Retail · Pickerington, Ohio
Shoppes at Stonecreek
Shoppes at Stonecreek is financed with a $5.7M CMBS loan at 5.117% that reaches maturity on August 6, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,684,618
- Original balance (same notes)
- $6,562,500
- Interest rate
- 5.117% fixed
- Originated
- July 27, 2018
- Maturity
- August 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- May 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1520 Stonecreek Drive South, Pickerington, OH 43147
- Metro
- Columbus, OH
- Rentable area
- 44,874 sq ft
- Built
- 2013
- Largest tenants
- Life Time Fitness; Roosters Men's Grooming Center; Petland
- Value at securitization
- $8.8M (Jun 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.42x | 1.65x |
| Occupancy | 96% | 100% |
| Net operating income | $610K | $707K |
| Debt yield | 12.4% |
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 Wells Fargo Commercial Mortgage Trust 2018-C47 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Occupancy has risen from 96% when the loan was securitized to 100%.
- Net operating income is 16% above the underwritten figure ($707K a year against $610K).
- Debt service coverage moved from 1.42x at securitization to 1.65x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.7M | Current | No | 1.65x | 100% |
| August 2026 | $5.7M | Current | No | 1.65x | 100% |
| July 2026 | $5.7M | Current | No | 1.65x | 100% |
| June 2026 | $5.7M | Current | No | 1.65x | 100% |
| May 2026 | $5.7M | Current | No | 1.65x | 100% |
| April 2026 | $5.7M | Current | No | 1.65x | 100% |
| March 2026 | $5.7M | Current | No | 1.65x | 100% |
| February 2026 | $5.8M | Current | No | 1.65x | 100% |
| January 2026 | $5.8M | Current | No | 1.65x | 100% |
| December 2025 | $5.8M | Current | No | 1.66x | 100% |
| November 2025 | $5.8M | Current | No | 1.66x | 100% |
| October 2025 | $5.8M | Current | No | 1.66x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C47 | 48 | $5,684,618 | Sep 2026 | SEC filing, September 29, 2026 |
Other Columbus loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sun Center Plaza | Columbus, OH | Retail | $47.5M | 6.97% | Dec 2028 | 1.78x | 99% | Current |
| Carriage Place | Columbus, OH | Retail | $28.3M | 4.91% | Oct 2028 | 1.42x | 97% | Current |
| Alliance Data Systems | Columbus, OH | Office | $26.6M | 4.942% | Aug 2028 | n/a | n/a | Current |
| Fedex Distribution Center, Groveport | Groveport, OH | Industrial | $21.1M | 4.76% | Mar 2028 | 2.34x | 100% | Current |
| 445 Hutchinson | Columbus, OH | Office | $18.2M | 4.94% | Sep 2028 | 1.16x | 75% | Late, less than 30 days |
| Parkway Centre North | Grove City, OH | Retail | $15.8M | 4.701% | Jul 2028 | 2.03x | 100% | Current |
| North West Square | Columbus, OH | Retail | $14.0M | 4.93% | May 2028 | 2.07x | 98% | Current |
| One Mill Run | Hilliard, OH | Office | $13.6M | 5.269% | Mar 2028 | 0.88x | 56% | 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.