Retail · Aurora, Ohio
Marketplace at Four Corners Phase II
Marketplace at Four Corners Phase II is financed with a $9.8M CMBS loan at 5.418% that reaches maturity on March 6, 2028, in 16 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,836,067
- Original balance (same notes)
- $10,900,000
- Interest rate
- 5.418% fixed
- Originated
- March 5, 2018
- Maturity
- March 6, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- January 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7555-7705 Market Place Drive, Aurora, OH 44202
- Metro
- Akron, OH
- Rentable area
- 116,436 sq ft
- Built
- 2004, renovated 2016
- Largest tenants
- Dick's Sporting Goods; Gabriel Brothers; Barnes & Noble
- Value at securitization
- $16.3M (Jan 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 0.95x |
| Occupancy | 93% | 84% |
| Net operating income | $1.1M | $701K |
| Debt yield | 7.1% |
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 2018-C44 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 93% when the loan was securitized to 84%.
- Net operating income is 39% below the underwritten figure ($701K a year against $1.1M).
- Debt service coverage moved from 1.56x at securitization to 0.95x on the latest statements.
- At 0.95x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.8M | Current | No | 0.95x | 84% |
| August 2026 | $9.9M | Current | No | 0.95x | 84% |
| July 2026 | $9.9M | Current | No | 0.95x | 84% |
| June 2026 | $9.9M | Current | No | 0.95x | 84% |
| May 2026 | $9.9M | Current | No | 0.95x | 84% |
| April 2026 | $9.9M | Current | No | 0.95x | 84% |
| March 2026 | $9.9M | Current | No | 0.72x | 100% |
| February 2026 | $9.9M | Current | No | 0.72x | 100% |
| January 2026 | $10.0M | Current | No | 0.72x | 100% |
| December 2025 | $10.0M | Current | No | 0.72x | 100% |
| November 2025 | $10.0M | Current | No | 0.72x | 100% |
| October 2025 | $10.0M | Current | No | 0.72x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C44 | 26 | $9,836,067 | Sep 2026 | SEC filing, September 29, 2026 |
Other Akron loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Signet Jewelers Expansion | Akron, OH | Office | $17.3M | 4.69% | Jan 2028 | n/a | n/a | Current |
| Continental ContiTech | Fairlawn, OH | Office | $13.9M | 4.95% | Apr 2028 | 1.81x | 100% | Late, less than 30 days |
| 345 Flats | Kent, OH | Multifamily | $12.3M | 5.191% | Dec 2028 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| All Seasons Mobile Home Park | Deerfield, OH | Manufactured housing | $5.4M | 5.84% | Feb 2028 | 1.61x | 98% | 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.