Retail · Fresno, California
Fresno Fashion Fair Mall
Public CMBS trusts hold $225.0M of the loan on Fresno Fashion Fair Mall at 3.587% that reaches maturity on November 1, 2026, this month. As of the Sep 2026 and Oct 2026 servicer reports its status is with the special servicer and 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $225,000,000
- Original balance (same notes)
- $225,000,000
- Interest rate
- 3.587% fixed
- Originated
- October 6, 2016
- Maturity
- November 1, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 31, 2018
- Prepayment premium ends
- July 31, 2026 (yield maintenance)
- Master servicer
- Wells Fargo
- Originator
- SG/JPMCB
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- Transferred July 29, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 645 East Shaw Avenue, Fresno, CA 93710
- Metro
- Fresno, CA
- Rentable area
- 536,093 sq ft
- Built
- 1970, renovated 2006
- Largest tenants
- Macy's; JCPenney; Macy's Men's & Children's
- Value at securitization
- $565.0M (Aug 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.22x | 2.16x |
| Occupancy | 88% | 96% |
| Net operating income (annualized from 3 months) | $26.3M | $25.5M |
| Debt yield | 11.3% |
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 CFCRE 2016-C7 Mortgage Trust filing for the reporting period ending October 6, 2026, filed with the SEC October 21, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Matures within 12 months
On the cmbs.news watch list in every report since August 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 risen from 88% when the loan was securitized to 96%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $41.0M | 30-59 days delinquent | Yes | 2.16x | 96% |
| September 2026 | $225.0M | Late payment but less than 30 days delinquent | Yes | 2.16x | 94% |
| August 2026 | $225.0M | Current | Yes | 2.16x | 94% |
| July 2026 | $225.0M | Current | No | 2.16x | 94% |
| June 2026 | $225.0M | Late payment but less than 30 days delinquent | No | 2.24x | 94% |
| May 2026 | $225.0M | Payment not received but still in grace period or not yet due | No | 2.24x | 94% |
| April 2026 | $225.0M | Payment not received but still in grace period or not yet due | No | 2.29x | 94% |
| March 2026 | $225.0M | Payment not received but still in grace period or not yet due | No | 2.29x | 94% |
| February 2026 | $225.0M | Payment not received but still in grace period or not yet due | No | 2.29x | 94% |
| January 2026 | $225.0M | Payment not received but still in grace period or not yet due | No | 2.29x | 94% |
| December 2025 | $225.0M | Late payment but less than 30 days delinquent | No | 2.35x | 96% |
| November 2025 | $225.0M | Payment not received but still in grace period or not yet due | No | 2.35x | 96% |
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 July 29, 2026, 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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2016-JP4 | 2 | $80,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| JPMCC Commercial Mortgage Securities Trust 2017-JP5 | 4 | $69,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| CFCRE 2016-C7 Mortgage Trust | 4 | $41,000,000 | Oct 2026 | SEC filing, October 21, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P6 | 6 | $35,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Fresno loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hallmark Town Center | Madera, CA | Retail | $8.9M | 3.83% | Oct 2026 | 2.47x | 94% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.