Office · Durham, North Carolina
Keystone 200 & 300
Keystone 200 & 300 is financed with a $16.6M CMBS loan at 4.94% that reaches its anticipated repayment date on March 6, 2027, in 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $16,640,400
- Original balance (same notes)
- $20,000,000
- Interest rate
- 4.94% fixed
- Originated
- March 6, 2017
- Maturity
- March 6, 2027
- Anticipated repayment date
- March 6, 2027 (the rate steps up if the loan is not repaid by then)
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Benefit Street Partners CRE Finaance LLC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 430 & 530 Davis Drive, Durham, NC 27713
- Metro
- Durham-Chapel Hill, NC
- Rentable area
- 152,563 sq ft
- Largest tenants
- National Institutes; K&L Gates LLP; Kymanox Corporation
- Value at securitization
- $21.3M (Feb 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.08x |
| Occupancy | 89% | 69% |
| Net operating income (annualized from 6 months) | n/a | $2.7M |
| Debt yield | 16.1% |
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 CSAIL 2017-CX9 Commercial 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
- 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 fallen from 89% when the loan was securitized to 69%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.6M | Not reported | No | 2.08x | 69% |
| August 2026 | $16.7M | Not reported | No | 2.18x | 68% |
| July 2026 | $16.7M | Not reported | No | 2.18x | 68% |
| June 2026 | $16.7M | Not reported | No | 2.18x | 68% |
| May 2026 | $16.8M | Not reported | No | 2.40x | 68% |
| April 2026 | $16.8M | Not reported | No | 2.40x | 76% |
| March 2026 | $16.9M | Not reported | No | 2.40x | 76% |
| February 2026 | $16.9M | Not reported | No | 2.40x | 76% |
| January 2026 | $16.9M | Not reported | No | 2.40x | 76% |
| December 2025 | $17.0M | Not reported | No | 2.41x | 76% |
| November 2025 | $17.0M | Not reported | No | 2.43x | 44% |
| October 2025 | $17.0M | Not reported | No | 2.43x | 44% |
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 |
|---|---|---|---|---|
| CSAIL 2017-CX9 Commercial Mortgage Trust | 19 | $16,640,400 | Sep 2026 | SEC filing, September 28, 2026 |
Other Durham-Chapel Hill loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fedex Ground - Durham | Durham, NC | Industrial | $22.5M | 4.07% | Aug 2027 | 2.93x | 100% | Current |
| Hilton Durham Near Duke University | Durham, NC | Hotel | $13.7M | 5.023% | Feb 2027 | 1.61x | 68% | Current |
| Southpointe Center | Durham, NC | Retail | $3.2M | 5.08% | Nov 2027 | n/a | n/a | 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.