Retail · Cranberry Township, Pennsylvania
Shoppes at Cranberry Commons II
Shoppes at Cranberry Commons II is financed with a $4.6M CMBS loan at 4.40% that reaches maturity on October 11, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,644,102
- Original balance (same notes)
- $5,750,000
- Interest rate
- 4.40% fixed
- Originated
- September 30, 2016
- Maturity
- October 11, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- July 10, 2026
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1686 & 1688 Route 228, Cranberry Township, PA 16066
- Metro
- Pittsburgh, PA
- Rentable area
- 15,036 sq ft
- Built
- 2006
- Largest tenants
- Tai Pei (Jimmy Wan); Third Amendment; Moe's Southwest Grill
- Value at securitization
- $8.0M (Aug 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.61x | 0.87x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $555K | $304K |
| Debt yield | 6.5% |
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 Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Past maturity
On the cmbs.news watch list in every report since June 2026.
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 45% below the underwritten figure ($304K a year against $555K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.61x at securitization to 0.87x on the latest statements.
- At 0.87x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.6M | Current | No | 0.87x | 100% |
| August 2026 | $4.7M | Current | No | 0.87x | 100% |
| July 2026 | $4.7M | Current | No | 0.87x | 100% |
| June 2026 | $4.7M | Current | No | 0.87x | 100% |
| May 2026 | $4.7M | Current | No | 1.15x | 100% |
| April 2026 | $4.7M | Current | No | 1.15x | 100% |
| March 2026 | $4.7M | Current | No | 1.15x | 100% |
| February 2026 | $4.7M | Current | No | 1.15x | 100% |
| January 2026 | $4.7M | Current | No | 1.15x | 100% |
| December 2025 | $4.7M | Current | No | 1.03x | 78% |
| November 2025 | $4.8M | Current | No | 1.03x | 78% |
| October 2025 | $4.8M | Current | No | 1.03x | 78% |
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 |
|---|---|---|---|---|
| Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3 | 45 | $4,644,102 | Sep 2026 | SEC filing, September 29, 2026 |
Other Pittsburgh loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| U.S. Steel Tower | Pittsburgh, PA | Office | $160.0M | 3.683% | Jun 2026 | n/a | n/a | Past maturity and not performing |
| Cranberry Crossroads | Cranberry Township, PA | Office | $13.1M | 4.611% | Dec 2026 | 1.43x | 96% | Current |
| Comfort Inn & Suites Pittsburgh | Pittsburgh, PA | Hotel | $7.7M | 4.49% | Nov 2026 | n/a | n/a | Current |
| Mills Shopping Center | Tarentum, PA | Retail | $3.8M | 5.313% | Dec 2026 | 0.96x | 79% | 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.