Office · Park City, Utah
Rossignol Building
Rossignol Building is financed with a $6.5M CMBS loan at 4.78% that reaches its anticipated repayment date on May 6, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,500,000
- Original balance (same notes)
- $6,500,000
- Interest rate
- 4.78% fixed
- Originated
- April 26, 2018
- Maturity
- May 6, 2038
- Anticipated repayment date
- May 6, 2028 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2028
- Master servicer
- Trimont LLC
- Originator
- AREF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1413 Center Drive, Park City, UT 84098
- Rentable area
- 30,382 sq ft
- Built
- 2007
- Largest tenants
- Group Rossignol USA Inc.
- Value at securitization
- $11.7M (Mar 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.12x | 2.50x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $668K | $793K |
| Debt yield | 12.2% |
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 2018-H3 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
- Net operating income is 19% above the underwritten figure ($793K a year against $668K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.12x at securitization to 2.50x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.5M | Current | No | 2.50x | 100% |
| August 2026 | $6.5M | Current | No | 2.50x | 100% |
| July 2026 | $6.5M | Current | No | 2.50x | 100% |
| June 2026 | $6.5M | Late payment but less than 30 days delinquent | No | 2.51x | 100% |
| May 2026 | $6.5M | Current | No | 2.51x | 100% |
| April 2026 | $6.5M | Current | No | 2.46x | 100% |
| March 2026 | $6.5M | Current | No | 2.46x | 100% |
| February 2026 | $6.5M | Current | No | 2.46x | 100% |
| January 2026 | $6.5M | Current | No | 2.47x | 100% |
| December 2025 | $6.5M | Current | No | 2.47x | 100% |
| November 2025 | $6.5M | Current | No | 2.47x | 100% |
| October 2025 | $6.5M | Current | No | 2.47x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2018-H3 | 47 | $6,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Utah loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vista Station 8 | Draper, UT | Office | $26.9M | 4.948% | Jun 2028 | 1.99x | 100% | Current |
| Commons at Southtowne I | Sandy, UT | Retail | $25.5M | 4.622% | Jun 2028 | 2.30x | 100% | Current |
| Home2 Suites Salt Lake City East | Salt Lake City, UT | Hotel | $9.7M | 4.823% | May 2028 | 1.90x | 74% | Current |
| Cabelas Farmington | Farmington, UT | Retail | $9.2M | 4.787% | Jun 2028 | 2.71x | 100% | Current |
| 1076 Riverdale | Riverdale, UT | Retail | $8.9M | 5.024% | Dec 2028 | 2.27x | 99% | Current |
| Otg Woods Crossing | Woods Cross, UT | Retail | $7.2M | 5.015% | Oct 2028 | 1.60x | 100% | Current |
| Hampton Inn - Provo | Provo, UT | Hotel | $6.9M | 6.008% | Jul 2028 | n/a | n/a | Current |
| Storage Elevated | Park City, UT | Self storage | $6.3M | 5.125% | Feb 2028 | 2.78x | 91% | 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.