Office · South Burlington, Vermont
Dorset Street and Market Street
Dorset Street and Market Street is financed with a $9.5M CMBS loan at 4.973% 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
- $9,526,719
- Original balance (same notes)
- $11,200,000
- Interest rate
- 4.973% fixed
- Originated
- January 4, 2018
- Maturity
- January 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 5, 2027
- Master servicer
- Midland
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently May 6, 2020
- Defeasance
- Partly defeased
The property
- Address
- 100-102 Dorset Street and 2-4 Market Street, South Burlington, VT 05403
- Rentable area
- 60,561 sq ft
- Built
- 1972
- Largest tenants
- State of Vermont - Dept of Buildings and General Services; Pompanoosuc Mills Corporation (MTM); Washington Lodge #3 F & AM
- Value at securitization
- $17.6M (Dec 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.66x | 0.67x |
| Occupancy | 78% | 76% |
| Net operating income (annualized from 6 months) | $1.2M | $966K |
| Debt yield | 10.2% |
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 UBS Commercial Mortgage Trust 2018-C8 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Modified
On the cmbs.news watch list in every report since August 2026.
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 19% below the underwritten figure ($966K a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.66x at securitization to 0.67x on the latest statements.
- At 0.67x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.5M | Current | No | 0.67x | 76% |
| August 2026 | $9.5M | Current | No | 0.67x | 76% |
| July 2026 | $9.6M | Current | No | n/a | n/a |
| June 2026 | $9.6M | Current | No | n/a | n/a |
| May 2026 | $9.6M | Current | No | n/a | n/a |
| April 2026 | $9.6M | Current | No | 0.91x | 74% |
| March 2026 | $9.6M | Current | No | 0.90x | 79% |
| February 2026 | $9.7M | Current | No | 0.90x | 79% |
| January 2026 | $9.7M | Current | No | 0.90x | 79% |
| December 2025 | $9.7M | Current | No | 0.90x | 79% |
| November 2025 | $9.7M | Current | No | 0.90x | 79% |
| October 2025 | $9.7M | Current | No | 0.90x | 79% |
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C8 | 34 | $9,526,719 | Sep 2026 | SEC filing, September 28, 2026 |
Other Vermont loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Spinner Place | Winooski, VT | Multifamily | $17.7M | 8.162% | Nov 2028 | 0.60x | 82% | Current |
| Hampton Inn Burlington | Colchester, VT | Hotel | $10.9M | 4.87% | Mar 2028 | 1.66x | n/a | Current |
| Champlain Mill | Winooski, VT | Mixed use | $10.5M | 4.82% | Jun 2028 | 3.78x | 79% | 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.