Mixed use · Cleveland, Ohio
Key Center Cleveland
Public CMBS trusts hold $157.3M of the loan on Key Center Cleveland at 5.31% that reaches maturity on February 6, 2027, in 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $157,283,563
- Original balance (same notes)
- $190,000,000
- Interest rate
- 5.31% fixed
- Originated
- January 31, 2017
- Maturity
- February 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- November 5, 2026
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred October 27, 2020
- Workout strategy
- TBD
- Modified
- Yes, most recently October 13, 2021
- Defeasance
- None reported
The property
- Address
- 127 Public Square, Cleveland, OH 44114
- Metro
- Cleveland, OH
- Rentable area
- 1,369,980 sq ft
- Built
- 1991, renovated 2015
- Largest tenants
- KEYBANK NATIONAL ASSOCIATION; BENESCH FRIEDL; Squire Patton Boggs (US) LLP
- Value at securitization
- $362.0M (Dec 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.70x | 1.84x |
| Occupancy | 93% | 89% |
| Net operating income (annualized from 6 months) | $27.0M | $29.6M |
| Debt yield | 18.8% |
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 JPMDB Commercial Mortgage Securities Trust 2017-C5 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- Matures within 12 months
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 93% when the loan was securitized to 89%.
- Net operating income is 10% above the underwritten figure ($29.6M a year against $27.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.70x at securitization to 1.84x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $157.3M | Late payment but less than 30 days delinquent | Yes | 1.84x | 89% |
| August 2026 | $158.0M | Late payment but less than 30 days delinquent | Yes | 1.61x | 90% |
| July 2026 | $158.1M | Late payment but less than 30 days delinquent | Yes | 1.61x | 90% |
| June 2026 | $158.5M | Current | Yes | 1.61x | 90% |
| May 2026 | $159.0M | Late payment but less than 30 days delinquent | Yes | 1.83x | 91% |
| April 2026 | $159.4M | Late payment but less than 30 days delinquent | Yes | 1.83x | 91% |
| March 2026 | $160.2M | Late payment but less than 30 days delinquent | Yes | 1.83x | 91% |
| February 2026 | $160.3M | Late payment but less than 30 days delinquent | Yes | 1.80x | 90% |
| January 2026 | $160.7M | Late payment but less than 30 days delinquent | Yes | 1.80x | 90% |
| December 2025 | $118.8M | Late payment but less than 30 days delinquent | Yes | 1.80x | 90% |
| November 2025 | $161.9M | Late payment but less than 30 days delinquent | Yes | 1.80x | 90% |
| October 2025 | $162.0M | Late payment but less than 30 days delinquent | Yes | 1.80x | 90% |
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.
Special-servicing history
- Transferred to the special servicer October 27, 2020, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
The loan is split into 5 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P7 | 3 | $41,366,888 | Sep 2026 | SEC filing, September 30, 2026 |
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 | 5 | $33,182,898 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2017-BNK4 | 10 | $33,093,510 | Sep 2026 | SEC filing, September 29, 2026 |
| JPMDB Commercial Mortgage Securities Trust 2017-C5 | 5 | $33,093,510 | Sep 2026 | SEC filing, September 28, 2026 |
| JPMDB Commercial Mortgage Securities Trust 2017-C5 | 5A | $16,546,756 | Sep 2026 | SEC filing, September 28, 2026 |
Other Cleveland loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Cleveland Center | Cleveland, OH | Office | $49.9M | 5.30% | Nov 2027 | 1.11x | 69% | With the special servicer |
| HBP Euclid | Euclid, OH | Industrial | $37.5M | 4.66% | Aug 2027 | n/a | n/a | Current |
| Key Center | Cleveland, OH | Office | $25.0M | 5.31% | Feb 2027 | 1.85x | 89% | With the special servicer and 30-59 days delinquent |
| Freedom Square II | Independence, OH | Office | $24.0M | 4.15% | Nov 2027 | n/a | n/a | Current |
| Flats East Bank Phase I | Cleveland, OH | Mixed use | $20.6M | 5.885% | Apr 2027 | 0.49x | 54% | With the special servicer |
| Crocker Block K & Detroit | Westlake, OH | Retail | $13.1M | 4.71% | Nov 2027 | n/a | n/a | Current |
| Northern Ohio Industrial Park | Elyria, OH | Industrial | $9.2M | 4.487% | Nov 2027 | 3.22x | 88% | Current |
| 118 Flats Oval | Cleveland, OH | Multifamily | $4.9M | 5.36% | Mar 2027 | 1.10x | 75% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 10, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.