Retail · Apple Valley, Minnesota
LA Fitness Apple Valley
LA Fitness Apple Valley is financed with a $7.6M CMBS loan at 4.55% that reaches maturity on September 6, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,580,262
- Original balance (same notes)
- $9,100,000
- Interest rate
- 4.55% fixed
- Originated
- August 31, 2017
- Maturity
- September 6, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- June 5, 2020
- Prepayment premium ends
- June 5, 2027 (yield maintenance)
- Master servicer
- Midland
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 15135 Galaxie Avenue, Apple Valley, MN 55124
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Rentable area
- 45,050 sq ft
- Built
- 2007
- Largest tenants
- LA Fitness
- Value at securitization
- $13.2M (Jul 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.47x | 1.59x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $820K | $1.8M |
| Debt yield | 23.6% |
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 COMM 2018-COR3 Mortgage Trust filing for the reporting period ending September 8, 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
- Net operating income is 118% above the underwritten figure ($1.8M a year against $820K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.47x at securitization to 1.59x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.6M | Current | No | 1.59x | 100% |
| August 2026 | $7.6M | Current | No | n/a | n/a |
| July 2026 | $7.6M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| June 2026 | $7.6M | Current | No | n/a | n/a |
| May 2026 | $7.6M | Current | No | n/a | n/a |
| April 2026 | $7.7M | Current | No | 1.57x | 100% |
| March 2026 | $7.7M | Current | No | 1.57x | 100% |
| February 2026 | $7.7M | Current | No | 1.57x | 100% |
| January 2026 | $7.7M | Current | No | 1.57x | 100% |
| December 2025 | $7.7M | Current | No | 1.57x | 100% |
| November 2025 | $7.7M | Current | No | n/a | n/a |
| October 2025 | $7.8M | 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 |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 31 | $7,580,262 | Sep 2026 | SEC filing, September 25, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cabela's (Rogers) | Rogers, MN | Retail | $44.8M | 4.379% | Oct 2027 | n/a | n/a | Current |
| Marriott Minneapolis Northwest | Brooklyn Park, MN | Hotel | $18.2M | 4.93% | Mar 2027 | 2.09x | 61% | Current |
| 1301 University Avenue | Minneapolis, MN | Multifamily | $13.9M | 4.972% | Aug 2027 | 1.25x | 100% | Current |
| Uptown Row | Minneapolis, MN | Mixed use | $9.5M | 5.008% | Jan 2027 | 0.81x | 84% | Current |
| Quadrant Office | Brooklyn Park, MN | Office | $6.4M | 4.694% | Nov 2027 | 2.95x | 93% | Current |
| Cash Wise Center | St. Cloud, MN | Retail | $6.1M | 4.643% | Oct 2027 | 1.73x | 100% | Current |
All loans maturing in 2027 · All Minneapolis-St. Paul-Bloomington loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.