Retail · Santa Fe, New Mexico
El Mercado Center
El Mercado Center is financed with a $5.8M CMBS loan at 4.458% that reaches maturity on June 1, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,824,891
- Original balance (same notes)
- $6,700,000
- Interest rate
- 4.458% fixed
- Originated
- May 30, 2017
- Maturity
- June 1, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- July 31, 2019
- Prepayment premium ends
- February 28, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 511 West Cordova Road, Santa Fe, NM 87505
- Rentable area
- 53,064 sq ft
- Built
- 1950, renovated 2006
- Largest tenants
- CVS; Missing Link Sports LLC; Sweezey Athletics LLC
- Value at securitization
- $9.7M (Apr 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.54x | 1.68x |
| Occupancy | 98% | 98% |
| Net operating income (annualized from 6 months) | $623K | $688K |
| Debt yield | 11.8% |
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 BANK 2017-BNK6 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Matures within 12 months
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% above the underwritten figure ($688K a year against $623K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.54x at securitization to 1.68x on the latest statements.
- The filing gives Jul 2026 as the lease end date for the largest tenant (CVS), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.8M | Current | No | 1.68x | 98% |
| August 2026 | $5.8M | Current | No | 1.68x | 98% |
| July 2026 | $5.8M | Current | No | 1.38x | 98% |
| June 2026 | $5.9M | Current | No | 1.38x | 98% |
| May 2026 | $5.9M | Current | No | 1.65x | 98% |
| April 2026 | $5.9M | Current | No | 1.65x | 98% |
| March 2026 | $5.9M | Current | No | 1.65x | 98% |
| February 2026 | $5.9M | Current | No | 1.51x | 98% |
| January 2026 | $5.9M | Current | No | 1.51x | 98% |
| December 2025 | $5.9M | Current | No | 1.51x | 98% |
| November 2025 | $5.9M | Current | No | 1.71x | 98% |
| October 2025 | $6.0M | Current | No | 1.71x | 98% |
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 |
|---|---|---|---|---|
| BANK 2017-BNK6 | 37 | $5,824,891 | Sep 2026 | SEC filing, September 29, 2026 |
Other New Mexico loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Tuscany at St. Francis | Santa Fe, NM | Multifamily | $13.3M | 4.36% | Sep 2027 | 3.33x | 99% | 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.