Retail · Ridgeland, Mississippi
School Street Crossing
School Street Crossing is financed with a $3.9M CMBS loan at 5.194% that reaches maturity on February 6, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,858,221
- Original balance (same notes)
- $4,500,000
- Interest rate
- 5.194% fixed
- Originated
- January 23, 2018
- Maturity
- February 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 5, 2027
- Master servicer
- Midland
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 398 Highway 51 North, Ridgeland, MS 39157
- Metro
- Jackson, MS
- Rentable area
- 67,761 sq ft
- Built
- 1994
- Largest tenants
- MC LAWRENCE FOODS, INC.; DOLLAR TREE STORES, INC. (#1079; DELTA WINGS #1 D/B/A WINGSTOI
- Value at securitization
- $6.0M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.63x | 1.83x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $483K | $1.1M |
| Debt yield | 28.4% |
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 UBS Commercial Mortgage Trust 2018-C8 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 127% above the underwritten figure ($1.1M a year against $483K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.63x at securitization to 1.83x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.9M | Current | No | 1.83x | 100% |
| August 2026 | $3.9M | Current | No | 1.96x | 100% |
| July 2026 | $3.9M | Current | No | 1.96x | 100% |
| June 2026 | $3.9M | Current | No | 1.96x | 100% |
| May 2026 | $3.9M | Current | No | n/a | n/a |
| April 2026 | $3.9M | Current | No | 1.52x | 100% |
| March 2026 | $3.9M | Current | No | 1.52x | 100% |
| February 2026 | $3.9M | Current | No | 1.56x | 98% |
| January 2026 | $3.9M | Late payment but less than 30 days delinquent | No | 1.56x | 98% |
| December 2025 | $3.9M | Current | No | 1.56x | 98% |
| November 2025 | $3.9M | Current | No | 1.56x | 98% |
| October 2025 | $3.9M | Current | No | 1.51x | 80% |
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C8 | 57 | $3,858,221 | Sep 2026 | SEC filing, September 28, 2026 |
Other Jackson loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| County Line Plaza | Jackson, MS | Retail | $12.4M | 4.997% | Aug 2028 | 1.36x | 74% | With the special servicer |
| Fondren Hill Apartments | Jackson, MS | Multifamily | $9.0M | 4.32% | Nov 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
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.