Retail · Benton, Arkansas
Shoppes of Benton
Shoppes of Benton is financed with a $19.6M CMBS loan at 4.925% that reaches maturity on April 1, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $19,644,850
- Original balance (same notes)
- $22,975,000
- Interest rate
- 4.925% fixed
- Originated
- March 20, 2018
- Maturity
- April 1, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 30, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently June 1, 2020
- Defeasance
- None reported
The property
- Address
- 20380 I-30 Frontage Road, Benton, AR 72015
- Metro
- Little Rock-North Little Rock-Conway, AR
- Rentable area
- 173,764 sq ft
- Built
- 2017
- Largest tenants
- Hobby Lobby; T J Maxx; Petsmart
- Value at securitization
- $32.4M (Jan 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.35x | 1.46x |
| Occupancy | 93% | 99% |
| Net operating income (annualized from 3 months) | $2.0M | $2.2M |
| Debt yield | 11.1% |
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 BANK 2018-BNK11 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Modified
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 93% when the loan was securitized to 99%.
- Net operating income is 10% above the underwritten figure ($2.2M a year against $2.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.35x at securitization to 1.46x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $19.6M | Current | No | 1.46x | 99% |
| August 2026 | $19.7M | Current | No | 1.46x | 99% |
| July 2026 | $19.7M | Current | No | 1.46x | 99% |
| June 2026 | $19.8M | Current | No | 1.46x | 99% |
| May 2026 | $19.8M | Current | No | 1.48x | 99% |
| April 2026 | $19.8M | Current | No | 1.48x | 99% |
| March 2026 | $19.9M | Current | No | 1.48x | 99% |
| February 2026 | $19.9M | Current | No | 1.48x | 99% |
| January 2026 | $20.0M | Current | No | 1.48x | 99% |
| December 2025 | $20.0M | Current | No | 1.48x | 99% |
| November 2025 | $20.0M | Current | No | 1.48x | 99% |
| October 2025 | $20.1M | Current | No | 1.48x | 99% |
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 2018-BNK11 | 12 | $19,644,850 | Sep 2026 | SEC filing, October 1, 2026 |
Other Little Rock-North Little Rock-Conway loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Conway Commons | Conway, AR | Retail | $45.0M | 4.69% | Aug 2028 | 1.72x | 99% | Late, less than 30 days |
| Argenta Flats | North Little Rock, AR | Multifamily | $10.9M | 5.46% | Dec 2028 | 1.18x | 91% | Current |
All loans maturing in 2028 · All Little Rock-North Little Rock-Conway loans
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.