Multifamily · Fort Wayne, Indiana
Colony Bay Apartments
Colony Bay Apartments is financed with a $13.5M CMBS loan at 4.00% that reaches maturity on April 6, 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
- $13,500,000
- Original balance (same notes)
- $13,500,000
- Interest rate
- 4.00% fixed
- Originated
- April 3, 2017
- Maturity
- April 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2026
- Master servicer
- Midland
- Originator
- CREFI
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6530 Covington Road, Fort Wayne, IN 46804
- Metro
- Fort Wayne, IN
- Rentable area
- 125,495 sq ft
- Units, rooms or beds
- 495
- Built
- 1966, renovated 1980
- Value at securitization
- $25.0M (Mar 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.97x | 4.70x |
| Occupancy | 96% | 96% |
| Net operating income | $1.6M | $2.6M |
| Debt yield | 19.1% |
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 Capital I Trust 2017-H1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- Net operating income is 58% above the underwritten figure ($2.6M a year against $1.6M).
- Debt service coverage moved from 2.97x at securitization to 4.70x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.5M | Current | No | 4.70x | 96% |
| August 2026 | $13.5M | Current | No | n/a | n/a |
| July 2026 | $13.5M | Current | No | n/a | n/a |
| June 2026 | $13.5M | Current | No | n/a | n/a |
| May 2026 | $13.5M | Current | No | n/a | n/a |
| April 2026 | $13.5M | Current | No | 4.59x | 93% |
| March 2026 | $13.5M | Current | No | 4.59x | 93% |
| February 2026 | $13.5M | Current | No | 4.59x | 93% |
| January 2026 | $13.5M | Current | No | 4.25x | 95% |
| December 2025 | $13.5M | Current | No | 4.25x | 95% |
| November 2025 | $13.5M | Current | No | 4.25x | 95% |
| October 2025 | $13.5M | Current | No | 3.99x | 92% |
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 Capital I Trust 2017-H1 | 30 | $13,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Fort Wayne loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Centennial Highlands | Fort Wayne, IN | Multifamily | $11.4M | 4.693% | Oct 2027 | 1.89x | 97% | Current |
| The Shoppes at Fort Wayne | Fort Wayne, IN | Retail | $7.4M | 4.67% | Jul 2027 | 1.09x | 56% | 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.