Retail · Coralville, Iowa
Coral Ridge Mall
Coral Ridge Mall is financed with a $61.6M CMBS loan at 6.821% that reaches maturity on February 1, 2031, in 4 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $61,648,286
- Original balance (same notes)
- $62,000,000
- Interest rate
- 6.821% fixed
- Originated
- January 30, 2026
- Maturity
- February 1, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 31, 2030
- Master servicer
- Trimont
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1451 Coral Ridge Avenue, Coralville, IA 52241
- Rentable area
- 572,887 sq ft
- Built
- 1998, renovated 2017
- Largest tenants
- Scheels; Best Buy; Coral Ridge 10
- Value at securitization
- $118.0M (Dec 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.24x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $10.9M | n/a |
Watch flags
Computed from the BANK5 2026-5YR21 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- The filing gives Nov 2030 as the lease end date for the largest tenant (Scheels), before the loan matures. Lenders look hard at that rollover.
The last 6 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $61.6M | Current | No | n/a | n/a |
| August 2026 | $61.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| July 2026 | $61.7M | Current | No | n/a | n/a |
| June 2026 | $61.8M | Current | No | n/a | n/a |
| May 2026 | $61.8M | Current | No | n/a | n/a |
| April 2026 | $61.9M | Current | No | 2.41x | n/a |
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 |
|---|---|---|---|---|
| BANK5 2026-5YR21 | 4 | $61,648,286 | Sep 2026 | SEC filing, September 28, 2026 |
Other Iowa loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Walgreens-Coralville | Coralville, IA | Retail | $4.3M | 4.098% | Mar 2031 | 2.07x | 100% | 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.