Office · Memphis, Tennessee
International Paper Global Hq
International Paper Global Hq is financed with a $35.5M CMBS loan at 4.74% that reaches maturity on January 11, 2027, in 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $35,456,640
- Original balance (same notes)
- $38,350,000
- Interest rate
- 4.74% fixed
- Originated
- December 12, 2016
- Maturity
- January 11, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- March 13, 2019
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 6420 Poplar Avenue, Memphis, TN 38119
- Metro
- Memphis, TN-MS-AR
- Rentable area
- 214,060 sq ft
- Built
- 2002
- Largest tenants
- International Paper
- Value at securitization
- $58.3M (Oct 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.74x | 1.99x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $4.2M | $4.8M |
| Debt yield | 13.6% |
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 Wells Fargo Commercial Mortgage Trust 2017-RC1 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Matures within 12 months
- Largest tenant's lease ends 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
- Net operating income is 16% above the underwritten figure ($4.8M a year against $4.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.74x at securitization to 1.99x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $35.5M | Current | No | 1.99x | 100% |
| August 2026 | $35.5M | Current | No | 1.99x | 100% |
| July 2026 | $35.6M | Current | No | 1.99x | 100% |
| June 2026 | $35.6M | Current | No | 2.04x | 100% |
| May 2026 | $35.7M | Current | No | 2.04x | 100% |
| April 2026 | $35.7M | Current | No | 2.04x | 100% |
| March 2026 | $35.8M | Current | No | 2.04x | 100% |
| February 2026 | $35.9M | Current | No | 1.94x | 100% |
| January 2026 | $50.0M | Current | No | 3.95x | 96% |
| December 2025 | $36.0M | Current | No | 1.93x | 100% |
| November 2025 | $36.0M | Current | No | 1.93x | 100% |
| October 2025 | $36.1M | Current | No | 1.93x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-RC1 | 3 | $35,456,640 | Sep 2026 | SEC filing, September 29, 2026 |
Other Memphis loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Frayser Village | Memphis, TN | Retail | $10.7M | 4.185% | Feb 2027 | n/a | n/a | Current |
| Hgi Memphis Wolfchase Galleria | Cordova, TN | Hotel | $10.5M | 4.76% | Jul 2027 | 1.49x | 76% | 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.