Retail · Hilton Head Island, South Carolina
Plantation Center, Hilton Head
Plantation Center, Hilton Head is financed with a $4.5M CMBS loan at 5.37% that reaches maturity on October 11, 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
- $4,500,000
- Original balance (same notes)
- $4,500,000
- Interest rate
- 5.37% fixed
- Originated
- October 5, 2018
- Maturity
- October 11, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 10, 2020
- Prepayment premium ends
- July 10, 2028 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 807 and 811 William Hilton Parkway, Hilton Head Island, SC 29928
- Rentable area
- 46,460 sq ft
- Built
- 1972, renovated 2013
- Largest tenants
- Palmetto Therapy Services; Santa Fe Caf?; Fidelity Brokerage
- Value at securitization
- $8.0M (Aug 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.61x | 3.18x |
| Occupancy | 91% | 100% |
| Net operating income | $641K | $780K |
| Debt yield | 17.3% |
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 2018-BNK15 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 91% when the loan was securitized to 100%.
- Net operating income is 22% above the underwritten figure ($780K a year against $641K).
- Debt service coverage moved from 2.61x at securitization to 3.18x on the latest statements.
- The filing gives Dec 2027 as the lease end date for the largest tenant (Palmetto Therapy Services), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.5M | Current | No | 3.18x | 100% |
| August 2026 | $4.5M | Current | No | 3.18x | 100% |
| June 2026 | $4.5M | Current | No | 3.18x | 100% |
| May 2026 | $4.5M | Current | No | 3.18x | 100% |
| April 2026 | $4.5M | Current | No | 3.18x | 100% |
| March 2026 | $4.5M | Current | No | 3.18x | 100% |
| February 2026 | $4.5M | Current | No | 3.18x | 100% |
| January 2026 | $4.5M | Current | No | 3.98x | 100% |
| December 2025 | $4.5M | Current | No | 3.98x | 100% |
| November 2025 | $4.5M | Current | No | 3.98x | 100% |
| October 2025 | $4.5M | Current | No | 2.90x | 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 2018-BNK15 | 45 | $4,500,000 | 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.