Retail · Oklahoma City, Oklahoma
Quail Springs Shopping Center
Quail Springs Shopping Center is financed with a $6.9M CMBS loan at 5.08% that reaches maturity on November 6, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,905,010
- Original balance (same notes)
- $7,200,000
- Interest rate
- 5.08% fixed
- Originated
- October 31, 2018
- Maturity
- November 6, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- May 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2241 West Memorial Road, Oklahoma City, OK 73134
- Metro
- Oklahoma City, OK
- Rentable area
- 70,535 sq ft
- Built
- 2005, renovated 2014
- Largest tenants
- Cresa; CEC Entertainment Inc; AT&T Mobility NETWORK REAL ETATE
- Value at securitization
- $11.2M (Oct 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.31x | 1.82x |
| Occupancy | 96% | 98% |
| Net operating income (annualized from 6 months) | $856K | $860K |
| Debt yield | 12.4% |
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 BENCHMARK 2019-B9 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
- Largest tenant's lease ends 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
- Debt service coverage moved from 2.31x at securitization to 1.82x on the latest statements.
- The filing gives Apr 2027 as the lease end date for the largest tenant (Cresa), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.9M | Current | No | 1.82x | 98% |
| August 2026 | $6.9M | Current | No | 1.82x | 98% |
| July 2026 | $6.9M | Current | No | 1.62x | 98% |
| June 2026 | $6.9M | Current | No | 1.62x | 98% |
| May 2026 | $6.9M | Current | No | 1.62x | 98% |
| April 2026 | $7.0M | Current | No | 1.72x | 98% |
| March 2026 | $7.0M | Current | No | 1.72x | 98% |
| February 2026 | $7.0M | Current | No | 1.72x | 98% |
| January 2026 | $7.0M | Current | No | 1.80x | 98% |
| December 2025 | $7.0M | Current | No | 1.80x | 98% |
| November 2025 | $7.0M | Current | No | 1.80x | 98% |
| October 2025 | $7.0M | Current | No | 1.86x | 98% |
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 |
|---|---|---|---|---|
| BENCHMARK 2019-B9 MORTGAGE TRUST | 39 | $6,905,010 | Sep 2026 | SEC filing, September 30, 2026 |
Other Oklahoma City loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Market at Czech Hall | Yukon, OK | Retail | $18.8M | 4.86% | Jun 2028 | 1.57x | 100% | Current |
| Windsor Village Apartments | Oklahoma City, OK | Multifamily | $11.0M | 5.195% | Jul 2028 | 2.34x | 97% | Current |
| Walgreens - Guthrie, OK | Guthrie, OK | Retail | $2.7M | 4.84% | Feb 2028 | 1.99x | n/a | 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.