Retail · Miami Lakes, Florida
Royal Oaks Plaza
Royal Oaks Plaza is financed with a $24.6M CMBS loan at 4.606% that reaches maturity on February 1, 2027, in 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $24,626,217
- Original balance (same notes)
- $30,000,000
- Interest rate
- 4.606% fixed
- Originated
- February 1, 2017
- Maturity
- February 1, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- March 31, 2019
- Master servicer
- Midland Loan Services, A Divis
- Originator
- JPMCB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 15400-15544 NW 77th Court, Miami Lakes, FL 33016
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 165,710 sq ft
- Built
- 1987
- Largest tenants
- SEG Sidecar LLC; Children's Paradise Learning; The Billiard Club Inc
- Value at securitization
- $50.0M (Jan 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.67x | 2.32x |
| Occupancy | 86% | 92% |
| Net operating income (annualized from 6 months) | $3.1M | $8.6M |
| Debt yield | 35.1% |
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-JP5 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Matures within 12 months
- 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
- Occupancy has risen from 86% when the loan was securitized to 92%.
- Net operating income is 179% above the underwritten figure ($8.6M a year against $3.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.67x at securitization to 2.32x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $24.6M | Current | No | 2.32x | 92% |
| August 2026 | $24.7M | Current | No | n/a | n/a |
| July 2026 | $24.7M | Current | No | n/a | n/a |
| June 2026 | $24.8M | Current | No | n/a | n/a |
| May 2026 | $24.9M | Current | No | n/a | n/a |
| April 2026 | $24.9M | Current | No | 2.09x | 92% |
| March 2026 | $25.0M | Current | No | 2.14x | 92% |
| February 2026 | $25.0M | Current | No | 2.14x | 92% |
| January 2026 | $25.1M | Current | No | 2.14x | 92% |
| December 2025 | $25.1M | Current | No | 2.14x | 92% |
| November 2025 | $25.2M | Current | No | 2.12x | 92% |
| October 2025 | $25.2M | Current | No | 2.12x | 92% |
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-JP5 | 16 | $24,626,217 | 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 |
| 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 |
| Towneplace Suites - Boynton Beach | Boynton Beach, FL | Hotel | $13.4M | 5.10% | May 2027 | 2.68x | 83% | 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.