Retail · Birmingham, Alabama
Homewood Commons
Homewood Commons is financed with a $7.7M CMBS loan at 4.558% that reaches maturity on December 6, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,663,171
- Original balance (same notes)
- $8,500,000
- Interest rate
- 4.558% fixed
- Originated
- November 20, 2017
- Maturity
- December 6, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- September 5, 2027
- Master servicer
- KeyBank Real Estate Capital
- Originator
- n/a
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 146 Wildwood Parkway, Birmingham, AL 35209
- Metro
- Birmingham, AL
- Rentable area
- 174,791 sq ft
- Largest tenants
- Restaurant Depot; Ross Dress for Less; Planet Fitness
- Value at securitization
- $12.3M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.78x |
| Occupancy | 91% | 76% |
| Net operating income | n/a | $926K |
| Debt yield | 12.1% |
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 BENCHMARK 2018-B2 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Occupancy down 10 points or more from securitization
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 91% when the loan was securitized to 76%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.7M | Not reported | No | 1.78x | 76% |
| August 2026 | $7.7M | Not reported | No | 1.57x | 77% |
| July 2026 | $7.7M | Not reported | No | 1.57x | 77% |
| June 2026 | $7.7M | Not reported | No | 1.57x | 77% |
| May 2026 | $7.7M | Not reported | No | 1.57x | 77% |
| April 2026 | $7.7M | Not reported | No | 1.57x | 77% |
| March 2026 | $7.7M | Not reported | No | 1.57x | 77% |
| February 2026 | $7.8M | Not reported | No | 2.00x | 77% |
| January 2026 | $7.8M | Not reported | No | 2.00x | 81% |
| December 2025 | $7.8M | Not reported | No | 2.00x | 81% |
| November 2025 | $7.8M | Not reported | No | 2.00x | 81% |
| October 2025 | $7.8M | Not reported | No | 2.00x | 81% |
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 |
|---|---|---|---|---|
| BENCHMARK 2018-B2 Mortgage Trust | 45 | $7,663,171 | Sep 2026 | SEC filing, September 28, 2026 |
Other Birmingham loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Summit Birmingham | Birmingham, AL | Retail | $208.0M | 4.762% | Jan 2027 | 2.10x | 93% | Current |
| Southbridge Office Park | Birmingham, AL | Office | $16.8M | 4.39% | Apr 2027 | 1.35x | 67% | Current |
| Redmont Hotel Curio | Birmingham, AL | Hotel | $16.2M | 5.291% | Nov 2027 | 1.05x | 65% | Current |
| The Shoppes At Letson Farms | Bessemer, AL | Retail | $7.8M | 5.40% | Jan 2027 | n/a | n/a | Current |
| Center Point Shopping Center | Birmingham, AL | Retail | $4.4M | 4.52% | Oct 2027 | 1.96x | 93% | 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.