Retail · Concord, North Carolina
Christenbury Corners
Christenbury Corners is financed with a $17.0M CMBS loan at 5.04% that reaches maturity on July 11, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $17,020,863
- Original balance (same notes)
- $18,500,000
- Interest rate
- 5.04% fixed
- Originated
- June 19, 2018
- Maturity
- July 11, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- April 10, 2028
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8845, 8855, 8875, 8885, 8905, 8915 Christenbury Parkway; 3020 Derita Road, Concord, NC 28027
- Metro
- Charlotte-Concord-Gastonia, NC-SC
- Rentable area
- 118,473 sq ft
- Built
- 2017
- Largest tenants
- Kohl's Department Stores Inc.; AVMH Ventures of Concord Mills LLC (Pet Supplies; Bad Daddy's International (Bad Daddy's Burger Bar)
- Value at securitization
- $27.1M (Apr 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.46x | 1.03x |
| Occupancy | 100% | 80% |
| Net operating income (annualized from 6 months) | $1.7M | $1.2M |
| Debt yield | 7.3% |
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 Wells Fargo Commercial Mortgage Trust 2018-C47 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 100% when the loan was securitized to 80%.
- Net operating income is 28% below the underwritten figure ($1.2M a year against $1.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.46x at securitization to 1.03x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.0M | Current | No | 1.03x | 80% |
| August 2026 | $17.0M | Current | No | 0.99x | 80% |
| July 2026 | $17.1M | Current | No | 0.99x | 80% |
| June 2026 | $17.1M | Current | No | 0.99x | 80% |
| May 2026 | $17.1M | Current | No | 0.99x | 80% |
| April 2026 | $17.2M | Current | No | 1.36x | 78% |
| March 2026 | $17.2M | Current | No | 1.45x | 78% |
| February 2026 | $17.2M | Current | No | 1.45x | 78% |
| January 2026 | $17.2M | Current | No | 1.45x | 78% |
| December 2025 | $17.3M | Current | No | 1.45x | 78% |
| November 2025 | $17.3M | Current | No | 1.50x | 100% |
| October 2025 | $17.3M | Current | No | 1.50x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C47 | 15 | $17,020,863 | Sep 2026 | SEC filing, September 29, 2026 |
Other Charlotte-Concord-Gastonia loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Overlook at Ballantyne | Charlotte, NC | Office | $94.0M | 7.387% | Jun 2028 | 1.49x | 99% | Current |
| Cambridge Corporate Center | Charlotte, NC | Office | $42.0M | 5.49% | Nov 2028 | 0.77x | 59% | With the special servicer and 30-59 days delinquent |
| Daimler Building | Fort Mill, SC | Office | $21.0M | 4.433% | Feb 2028 | n/a | n/a | Current |
| Cross Creek Shopping Center, Indian Land | Indian Land, SC | Retail | $17.0M | 4.82% | Apr 2028 | 1.43x | 100% | Current |
| DoubleTree - Charlotte Airport | Charlotte, NC | Hotel | $16.4M | 5.40% | May 2028 | n/a | n/a | Current |
| Tower Place | Charlotte, NC | Retail | $13.9M | 4.79% | Aug 2028 | 2.64x | 98% | Current |
| Home2 Suites By Hilton Charlotte Airport | Charlotte, NC | Hotel | $11.9M | 4.996% | Jul 2028 | 1.60x | 78% | Current |
| Carolina Beverage Group Building | Mooresville, NC | Industrial | $11.1M | 5.03% | Nov 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All Charlotte-Concord-Gastonia 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.