Retail · Vancouver, Washington
Orchards Market Center
Orchards Market Center is financed with a $4.3M CMBS loan at 4.53% that reaches maturity on May 11, 2027, in 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,323,808
- Original balance (same notes)
- $4,860,000
- Interest rate
- 4.53% fixed
- Originated
- April 26, 2017
- Maturity
- May 11, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- February 10, 2027
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11505 Northeast Fourth Plain Boulevard, Vancouver, WA 98662
- Metro
- Portland-Vancouver-Hillsboro, OR-WA
- Rentable area
- 45,495 sq ft
- Built
- 1994, renovated 2004
- Largest tenants
- SUPER SPORTS CARDS; STRAIGHT BLAST GYM; C3 CHURCH SOUTHWEST WASHINGTON
- Value at securitization
- $8.3M (Mar 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.74x | 2.39x |
| Occupancy | 87% | 91% |
| Net operating income (annualized from 6 months) | $517K | $716K |
| Debt yield | 16.6% |
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-C38 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Matures within 12 months
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 risen from 87% when the loan was securitized to 91%.
- Net operating income is 39% above the underwritten figure ($716K a year against $517K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.74x at securitization to 2.39x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.3M | Current | No | 2.39x | 91% |
| August 2026 | $4.3M | Current | No | 2.34x | 82% |
| July 2026 | $4.3M | Current | No | 2.34x | 82% |
| June 2026 | $4.3M | Current | No | 2.34x | 82% |
| May 2026 | $4.4M | Current | No | 2.42x | 100% |
| April 2026 | $4.4M | Current | No | 2.42x | 100% |
| March 2026 | $4.4M | Current | No | 2.42x | 100% |
| February 2026 | $4.4M | Current | No | 2.42x | 100% |
| January 2026 | $4.4M | Current | No | 2.42x | 100% |
| December 2025 | $4.4M | Current | No | 2.42x | 100% |
| November 2025 | $4.4M | Current | No | 2.42x | 100% |
| October 2025 | $4.4M | Current | No | 2.42x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C38 | 59 | $4,323,808 | Sep 2026 | SEC filing, September 29, 2026 |
Other Portland-Vancouver-Hillsboro loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 2020 Southwest 4th Avenue | Portland, OR | Office | $44.3M | 3.961% | Dec 2027 | 2.24x | 69% | Current |
| Hotel Eastlund | Portland, OR | Hotel | $36.7M | 4.98% | Mar 2027 | 0.75x | 65% | With the special servicer and 90+ days delinquent |
| Oregon City Shopping Center | Oregon City, OR | Retail | $22.5M | 4.30% | Jun 2027 | 2.00x | 80% | Current |
| Dorian Apartments | Portland, OR | Multifamily | $10.2M | 4.783% | Nov 2027 | 0.61x | 90% | Current |
| Cascade Building | Portland, OR | Mixed use | $10.0M | 3.645% | Oct 2027 | 0.42x | 42% | With the special servicer |
| Ramada Portland East | Portland, OR | Hotel | $3.4M | 6.13% | Nov 2027 | n/a | n/a | Current |
All loans maturing in 2027 · All Portland-Vancouver-Hillsboro loans
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.