Industrial · Lester Prairie, Minnesota
DS Smith - Lester Prairie
DS Smith - Lester Prairie is financed with a $4.6M CMBS loan at 5.28% that reaches maturity on November 6, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,558,146
- Original balance (same notes)
- $5,000,000
- Interest rate
- 5.28% fixed
- Originated
- October 10, 2018
- Maturity
- November 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 5, 2028
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 78 2nd Avenue South, Lester Prairie, MN 55354
- Rentable area
- 80,609 sq ft
- Built
- 1975, renovated 2018
- Largest tenants
- Liquibox Inc. a division of Sealed Air Corporatio
- Value at securitization
- $9.2M (Sep 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.91x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $641K |
| Debt yield | 14.1% |
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 Benchmark 2018-B7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.6M | Not reported | No | 1.91x | 100% |
| August 2026 | $4.6M | Not reported | No | 1.91x | 100% |
| July 2026 | $4.6M | Not reported | No | 1.91x | 100% |
| June 2026 | $4.6M | Not reported | No | 1.91x | 100% |
| May 2026 | $4.6M | Not reported | No | 1.91x | 100% |
| April 2026 | $4.6M | Not reported | No | 1.85x | 100% |
| March 2026 | $4.6M | Not reported | No | 1.85x | 100% |
| February 2026 | $4.6M | Not reported | No | 1.85x | 100% |
| January 2026 | $4.6M | Not reported | No | 1.90x | 100% |
| December 2025 | $4.6M | Not reported | No | 1.90x | 100% |
| November 2025 | $4.6M | Not reported | No | 1.90x | 100% |
| October 2025 | $4.6M | Not reported | No | 1.90x | 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 |
|---|---|---|---|---|
| Benchmark 2018-B7 Mortgage Trust | 46 | $4,558,146 | Sep 2026 | SEC filing, October 1, 2026 |
Other Minnesota loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Park Place East | Minneapolis, MN | Office | $51.0M | 4.62% | Feb 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| MOA Hotel Leased Fee Portfolio | MN | Other | $43.3M | 5.128% | Jul 2028 | 2.72x | 100% | Current |
| Offices At Mall Of America | Bloomington, MN | Office | $38.8M | 5.136% | Sep 2028 | 1.56x | 89% | Current |
| Lafayette Park | MN | Office | $38.0M | 4.722% | Oct 2028 | 5.82x | 100% | Current |
| 444 Lafayette | Saint Paul, MN | Office | $37.3M | 4.722% | Oct 2028 | n/a | n/a | Current |
| Southpoint Office Center | Bloomington, MN | Office | $32.7M | 4.305% | Feb 2028 | 1.41x | 58% | With the special servicer |
| Braemar Office Park | Edina, MN | Office | $19.1M | 4.384% | Jan 2028 | 1.92x | 88% | Current |
| Crystal Center | Crystal, MN | Retail | $19.1M | 4.90% | Aug 2028 | 2.56x | 97% | 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.