Self storage · Kalaheo, Hawaii
Lawai Cannery Self-Storage
Lawai Cannery Self-Storage is financed with a $6.5M CMBS loan at 4.49% that reaches maturity on April 1, 2027, in 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,500,000
- Original balance (same notes)
- $6,500,000
- Interest rate
- 4.49% fixed
- Originated
- March 6, 2017
- Maturity
- April 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 30, 2022
- Master servicer
- Trimont LLC
- Originator
- SG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 3470 Lauoho Road, Kalaheo, HI 96741
- Units, rooms or beds
- 704
- Built
- 1926, renovated 2005
- Value at securitization
- $17.0M (Dec 2016)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 3.76x | 2.52x |
| Occupancy | 87% | 79% |
| Net operating income (annualized from 9 months) | $1.1M | $748K |
| Debt yield | 11.5% |
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 Wells Fargo Commercial Mortgage Trust 2017-RB1 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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 87% when the loan was securitized to 79%.
- Net operating income is 33% below the underwritten figure ($748K a year against $1.1M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 3.76x at securitization to 2.52x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.5M | Current | No | 2.52x | 79% |
| August 2026 | $6.5M | Current | No | 2.52x | 79% |
| July 2026 | $6.5M | Current | No | 2.52x | 79% |
| June 2026 | $6.5M | Current | No | 2.52x | 79% |
| May 2026 | $6.5M | Current | No | 2.52x | 79% |
| April 2026 | $6.5M | Current | No | 2.52x | 79% |
| March 2026 | $6.5M | Current | No | 2.52x | 79% |
| February 2026 | $6.5M | Current | No | 2.52x | 79% |
| January 2026 | $6.5M | Current | No | 2.52x | 79% |
| December 2025 | $6.5M | Current | No | 3.33x | 81% |
| November 2025 | $6.5M | Current | No | 3.33x | 81% |
| October 2025 | $6.5M | Current | No | 3.33x | 81% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-RB1 | 29 | $6,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Hawaii loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Piilani Village | Kihei, HI | Retail | $37.5M | 4.30% | Aug 2027 | 2.30x | 88% | Current |
| Courtyard Marriott- King Kamehameha | Kailua-Kona, HI | Hotel | $33.9M | 4.81% | Feb 2027 | 5.40x | 74% | Current |
| Fairway Shops | Ka'anapali, HI | Retail | $8.0M | 4.08% | Aug 2027 | 3.33x | 93% | 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.