Mixed use · Indianapolis, Indiana
Covance Business Center
Public CMBS trusts hold $20.3M of the loan on Covance Business Center at 4.45% that reaches maturity on October 6, 2027, in 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,275,854
- Original balance (same notes)
- $25,185,000
- Interest rate
- 4.45% fixed
- Originated
- September 8, 2017
- Maturity
- October 6, 2027
- Payments
- Amortizing over 28 years
- Prepayment lockout ended
- November 5, 2019
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8211 Scicor Drive, Indianapolis, IN 46214
- Metro
- Indianapolis-Carmel-Greenwood, IN
- Rentable area
- 333,600 sq ft
- Built
- 1990
- Largest tenants
- Covance (t0073996)
- Value at securitization
- $34.5M (Jul 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.57x | 1.72x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $2.5M | $5.5M |
| Debt yield | 27.1% |
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 JPMDB Commercial Mortgage Securities Trust 2017-C7 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
- Net operating income is 120% above the underwritten figure ($5.5M a year against $2.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.57x at securitization to 1.72x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.3M | 30-59 days delinquent | No | 1.72x | 100% |
| August 2026 | $20.3M | Late payment but less than 30 days delinquent | No | 1.71x | 100% |
| July 2026 | $20.3M | Current | No | 1.71x | 100% |
| June 2026 | $20.4M | Current | No | 1.71x | 100% |
| May 2026 | $20.5M | Current | No | 1.69x | 100% |
| April 2026 | $20.5M | Current | No | 1.69x | 100% |
| March 2026 | $20.6M | Current | No | 1.69x | 100% |
| February 2026 | $20.6M | Current | No | 1.69x | 100% |
| January 2026 | $20.7M | Current | No | 1.69x | 100% |
| December 2025 | $20.9M | Current | No | 1.58x | 92% |
| November 2025 | $20.8M | Current | No | 1.69x | 100% |
| October 2025 | $20.8M | Current | No | 1.69x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| JPMDB Commercial Mortgage Securities Trust 2017-C7 | 23 | $12,198,949 | Sep 2026 | SEC filing, September 28, 2026 |
| CD 2017-CD6 Mortgage Trust | 37 | $8,076,905 | Sep 2026 | SEC filing, September 25, 2026 |
Other Indianapolis-Carmel-Greenwood loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hamilton Crossing, Carmel | Carmel, IN | Office | $45.7M | 4.92% | Feb 2027 | 1.36x | 66% | With the special servicer |
| Lockefield Gardens | Indianapolis, IN | Multifamily | $30.4M | 4.618% | Nov 2027 | 1.35x | 88% | Current |
| Meridian North | Indianapolis, IN | Mixed use | $15.4M | 4.82% | Nov 2027 | 1.90x | 98% | Current |
| Shiloh Crossing | Avon, IN | Retail | $10.4M | 4.774% | May 2027 | 1.67x | 100% | Current |
| Mill Creek Self Storage | Noblesville, IN | Self storage | $5.9M | 5.38% | Feb 2027 | 1.65x | 85% | Current |
| 117 East Washington | Indianapolis, IN | Mixed use | $5.5M | 4.74% | Sep 2027 | 2.02x | 100% | Current |
| Cvs Retail Plaza | Indianapolis, IN | Retail | $5.3M | 4.36% | Aug 2027 | 3.50x | 100% | Current |
| Strawbridge Green Apartments | Indianapolis, IN | Multifamily | $4.9M | 4.26% | Aug 2027 | 2.07x | 93% | Current |
All loans maturing in 2027 · All Indianapolis-Carmel-Greenwood loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 9, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.