Retail · Columbus, Ohio
North West Square
North West Square is financed with a $14.0M CMBS loan at 4.93% that reaches maturity on May 6, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,044,753
- Original balance (same notes)
- $16,388,000
- Interest rate
- 4.93% fixed
- Originated
- April 11, 2018
- Maturity
- May 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- March 5, 2028
- Master servicer
- Midland
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6600-6700 Sawmill Road, Columbus, OH 43235
- Metro
- Columbus, OH
- Rentable area
- 112,862 sq ft
- Built
- 1984, renovated 1996
- Largest tenants
- Fresh Thyme Farmer':; TREK Retail Corporati; Patel Brothers Indian
- Value at securitization
- $23.4M (Mar 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.57x | 2.07x |
| Occupancy | 95% | 98% |
| Net operating income (annualized from 6 months) | $1.6M | $4.4M |
| Debt yield | 31.1% |
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 COMM 2018-COR3 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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 95% when the loan was securitized to 98%.
- Net operating income is 165% above the underwritten figure ($4.4M a year against $1.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.57x at securitization to 2.07x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.0M | Current | No | 2.07x | 98% |
| August 2026 | $14.1M | Current | No | 2.07x | 98% |
| July 2026 | $14.1M | Current | No | n/a | n/a |
| June 2026 | $14.1M | Current | No | n/a | n/a |
| May 2026 | $14.2M | Current | No | n/a | n/a |
| April 2026 | $14.2M | Current | No | 1.97x | 100% |
| March 2026 | $14.2M | Current | No | 1.97x | 100% |
| February 2026 | $14.2M | Current | No | 1.97x | 100% |
| January 2026 | $14.3M | Current | No | 1.98x | 100% |
| December 2025 | $14.3M | Current | No | 1.98x | 100% |
| November 2025 | $14.3M | Current | No | 2.03x | 100% |
| October 2025 | $14.4M | Current | No | 2.03x | 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 |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 19 | $14,044,753 | Sep 2026 | SEC filing, September 25, 2026 |
Other Columbus loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sun Center Plaza | Columbus, OH | Retail | $47.5M | 6.97% | Dec 2028 | 1.78x | 99% | Current |
| Carriage Place | Columbus, OH | Retail | $28.3M | 4.91% | Oct 2028 | 1.42x | 97% | Current |
| Alliance Data Systems | Columbus, OH | Office | $26.6M | 4.942% | Aug 2028 | n/a | n/a | Current |
| Fedex Distribution Center, Groveport | Groveport, OH | Industrial | $21.1M | 4.76% | Mar 2028 | 2.34x | 100% | Current |
| 445 Hutchinson | Columbus, OH | Office | $18.2M | 4.94% | Sep 2028 | 1.16x | 75% | Late, less than 30 days |
| Parkway Centre North | Grove City, OH | Retail | $15.8M | 4.701% | Jul 2028 | 2.03x | 100% | Current |
| One Mill Run | Hilliard, OH | Office | $13.6M | 5.269% | Mar 2028 | 0.88x | 56% | Current |
| Embassy Suites - Columbus OH | Columbus, OH | Hotel | $12.5M | 4.44% | Aug 2028 | 2.40x | 66% | Current |
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.