Retail · Marco Island, Florida
Island Plaza Shopping Center
Island Plaza Shopping Center is financed with a $17.0M CMBS loan at 6.80% that reaches maturity on December 6, 2035, in 9 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $17,000,000
- Original balance (same notes)
- $17,000,000
- Interest rate
- 6.80% fixed
- Originated
- December 5, 2025
- Maturity
- December 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2035
- Master servicer
- Midland
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 664 Bald Eagle Drive, Marco Island, FL 34145
- Rentable area
- 70,503 sq ft
- Built
- 1980, renovated 2005
- Largest tenants
- Bealls Outlet Stores; CVS; Carvelli Restaurant Group
- Value at securitization
- $28.6M (Oct 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.37x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $1.6M | n/a |
Watch flags
Computed from the Benchmark 2026-B42 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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
- The filing gives Apr 2028 as the lease end date for the largest tenant (Bealls Outlet Stores), before the loan matures. Lenders look hard at that rollover.
The last 7 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.0M | Current | No | n/a | n/a |
| August 2026 | $17.0M | Current | No | n/a | n/a |
| July 2026 | $17.0M | Current | No | n/a | n/a |
| June 2026 | $17.0M | Current | No | n/a | n/a |
| May 2026 | $17.0M | Current | No | n/a | n/a |
| April 2026 | $17.0M | Current | No | n/a | n/a |
| March 2026 | $17.0M | Current | No | n/a | n/a |
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 2026-B42 Mortgage Trust | 15 | $17,000,000 | Sep 2026 | SEC filing, October 1, 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.