Retail portfolio, 9 properties · Multiple locations
NY & CT NNN Portfolio
This portfolio is financed with a $57.4M CMBS loan at 4.98% that reaches maturity on August 6, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $57,375,000
- Original balance (same notes)
- $57,375,000
- Interest rate
- 4.98% fixed
- Originated
- July 10, 2018
- Maturity
- August 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred December 23, 2019, returned April 29, 2022
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Value at securitization
- $93.7M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.64x | 1.46x |
| Occupancy | 100% | 100% |
| Net operating income | $4.8M | $4.2M |
| Debt yield | 7.3% |
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 Benchmark 2018-B5 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Net operating income is 11% below the underwritten figure ($4.2M a year against $4.8M).
- Debt service coverage moved from 1.64x at securitization to 1.46x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $57.4M | Current | No | 1.46x | 100% |
| August 2026 | $57.4M | Current | No | 1.46x | 100% |
| July 2026 | $57.4M | Current | No | 1.46x | 100% |
| June 2026 | $57.4M | Current | No | 1.46x | 100% |
| May 2026 | $57.4M | Current | No | 1.46x | 100% |
| April 2026 | $57.4M | Current | No | 1.46x | 100% |
| March 2026 | $57.4M | Current | No | 1.46x | 100% |
| February 2026 | $57.4M | Current | No | 1.45x | 100% |
| January 2026 | $57.4M | Current | No | 1.45x | 100% |
| December 2025 | $57.4M | Current | No | 1.45x | 100% |
| November 2025 | $57.4M | Current | No | 1.45x | 100% |
| October 2025 | $57.4M | Current | No | 1.45x | 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.
Special-servicing history
- Transferred to the special servicer December 23, 2019, returned to the master servicer April 29, 2022.
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2018-B5 Mortgage Trust | 2 | $57,375,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other retail loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Aventura Mall | Aventura, FL | Retail | $900.0M | 4.121% | Jul 2028 | n/a | n/a | Current |
| Tysons Corner Center | McLean, VA | Retail | $269.8M | 6.601% | Dec 2028 | 1.93x | 86% | Current |
| Christiana Mall | Newark, DE | Retail | $265.7M | 4.277% | Aug 2028 | 1.75x | 97% | Current |
| Westfarms | West Hartford, CT | Retail | $242.0M | 7.795% | Sep 2028 | 1.95x | 92% | Current |
| Saint Louis Galleria | Saint Louis, MO | Retail | $229.0M | 4.997% | Nov 2028 | n/a | n/a | With the special servicer |
| Scottsdale Fashion Square | Scottsdale, AZ | Retail | $200.0M | 6.214% | Mar 2028 | 2.08x | n/a | Current |
| Cumberland Mall | Atlanta, GA | Retail | $180.0M | 7.87% | May 2028 | 1.68x | 98% | Current |
| Twelve Oaks Mall | Novi, MI | Retail | $170.2M | 4.399% | Mar 2028 | 2.43x | 86% | 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.