Office · Cleveland, Ohio
One Cleveland Center
Public CMBS trusts hold $49.9M of the loan on One Cleveland Center at 5.30% that reaches maturity on November 6, 2027, in 12 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $49,873,486
- Original balance (same notes)
- $57,000,000
- Interest rate
- 5.30% fixed
- Originated
- November 13, 2017
- Maturity
- November 6, 2027
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- May 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred September 24, 2025
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 1375 East 9th Street, Cleveland, OH 44114
- Metro
- Cleveland, OH
- Rentable area
- 544,245 sq ft
- Built
- 1983, renovated 2010
- Largest tenants
- Baker & Hostetler LLP; Bellwether ENT RE Capital LLC; Cleveland Metropolitan Bar
- Value at securitization
- $91.7M (Aug 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.66x | 1.11x |
| Occupancy | 91% | 69% |
| Net operating income (annualized from 3 months) | $6.3M | $4.3M |
| Debt yield | 8.6% |
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 Wells Fargo Commercial Mortgage Trust 2017-C42 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 fallen from 91% when the loan was securitized to 69%.
- Net operating income is 32% below the underwritten figure ($4.3M a year against $6.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.66x at securitization to 1.11x on the latest statements.
- The filing gives Nov 2026 as the lease end date for the largest tenant (Baker & Hostetler LLP), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $49.9M | Current | Yes | 1.11x | 69% |
| August 2026 | $50.0M | Current | Yes | 1.11x | 69% |
| July 2026 | $50.1M | Current | Yes | 1.21x | 73% |
| June 2026 | $50.2M | Late payment but less than 30 days delinquent | Yes | 1.21x | 73% |
| May 2026 | $50.3M | Late payment but less than 30 days delinquent | Yes | 1.21x | 73% |
| April 2026 | $50.3M | Current | Yes | 1.28x | 73% |
| March 2026 | $50.4M | Current | Yes | 1.28x | 73% |
| February 2026 | $50.5M | Current | Yes | 1.28x | 73% |
| January 2026 | $50.7M | Late payment but less than 30 days delinquent | Yes | 1.33x | 80% |
| December 2025 | $50.7M | Current | Yes | 1.33x | 80% |
| November 2025 | $50.8M | Current | Yes | 1.33x | 80% |
| October 2025 | $50.9M | Current | Yes | 1.33x | 80% |
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 September 24, 2025, still there.
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2017-C6 | 4 | $34,123,965 | Sep 2026 | SEC filing, September 28, 2026 |
| Wells Fargo Commercial Mortgage Trust 2017-C42 | 18 | $15,749,522 | Sep 2026 | SEC filing, September 29, 2026 |
Other Cleveland loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Key Center Cleveland | Cleveland, OH | Mixed use | $157.3M | 5.31% | Feb 2027 | 1.84x | 89% | With the special servicer |
| HBP Euclid | Euclid, OH | Industrial | $37.5M | 4.66% | Aug 2027 | n/a | n/a | Current |
| Key Center | Cleveland, OH | Office | $25.0M | 5.31% | Feb 2027 | 1.85x | 89% | With the special servicer and 30-59 days delinquent |
| Freedom Square II | Independence, OH | Office | $24.0M | 4.15% | Nov 2027 | n/a | n/a | Current |
| Flats East Bank Phase I | Cleveland, OH | Mixed use | $20.6M | 5.885% | Apr 2027 | 0.49x | 54% | With the special servicer |
| Crocker Block K & Detroit | Westlake, OH | Retail | $13.1M | 4.71% | Nov 2027 | n/a | n/a | Current |
| Northern Ohio Industrial Park | Elyria, OH | Industrial | $9.2M | 4.487% | Nov 2027 | 3.22x | 88% | Current |
| 118 Flats Oval | Cleveland, OH | Multifamily | $4.9M | 5.36% | Mar 2027 | 1.10x | 75% | 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.