Retail · Parkland, Florida
Parkland Town Center
Parkland Town Center is financed with a $4.2M CMBS loan at 5.40% that reaches maturity on May 6, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,164,479
- Original balance (same notes)
- $4,800,000
- Interest rate
- 5.40% fixed
- Originated
- April 17, 2018
- Maturity
- May 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- March 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6604-6710 Parkside Drive, Parkland, FL 33067
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 34,930 sq ft
- Built
- 2004, renovated 2016
- Largest tenants
- Photo Studio; Parkland Children's; PIZZA TIME INC.
- Value at securitization
- $6.9M (Mar 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.43x | 1.94x |
| Occupancy | 93% | 100% |
| Net operating income (annualized from 6 months) | $463K | $632K |
| Debt yield | 15.2% |
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 UBS Commercial Mortgage Trust 2018-C10 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 100%.
- Net operating income is 36% above the underwritten figure ($632K a year against $463K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.43x at securitization to 1.94x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.2M | Current | No | 1.94x | 100% |
| August 2026 | $4.2M | Current | No | 1.98x | 100% |
| July 2026 | $4.2M | Current | No | 1.98x | 100% |
| June 2026 | $4.2M | Current | No | 1.98x | 100% |
| May 2026 | $4.2M | Current | No | 1.91x | 100% |
| April 2026 | $4.2M | Current | No | 1.91x | 100% |
| March 2026 | $4.2M | Current | No | 1.94x | 100% |
| February 2026 | $4.2M | Current | No | 1.94x | 100% |
| January 2026 | $4.2M | Current | No | 1.94x | 100% |
| December 2025 | $4.2M | Current | No | 1.94x | 100% |
| November 2025 | $4.2M | Current | No | 1.91x | 100% |
| October 2025 | $4.2M | Current | No | 1.91x | 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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C10 | 39 | $4,164,479 | Sep 2026 | SEC filing, September 28, 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.