Retail · Wichita, Kansas
Greenwich Place
Greenwich Place is financed with a $14.2M CMBS loan at 5.08% that reaches maturity on June 1, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,153,774
- Original balance (same notes)
- $15,400,000
- Interest rate
- 5.08% fixed
- Originated
- May 18, 2018
- Maturity
- June 1, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- January 31, 2028
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently August 1, 2020
- Defeasance
- None reported
The property
- Address
- 2716 North Greenwich Court, Wichita, KS 67226
- Rentable area
- 150,583 sq ft
- Built
- 2016
- Largest tenants
- Ross; HomeGoods Inc.; DSW Shoe Warehouse Inc
- Value at securitization
- $22.3M (Apr 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.45x | 0.39x |
| Occupancy | 100% | 65% |
| Net operating income | $1.5M | $390K |
| Debt yield | 2.8% |
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 Morgan Stanley Capital I Trust 2018-H3 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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 fallen from 100% when the loan was securitized to 65%.
- Net operating income is 73% below the underwritten figure ($390K a year against $1.5M).
- Debt service coverage moved from 1.45x at securitization to 0.39x on the latest statements.
- At 0.39x, the property's reported NOI does not cover its debt service.
- The filing gives Jan 2027 as the lease end date for the largest tenant (Ross), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.2M | Current | No | 0.39x | 65% |
| August 2026 | $14.2M | Current | No | 0.39x | 65% |
| July 2026 | $14.2M | Current | No | 0.39x | 65% |
| June 2026 | $14.2M | Current | No | 0.39x | 65% |
| May 2026 | $14.2M | Current | No | 0.39x | 65% |
| April 2026 | $14.3M | Current | No | 0.39x | 65% |
| March 2026 | $14.3M | Current | No | 0.37x | 65% |
| February 2026 | $14.3M | Current | No | 0.37x | 65% |
| January 2026 | $14.3M | Current | No | 0.37x | 65% |
| December 2025 | $14.4M | Current | No | 0.37x | 65% |
| November 2025 | $14.4M | Current | No | 0.37x | 65% |
| October 2025 | $14.4M | Current | No | 0.37x | 65% |
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 2018-H3 | 21 | $14,153,774 | Sep 2026 | SEC filing, October 2, 2026 |
Other Kansas loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hampton Inn & Suites Wichita Airport | Wichita, KS | Hotel | $10.5M | 4.925% | Jan 2028 | 1.41x | 68% | Current |
| Springhill Suites Wichita Airport | Wichita, KS | Hotel | $9.0M | 5.045% | Jan 2028 | 2.28x | 85% | 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.