Office · Palm Beach Gardens, Florida
Professional Centre at Gardens Mall
Professional Centre at Gardens Mall is financed with a $10.1M CMBS loan at 4.725% that reaches maturity on June 6, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,052,045
- Original balance (same notes)
- $11,000,000
- Interest rate
- 4.725% fixed
- Originated
- May 16, 2017
- Maturity
- June 6, 2027
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ended
- August 5, 2019
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11601-11641 Kew Gardens Avenue, Palm Beach Gardens, FL 33410
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 87,894 sq ft
- Built
- 2000
- Largest tenants
- Kimley-Hom & Associates Inc.; Vaughan Mclean & partners LLC; FirstService Residential
- Value at securitization
- $18.9M (Apr 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.04x | 2.90x |
| Occupancy | 96% | 93% |
| Net operating income (annualized from 6 months) | $1.4M | $2.0M |
| Debt yield | 19.9% |
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 JPMCC Commercial Mortgage Securities Trust 2017-JP7 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 fallen from 96% when the loan was securitized to 93%.
- Net operating income is 42% above the underwritten figure ($2.0M a year against $1.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.04x at securitization to 2.90x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.1M | Current | No | 2.90x | 93% |
| August 2026 | $10.1M | Current | No | 2.90x | 93% |
| July 2026 | $10.1M | Current | No | 2.90x | 93% |
| June 2026 | $10.1M | Current | No | 2.91x | 93% |
| May 2026 | $10.1M | Current | No | 2.91x | 93% |
| April 2026 | $10.1M | Current | No | 2.29x | 93% |
| March 2026 | $10.2M | Current | No | 2.43x | 93% |
| February 2026 | $10.2M | Current | No | 2.43x | 93% |
| January 2026 | $10.2M | Current | No | 2.43x | 93% |
| December 2025 | $10.2M | Current | No | 2.43x | 93% |
| November 2025 | $10.2M | Current | No | 2.43x | 93% |
| October 2025 | $10.2M | Current | No | 2.15x | 93% |
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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2017-JP7 | 25 | $10,052,045 | Sep 2026 | SEC filing, September 28, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Holiday Inn Miami Beach | Miami Beach, FL | Hotel | $26.0M | 4.44% | Mar 2027 | 2.41x | 76% | Current |
| Royal Oaks Plaza | Miami Lakes, FL | Retail | $24.6M | 4.606% | Feb 2027 | 2.32x | 92% | Current |
| Brickell Heights | Miami, FL | Retail | $21.0M | 4.476% | Aug 2027 | n/a | n/a | Current |
| Wellington Marketplace | Wellington, FL | Retail | $20.2M | 5.12% | Apr 2027 | 1.86x | 100% | Current |
| Crystal Corporate Center | Boca Raton, FL | Office | $19.3M | 4.97% | Jul 2027 | 2.12x | 98% | Current |
| The Strand on Ocean Drive | Miami Beach, FL | Retail | $18.7M | 5.17% | Mar 2027 | 1.38x | 100% | Current |
| Victoria Park Shoppes | Fort Lauderdale, FL | Retail | $16.7M | 4.82% | Jul 2027 | 1.33x | 98% | Current |
| Miramar Town Center | Miramar, FL | Mixed use | $16.2M | 4.497% | Dec 2027 | 1.58x | 99% | Current |
All loans maturing in 2027 · All Miami-Fort Lauderdale-West Palm Beach loans
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.