Retail · Cranston, Rhode Island
Independence Park
Independence Park is financed with a $11.6M CMBS loan at 4.545% that reaches maturity on August 6, 2027, in 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,620,000
- Original balance (same notes)
- $11,620,000
- Interest rate
- 4.545% fixed
- Originated
- August 2, 2017
- Maturity
- August 6, 2027
- Payments
- Interest only for the full term
- Prepayment premium ends
- March 5, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1776, 1804, 1808, 1810, & 1820 Plainfield Pike, Cranston, RI 02921
- Metro
- Providence-Warwick, RI-MA
- Rentable area
- 233,016 sq ft
- Built
- 1993, renovated 2011
- Largest tenants
- Wal-Mart; Ollie's Bargain Outlet; Planet Fitness
- Value at securitization
- $17.5M (Jun 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.12x | 1.88x |
| Occupancy | 96% | 100% |
| Net operating income (annualized from 3 months) | $1.1M | $1.0M |
| Debt yield | 8.6% |
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 CD 2017-CD6 Mortgage Trust filing for the reporting period ending September 9, 2026, filed with the SEC September 25, 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 risen from 96% when the loan was securitized to 100%.
- Net operating income is 11% below the underwritten figure ($1.0M a year against $1.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.12x at securitization to 1.88x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.6M | Current | No | 1.88x | 100% |
| August 2026 | $11.6M | Current | No | 1.88x | 100% |
| July 2026 | $11.6M | Current | No | 1.88x | 100% |
| June 2026 | $11.6M | Current | No | 1.88x | 100% |
| May 2026 | $11.6M | Current | No | 1.77x | 100% |
| April 2026 | $11.6M | Current | No | 1.77x | 100% |
| March 2026 | $11.6M | Current | No | 1.56x | 88% |
| February 2026 | $11.6M | Current | No | 1.56x | 88% |
| January 2026 | $11.6M | Current | No | 1.56x | 88% |
| December 2025 | $11.6M | Current | No | 1.56x | 88% |
| November 2025 | $11.6M | Current | No | 1.56x | 88% |
| October 2025 | $11.6M | Current | No | 1.35x | 88% |
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 |
|---|---|---|---|---|
| CD 2017-CD6 Mortgage Trust | 33 | $11,620,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Providence-Warwick loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Warwick Mall | Warwick, RI | Retail | $70.1M | 4.445% | Oct 2027 | 1.97x | 97% | Current |
| Cvs - Tiverton | Tiverton, RI | Retail | $5.4M | 4.86% | Dec 2027 | 1.27x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 9, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.