Office · Denver, Colorado
Cherry Tower
Cherry Tower is financed with a $18.2M CMBS loan at 4.835% that reaches maturity on September 6, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $18,171,922
- Original balance (same notes)
- $21,050,000
- Interest rate
- 4.835% fixed
- Originated
- August 29, 2018
- Maturity
- September 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- May 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Deutsche Bank AG, acting through its New York Branch
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred July 8, 2026
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 950 South Cherry Street, Denver, CO 80246
- Metro
- Denver-Aurora-Centennial, CO
- Rentable area
- 226,195 sq ft
- Built
- 1982, renovated 2016
- Largest tenants
- Somatic Therapy Partners; Arch-BT1 LLC; Johnson
- Value at securitization
- $32.4M (Jun 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.79x | 1.26x |
| Occupancy | 84% | 63% |
| Net operating income (annualized from 3 months) | $2.4M | $1.7M |
| Debt yield | 9.4% |
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 DBGS 2018-C1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
On the cmbs.news watch list in every report since July 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 84% when the loan was securitized to 63%.
- Net operating income is 29% below the underwritten figure ($1.7M a year against $2.4M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.79x at securitization to 1.26x on the latest statements.
- The filing gives May 2027 as the lease end date for the largest tenant (Somatic Therapy Partners), 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 | $18.2M | Late payment but less than 30 days delinquent | Yes | 1.26x | 63% |
| August 2026 | $18.2M | Late payment but less than 30 days delinquent | Yes | 1.26x | 63% |
| July 2026 | $18.2M | Current | Yes | 1.26x | 63% |
| June 2026 | $18.2M | Current | No | 1.26x | 63% |
| May 2026 | $18.3M | Current | No | 1.39x | 70% |
| April 2026 | $18.3M | Current | No | 1.39x | 70% |
| March 2026 | $18.4M | Current | No | 1.37x | 64% |
| February 2026 | $18.4M | Current | No | 1.37x | 64% |
| January 2026 | $18.4M | Current | No | 1.26x | 61% |
| December 2025 | $18.5M | Current | No | 1.26x | 61% |
| November 2025 | $18.5M | Current | No | 1.26x | 61% |
| October 2025 | $18.5M | Current | No | 1.26x | 61% |
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 July 8, 2026, still there.
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 |
|---|---|---|---|---|
| DBGS 2018-C1 Mortgage Trust | 20 | $18,171,922 | Sep 2026 | SEC filing, October 1, 2026 |
Other Denver-Aurora-Centennial loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Re/max Plaza | Denver, CO | Office | $65.5M | 4.681% | Apr 2028 | 3.04x | 100% | Current |
| Thorncreek Crossing | Thornton, CO | Retail | $30.7M | 4.623% | May 2028 | 2.31x | 99% | Current |
| One Lincoln Station | Lone Tree, CO | Office | $27.0M | 4.805% | Apr 2028 | 0.69x | 76% | Current |
| 3300 East 1st Avenue | Denver, CO | Mixed use | $24.4M | 4.90% | Jun 2028 | 1.83x | 82% | Current |
| Fairfield Inn & Suites Denver/aurora | Aurora, CO | Hotel | $10.9M | 5.42% | Oct 2028 | 1.21x | 67% | Current |
| Hyatt House Broomfield | Broomfield, CO | Hotel | $9.6M | 5.41% | Mar 2028 | n/a | n/a | Current |
| A Storage Place - Evergreen | Evergreen, CO | Self storage | $9.5M | 4.997% | Feb 2028 | n/a | n/a | Current |
| Holiday Inn Express & Suites Wheat Ridge | Wheat Ridge, CO | Hotel | $8.8M | 4.976% | Jul 2028 | -0.58x | 65% | With the special servicer and 90+ days delinquent |
All loans maturing in 2028 · All Denver-Aurora-Centennial loans
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.