Retail · Harvey, Louisiana
Centre at Westbank
Centre at Westbank is financed with a $18.7M CMBS loan at 5.00% that reaches maturity on April 1, 2027, in 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $18,736,296
- Original balance (same notes)
- $20,900,000
- Interest rate
- 5.00% fixed
- Originated
- March 23, 2017
- Maturity
- April 1, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- October 31, 2026
- Master servicer
- Trimont LLC
- Originator
- KeyBank
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently July 1, 2020
- Defeasance
- None reported
The property
- Address
- 1601, 1617, 1629 and 1631 Westbank Expressway, Harvey, LA 70058
- Metro
- New Orleans-Metairie, LA
- Rentable area
- 167,106 sq ft
- Built
- 2001
- Largest tenants
- Best Buy; Michael's Stores Inc.; Barnes & Noble
- Value at securitization
- $30.0M (Jan 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.68x | 1.78x |
| Occupancy | 100% | 98% |
| Net operating income | $2.3M | $2.4M |
| Debt yield | 12.8% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Matures within 12 months
- Largest tenant's lease ends within 12 months
- Modified
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 6% above the underwritten figure ($2.4M a year against $2.3M).
- Debt service coverage moved from 1.68x at securitization to 1.78x on the latest statements.
- The filing gives Jan 2027 as the lease end date for the largest tenant (Best Buy), 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 | $18.7M | Current | No | 1.78x | 98% |
| August 2026 | $18.8M | Current | No | 1.78x | 98% |
| July 2026 | $18.8M | Current | No | 1.78x | 98% |
| June 2026 | $18.8M | Current | No | 1.78x | 98% |
| May 2026 | $18.9M | Current | No | 1.78x | 98% |
| April 2026 | $18.9M | Current | No | 1.78x | 98% |
| March 2026 | $18.9M | Current | No | 1.77x | 98% |
| February 2026 | $19.0M | Current | No | 1.77x | 98% |
| January 2026 | $19.0M | Current | No | 1.77x | 98% |
| December 2025 | $19.0M | Current | No | 1.77x | 98% |
| November 2025 | $19.1M | Current | No | 1.76x | 98% |
| October 2025 | $19.1M | Current | No | 1.76x | 98% |
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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 | 11 | $18,736,296 | Sep 2026 | SEC filing, October 2, 2026 |
Other New Orleans-Metairie loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lakeside Shopping Center | Metairie, LA | Retail | $175.0M | 3.77% | Aug 2027 | 2.34x | 98% | Current |
| Carrollton Avenue Shopping Center | New Orleans, LA | Retail | $20.4M | 4.99% | Jan 2027 | 1.53x | 98% | Current |
| Trader Joes Center | Metairie, LA | Retail | $14.5M | 3.90% | Dec 2027 | 2.42x | 79% | Current |
| The Refinery | New Orleans, LA | Mixed use | $8.3M | 4.92% | Apr 2027 | 1.76x | 97% | Current |
| 6851 Veterans Memorial Blvd | Metairie, LA | Retail | $8.2M | 4.448% | May 2027 | 1.66x | 98% | Current |
| The Shoppes at Mid-City | New Orleans, LA | Retail | $7.7M | 4.73% | Jul 2027 | 1.26x | 100% | Current |
| CVS New Orleans | New Orleans, LA | Retail | $7.2M | 4.708% | Jul 2027 | 1.07x | 100% | Current |
| Best Western Plus - Chalmette | Chalmette, LA | Hotel | $4.5M | 5.416% | Dec 2027 | 0.78x | 52% | 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.