Retail · Middletown, Delaware
Shoppes at Westown
Shoppes at Westown is financed with a $14.8M CMBS loan at 6.81% that reaches maturity on July 6, 2031, in 4 years and 8 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $14,775,000
- Original balance (same notes)
- $14,775,000
- Interest rate
- 6.81% fixed
- Originated
- June 30, 2026
- Maturity
- July 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2031
- Originator
- Natixis Real Estate Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 657-693 & 731-777 Middletown-Warwick Road, Middletown, DE 19709
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 80,091 sq ft
- Built
- 2016
- Largest tenants
- Marshalls; The Michaels Companies; Petco Animal Stores
- Value at securitization
- $21.3M (Mar 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.46x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.5M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C43 filing for the reporting period ending October 13, 2026, filed with the SEC October 6, 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
- The filing gives Nov 2030 as the lease end date for the largest tenant (Marshalls), before the loan matures. Lenders look hard at that rollover.
The last 1 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $14.8M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-5C43 | 22 | $14,775,000 | Oct 2026 | SEC filing, October 6, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Atlantic | Philadelphia, PA | Multifamily | $125.0M | 3.456% | Feb 2031 | 1.26x | 95% | Current |
| Deptford Mall | Deptford, NJ | Retail | $115.0M | 6.95% | May 2031 | n/a | n/a | Current |
| 400 Arcola Road | Collegeville, PA | Mixed use | $110.0M | 6.781% | Mar 2031 | n/a | n/a | Current |
| Velocity Industrial Portfolio | Lansdale, PA | Industrial | $75.0M | 3.23% | Jul 2031 | 3.29x | 90% | Current |
| Two Penn Center | Philadelphia, PA | Office | $67.9M | 3.268% | Apr 2031 | 2.07x | 74% | Current |
| 300 Four Falls | Conshohocken, PA | Office | $57.6M | 6.846% | Jan 2031 | 0.96x | 89% | Current |
| Wessex House | Wayne, PA | Multifamily | $57.5M | 5.72% | Mar 2031 | n/a | n/a | Current |
| The Court at Oxford Valley | Fairless Hills, PA | Retail | $52.6M | 3.20% | Jul 2031 | 2.23x | 92% | Current |
All loans maturing in 2031 · All Philadelphia-Camden-Wilmington loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.