Retail · Fort Myers, Florida
Market Square
Market Square is financed with a $7.7M CMBS loan at 5.36% that reaches maturity on November 6, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,721,295
- Original balance (same notes)
- $8,812,000
- Interest rate
- 5.36% fixed
- Originated
- October 22, 2018
- Maturity
- November 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 5, 2028
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 13741 South Tamiami Trail, Fort Myers, FL 33912
- Metro
- Cape Coral-Fort Myers, FL
- Rentable area
- 65,688 sq ft
- Built
- 2004
- Largest tenants
- Michaels Stores Inc.; Cost Plus Inc.; PETCO ANIMAL SUPPLIES
- Value at securitization
- $13.5M (Jul 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.42x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $849K |
| Debt yield | 11.0% |
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 Benchmark 2018-B7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Largest tenant's lease ends 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
- The filing gives Feb 2027 as the lease end date for the largest tenant (Michaels Stores Inc.), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.7M | Not reported | No | 1.42x | 100% |
| August 2026 | $7.7M | Not reported | No | 1.42x | 100% |
| July 2026 | $7.7M | Not reported | No | 1.50x | 100% |
| June 2026 | $7.8M | Not reported | No | 1.50x | 100% |
| May 2026 | $7.8M | Not reported | No | 1.50x | 100% |
| April 2026 | $7.8M | Not reported | No | 1.50x | 100% |
| March 2026 | $7.8M | Not reported | No | 1.54x | 100% |
| February 2026 | $7.8M | Not reported | No | 1.43x | 100% |
| January 2026 | $7.8M | Not reported | No | 1.43x | 100% |
| December 2025 | $7.8M | Not reported | No | 1.43x | 100% |
| November 2025 | $7.9M | Not reported | No | 1.43x | 100% |
| October 2025 | $7.9M | Not reported | No | 1.43x | 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 |
|---|---|---|---|---|
| Benchmark 2018-B7 Mortgage Trust | 38 | $7,721,295 | Sep 2026 | SEC filing, October 1, 2026 |
Other Cape Coral-Fort Myers loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Coral Walk | Cape Coral, FL | Retail | $20.3M | 7.26% | Dec 2028 | 1.47x | 95% | Current |
All loans maturing in 2028 · All Cape Coral-Fort Myers 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.