Multifamily · Fairborn, Ohio
Fairfield Oakes
Fairfield Oakes is financed with a $12.9M CMBS loan at 5.023% that reaches maturity on August 6, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,888,971
- Original balance (same notes)
- $13,500,000
- Interest rate
- 5.023% fixed
- Originated
- July 19, 2018
- Maturity
- August 6, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- June 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1616 Valley Oak Lane, Fairborn, OH 45324
- Metro
- Dayton-Kettering-Beavercreek, OH
- Units, rooms or beds
- 102
- Built
- 2016
- Value at securitization
- $19.7M (Jun 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.34x | 1.78x |
| Occupancy | 94% | 94% |
| Net operating income (annualized from 6 months) | $1.2M | $1.6M |
| Debt yield | 12.2% |
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 Wells Fargo Commercial Mortgage Trust 2018-C47 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.
What the filing shows
- Net operating income is 34% above the underwritten figure ($1.6M a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.34x at securitization to 1.78x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.9M | Current | No | 1.78x | 94% |
| August 2026 | $12.9M | Current | No | 1.78x | 94% |
| July 2026 | $12.9M | Current | No | 1.74x | 98% |
| June 2026 | $12.9M | Current | No | 1.74x | 98% |
| May 2026 | $13.0M | Current | No | 1.74x | 98% |
| April 2026 | $13.0M | Current | No | 1.63x | 96% |
| March 2026 | $13.0M | Current | No | 1.63x | 96% |
| February 2026 | $13.0M | Current | No | 1.63x | 96% |
| January 2026 | $13.0M | Current | No | 1.60x | 97% |
| December 2025 | $13.0M | Current | No | 1.60x | 97% |
| November 2025 | $13.1M | Current | No | 1.60x | 97% |
| October 2025 | $13.1M | Current | No | 1.59x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C47 | 24 | $12,888,971 | Sep 2026 | SEC filing, September 29, 2026 |
Other Dayton-Kettering-Beavercreek loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Courtyard by Marriott Dayton Beavercreek | Beavercreek, OH | Hotel | $13.9M | 5.565% | Mar 2028 | n/a | n/a | Current |
| Mission Point Office | Beavercreek, OH | Office | $9.9M | 5.44% | Nov 2028 | 1.87x | 100% | Current |
| Pepsi Distribution Center | Fairborn, OH | Industrial | $9.6M | 3.43% | Jun 2028 | n/a | n/a | Current |
| Miamisburg Office Portfolio | Miamisburg, OH | Office | $5.2M | 4.66% | Feb 2028 | 0.93x | 53% | Current |
| Apple Valley Office | Beavercreek, OH | Office | $5.1M | 4.987% | Jun 2028 | -0.50x | 51% | Current |
| Ashford Center-Oh | Beavercreek, OH | Office | $4.5M | 5.715% | Oct 2028 | 1.80x | 88% | Current |
| Best Storage-Tipp City | Tipp City, OH | Self storage | $1.6M | 5.23% | Dec 2028 | 2.72x | 100% | Current |
All loans maturing in 2028 · All Dayton-Kettering-Beavercreek loans
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.