Retail portfolio, 4 properties · Memphis, Tennessee
Frayser Village
This portfolio is financed with a $10.7M CMBS loan at 4.185% that reaches its anticipated repayment date on February 6, 2027, in 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,682,782
- Original balance (same notes)
- $13,700,000
- Interest rate
- 4.185% fixed
- Originated
- January 20, 2017
- Maturity
- February 6, 2027
- Anticipated repayment date
- February 6, 2027 (the rate steps up if the loan is not repaid by then)
- Payments
- Amortizing over 28 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Benefit Street Partners CRE Finaance LLC
Status
- Payment status
- Not reported
- Special servicing
- Transferred November 14, 2018, returned October 30, 2020
- Workout strategy
- Resolved
- Modified
- Yes, most recently May 6, 2019
- Defeasance
- Partly defeased
The property
- Address
- 2570- 2588 Frayser Blvd., Memphis, TN 38127
- Metro
- Memphis, TN-MS-AR
- Value at securitization
- $28.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $1.2M |
| Debt yield | 10.8% |
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 CSAIL 2017-CX9 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Matures within 12 months
- Modified
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Frayser Village | Memphis, TN | Retail | 90% | 1.60x |
| Bartlesville Plaza | Bartlesville, OK | Retail | 32% | 0.56x |
| Three Notch Plaza | Andalusia, AL | Retail | 100% | 2.26x |
| Frayser Center | Memphis, TN | Retail | 15% | -0.06x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.7M | Not reported | No | 1.60x | 90% |
| August 2026 | $10.7M | Not reported | No | 2.12x | 85% |
| July 2026 | $10.7M | Not reported | No | 2.12x | 85% |
| June 2026 | $10.8M | Not reported | No | 2.10x | 85% |
| May 2026 | $10.8M | Not reported | No | 2.07x | 91% |
| April 2026 | $10.9M | Not reported | No | 2.07x | 91% |
| March 2026 | $10.9M | Not reported | No | -0.18x | 15% |
| February 2026 | $10.9M | Not reported | No | 2.07x | 91% |
| January 2026 | $11.0M | Not reported | No | 2.07x | 91% |
| December 2025 | $11.0M | Not reported | No | -0.18x | 15% |
| November 2025 | $11.0M | Not reported | No | 2.12x | 91% |
| October 2025 | $11.0M | Not reported | No | 2.12x | 91% |
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 November 14, 2018, returned to the master servicer October 30, 2020.
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 |
|---|---|---|---|---|
| CSAIL 2017-CX9 Commercial Mortgage Trust | 22 | $10,682,782 | Sep 2026 | SEC filing, September 28, 2026 |
Other Memphis loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| International Paper Global Hq | Memphis, TN | Office | $35.5M | 4.74% | Jan 2027 | 1.99x | 100% | Current |
| Hgi Memphis Wolfchase Galleria | Cordova, TN | Hotel | $10.5M | 4.76% | Jul 2027 | 1.49x | 76% | 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.