Retail portfolio, 3 properties · Pennsylvania
Family Dollar Portfolio
This portfolio is financed with a $4.4M CMBS loan at 4.617% that reaches maturity on September 6, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $4,393,115
- Original balance (same notes)
- $4,975,000
- Interest rate
- 4.617% fixed
- Originated
- August 30, 2017
- Maturity
- September 6, 2027
- Payments
- Interest only for 6 months, then amortizing
- Prepayment lockout ends
- June 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred March 7, 2025
- Workout strategy
- REO
- Defeasance
- None reported
The property
- Value at securitization
- $6.9M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.62x | 0.05x |
| Occupancy | 100% | 37% |
| Net operating income | $495K | $14K |
| Debt yield | 0.3% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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
- Occupancy has fallen from 100% when the loan was securitized to 37%.
- Net operating income is 97% below the underwritten figure ($14K a year against $495K).
- Debt service coverage moved from 1.62x at securitization to 0.05x on the latest statements.
- At 0.05x, 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 | $4.4M | 90+ days delinquent | Yes | 0.05x | 37% |
| August 2026 | $4.4M | 90+ days delinquent | Yes | 0.05x | 37% |
| July 2026 | $4.4M | 90+ days delinquent | Yes | 0.05x | 37% |
| June 2026 | $4.4M | 90+ days delinquent | Yes | 0.05x | 37% |
| May 2026 | $4.4M | 90+ days delinquent | Yes | 0.05x | 37% |
| April 2026 | $4.4M | 90+ days delinquent | Yes | 0.05x | 37% |
| March 2026 | $4.4M | 90+ days delinquent | Yes | 0.11x | 37% |
| February 2026 | $4.4M | 90+ days delinquent | Yes | 0.11x | 37% |
| January 2026 | $4.4M | 90+ days delinquent | Yes | 1.29x | 64% |
| December 2025 | $4.4M | 90+ days delinquent | Yes | 1.29x | 64% |
| November 2025 | $4.4M | 90+ days delinquent | Yes | 1.29x | 64% |
| October 2025 | $4.4M | 90+ days delinquent | Yes | 1.29x | 64% |
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.
Special-servicing history
- Transferred to the special servicer March 7, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 | 39 | $4,393,115 | Sep 2026 | SEC filing, September 29, 2026 |
Other Pennsylvania loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lehigh Valley Mall | Whitehall, PA | Retail | $164.8M | 4.056% | Nov 2027 | 1.89x | 84% | Current |
| Logan Town Center | Altoona, PA | Retail | $72.2M | 4.62% | Nov 2027 | 1.69x | 100% | Current |
| Apex Fort Washington | Fort Washington, PA | Office | $48.0M | 5.28% | Mar 2027 | 1.12x | 66% | Current |
| Integrated Health Campus | Allentown, PA | Office | $47.3M | 4.34% | Sep 2027 | 1.41x | 93% | Current |
| Riverview Landing | Eagleville, PA | Multifamily | $44.0M | 4.944% | Nov 2027 | 1.32x | 93% | Current |
| Rodin Place | Philadelphia, PA | Mixed use | $41.6M | 4.35% | Aug 2027 | 1.55x | 76% | Current |
| Great Valley Commerce Center | Malvern, PA | Office | $40.9M | 4.48% | Aug 2027 | 1.91x | 86% | Current |
| Overlook at King of Prussia | King of Prussia, PA | Retail | $40.8M | 3.82% | Sep 2027 | 2.17x | 100% | 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.