Retail · Melbourne, Florida
Constellation Commons
Constellation Commons is financed with a $6.3M CMBS loan at 5.058% that reaches maturity on August 6, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,308,602
- Original balance (same notes)
- $6,720,000
- Interest rate
- 5.058% fixed
- Originated
- July 17, 2018
- Maturity
- August 6, 2028
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- May 5, 2028
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Deutsche Bank AG, New York Branch
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4900 North Wickham Road, Melbourne, FL 32940
- Metro
- Palm Bay-Melbourne-Titusville, FL
- Rentable area
- 42,685 sq ft
- Built
- 2016
- Largest tenants
- Goodwill Industries of Houston Inc.; Dollar Tree Stores Inc.; Vino Music LLC
- Value at securitization
- $9.7M (May 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.57x |
| Occupancy | 92% | 100% |
| Net operating income (annualized from 6 months) | n/a | $691K |
| Debt yield | 10.9% |
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 BENCHMARK 2018-B6 MORTGAGE TRUST filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 risen from 92% when the loan was securitized to 100%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.3M | Not reported | No | 1.57x | 100% |
| August 2026 | $6.3M | Not reported | No | 1.57x | 100% |
| July 2026 | $6.3M | Not reported | No | 1.69x | 100% |
| June 2026 | $6.3M | Not reported | No | 1.68x | 100% |
| May 2026 | $6.3M | Not reported | No | 1.68x | 100% |
| April 2026 | $6.4M | Not reported | No | 1.68x | 100% |
| March 2026 | $6.4M | Not reported | No | 1.77x | 100% |
| February 2026 | $6.4M | Not reported | No | 1.77x | 100% |
| January 2026 | $6.4M | Not reported | No | 1.77x | 100% |
| December 2025 | $6.4M | Not reported | No | 1.75x | 100% |
| November 2025 | $6.4M | Not reported | No | 1.75x | 100% |
| October 2025 | $6.4M | Not reported | No | 1.75x | 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 |
|---|---|---|---|---|
| BENCHMARK 2018-B6 MORTGAGE TRUST | 45 | $6,308,602 | Sep 2026 | SEC filing, September 25, 2026 |
Other Palm Bay-Melbourne-Titusville loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Crowne Plaza Melbourne | Melbourne, FL | Hotel | $34.5M | 5.94% | Nov 2028 | 0.90x | 51% | With the special servicer |
| GE Transportation | Melbourne, FL | Office | $16.3M | 4.92% | Feb 2028 | 3.00x | 94% | Current |
All loans maturing in 2028 · All Palm Bay-Melbourne-Titusville loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.