Mixed use · Miramar, Florida
Miramar Town Center
Miramar Town Center is financed with a $16.2M CMBS loan at 4.497% that reaches maturity on December 6, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $16,183,616
- Original balance (same notes)
- $17,250,000
- Interest rate
- 4.497% fixed
- Originated
- November 21, 2017
- Maturity
- December 6, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- October 5, 2027
- Master servicer
- Midland
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11645 Red Road 2401-2403 Main Street; 11606-11611 City Hall Prom., Miramar, FL 33025
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 153,569 sq ft
- Built
- 2008
- Largest tenants
- Fitness International, LLC; General Services Adm; ABA Cares of Florida LLC
- Value at securitization
- $25.1M (Aug 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.06x | 1.58x |
| Occupancy | 86% | 99% |
| Net operating income (annualized from 6 months) | $2.2M | $3.3M |
| Debt yield | 20.6% |
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 COMM 2018-COR3 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Coverage down 0.25x or more from securitization
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 86% when the loan was securitized to 99%.
- Net operating income is 55% above the underwritten figure ($3.3M a year against $2.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.06x at securitization to 1.58x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.2M | Current | No | 1.58x | 99% |
| August 2026 | $16.2M | Current | No | n/a | n/a |
| July 2026 | $16.2M | Current | No | n/a | n/a |
| June 2026 | $16.3M | Current | No | n/a | n/a |
| May 2026 | $16.3M | Current | No | n/a | n/a |
| April 2026 | $16.3M | Current | No | 0.45x | 98% |
| March 2026 | $16.3M | Current | No | 0.45x | 98% |
| February 2026 | $16.4M | Current | No | 0.08x | 98% |
| January 2026 | $16.4M | Current | No | 0.08x | 98% |
| December 2025 | $16.4M | Current | No | 0.08x | 98% |
| November 2025 | $16.4M | Current | No | 0.09x | 98% |
| October 2025 | $16.5M | Current | No | 0.09x | 98% |
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 |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 18 | $16,183,616 | Sep 2026 | SEC filing, September 25, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Holiday Inn Miami Beach | Miami Beach, FL | Hotel | $26.0M | 4.44% | Mar 2027 | 2.41x | 76% | Current |
| Royal Oaks Plaza | Miami Lakes, FL | Retail | $24.6M | 4.606% | Feb 2027 | 2.32x | 92% | Current |
| Brickell Heights | Miami, FL | Retail | $21.0M | 4.476% | Aug 2027 | n/a | n/a | Current |
| Wellington Marketplace | Wellington, FL | Retail | $20.2M | 5.12% | Apr 2027 | 1.86x | 100% | Current |
| Crystal Corporate Center | Boca Raton, FL | Office | $19.3M | 4.97% | Jul 2027 | 2.12x | 98% | Current |
| The Strand on Ocean Drive | Miami Beach, FL | Retail | $18.7M | 5.17% | Mar 2027 | 1.38x | 100% | Current |
| Victoria Park Shoppes | Fort Lauderdale, FL | Retail | $16.7M | 4.82% | Jul 2027 | 1.33x | 98% | Current |
| Towneplace Suites - Boynton Beach | Boynton Beach, FL | Hotel | $13.4M | 5.10% | May 2027 | 2.68x | 83% | Current |
All loans maturing in 2027 · All Miami-Fort Lauderdale-West Palm Beach loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.