Retail · Sunrise, Florida
Sawgrass Tj Maxx
Sawgrass Tj Maxx is financed with a $5.4M CMBS loan at 4.245% that reaches maturity on October 1, 2027, in 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,440,734
- Original balance (same notes)
- $8,225,000
- Interest rate
- 4.245% fixed
- Originated
- September 26, 2017
- Maturity
- October 1, 2027
- Payments
- Amortizing over 20 years
- Prepayment lockout ended
- October 31, 2019
- Prepayment premium ends
- March 31, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 12801 West Sunrise Boulevard, Sunrise, FL 33323
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 53,026 sq ft
- Built
- 1995, renovated 2016
- Largest tenants
- TJ Maxx
- Value at securitization
- $15.0M (Aug 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.40x | 2.03x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $855K | $1.2M |
| Debt yield | 22.6% |
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 Bank of America Merrill Lynch Trust 2017-C34 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 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
- Net operating income is 44% above the underwritten figure ($1.2M a year against $855K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.40x at securitization to 2.03x on the latest statements.
- The filing gives Apr 2027 as the lease end date for the largest tenant (TJ Maxx), 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 | $5.4M | Current | No | 2.03x | 100% |
| August 2026 | $5.5M | Current | No | 2.03x | 100% |
| July 2026 | $5.5M | Current | No | 2.03x | 100% |
| June 2026 | $5.5M | Current | No | 1.61x | 100% |
| May 2026 | $5.6M | Current | No | 1.61x | 100% |
| April 2026 | $5.6M | Current | No | 1.61x | 100% |
| March 2026 | $5.6M | Current | No | 1.61x | 100% |
| February 2026 | $5.7M | Current | No | 1.61x | 100% |
| January 2026 | $5.7M | Current | No | 1.67x | 100% |
| December 2025 | $5.7M | Current | No | 1.67x | 100% |
| November 2025 | $5.7M | Current | No | 1.67x | 100% |
| October 2025 | $5.8M | Current | No | 1.67x | 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 Bank of America Merrill Lynch Trust 2017-C34 | 31 | $5,440,734 | Sep 2026 | SEC filing, September 29, 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 |
| Royal Oaks Plaza | Miami Lakes, FL | Retail | $24.6M | 4.606% | Feb 2027 | 2.32x | 92% | 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 |
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.