Retail · Sioux Falls, South Dakota
Empire Mall
Public CMBS trusts hold $120.0M of the loan on Empire Mall at 6.716% that reaches maturity on October 1, 2030, in 3 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $120,000,000
- Original balance (same notes)
- $120,000,000
- Interest rate
- 6.716% fixed
- Originated
- October 1, 2025
- Maturity
- October 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 31, 2030
- Master servicer
- Midland Loan Services
- Originator
- German American Capital Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5000 West Empire Mall, Sioux Falls, SD 57106
- Rentable area
- 1,164,322 sq ft
- Built
- 1974, renovated 2013
- Largest tenants
- Dillard's; J.C. Penney OpCo; Macy's
- Value at securitization
- $202.0M (Jun 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.43x | n/a |
| Occupancy | 87% | n/a |
| Net operating income | $19.8M | n/a |
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2026-5C8 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.
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $120.0M | Current | No | n/a | n/a |
| August 2026 | $120.0M | Current | No | n/a | n/a |
| July 2026 | $120.0M | Current | No | n/a | n/a |
| June 2026 | $120.0M | Current | No | n/a | n/a |
| May 2026 | $120.0M | Current | No | n/a | n/a |
| April 2026 | $120.0M | Current | No | n/a | n/a |
| March 2026 | $120.0M | Current | No | 2.21x | 87% |
| February 2026 | $100.0M | Current | No | n/a | n/a |
| January 2026 | $100.0M | Current | No | n/a | n/a |
| December 2025 | $100.0M | Current | No | 2.21x | 87% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2025-5C7 | 5 | $60,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2025-V19 Mortgage Trust | 4 | $40,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
| Wells Fargo Commercial Mortgage Trust 2026-5C8 | 13 | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
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.