Retail · Muskogee, Oklahoma
River City Plaza
River City Plaza is financed with a $12.6M CMBS loan at 4.88% that reaches maturity on June 1, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $12,564,848
- Original balance (same notes)
- $15,000,000
- Interest rate
- 4.88% fixed
- Originated
- May 8, 2017
- Maturity
- June 1, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- March 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Basis Real Estate Capital II, LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred October 29, 2021
- Workout strategy
- Other
- Modified
- Yes, most recently April 19, 2024
- Defeasance
- None reported
The property
- Address
- 904-948 West Shawnee Street, Muskogee, OK 74401
- Rentable area
- 141,383 sq ft
- Built
- 2006
- Largest tenants
- Ross Dress for Less; Burlington Coat Factory; Petco
- Value at securitization
- $20.4M (Feb 2017)
Performance
| At securitization | Latest (Sep 2024) | |
|---|---|---|
| DSCR (NOI) | 1.47x | 1.05x |
| Occupancy | 98% | 89% |
| Net operating income (annualized from 9 months) | $1.4M | $1.0M |
| Debt yield | 8.0% |
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 Wells Fargo Commercial Mortgage Trust 2017-C39 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 98% when the loan was securitized to 89%.
- Net operating income is 29% below the underwritten figure ($1.0M a year against $1.4M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.47x at securitization to 1.05x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.6M | Late payment but less than 30 days delinquent | Yes | 1.05x | 89% |
| August 2026 | $12.6M | Current | Yes | 1.05x | 89% |
| July 2026 | $12.6M | Current | Yes | 1.05x | 89% |
| June 2026 | $12.6M | Current | Yes | 1.05x | 89% |
| May 2026 | $12.7M | Late payment but less than 30 days delinquent | Yes | 1.05x | 89% |
| April 2026 | $12.7M | Current | Yes | 1.05x | 89% |
| March 2026 | $12.7M | Current | Yes | 1.05x | 89% |
| February 2026 | $12.7M | Current | Yes | 1.05x | 89% |
| January 2026 | $12.8M | Current | Yes | 1.05x | 89% |
| December 2025 | $12.8M | Current | Yes | 1.05x | 89% |
| November 2025 | $12.8M | Current | Yes | 1.05x | 89% |
| October 2025 | $12.9M | Late payment but less than 30 days delinquent | Yes | 1.05x | 89% |
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.
Special-servicing history
- Transferred to the special servicer October 29, 2021, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C39 | 22 | $12,564,848 | Sep 2026 | SEC filing, September 29, 2026 |
Other Oklahoma loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Neilson Square | Enid, OK | Retail | $5.9M | 4.87% | Feb 2027 | n/a | n/a | Current |
| Courtyard Tulsa | Tulsa, OK | Hotel | $4.9M | 5.91% | Mar 2027 | 2.04x | 64% | Current |
| Gatekeeper Storage | Edmond, OK | Self storage | $2.8M | 4.67% | Jun 2027 | 1.32x | 95% | 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.