Office · Brooklyn Park, Minnesota
Quadrant Office
Quadrant Office is financed with a $6.4M CMBS loan at 4.694% that reaches maturity on November 6, 2027, in 12 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,443,087
- Original balance (same notes)
- $7,300,000
- Interest rate
- 4.694% fixed
- Originated
- October 27, 2017
- Maturity
- November 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- July 5, 2027
- 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
- 7100 Northland Circle, Brooklyn Park, MN 55428
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Rentable area
- 106,679 sq ft
- Built
- 1987, renovated 2017
- Largest tenants
- YORK ENTERPRISE SOLUTIONS; Syntegon Technology Services LLC.; ASSOCIATE COMMUNITY DEVELOPMENT
- Value at securitization
- $10.6M (Sep 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 2.95x |
| Occupancy | 86% | 93% |
| Net operating income (annualized from 6 months) | $847K | $1.4M |
| Debt yield | 21.0% |
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 Morgan Stanley Capital I Trust 2017-HR2 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 86% when the loan was securitized to 93%.
- Net operating income is 60% above the underwritten figure ($1.4M a year against $847K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.87x at securitization to 2.95x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.4M | Current | No | 2.95x | 93% |
| August 2026 | $6.5M | Current | No | 2.95x | 93% |
| July 2026 | $6.5M | Current | No | 2.57x | 85% |
| June 2026 | $6.5M | Current | No | 2.57x | 85% |
| May 2026 | $6.5M | Current | No | 2.57x | 85% |
| April 2026 | $6.5M | Current | No | 2.45x | 89% |
| March 2026 | $6.5M | Current | No | 2.45x | 89% |
| February 2026 | $6.5M | Current | No | 2.45x | 89% |
| January 2026 | $6.5M | Current | No | 2.35x | 86% |
| December 2025 | $6.6M | Current | No | 2.35x | 86% |
| November 2025 | $6.6M | Current | No | 2.35x | 80% |
| October 2025 | $6.6M | Current | No | 2.35x | 80% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-HR2 | 36 | $6,443,087 | Sep 2026 | SEC filing, October 2, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cabela's (Rogers) | Rogers, MN | Retail | $44.8M | 4.379% | Oct 2027 | n/a | n/a | Current |
| Marriott Minneapolis Northwest | Brooklyn Park, MN | Hotel | $18.2M | 4.93% | Mar 2027 | 2.09x | 61% | Current |
| 1301 University Avenue | Minneapolis, MN | Multifamily | $13.9M | 4.972% | Aug 2027 | 1.25x | 100% | Current |
| Uptown Row | Minneapolis, MN | Mixed use | $9.5M | 5.008% | Jan 2027 | 0.81x | 84% | Current |
| LA Fitness Apple Valley | Apple Valley, MN | Retail | $7.6M | 4.55% | Sep 2027 | 1.59x | 100% | Current |
| Cash Wise Center | St. Cloud, MN | Retail | $6.1M | 4.643% | Oct 2027 | 1.73x | 100% | Current |
All loans maturing in 2027 · All Minneapolis-St. Paul-Bloomington 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.