Office · Marietta, Georgia
Home Depot Technology Center
2161-2250 Newmarket Parkway Southeast, Marietta, GA · Google Maps
The trusts' filings for the period ending October 13, 2026 no longer list this loan: it was paid off, defeased or liquidated, or the trust stopped reporting. The figures below are from the earlier filings.
Public CMBS trusts hold $42.0M of the loan on Home Depot Technology Center at 5.001% that reached its anticipated repayment date on November 5, 2025, 11 months ago. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $42,042,819
- Original balance (same notes)
- $44,300,000
- Interest rate
- 5.001% fixed
- Originated
- October 11, 2018
- Maturity
- November 5, 2028
- Anticipated repayment date
- November 5, 2025 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ended
- May 4, 2025
- Master servicer
- Trimont LLC
- Originator
- Barclays Bank PLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2161-2250 Newmarket Parkway Southeast, Marietta, GA 30067
- Metro
- Atlanta-Sandy Springs-Roswell, GA
- Rentable area
- 347,498 sq ft
- Built
- 1984, renovated 2017
- Largest tenants
- Home Depot; UL Environ Air Quality Science; MCI Metro Access Transmitter
- Value at securitization
- $66.6M (Aug 2018)
Performance
| Measure | At securitization | Latest (Jun 2026) |
|---|---|---|
| DSCR (NOI) | 1.83x | 2.40x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $4.1M | $5.3M |
| Debt yield | 12.7% |
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 2018-C48 filing for the reporting period ending October 13, 2026, filed with the SEC October 27, 2026.
- Past maturity
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 29% above the underwritten figure ($5.3M a year against $4.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.83x at securitization to 2.40x on the latest statements.
Refinance test on today's income
The latest annual NOI in the filing is $5.3M, a debt yield of 12.7% on $42.0M. Lenders often size a new loan so NOI is at least 9% to 10% of the loan amount.
| Debt yield a lender requires | Largest loan | Against today's balance |
|---|---|---|
| 9% | $59.2M | $17.2M of room |
| 10% | $53.3M | $11.2M of room |
Arithmetic on the filed NOI only: no rates, reserves, cap rates or lender terms. NOI can be a year old; see the statement dates above.
Operating statement
| Annual | At securitization | Latest, Jun 2026 | Per sq ft |
|---|---|---|---|
| Revenue | $5.9M | $7.4M | $21.25/sf |
| Operating expenses | $1.7M | $2.1M | $5.92/sf |
| Net operating income | $4.1M | $5.3M | $15.33/sf |
| Net cash flow | $4.0M | $5.2M | $14.94/sf |
| Expense ratio | 29.7% | 27.8% |
From the servicer's Schedule AL report; the latest statement covers 6 months and is annualized; 347,498 sq ft; renovated 2017.
Largest tenants
| Tenant | Sq ft | Share of building | Lease ends |
|---|---|---|---|
| Home Depot | 310,669 | 89% | Jul 2029 |
| UL Environ Air Quality Science | 36,829 | 11% | Aug 2029 |
| MCI Metro Access Transmitter | n/a | n/a | May 2020 |
Red: the lease ends before the loan matures.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $42.0M | Current | No | 2.40x | 100% |
| September 2026 | $42.3M | Current | No | 2.17x | 100% |
| August 2026 | $42.5M | Current | No | 2.17x | 100% |
| July 2026 | $42.7M | Current | No | 2.17x | 100% |
| June 2026 | $42.9M | Current | No | 2.17x | 100% |
| May 2026 | $43.1M | Current | No | 2.17x | 100% |
| April 2026 | $43.3M | Current | No | 2.17x | 100% |
| March 2026 | $43.5M | Current | No | 2.22x | 100% |
| February 2026 | $43.7M | Current | No | 2.22x | 100% |
| January 2026 | $43.9M | Current | No | 2.22x | 100% |
| December 2025 | $44.1M | Current | No | 2.25x | 100% |
| November 2025 | $44.3M | Current | No | 2.25x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2018-C2 | 10 | $28,471,436 | Oct 2026 | SEC filing, October 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2018-C48 | 21 | $13,571,383 | Oct 2026 | SEC filing, October 27, 2026 |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.