Retail · San Antonio, Texas
Shops at the Canyons
Shops at the Canyons is financed with a $7.3M CMBS loan at 4.40% that reaches maturity on July 6, 2027, in 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,347,788
- Original balance (same notes)
- $8,250,000
- Interest rate
- 4.40% fixed
- Originated
- June 9, 2017
- Maturity
- July 6, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- March 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Deutsche Bank AG, New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3107 & 3111 Tpc Parkway, San Antonio, TX 78259
- Metro
- San Antonio-New Braunfels, TX
- Rentable area
- 48,068 sq ft
- Built
- 2008
- Largest tenants
- Anytime Fitness; Promotion Physical Therapy PC; Angkor Bistro
- Value at securitization
- $12.5M (Apr 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.45x | 2.03x |
| Occupancy | 85% | 94% |
| Net operating income (annualized from 6 months) | $902K | $1.0M |
| Debt yield | 13.8% |
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 CD 2017-CD5 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
- Matures 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 risen from 85% when the loan was securitized to 94%.
- Net operating income is 12% above the underwritten figure ($1.0M a year against $902K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.45x at securitization to 2.03x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.3M | Current | No | 2.03x | 94% |
| August 2026 | $7.4M | Current | No | 2.03x | 94% |
| July 2026 | $7.4M | Current | No | 2.40x | 97% |
| June 2026 | $7.4M | Current | No | 2.40x | 97% |
| May 2026 | $7.4M | Current | No | 2.40x | 97% |
| April 2026 | $7.4M | Current | No | 1.92x | 97% |
| March 2026 | $7.4M | Current | No | 1.92x | 97% |
| February 2026 | $7.4M | Current | No | 1.92x | 97% |
| January 2026 | $7.5M | Current | No | 2.00x | 97% |
| December 2025 | $7.5M | Current | No | 2.00x | 97% |
| November 2025 | $7.5M | Current | No | 2.00x | 97% |
| October 2025 | $7.5M | Current | No | 1.96x | 97% |
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 |
|---|---|---|---|---|
| CD 2017-CD5 MORTGAGE TRUST | 35 | $7,347,788 | Sep 2026 | SEC filing, September 30, 2026 |
Other San Antonio-New Braunfels loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| San Antonio Business Park | San Antonio, TX | Industrial | $30.0M | 4.73% | Nov 2027 | n/a | n/a | Current |
| Las Palmas | San Antonio, TX | Retail | $20.4M | 4.758% | Feb 2027 | n/a | n/a | Current |
| Grandview Shopping Center, San Antonio | San Antonio, TX | Retail | $14.5M | 4.89% | Sep 2027 | 1.22x | 90% | With the special servicer |
| Park Oaks Shopping Center | San Antonio, TX | Retail | $13.7M | 4.62% | May 2027 | 1.23x | 95% | Current |
| Boardwalk Shopping Center | San Antonio, TX | Retail | $6.5M | 4.86% | Jun 2027 | 1.84x | 98% | Current |
| American Mini Storage - Converse | Converse, TX | Self storage | $4.7M | 4.50% | Sep 2027 | 2.10x | 88% | Current |
All loans maturing in 2027 · All San Antonio-New Braunfels 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.