Retail · Hickory, North Carolina
Hickory Corners
Hickory Corners is financed with a $8.5M CMBS loan at 5.18% that reaches maturity 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
- $8,503,500
- Original balance (same notes)
- $9,300,000
- Interest rate
- 5.18% fixed
- Originated
- January 26, 2017
- Maturity
- February 6, 2027
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- November 5, 2026
- Master servicer
- Trimont LLC
- Originator
- RMF
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred October 16, 2018, returned February 18, 2020
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 1718 Us Highway 70 Southeast, Hickory, NC 28602
- Rentable area
- 156,474 sq ft
- Built
- 1986
- Largest tenants
- Hamrick's; Gabrial brothers; Elizabeth and Co Pet Salon
- Value at securitization
- $13.5M (Nov 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.74x | 1.22x |
| Occupancy | 99% | 56% |
| Net operating income (annualized from 6 months) | $1.1M | $750K |
| Debt yield | 8.8% |
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 CFCRE 2017-C8 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- 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 99% when the loan was securitized to 56%.
- Net operating income is 30% below the underwritten figure ($750K a year against $1.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.74x at securitization to 1.22x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.5M | Current | No | 1.22x | 56% |
| August 2026 | $8.5M | Current | No | 1.22x | 56% |
| July 2026 | $8.5M | Current | No | 1.29x | 56% |
| June 2026 | $8.5M | Current | No | 1.29x | 56% |
| May 2026 | $8.6M | Current | No | 1.29x | 56% |
| April 2026 | $8.6M | Current | No | 1.30x | 95% |
| March 2026 | $8.6M | Current | No | 1.30x | 95% |
| February 2026 | $8.6M | Current | No | 1.30x | 95% |
| January 2026 | $8.6M | Current | No | 1.30x | 95% |
| December 2025 | $8.6M | Current | No | 1.30x | 95% |
| November 2025 | $8.6M | Current | No | 1.30x | 95% |
| October 2025 | $8.7M | Current | No | 1.24x | 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.
Special-servicing history
- Transferred to the special servicer October 16, 2018, returned to the master servicer February 18, 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 |
|---|---|---|---|---|
| CFCRE 2017-C8 Mortgage Trust | 25 | $8,503,500 | Sep 2026 | SEC filing, September 30, 2026 |
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.