Retail · Shawnee, Kansas
Parkway Shopping Center
Parkway Shopping Center is financed with a $5.7M CMBS loan at 4.66% that reaches maturity on December 1, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,704,617
- Original balance (same notes)
- $6,780,000
- Interest rate
- 4.66% fixed
- Originated
- November 20, 2017
- Maturity
- December 1, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11215-11225 Shawnee Mission Pkwy, Shawnee, KS 66203
- Metro
- Kansas City, MO-KS
- Rentable area
- 88,483 sq ft
- Built
- 1985, renovated 2017
- Largest tenants
- City Union Mission; Harbor Freight Tools USA Inc.; CITY THRIFT
- Value at securitization
- $9.2M (Sep 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.59x | 0.84x |
| Occupancy | 91% | 60% |
| Net operating income (annualized from 6 months) | $670K | $354K |
| Debt yield | 6.2% |
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 BANK 2017-BNK9 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since July 2026.
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 fallen from 91% when the loan was securitized to 60%.
- Net operating income is 47% below the underwritten figure ($354K a year against $670K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.59x at securitization to 0.84x on the latest statements.
- At 0.84x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.7M | Current | No | 0.84x | 60% |
| August 2026 | $5.7M | Late payment but less than 30 days delinquent | No | 0.75x | 60% |
| July 2026 | $5.7M | Current | No | 0.75x | 60% |
| June 2026 | $5.7M | Current | No | 1.15x | 60% |
| May 2026 | $5.8M | Current | No | 1.15x | 60% |
| April 2026 | $5.8M | Current | No | 1.15x | 60% |
| March 2026 | $5.8M | Current | No | 1.23x | 60% |
| February 2026 | $5.8M | Current | No | 1.23x | 60% |
| January 2026 | $5.8M | Current | No | 1.23x | 60% |
| December 2025 | $5.8M | Current | No | 1.23x | 60% |
| November 2025 | $5.8M | Current | No | 1.23x | 60% |
| October 2025 | $5.8M | Current | No | 1.41x | 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 |
|---|---|---|---|---|
| BANK 2017-BNK9 | 32 | $5,704,617 | Sep 2026 | SEC filing, September 29, 2026 |
Other Kansas City loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Corporate Woods - Building 82 | Overland Park, KS | Office | $29.6M | 4.45% | Sep 2027 | n/a | n/a | Current |
| Northridge Plaza | Olathe, KS | Retail | $28.4M | 4.80% | May 2027 | 1.62x | 98% | Current |
| Williamsburg Plaza | Platte City, MO | Multifamily | $15.6M | 4.70% | May 2027 | 1.78x | 92% | Current |
| Hilton Garden Inn - Overland Park | Overland Park, KS | Hotel | $10.0M | 5.13% | Feb 2027 | 2.33x | 71% | Current |
| Holiday Inn Express & Suites - Kansas City | Kansas City, MO | Hotel | $4.9M | 5.50% | Feb 2027 | 1.78x | 70% | Current |
| Berkshire Village Townhouses, Inc. | Kansas City, KS | Other | $3.6M | 4.38% | Sep 2027 | n/a | n/a | 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.