Office · Atlanta, Georgia
Five Points Plaza
Five Points Plaza is financed with a $9.2M CMBS loan at 5.02% that reaches maturity on December 1, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,227,035
- Original balance (same notes)
- $11,300,000
- Interest rate
- 5.02% fixed
- Originated
- November 6, 2018
- Maturity
- December 1, 2028
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- August 31, 2028
- Master servicer
- Midland Loan Services
- Originator
- SG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 40 Marietta Street, Atlanta, GA 30303
- Metro
- Atlanta-Sandy Springs-Roswell, GA
- Rentable area
- 123,370 sq ft
- Built
- 1964, renovated 1999
- Value at securitization
- $21.0M (Sep 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.55x | -1.62x |
| Occupancy | 100% | n/a |
| Net operating income (annualized from 3 months) | $2.0M | $-1.3M |
| Debt yield | -14.2% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the UBS Commercial Mortgage Trust 2018-C15 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since July 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 165% below the underwritten figure ($-1.3M a year against $2.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.55x at securitization to -1.62x on the latest statements.
- At -1.62x, 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 | $9.2M | Current | No | -1.62x | n/a |
| August 2026 | $9.3M | Current | No | -1.62x | n/a |
| July 2026 | $9.3M | Current | No | -1.62x | n/a |
| June 2026 | $9.3M | Current | No | n/a | n/a |
| May 2026 | $9.3M | Current | No | n/a | n/a |
| April 2026 | $9.4M | Current | No | -1.35x | n/a |
| March 2026 | $9.4M | Current | No | -1.37x | n/a |
| February 2026 | $9.4M | Current | No | -1.37x | n/a |
| January 2026 | $9.4M | Current | No | -1.37x | n/a |
| December 2025 | $9.5M | Current | No | -1.37x | n/a |
| November 2025 | $9.5M | Current | No | -1.49x | n/a |
| October 2025 | $9.5M | Current | No | -1.49x | n/a |
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C15 | 22 | $9,227,035 | Sep 2026 | SEC filing, September 28, 2026 |
Other Atlanta-Sandy Springs-Roswell loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cumberland Mall | Atlanta, GA | Retail | $180.0M | 7.87% | May 2028 | 1.68x | 98% | Current |
| 1025 Lenox Park | Atlanta, GA | Office | $75.0M | 7.913% | Oct 2028 | n/a | n/a | Current |
| The Prado | Sandy Springs, GA | Retail | $42.0M | 8.80% | Dec 2028 | 1.12x | 90% | Current |
| Hilton Garden Inn Atlanta Downtown | Atlanta, GA | Hotel | $39.5M | 8.39% | Nov 2028 | 2.07x | 77% | Current |
| Perimeter Square | Atlanta, GA | Retail | $35.0M | 5.545% | Nov 2028 | 1.67x | 100% | Current |
| 1000 Windward Concourse | Alpharetta, GA | Office | $29.7M | 4.995% | Nov 2028 | 0.58x | 43% | Current |
| Embassy Suites Atlanta Airport | Atlanta, GA | Hotel | $29.2M | 4.97% | Sep 2028 | 1.59x | 70% | Current |
| Embassy Suites Kennesaw | Kennesaw, GA | Hotel | $27.8M | 5.33% | Jul 2028 | 1.89x | 83% | Current |
All loans maturing in 2028 · All Atlanta-Sandy Springs-Roswell 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.