Office portfolio, 4 properties · Minnesota
Lafayette Park
Public CMBS trusts hold $38.0M of the loan on this portfolio at 4.722% that reaches maturity on October 5, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $38,000,000
- Original balance (same notes)
- $38,000,000
- Interest rate
- 4.722% fixed
- Originated
- September 27, 2018
- Maturity
- October 5, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 4, 2020
- Master servicer
- Trimont LLC
- Originator
- Natixis Real Estate Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Value at securitization
- $115.5M (Jul 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.31x | 5.82x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $8.3M | $10.6M |
| Debt yield | 28.0% |
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 2018-C14 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Net operating income is 28% above the underwritten figure ($10.6M a year against $8.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.31x at securitization to 5.82x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $38.0M | Current | No | 5.82x | 100% |
| August 2026 | $38.0M | Current | No | 5.40x | 100% |
| July 2026 | $38.0M | Current | No | 5.40x | 100% |
| June 2026 | $38.0M | Current | No | 5.40x | 100% |
| May 2026 | $38.0M | Current | No | 5.57x | 100% |
| April 2026 | $38.0M | Current | No | 5.57x | 100% |
| March 2026 | $38.0M | Current | No | 5.57x | 100% |
| February 2026 | $38.0M | Current | No | 5.51x | 100% |
| January 2026 | $38.0M | Current | No | 5.51x | 100% |
| December 2025 | $38.0M | Current | No | 5.51x | 100% |
| November 2025 | $38.0M | Current | No | 5.51x | 100% |
| October 2025 | $38.0M | Current | No | 5.51x | 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 |
|---|---|---|---|---|
| CSAIL 2018-C14 Commercial Mortgage Trust | 5 | $38,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Minnesota loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Park Place East | Minneapolis, MN | Office | $51.0M | 4.62% | Feb 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| MOA Hotel Leased Fee Portfolio | MN | Other | $43.3M | 5.128% | Jul 2028 | 2.72x | 100% | Current |
| Offices At Mall Of America | Bloomington, MN | Office | $38.8M | 5.136% | Sep 2028 | 1.56x | 89% | Current |
| 444 Lafayette | Saint Paul, MN | Office | $37.3M | 4.722% | Oct 2028 | n/a | n/a | Current |
| Southpoint Office Center | Bloomington, MN | Office | $32.7M | 4.305% | Feb 2028 | 1.41x | 58% | With the special servicer |
| Braemar Office Park | Edina, MN | Office | $19.1M | 4.384% | Jan 2028 | 1.92x | 88% | Current |
| Crystal Center | Crystal, MN | Retail | $19.1M | 4.90% | Aug 2028 | 2.56x | 97% | Current |
| 8800 Queen Avenue South | Bloomington, MN | Mixed use | $16.7M | 4.56% | Feb 2028 | 2.63x | 95% | 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.