Industrial · Indianapolis, Indiana
Lincoln Business Park
Lincoln Business Park is financed with a $5.6M CMBS loan at 4.55% that reaches maturity on April 1, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,618,188
- Original balance (same notes)
- $6,187,500
- Interest rate
- 4.55% fixed
- Originated
- March 21, 2018
- Maturity
- April 1, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- January 31, 2028
- Master servicer
- Trimont LLC
- Originator
- Societe Generale
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1341-1347 Sadlier Circle South, 1327-1441 Sadlier Circle West, 1352-1354 Sadlier Circle West, 1402-1430 Sadlier Circle West, 1322-1438 Sadlier Circle East, 1365-1367 Sadlier Way Circle, 1425 Sadlier C, Indianapolis, IN 46239
- Metro
- Indianapolis-Carmel-Greenwood, IN
- Rentable area
- 242,700 sq ft
- Built
- 1969
- Largest tenants
- Jitsu Inc.; Davis-Ulmer Sprinkler Company Inc. Grunau Fire Pr; Indy Hoods LLC
- Value at securitization
- $9.2M (Jan 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.86x | 2.85x |
| Occupancy | 92% | 97% |
| Net operating income (annualized from 6 months) | $1.1M | $1.1M |
| Debt yield | 19.3% |
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 UBS Commercial Mortgage Trust 2018-C10 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
- Occupancy has risen from 92% when the loan was securitized to 97%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.6M | Current | No | 2.85x | 97% |
| August 2026 | $5.6M | Current | No | 2.78x | 71% |
| July 2026 | $5.6M | Current | No | 2.78x | 71% |
| June 2026 | $5.6M | Current | No | 2.78x | 71% |
| May 2026 | $5.7M | Current | No | 2.78x | 71% |
| April 2026 | $5.7M | Current | No | 3.39x | 75% |
| March 2026 | $5.7M | Current | No | 3.39x | 75% |
| February 2026 | $5.7M | Current | No | 3.47x | 83% |
| January 2026 | $5.7M | Current | No | 3.47x | 83% |
| December 2025 | $5.7M | Current | No | 3.47x | 83% |
| November 2025 | $5.7M | Current | No | 3.47x | 83% |
| October 2025 | $5.7M | Current | No | 3.40x | 82% |
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C10 | 34 | $5,618,188 | Sep 2026 | SEC filing, September 28, 2026 |
Other Indianapolis-Carmel-Greenwood loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Meridian Plaza | Carmel, IN | Office | $31.5M | 7.67% | Jun 2028 | 1.72x | 74% | Current |
| Castleton Commons and Square | Indianapolis, IN | Retail | $30.8M | 5.605% | Nov 2028 | 1.04x | 76% | With the special servicer and 90+ days delinquent |
| Meridian at North | Indianapolis, IN | Office | $23.9M | 5.076% | Sep 2028 | 0.59x | 65% | Current |
| Villa Del Sol Apartments | Indianapolis, IN | Multifamily | $22.7M | 4.56% | Apr 2028 | 2.96x | 100% | Current |
| Franklin Road Distribution Center | Indianapolis, IN | Industrial | $18.5M | 5.486% | Dec 2028 | 2.07x | 84% | Current |
| Embassy Suites Indianapolis North | Indianapolis, IN | Hotel | $18.1M | 5.30% | Mar 2028 | 0.15x | 73% | Current |
| GRM Indianapolis | Indianapolis, IN | Industrial | $17.0M | 6.26% | May 2028 | 2.01x | 100% | Current |
| Lakeside Pointe At Nora | Indianapolis, IN | Multifamily | $15.2M | 5.98% | Nov 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All Indianapolis-Carmel-Greenwood loans
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.