Office · Atlanta, Georgia
Perimeter Place
Perimeter Place is financed with a $9.5M CMBS loan at 5.318% that reaches maturity on February 6, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $9,476,824
- Original balance (same notes)
- $10,750,000
- Interest rate
- 5.318% fixed
- Originated
- January 18, 2018
- Maturity
- February 6, 2028
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- December 5, 2027
- Master servicer
- Midland
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 800 Mount Vernon Highway, Atlanta, GA 30328
- Metro
- Atlanta-Sandy Springs-Roswell, GA
- Rentable area
- 81,654 sq ft
- Built
- 1996
- Largest tenants
- Skyline Seven Real Estate; Woolfson Eye Institute; The Employment Law Solu
- Value at securitization
- $14.7M (Dec 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.38x | 1.52x |
| Occupancy | 97% | 62% |
| Net operating income (annualized from 3 months) | $994K | $1.1M |
| Debt yield | 11.7% |
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 COMM 2018-COR3 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Occupancy down 10 points or more from securitization
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 97% when the loan was securitized to 62%.
- Net operating income is 11% above the underwritten figure ($1.1M a year against $994K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.38x at securitization to 1.52x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.5M | Late payment but less than 30 days delinquent | No | 1.52x | 62% |
| August 2026 | $9.5M | Current | No | 1.52x | 93% |
| July 2026 | $9.5M | Current | No | 1.52x | 93% |
| June 2026 | $9.5M | Current | No | 1.52x | 93% |
| May 2026 | $9.5M | Current | No | 1.52x | 93% |
| April 2026 | $9.5M | Current | No | 1.78x | n/a |
| March 2026 | $9.6M | Current | No | 1.78x | n/a |
| February 2026 | $9.6M | Current | No | 1.78x | n/a |
| January 2026 | $9.6M | Current | No | 1.78x | 97% |
| December 2025 | $9.6M | 30-59 days delinquent | No | 1.78x | 97% |
| November 2025 | $9.6M | Payment not received but still in grace period or not yet due | No | 1.78x | 97% |
| October 2025 | $9.6M | Current | No | 1.79x | 97% |
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 |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 26 | $9,476,824 | Sep 2026 | SEC filing, September 25, 2026 |
Other Atlanta-Sandy Springs-Roswell loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cumberland Mall | Atlanta, GA | Retail | $180.0M | 7.87% | May 2028 | 1.68x | 98% | Current |
| 1025 Lenox Park | Atlanta, GA | Office | $75.0M | 7.913% | Oct 2028 | n/a | n/a | Current |
| The Prado | Sandy Springs, GA | Retail | $42.0M | 8.80% | Dec 2028 | 1.12x | 90% | Current |
| Hilton Garden Inn Atlanta Downtown | Atlanta, GA | Hotel | $39.5M | 8.39% | Nov 2028 | 2.07x | 77% | Current |
| Perimeter Square | Atlanta, GA | Retail | $35.0M | 5.545% | Nov 2028 | 1.67x | 100% | Current |
| 1000 Windward Concourse | Alpharetta, GA | Office | $29.7M | 4.995% | Nov 2028 | 0.58x | 43% | Current |
| Embassy Suites Atlanta Airport | Atlanta, GA | Hotel | $29.2M | 4.97% | Sep 2028 | 1.59x | 70% | Current |
| Embassy Suites Kennesaw | Kennesaw, GA | Hotel | $27.8M | 5.33% | Jul 2028 | 1.89x | 83% | Current |
All loans maturing in 2028 · All Atlanta-Sandy Springs-Roswell loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.