Retail · Lubbock, Texas
Northtown Plaza
Northtown Plaza is financed with a $6.0M CMBS loan at 4.609% 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
- $5,996,322
- Original balance (same notes)
- $6,383,000
- Interest rate
- 4.609% fixed
- Originated
- December 5, 2017
- Maturity
- December 6, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- August 5, 2027
- Master servicer
- Midland Loan Services
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 104, 106 & 112 N. University Avenue, Lubbock, TX 79415
- Metro
- Lubbock, TX
- Rentable area
- 73,633 sq ft
- Built
- 1995
- Largest tenants
- United Supermarkets LL; Dollar Tree Stores, Inc.; Family Dollar Stores of
- Value at securitization
- $10.9M (Nov 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.16x | 1.72x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $644K | $1.4M |
| Debt yield | 22.8% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 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
- Net operating income is 112% above the underwritten figure ($1.4M a year against $644K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.16x at securitization to 1.72x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.0M | Current | No | 1.72x | 100% |
| August 2026 | $6.0M | Current | No | n/a | n/a |
| July 2026 | $6.0M | Current | No | n/a | n/a |
| June 2026 | $6.0M | Current | No | n/a | n/a |
| May 2026 | $6.0M | Current | No | n/a | n/a |
| April 2026 | $6.0M | Current | No | 1.71x | 100% |
| March 2026 | $6.1M | Current | No | 1.74x | 100% |
| February 2026 | $6.1M | Current | No | 1.74x | 100% |
| January 2026 | $6.1M | Current | No | 1.74x | 100% |
| December 2025 | $6.1M | Current | No | 1.74x | 100% |
| November 2025 | $6.1M | Current | No | 1.79x | 100% |
| October 2025 | $6.1M | Current | No | 1.79x | 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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 | 42 | $5,996,322 | Sep 2026 | SEC filing, September 25, 2026 |
Other Lubbock loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Promenade at West End Phase II | Lubbock, TX | Retail | $18.8M | 4.726% | Oct 2027 | 1.11x | 82% | Current |
| Boston Creek Apartments | Lubbock, TX | Multifamily | $16.3M | 4.983% | Jan 2027 | 0.78x | 89% | With the special servicer and 90+ days delinquent |
| Lakeridge Commons | Lubbock, TX | Retail | $5.0M | 4.47% | Sep 2027 | 1.45x | 92% | Current |
| West Wind Shopping Center | Lubbock, TX | Retail | $4.3M | 4.76% | Feb 2027 | 3.61x | 97% | 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.