Retail · Raleigh, North Carolina
Olive Park Shopping Center
Olive Park Shopping Center is financed with a $13.8M CMBS loan at 4.93% that reaches maturity on January 6, 2028, in 14 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,797,159
- Original balance (same notes)
- $15,850,000
- Interest rate
- 4.93% fixed
- Originated
- December 18, 2017
- Maturity
- January 6, 2028
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- October 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 9402, 9414 and 9424 Falls of Neuse Road, Raleigh, NC 27615
- Metro
- Raleigh-Cary, NC
- Rentable area
- 63,332 sq ft
- Built
- 2017
- Largest tenants
- Sprouts Farmers Market; Hallmark; Salon Lofts DBA Salon Lofts Group LLC
- Value at securitization
- $21.8M (Sep 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.29x | 1.25x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.3M | $1.3M |
| Debt yield | 9.3% |
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-B1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.8M | Current | No | 1.25x | 100% |
| August 2026 | $13.8M | Current | No | 1.25x | 100% |
| July 2026 | $13.8M | Current | No | 1.23x | 100% |
| June 2026 | $13.9M | Current | No | 1.23x | 100% |
| May 2026 | $13.9M | Current | No | 1.32x | 100% |
| April 2026 | $13.9M | Current | No | 1.32x | 100% |
| March 2026 | $14.0M | Current | No | 1.23x | 100% |
| February 2026 | $14.0M | Current | No | 1.23x | 100% |
| January 2026 | $14.0M | Current | No | 1.23x | 100% |
| December 2025 | $14.0M | Current | No | 1.23x | 100% |
| November 2025 | $14.1M | Current | No | 1.20x | 100% |
| October 2025 | $14.1M | Current | No | 1.20x | 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 |
|---|---|---|---|---|
| Benchmark 2018-B1 Mortgage Trust | 23 | $13,797,159 | Sep 2026 | SEC filing, October 1, 2026 |
Other Raleigh-Cary loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hilton Raleigh North Hills | Raleigh, NC | Hotel | $32.4M | 6.886% | Sep 2028 | 2.21x | 69% | Current |
| Aloft Hotel Raleigh | Raleigh, NC | Hotel | $18.8M | 4.98% | Apr 2028 | 1.96x | 65% | Current |
| Storage Max Rolesville | Rolesville, NC | Self storage | $5.5M | 5.00% | Apr 2028 | 2.59x | 88% | 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.