Retail · Saint Louis, Missouri
Plaza Frontenac
Public CMBS trusts hold $100.0M of the loan on Plaza Frontenac at 4.433% that reaches maturity on August 1, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $100,000,000
- Original balance (same notes)
- $100,000,000
- Interest rate
- 4.433% fixed
- Originated
- July 2, 2018
- Maturity
- August 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 30, 2028
- Master servicer
- Wells Fargo
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1701 S Lindbergh Blvd, Saint Louis, MO 63131
- Metro
- St. Louis, MO-IL
- Rentable area
- 351,008 sq ft
- Built
- 1974, renovated 1994
- Largest tenants
- POTTERY BARN; POTTERY BARN KIDS/PB TEEN; RH
- Value at securitization
- $210.0M (May 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.23x | 3.29x |
| Occupancy | 96% | 60% |
| Net operating income (annualized from 3 months) | $10.0M | $15.0M |
| Debt yield | 15.0% |
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.
- 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 96% when the loan was securitized to 60%.
- Net operating income is 50% above the underwritten figure ($15.0M a year against $10.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.23x at securitization to 3.29x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $100.0M | Current | No | 3.29x | 55% |
| August 2026 | $100.0M | Current | No | 3.29x | 55% |
| July 2026 | $80.0M | Current | No | 3.29x | 94% |
| June 2026 | $100.0M | Current | No | 3.29x | 94% |
| May 2026 | $100.0M | Current | No | 3.29x | 94% |
| April 2026 | $100.0M | Current | No | 3.19x | 94% |
| March 2026 | $100.0M | Current | No | 3.19x | 94% |
| February 2026 | $100.0M | Current | No | 3.19x | 94% |
| January 2026 | $100.0M | Current | No | 3.19x | 94% |
| December 2025 | $100.0M | Current | No | 3.13x | 100% |
| November 2025 | $100.0M | Current | No | 3.13x | 100% |
| October 2025 | $100.0M | Current | No | 3.13x | 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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2018-BNK13 | 8 | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Morgan Stanley Capital I Trust 2018-L1 | 7 | $40,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2018-BNK15 | 18 | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other St. Louis loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Saint Louis Galleria | Saint Louis, MO | Retail | $229.0M | 4.997% | Nov 2028 | n/a | n/a | With the special servicer |
| Manchester Highlands | Ballwin, MO | Retail | $35.0M | 5.07% | May 2028 | 1.98x | 100% | Current |
| Embassy Suites St. Louis | Saint Louis, MO | Hotel | $21.8M | 5.24% | Nov 2028 | 1.17x | 70% | Current |
| Gravois Dillon Plaza | High Ridge, MO | Retail | $12.9M | 4.80% | Jan 2028 | 1.22x | 96% | Current |
| 1015 Locust Street | St. Louis, MO | Office | $8.5M | 5.396% | Sep 2028 | 1.78x | 61% | Current |
| 22 Gateway Commerce Center | Edwardsville, IL | Industrial | $7.6M | 8.548% | Nov 2028 | n/a | n/a | Current |
| Fresh Thyme Kirkwood | Kirkwood, MO | Retail | $5.6M | 5.101% | Mar 2028 | 1.37x | 100% | Current |
| Drake Plaza Apartments | St. Louis, MO | Multifamily | $3.2M | 5.54% | May 2028 | 1.51x | 84% | 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.