Retail · Pickerington, Ohio
Shoppes at Hunters Run
Shoppes at Hunters Run is financed with a $2.7M CMBS loan at 4.88% that reaches maturity on April 11, 2027, in 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,746,282
- Original balance (same notes)
- $3,300,000
- Interest rate
- 4.88% fixed
- Originated
- April 6, 2017
- Maturity
- April 11, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- January 10, 2027
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 10503 Blacklick-Eastern Road Northwest, Pickerington, OH 43147
- Metro
- Columbus, OH
- Rentable area
- 21,514 sq ft
- Built
- 2006
- Largest tenants
- Salon Lofts DBA Salon Lofts Group LLC; El Vaquero Mexican; THE GURKHA CROW
- Value at securitization
- $4.6M (Mar 2017)
Performance
| At securitization | Latest (Jun 2025) | |
|---|---|---|
| DSCR (NOI) | 1.54x | 1.15x |
| Occupancy | 100% | 88% |
| Net operating income (annualized from 6 months) | $324K | $244K |
| Debt yield | 8.9% |
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 Wells Fargo Commercial Mortgage Trust 2017-C38 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
- 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
- Occupancy has fallen from 100% when the loan was securitized to 88%.
- Net operating income is 25% below the underwritten figure ($244K a year against $324K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.54x at securitization to 1.15x on the latest statements.
- The filing gives Jan 2027 as the lease end date for the largest tenant (Salon Lofts DBA Salon Lofts Group LLC), 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 | $2.7M | Current | No | 1.15x | 88% |
| August 2026 | $2.8M | Current | No | 1.15x | 88% |
| July 2026 | $2.8M | Current | No | 1.15x | 88% |
| June 2026 | $2.8M | Current | No | 1.15x | 88% |
| May 2026 | $2.8M | Current | No | 1.15x | 88% |
| April 2026 | $2.8M | Current | No | 1.15x | 88% |
| March 2026 | $2.8M | Current | No | 1.15x | 88% |
| February 2026 | $2.8M | Current | No | 1.15x | 88% |
| January 2026 | $2.8M | Current | No | 1.15x | 88% |
| December 2025 | $2.8M | Current | No | 1.15x | 88% |
| November 2025 | $2.8M | Current | No | 1.15x | 88% |
| October 2025 | $2.8M | Current | No | 1.15x | 88% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C38 | 68 | $2,746,282 | Sep 2026 | SEC filing, September 29, 2026 |
Other Columbus loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mckesson Phase 2 | Columbus, OH | Office | $76.7M | 5.14% | Nov 2027 | 2.02x | 100% | Current |
| Residence Inn Columbus Easton | Columbus, OH | Hotel | $16.5M | 4.55% | May 2027 | 2.13x | 85% | Current |
| Essington Village Apartments | Columbus, OH | Multifamily | $11.9M | 4.45% | Dec 2027 | 2.88x | 100% | Current |
| Metro Place | Dublin, OH | Office | $7.5M | 4.34% | Jan 2027 | n/a | n/a | Current |
| The Links Apartments | Marysville, OH | Multifamily | $7.0M | 4.489% | Jul 2027 | 2.43x | 90% | Current |
| Crosswoods Commons | Columbus, OH | Retail | $1.6M | 5.55% | Jun 2027 | n/a | n/a | 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.