Industrial portfolio, 3 properties · Wisconsin
Gehl Foods Portfolio
This portfolio is financed with a $21.0M CMBS loan at 4.22% that reaches maturity on October 11, 2027, in 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,968,338
- Original balance (same notes)
- $22,500,000
- Interest rate
- 4.22% fixed
- Originated
- September 14, 2017
- Maturity
- October 11, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- November 10, 2019
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Value at securitization
- $34.5M (Jul 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.73x | 3.16x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $2.3M | $4.2M |
| Debt yield | 20.2% |
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 Wells Fargo Commercial Mortgage Trust 2017-C40 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Net operating income is 85% above the underwritten figure ($4.2M a year against $2.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.73x at securitization to 3.16x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $21.0M | Current | No | 3.16x | 100% |
| August 2026 | $21.0M | Current | No | 3.16x | 100% |
| July 2026 | $21.0M | Current | No | 3.16x | 100% |
| June 2026 | $21.1M | Current | No | 3.14x | 100% |
| May 2026 | $21.1M | Current | No | 3.14x | 100% |
| April 2026 | $21.1M | Current | No | 3.14x | 100% |
| March 2026 | $21.2M | Current | No | 3.10x | 100% |
| February 2026 | $21.2M | Current | No | 3.10x | 100% |
| January 2026 | $21.2M | Current | No | 3.10x | 100% |
| December 2025 | $21.4M | 60-89 days delinquent | No | 3.10x | 100% |
| November 2025 | $21.4M | 30-59 days delinquent | No | 3.10x | 100% |
| October 2025 | $21.4M | Payment not received but still in grace period or not yet due | No | 3.10x | 100% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C40 | 10 | $20,968,338 | Sep 2026 | SEC filing, September 29, 2026 |
Other Wisconsin loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Pleasant Prairie Premium Outlets | Pleasant Prairie, WI | Retail | $145.0M | 3.995% | Sep 2027 | 3.07x | 88% | Current |
| 411 East Wisconsin | Milwaukee, WI | Office | $83.0M | 4.14% | Jul 2027 | 1.65x | 76% | Current |
| Roundy's - West Bend, Wi | West Bend, WI | Retail | $36.9M | 3.993% | Sep 2027 | n/a | n/a | Current |
| City Brewery | La Crosse, WI | Industrial | $33.0M | 5.39% | Aug 2027 | 2.15x | 100% | Current |
| Cabela's - Prairie du Chien | Prairie du Chien, WI | Retail | $21.3M | 4.359% | Oct 2027 | n/a | n/a | Current |
| Kohl's Neenah | Neenah, WI | Retail | $6.3M | 4.55% | Sep 2027 | 1.53x | 100% | Current |
| Northgate Estates MHC | New London, WI | Manufactured housing | $5.1M | 4.96% | Jul 2027 | n/a | n/a | Current |
| Oakbridge Apartments | West Baraboo, WI | Multifamily | $4.7M | 4.28% | May 2027 | 3.05x | 99% | 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.