Retail · Gilbert, Arizona
Spectrum Town Center
Spectrum Town Center is financed with a $28.1M CMBS loan at 4.387% that reaches maturity on November 1, 2027, in 12 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $28,060,786
- Original balance (same notes)
- $30,000,000
- Interest rate
- 4.387% fixed
- Originated
- October 4, 2017
- Maturity
- November 1, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- July 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently July 1, 2020
- Defeasance
- None reported
The property
- Address
- 2470, 2512, 2530, 2540, 2556, 2570 and 2582 South Val Vista Drive, and 1397, 1401, 1431, 1433, 1447,and 1451 East Williams Field Road, Gilbert, AZ 85295
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 170,388 sq ft
- Built
- 2006
- Largest tenants
- Sprouts Farmers Market; Center Court Pickleball Club Gilbert LLC; Dollar Tree
- Value at securitization
- $47.7M (Sep 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.57x | 1.98x |
| Occupancy | 95% | 98% |
| Net operating income (annualized from 6 months) | $2.8M | $3.6M |
| Debt yield | 12.8% |
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 BANK 2017-BNK9 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 95% when the loan was securitized to 98%.
- Net operating income is 28% above the underwritten figure ($3.6M a year against $2.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.57x at securitization to 1.98x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $28.1M | Current | No | 1.98x | 98% |
| August 2026 | $28.1M | Current | No | 1.98x | 98% |
| July 2026 | $28.1M | Current | No | 2.01x | 98% |
| June 2026 | $28.2M | Current | No | 2.01x | 98% |
| May 2026 | $28.2M | Current | No | 2.01x | 98% |
| April 2026 | $28.3M | Current | No | 1.98x | 100% |
| March 2026 | $28.3M | Current | No | 1.98x | 100% |
| February 2026 | $28.4M | Current | No | 1.98x | 100% |
| January 2026 | $28.4M | Current | No | 1.98x | 100% |
| December 2025 | $28.5M | Current | No | 1.98x | 100% |
| November 2025 | $28.5M | Current | No | 1.95x | 100% |
| October 2025 | $28.6M | Current | No | 1.95x | 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 |
|---|---|---|---|---|
| BANK 2017-BNK9 | 10 | $28,060,786 | Sep 2026 | SEC filing, September 29, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Northern Trust Office | Tempe, AZ | Office | $40.4M | 3.56% | Oct 2027 | 2.59x | 100% | Current |
| Gateway Crossing | Avondale, AZ | Retail | $30.7M | 4.73% | Mar 2027 | 1.19x | 99% | Current |
| Metro Towne Center | Phoenix, AZ | Retail | $18.4M | 4.12% | Sep 2027 | 2.42x | 93% | Current |
| Heritage Marketplace | Gilbert, AZ | Retail | $14.5M | 4.659% | Nov 2027 | 1.48x | 94% | Current |
| Thunderbird Beltway | Peoria, AZ | Retail | $11.2M | 4.59% | May 2027 | 1.93x | 95% | Current |
| Kohls - Scottsdale | Scottsdale, AZ | Retail | $11.1M | 4.46% | May 2027 | 1.60x | 100% | Current |
| Paseo Lindo | Chandler, AZ | Retail | $9.1M | 4.23% | Oct 2027 | 5.45x | 100% | Current |
| Dollar Self Storage Peoria | Phoenix, AZ | Self storage | $6.1M | 5.24% | Mar 2027 | 1.95x | 82% | Current |
All loans maturing in 2027 · All Phoenix-Mesa-Chandler 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.