Retail · Langhorne, Pennsylvania
Shoppes At Flowers Mill
Shoppes At Flowers Mill is financed with a $26.3M CMBS loan at 4.70% that reaches maturity on October 6, 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
- $26,250,888
- Original balance (same notes)
- $28,000,000
- Interest rate
- 4.70% fixed
- Originated
- September 20, 2017
- Maturity
- October 6, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- July 5, 2027
- Master servicer
- Midland Loan Services
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 92-96,100-168,225 N. Flowers Mill Road, Langhorne, PA 19047
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 156,818 sq ft
- Built
- 1997
- Largest tenants
- Giant; Talbot's; Dawson's (James Lukens)
- Value at securitization
- $45.6M (Aug 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.90x | 1.28x |
| Occupancy | 99% | 89% |
| Net operating income (annualized from 6 months) | $2.5M | $4.5M |
| Debt yield | 17.1% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C4 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
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 fallen from 99% when the loan was securitized to 89%.
- Net operating income is 77% above the underwritten figure ($4.5M a year against $2.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.90x at securitization to 1.28x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $26.3M | Current | No | 1.28x | 89% |
| August 2026 | $26.3M | Current | No | 1.27x | 89% |
| July 2026 | $26.3M | Current | No | 1.27x | 89% |
| June 2026 | $26.4M | Current | No | n/a | n/a |
| May 2026 | $26.4M | Current | No | n/a | n/a |
| April 2026 | $26.5M | Current | No | 1.44x | 89% |
| March 2026 | $26.5M | Current | No | 1.44x | 89% |
| February 2026 | $26.5M | Current | No | 1.44x | 98% |
| January 2026 | $26.6M | Current | No | 1.44x | 98% |
| December 2025 | $26.6M | Current | No | 1.44x | 98% |
| November 2025 | $26.7M | Current | No | 1.44x | 98% |
| October 2025 | $26.7M | Current | No | 1.44x | 98% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C4 | 11 | $26,250,888 | Sep 2026 | SEC filing, September 25, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Apex Fort Washington | Fort Washington, PA | Office | $48.0M | 5.28% | Mar 2027 | 1.12x | 66% | Current |
| Riverview Landing | Eagleville, PA | Multifamily | $44.0M | 4.944% | Nov 2027 | 1.32x | 93% | Current |
| Rodin Place | Philadelphia, PA | Mixed use | $41.6M | 4.35% | Aug 2027 | 1.55x | 76% | Current |
| Great Valley Commerce Center | Malvern, PA | Office | $40.9M | 4.48% | Aug 2027 | 1.91x | 86% | Current |
| Overlook at King of Prussia | King of Prussia, PA | Retail | $40.8M | 3.82% | Sep 2027 | 2.17x | 100% | Current |
| Kirkwood Plaza | Wilmington, DE | Retail | $32.5M | 4.59% | Nov 2027 | 2.06x | 79% | Current |
| Bakers Centre | Philadelphia, PA | Retail | $32.0M | 3.942% | Nov 2027 | 3.06x | 100% | Current |
| Valley Creek Corporate Center | Exton, PA | Office | $31.6M | 4.30% | Jun 2027 | 1.18x | 49% | With the special servicer |
All loans maturing in 2027 · All Philadelphia-Camden-Wilmington loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.