Retail · Austin, Texas
Southridge Plaza Austin
Southridge Plaza Austin is financed with a $14.2M CMBS loan at 4.20% that reaches maturity on September 6, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,200,000
- Original balance (same notes)
- $14,200,000
- Interest rate
- 4.20% fixed
- Originated
- August 28, 2017
- Maturity
- September 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Barclays Bank PLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 500 West William Cannon Drive, Austin, TX 78745
- Metro
- Austin-Round Rock-San Marcos, TX
- Rentable area
- 144,285 sq ft
- Built
- 1978
- Largest tenants
- Auto Zone; Dollar Tree; Octapharma Plasma J
- Value at securitization
- $24.0M (Apr 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.37x | 3.83x |
| Occupancy | 92% | 100% |
| Net operating income (annualized from 6 months) | $1.4M | $2.3M |
| Debt yield | 16.4% |
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 2017-C40 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 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 92% when the loan was securitized to 100%.
- Net operating income is 62% above the underwritten figure ($2.3M a year against $1.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.37x at securitization to 3.83x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.2M | Current | No | 3.83x | 100% |
| August 2026 | $14.2M | Current | No | 3.83x | 100% |
| July 2026 | $14.2M | Current | No | 3.92x | 100% |
| June 2026 | $14.2M | Current | No | 3.92x | 100% |
| May 2026 | $14.2M | Current | No | 3.92x | 100% |
| April 2026 | $14.2M | Current | No | 3.81x | 100% |
| March 2026 | $14.2M | Current | No | 3.81x | 100% |
| February 2026 | $14.2M | Current | No | 3.81x | 100% |
| January 2026 | $14.2M | Current | No | 4.04x | 99% |
| December 2025 | $14.2M | Current | No | 4.04x | 99% |
| November 2025 | $14.2M | Current | No | 4.04x | 99% |
| October 2025 | $14.2M | Current | No | 4.12x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C40 | 15 | $14,200,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Villas At San Gabriel | Austin, TX | Multifamily | $40.4M | 4.886% | Oct 2027 | 2.54x | 41% | Current |
| Hotel Indigo/Holiday Inn Express & Suites | Austin, TX | Hotel | $39.7M | 4.92% | Aug 2027 | 0.85x | 71% | Current |
| 2010 South Lamar Blvd | Austin, TX | Mixed use | $32.1M | 4.13% | Oct 2027 | n/a | n/a | Current |
| Holiday Inn Austin-Town Lake | Austin, TX | Hotel | $26.0M | 4.90% | Jun 2027 | 1.30x | 65% | With the special servicer |
| San Mar Plaza | San Marcos, TX | Retail | $16.8M | 4.725% | Oct 2027 | 2.18x | 100% | Current |
| Balcones Woods Shopping Center | Austin, TX | Retail | $16.4M | 4.70% | Jun 2027 | 2.06x | 95% | Current |
| Texan Pearl | Austin, TX | Multifamily | $13.0M | 5.434% | Mar 2027 | 2.26x | 100% | Current |
| Lohmans Crossing | Lakeway, TX | Retail | $12.6M | 4.93% | Jun 2027 | 1.28x | 94% | Current |
All loans maturing in 2027 · All Austin-Round Rock-San Marcos 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.