Retail · West Palm Beach, Florida
Cross County Plaza
Cross County Plaza is financed with a $40.0M CMBS loan at 7.66% that reaches maturity on November 6, 2033, in 7 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $40,000,000
- Original balance (same notes)
- $40,000,000
- Interest rate
- 7.66% fixed
- Originated
- October 13, 2023
- Maturity
- November 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2033
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4348 Okeechobee Boulevard, West Palm Beach, FL 33409
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 347,093 sq ft
- Built
- 1991, renovated 1998
- Largest tenants
- Presidente Supermarket No. 53 Inc.; Beauty Master Cam; Ollie's Bargain Outlet
- Value at securitization
- $61.6M (Oct 2023)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.36x | 1.21x |
| Occupancy | 99% | 100% |
| Net operating income | $4.2M | $3.8M |
| Debt yield | 9.4% |
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 MSWF Commercial Mortgage Trust 2023-2 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 10% below the underwritten figure ($3.8M a year against $4.2M).
- Debt service coverage moved from 1.36x at securitization to 1.21x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $40.0M | Current | No | 1.21x | 100% |
| August 2026 | $40.0M | Current | No | 1.21x | 100% |
| July 2026 | $40.0M | Current | No | 1.21x | 100% |
| June 2026 | $40.0M | Current | No | 1.21x | 100% |
| May 2026 | $40.0M | Current | No | 1.19x | 100% |
| April 2026 | $40.0M | Late payment but less than 30 days delinquent | No | 1.19x | 100% |
| March 2026 | $40.0M | Current | No | 1.19x | 100% |
| February 2026 | $40.0M | Current | No | 1.19x | 100% |
| January 2026 | $40.0M | Current | No | 1.19x | 100% |
| December 2025 | $40.0M | Current | No | 1.17x | 100% |
| November 2025 | $40.0M | Current | No | 1.17x | 100% |
| October 2025 | $40.0M | Late payment but less than 30 days delinquent | No | 1.17x | 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 |
|---|---|---|---|---|
| MSWF Commercial Mortgage Trust 2023-2 | 8 | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Soho Beach House Miami | Miami Beach, FL | Hotel | $140.0M | 6.99% | Jun 2033 | 2.91x | 81% | Current |
| Boca Corporate Center, Boca Raton (2033 maturity) | Boca Raton, FL | Office | $18.1M | 6.76% | Jan 2033 | 1.83x | 90% | Current |
| 151 NW 24th Street | Miami, FL | Retail | $6.8M | 7.305% | Jan 2033 | n/a | n/a | 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.