Retail · Gainesville, Florida
CVS Gainesville
CVS Gainesville is financed with a $7.5M CMBS loan at 4.414% that reaches maturity on January 6, 2028, in 14 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,475,000
- Original balance (same notes)
- $7,475,000
- Interest rate
- 4.414% fixed
- Originated
- December 7, 2017
- Maturity
- January 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2027
- Master servicer
- Midland
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1621 SW 13th Street, Gainesville, FL 32608
- Rentable area
- 20,041 sq ft
- Built
- 2011
- Largest tenants
- Holiday CVS LLC
- Value at securitization
- $10.9M (Sep 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.94x | 1.83x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $648K | $1.2M |
| Debt yield | 16.5% |
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 COMM 2018-COR3 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
- Net operating income is 91% above the underwritten figure ($1.2M a year against $648K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.94x at securitization to 1.83x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.5M | Current | No | 1.83x | 100% |
| August 2026 | $7.5M | Current | No | n/a | n/a |
| July 2026 | $7.5M | Current | No | n/a | n/a |
| June 2026 | $7.5M | Current | No | n/a | n/a |
| May 2026 | $7.5M | Current | No | n/a | n/a |
| April 2026 | $7.5M | Current | No | 1.75x | 100% |
| March 2026 | $7.5M | Current | No | 1.75x | 100% |
| February 2026 | $7.5M | Current | No | 1.75x | 100% |
| January 2026 | $7.5M | Current | No | 1.78x | 100% |
| December 2025 | $7.5M | Current | No | 1.78x | 100% |
| November 2025 | $7.5M | Current | No | 1.78x | 100% |
| October 2025 | $7.5M | Current | No | 1.84x | 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 |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 35 | $7,475,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Florida loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Country Inn & Suites Gainesville | Gainesville, FL | Hotel | $7.4M | 5.37% | Aug 2028 | 1.73x | 78% | Current |
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.