
| July 2026 | $8.4M | Current | No | 1.26x | 86% |
| June 2026 | $8.5M | Current | No | 1.26x | 86% |
| May 2026 | $8.5M | Current | No | 1.26x | 86% |
| April 2026 | $8.5M | Current | No | 1.26x | 86% |
| March 2026 | $8.5M | Current | No | 1.18x | 84% |
| February 2026 | $8.6M | Late payment but less than 30 days delinquent | No | 1.18x | 84% |
| January 2026 | $8.6M | Current | No | 1.18x | 84% |
| December 2025 | $8.6M | Current | No | 1.18x | 84% |
| November 2025 | $8.6M | Current | No | 1.06x | 84% |
| October 2025 | $8.6M | Current | No | 1.06x | 84% |
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 2017-RB1 | 22 | $8,412,498 | 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.