Retail · Durham, North Carolina
Parkway Plaza-Nc
Parkway Plaza-Nc is financed with a $13.1M CMBS loan at 4.74% that reaches maturity on December 11, 2026, in 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,138,079
- Original balance (same notes)
- $14,500,000
- Interest rate
- 4.74% fixed
- Originated
- November 18, 2016
- Maturity
- December 11, 2026
- Payments
- Interest only for 48 months, then amortizing
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Payment not received but still in grace period or not yet due. (code A)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4215 University Drive, Durham, NC 27707
- Metro
- Durham-Chapel Hill, NC
- Rentable area
- 163,636 sq ft
- Built
- 1983, renovated 2014
- Largest tenants
- At Home; The Fresh Market; Auto Zone
- Value at securitization
- $25.2M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.82x | 2.36x |
| Occupancy | 92% | 98% |
| Net operating income (annualized from 6 months) | $1.6M | $2.2M |
| Debt yield | 16.4% |
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 2016-C37 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 92% when the loan was securitized to 98%.
- Net operating income is 31% above the underwritten figure ($2.2M a year against $1.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.82x at securitization to 2.36x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.1M | Payment not received but still in grace period or not yet due | No | 2.36x | 98% |
| August 2026 | $13.1M | Current | No | 2.32x | 98% |
| July 2026 | $13.2M | Current | No | 2.32x | 98% |
| June 2026 | $13.2M | Current | No | 2.32x | 98% |
| May 2026 | $13.2M | Current | No | 2.41x | 98% |
| April 2026 | $13.2M | Current | No | 2.41x | 98% |
| March 2026 | $13.2M | Current | No | 2.41x | 98% |
| February 2026 | $13.3M | Current | No | 2.41x | 98% |
| January 2026 | $13.3M | Current | No | 2.47x | 98% |
| December 2025 | $13.3M | Current | No | 2.47x | 98% |
| November 2025 | $13.3M | Current | No | 2.47x | 98% |
| October 2025 | $13.4M | Current | No | 2.26x | 98% |
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 2016-C37 | 19 | $13,138,079 | Sep 2026 | SEC filing, September 29, 2026 |
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.