Multifamily · East Ridge, Tennessee
Germantown Gardens Apartments
Germantown Gardens Apartments is financed with a $9.2M CMBS loan at 4.35% that reaches maturity on June 6, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,180,220
- Original balance (same notes)
- $9,900,000
- Interest rate
- 4.35% fixed
- Originated
- May 8, 2017
- Maturity
- June 6, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- July 5, 2019
- Prepayment premium ends
- April 5, 2027 (yield maintenance)
- Master servicer
- Midland
- Originator
- CREFI
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 730 Germantown Circle, East Ridge, TN 37412
- Metro
- Chattanooga, TN-GA
- Units, rooms or beds
- 202
- Built
- 1986, renovated 2008
- Value at securitization
- $16.0M (Mar 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.71x | 2.27x |
| Occupancy | 95% | 88% |
| Net operating income | $1.0M | $1.3M |
| Debt yield | 14.6% |
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 Morgan Stanley Capital I Trust 2017-H1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Matures within 12 months
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 fallen from 95% when the loan was securitized to 88%.
- Net operating income is 33% above the underwritten figure ($1.3M a year against $1.0M).
- Debt service coverage moved from 1.71x at securitization to 2.27x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.2M | Current | No | 2.27x | 88% |
| August 2026 | $9.2M | Current | No | 2.22x | 88% |
| July 2026 | $9.2M | Current | No | 2.22x | 88% |
| June 2026 | $9.2M | Current | No | 2.22x | 88% |
| May 2026 | $9.2M | Current | No | n/a | n/a |
| April 2026 | $9.3M | Current | No | 2.25x | n/a |
| March 2026 | $9.3M | Current | No | 2.25x | 98% |
| February 2026 | $9.3M | Current | No | 2.25x | 98% |
| January 2026 | $9.3M | Current | No | 2.25x | 98% |
| December 2025 | $9.3M | Current | No | 2.25x | 98% |
| November 2025 | $9.3M | Current | No | 2.25x | 98% |
| October 2025 | $9.3M | Current | No | 2.25x | 95% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-H1 | 34 | $9,180,220 | Sep 2026 | SEC filing, October 2, 2026 |
Other Chattanooga loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hilton Garden Inn Chattanooga Downtown | Chattanooga, TN | Hotel | $9.9M | 4.83% | Mar 2027 | 2.27x | 69% | 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.