Office · Coral Gables, Florida
One Spa World Headquarters
One Spa World Headquarters is financed with a $8.1M CMBS loan at 4.61% 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
- $8,112,500
- Original balance (same notes)
- $8,112,500
- Interest rate
- 4.61% fixed
- Originated
- August 3, 2018
- Maturity
- August 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2028
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 770 South Dixie Highway, Coral Gables, FL 33146
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 35,180 sq ft
- Built
- 1990
- Largest tenants
- One Spa World LLC
- Value at securitization
- $14.8M (Jul 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.16x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $824K |
| Debt yield | 10.2% |
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-B6 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.1M | Not reported | No | 2.16x | 100% |
| August 2026 | $8.1M | Not reported | No | 2.16x | 100% |
| July 2026 | $8.1M | Not reported | No | 2.50x | 100% |
| June 2026 | $8.1M | Not reported | No | 2.50x | 100% |
| May 2026 | $8.1M | Not reported | No | 2.50x | 100% |
| April 2026 | $8.1M | Not reported | No | 2.50x | 100% |
| March 2026 | $8.1M | Not reported | No | 2.50x | 100% |
| February 2026 | $8.1M | Not reported | No | 2.24x | 100% |
| January 2026 | $8.1M | Not reported | No | 2.24x | 100% |
| December 2025 | $8.1M | Not reported | No | 2.08x | 100% |
| November 2025 | $8.1M | Not reported | No | 2.08x | 100% |
| October 2025 | $8.1M | Not reported | No | 2.45x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2018-B6 MORTGAGE TRUST | 41 | $8,112,500 | Sep 2026 | SEC filing, September 25, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach 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 |
| Town Center Aventura | Aventura, FL | Retail | $80.0M | 4.89% | Jul 2028 | 1.71x | 90% | Current |
| Miami Industrial Portfolio | Miami, FL | Industrial | $66.1M | 4.981% | Dec 2028 | 3.32x | 87% | Current |
| Promenade Shops at Aventura | Aventura, FL | Retail | $59.2M | 4.669% | Feb 2028 | 1.47x | 99% | Current |
| AutoNation | Fort Lauderdale, FL | Office | $55.0M | 8.25% | Dec 2028 | n/a | n/a | Current |
| Museum Tower | Miami, FL | Office | $47.0M | 6.546% | May 2028 | 1.66x | 91% | Current |
| Palm Glade Apartments | Belle Glade, FL | Multifamily | $45.0M | 6.685% | Jan 2028 | 1.84x | 98% | Current |
| Causeway Square | North Miami, FL | Mixed use | $43.2M | 5.265% | Nov 2028 | 1.66x | 95% | Current |
All loans maturing in 2028 · All Miami-Fort Lauderdale-West Palm Beach loans
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.