Retail · Fort Collins, Colorado
Safeway Drake Road
Safeway Drake Road is financed with a $4.0M CMBS loan at 4.62% that reaches maturity on June 6, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,000,000
- Original balance (same notes)
- $4,000,000
- Interest rate
- 4.62% fixed
- Originated
- May 23, 2018
- Maturity
- June 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2027
- Master servicer
- Trimont LLC
- Originator
- CREFI
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2160 West Drake Road, Fort Collins, CO 80526
- Metro
- Fort Collins-Loveland, CO
- Rentable area
- 58,240 sq ft
- Built
- 1983, renovated 2013
- Largest tenants
- Safeway
- Value at securitization
- $15.1M (Apr 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.80x | 4.28x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $712K | $807K |
| Debt yield | 20.2% |
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 13% above the underwritten figure ($807K a year against $712K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.80x at securitization to 4.28x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.0M | Current | No | 4.28x | 100% |
| August 2026 | $4.0M | Current | No | 4.28x | 100% |
| July 2026 | $4.0M | Current | No | 4.31x | 100% |
| June 2026 | $4.0M | Current | No | 4.31x | 100% |
| May 2026 | $4.0M | Current | No | 4.31x | 100% |
| April 2026 | $4.0M | Current | No | 4.27x | 100% |
| March 2026 | $4.0M | Current | No | 4.27x | 100% |
| February 2026 | $4.0M | Current | No | 4.27x | 100% |
| January 2026 | $4.0M | Current | No | 4.26x | 100% |
| December 2025 | $4.0M | Current | No | 4.26x | 100% |
| November 2025 | $4.0M | Current | No | 4.26x | 100% |
| October 2025 | $4.0M | Current | No | 4.28x | 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 | 61 | $4,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Fort Collins-Loveland loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Firehouse Self Storage | Loveland, CO | Self storage | $13.0M | 4.867% | Jan 2028 | 2.71x | 85% | Current |
| Sunflower MHC | Fort Collins, CO | Manufactured housing | $10.8M | 5.022% | Jul 2028 | n/a | n/a | Current |
| Arbor Plaza | Fort Collins, CO | Retail | $10.3M | 4.969% | Apr 2028 | 1.56x | 81% | Current |
All loans maturing in 2028 · All Fort Collins-Loveland 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.