Multifamily · Charlotte, North Carolina
Flats at 87Ten
Flats at 87Ten is financed with a $9.3M CMBS loan at 6.59% that reaches maturity on September 1, 2031, in 4 years and 10 months. As of the Nov 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $9,250,000
- Original balance (same notes)
- $9,250,000
- Interest rate
- 6.59% fixed
- Originated
- August 3, 2026
- Maturity
- September 1, 2031
- Payments
- Interest only for the full term
- Prepayment premium ends
- May 31, 2031 (yield maintenance)
- Master servicer
- CBRE
- Originator
- AxLender (DX) Subsidiary LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 8710 Research Drive, Charlotte, NC 28262
- Metro
- Charlotte-Concord-Gastonia, NC-SC
- Units, rooms or beds
- 96
- Built
- 2000, renovated 2023
- Value at securitization
- $12.5M (Jun 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.38x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $850K | n/a |
Watch flags
Computed from the AXDB 2026-MULT1 Mortgage Trust filing for the reporting period ending November 11, 2026, filed with the SEC October 21, 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 1 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $9.3M | Current | No | n/a | 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 |
|---|---|---|---|---|
| AXDB 2026-MULT1 Mortgage Trust | 21 | $9,250,000 | Nov 2026 | SEC filing, October 21, 2026 |
Other Charlotte-Concord-Gastonia loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Harris Building | Charlotte, NC | Office | $64.0M | 6.367% | Apr 2031 | n/a | n/a | Current |
| Greenrock Estates | Charlotte, NC | Multifamily | $33.0M | 5.92% | Apr 2031 | n/a | n/a | Current |
| Townes at Southpark | Charlotte, NC | Multifamily | $15.0M | 5.925% | Jan 2031 | n/a | n/a | Current |
| The Crossing | Matthews, NC | Mixed use | $12.0M | 6.41% | Jan 2031 | 1.90x | 96% | Current |
| Stadium Lofts Apartments | Kannapolis, NC | Mixed use | $10.5M | 6.30% | Feb 2031 | n/a | n/a | Current |
| Vista Commons | Charlotte, NC | Multifamily | $9.0M | 3.635% | Nov 2031 | 3.05x | 86% | Current |
| Redbud Commons | Gastonia, NC | Retail | $6.6M | 6.679% | Jan 2031 | n/a | n/a | Current |
| 7-Eleven Charlotte | Charlotte, NC | Retail | $4.5M | 4.635% | May 2031 | 1.74x | 100% | Current |
All loans maturing in 2031 · All Charlotte-Concord-Gastonia loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending November 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.