Office portfolio, 10 properties · North Carolina
Meridian Corporate Center
Public CMBS trusts hold $71.8M of the loan on this portfolio at 4.575% 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 with the special servicer.
The loan
- Balance in tracked trusts
- $71,751,320
- Original balance (same notes)
- $102,281,320
- Interest rate
- 4.575% fixed
- Originated
- March 20, 2018
- Maturity
- April 1, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- May 31, 2020
- Prepayment premium ends
- December 31, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred September 5, 2024
- Workout strategy
- Modification
- Modified
- Yes, most recently July 24, 2026
- Defeasance
- Partly defeased
The property
- Value at securitization
- $108.3M (Feb 2018)
Performance
| At securitization | Latest (Jun 2024) | |
|---|---|---|
| DSCR (NOI) | 1.80x | 1.37x |
| Occupancy | 91% | 67% |
| Net operating income (annualized from 6 months) | $8.4M | $6.4M |
| Debt yield | 8.9% |
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 JPMDB Commercial Mortgage Securities Trust 2018-C8 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Modified
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 91% when the loan was securitized to 67%.
- Net operating income is 24% below the underwritten figure ($6.4M a year against $8.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.80x at securitization to 1.37x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $71.8M | 30-59 days delinquent | Yes | 1.37x | 67% |
| August 2026 | $72.3M | 90+ days delinquent | Yes | 1.37x | 67% |
| July 2026 | $72.3M | 90+ days delinquent | Yes | 1.37x | 67% |
| June 2026 | $72.3M | 90+ days delinquent | Yes | 1.37x | 67% |
| May 2026 | $72.3M | 60-89 days delinquent | Yes | 1.37x | 67% |
| April 2026 | $72.3M | 30-59 days delinquent | Yes | 1.37x | 67% |
| March 2026 | $72.6M | 90+ days delinquent | Yes | 1.37x | 67% |
| February 2026 | $72.6M | 60-89 days delinquent | Yes | 1.37x | 67% |
| January 2026 | $72.6M | 30-59 days delinquent | Yes | 1.37x | 67% |
| December 2025 | $72.6M | Late payment but less than 30 days delinquent | Yes | 1.37x | 67% |
| November 2025 | $73.1M | 90+ days delinquent | Yes | 1.37x | 67% |
| October 2025 | $73.1M | 90+ days delinquent | Yes | 1.37x | 67% |
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.
Special-servicing history
- Transferred to the special servicer September 5, 2024, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2018-B4 Mortgage Trust | 8 | $27,273,276 | Sep 2026 | SEC filing, October 1, 2026 |
| JPMDB Commercial Mortgage Securities Trust 2018-C8 | 9 | $17,901,724 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2018-B4 Mortgage Trust | 8A | $16,044,788 | Sep 2026 | SEC filing, October 1, 2026 |
| JPMDB Commercial Mortgage Securities Trust 2018-C8 | 9A | $10,531,531 | Sep 2026 | SEC filing, September 28, 2026 |
Other North Carolina loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Overlook at Ballantyne | Charlotte, NC | Office | $94.0M | 7.387% | Jun 2028 | 1.49x | 99% | Current |
| Cambridge Corporate Center | Charlotte, NC | Office | $42.0M | 5.49% | Nov 2028 | 0.77x | 59% | With the special servicer and 30-59 days delinquent |
| Hilton Raleigh North Hills | Raleigh, NC | Hotel | $32.4M | 6.886% | Sep 2028 | 2.21x | 69% | Current |
| 300 North Greene | Greensboro, NC | Office | $29.4M | 5.771% | Dec 2028 | 0.48x | 64% | With the special servicer and 90+ days delinquent |
| Center Point on Hamilton | High Point, NC | Mixed use | $29.3M | 6.50% | Feb 2028 | n/a | n/a | Current |
| 107 Tom Starling Road | Fayetteville, NC | Office | $26.0M | 7.75% | Jul 2028 | 1.95x | 100% | Current |
| Addison Ridge Apartments - Phase II | Fayetteville, NC | Multifamily | $23.5M | 5.36% | Jun 2028 | 1.62x | 90% | Current |
| Kimpton Cardinal Hotel Winston-Salem | Winston Salem, NC | Hotel | $21.9M | 5.475% | Oct 2028 | 3.77x | 66% | 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.