Retail · Canutillo, Texas
Outlet Shoppes at El Paso
Public CMBS trusts hold $64.7M of the loan on Outlet Shoppes at El Paso at 5.103% that reaches maturity on October 6, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $64,677,283
- Original balance (same notes)
- $75,000,000
- Interest rate
- 5.103% fixed
- Originated
- September 10, 2018
- Maturity
- October 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Deutsche Bank AG, acting through its New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred November 17, 2020, returned May 12, 2022
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 7051 South Desert Boulevard, Canutillo, TX 79835
- Metro
- El Paso, TX
- Rentable area
- 433,849 sq ft
- Built
- 2007, renovated 2014
- Largest tenants
- H&M; Old Navy Clothing Co.; Nike Factory Store
- Value at securitization
- $127.4M (Jul 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.64x | 2.61x |
| Occupancy | 93% | 97% |
| Net operating income (annualized from 6 months) | $8.0M | $12.9M |
| Debt yield | 19.9% |
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-B7 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.
What the filing shows
- Occupancy has risen from 93% when the loan was securitized to 97%.
- Net operating income is 60% above the underwritten figure ($12.9M a year against $8.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.64x at securitization to 2.61x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $64.7M | Current | No | 2.61x | 97% |
| August 2026 | $64.8M | Current | No | 2.59x | 95% |
| July 2026 | $64.9M | Current | No | 2.59x | 95% |
| June 2026 | $65.1M | Current | No | 2.59x | 95% |
| May 2026 | $65.2M | Current | No | 2.71x | 96% |
| April 2026 | $65.3M | Current | No | 2.71x | 96% |
| March 2026 | $65.5M | Current | No | 2.71x | 96% |
| February 2026 | $65.6M | Current | No | 2.64x | 96% |
| January 2026 | $65.7M | Current | No | 2.64x | 96% |
| December 2025 | $65.8M | Current | No | 2.61x | 96% |
| November 2025 | $66.0M | Current | No | 2.61x | 96% |
| October 2025 | $66.1M | Current | No | 2.61x | 96% |
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 November 17, 2020, returned to the master servicer May 12, 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| DBGS 2018-C1 Mortgage Trust | 9 | $33,632,187 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2018-B7 Mortgage Trust | 14 | $31,045,095 | Sep 2026 | SEC filing, October 1, 2026 |
Other El Paso loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hampton Inn & Suites ? El Paso | El Paso, TX | Hotel | $13.7M | 4.45% | Aug 2028 | n/a | n/a | Current |
| Courtyard Marriott - El Paso | El Paso, TX | Hotel | $8.0M | 5.042% | Apr 2028 | 2.73x | 71% | Current |
| Armadillo Self Storage | El Paso, TX | Self storage | $1.6M | 5.61% | Oct 2028 | 3.96x | 92% | Current |
| Aaa Self Storage - Tx | El Paso, TX | Self storage | $1.5M | 4.73% | Jan 2028 | 1.53x | 98% | 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.