Retail · Indianapolis, Indiana
Speedway Marketplace
Speedway Marketplace is financed with a $2.8M CMBS loan at 4.72% that reaches maturity on September 11, 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
- $2,783,903
- Original balance (same notes)
- $3,325,000
- Interest rate
- 4.72% fixed
- Originated
- September 8, 2017
- Maturity
- September 11, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- May 10, 2027
- Master servicer
- Trimont LLC
- Originator
- C-III Commercial Mortgage LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6321 Crawfordsville Road, Indianapolis, IN 46224
- Metro
- Indianapolis-Carmel-Greenwood, IN
- Rentable area
- 11,200 sq ft
- Built
- 2017
- Largest tenants
- Chicago Pizza & Brewery BJ's Pizza; Chipotle Mexican Grill Inc.; Starbuck's Coffee
- Value at securitization
- $4.8M (Jun 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.46x | 1.84x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $304K | $385K |
| 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 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
- Largest tenant's lease ends 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
- Net operating income is 27% above the underwritten figure ($385K a year against $304K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.46x at securitization to 1.84x on the latest statements.
- The filing gives Jun 2027 as the lease end date for the largest tenant (Chicago Pizza & Brewery BJ's Pizza), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.8M | Current | No | 1.84x | 100% |
| August 2026 | $2.8M | Current | No | 1.54x | 100% |
| July 2026 | $2.8M | Current | No | 1.54x | 100% |
| June 2026 | $2.8M | Current | No | 1.48x | 100% |
| May 2026 | $2.8M | Current | No | 1.48x | 100% |
| April 2026 | $2.8M | Current | No | 1.48x | 100% |
| March 2026 | $2.8M | Current | No | 1.52x | 100% |
| February 2026 | $2.8M | Current | No | 1.52x | 100% |
| January 2026 | $2.8M | Current | No | 1.52x | 100% |
| December 2025 | $2.8M | Current | No | 1.52x | 100% |
| November 2025 | $2.8M | Current | No | 1.53x | 100% |
| October 2025 | $2.9M | Current | No | 1.53x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C40 | 50 | $2,783,903 | Sep 2026 | SEC filing, September 29, 2026 |
Other Indianapolis-Carmel-Greenwood loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hamilton Crossing, Carmel | Carmel, IN | Office | $45.7M | 4.92% | Feb 2027 | 1.36x | 66% | With the special servicer |
| Lockefield Gardens | Indianapolis, IN | Multifamily | $30.4M | 4.618% | Nov 2027 | 1.35x | 88% | Current |
| Covance Business Center | Indianapolis, IN | Mixed use | $20.3M | 4.45% | Oct 2027 | 1.72x | 100% | Current |
| Meridian North | Indianapolis, IN | Mixed use | $15.4M | 4.82% | Nov 2027 | 1.90x | 98% | Current |
| Shiloh Crossing | Avon, IN | Retail | $10.4M | 4.774% | May 2027 | 1.67x | 100% | Current |
| Mill Creek Self Storage | Noblesville, IN | Self storage | $5.9M | 5.38% | Feb 2027 | 1.65x | 85% | Current |
| 117 East Washington | Indianapolis, IN | Mixed use | $5.5M | 4.74% | Sep 2027 | 2.02x | 100% | Current |
| Cvs Retail Plaza | Indianapolis, IN | Retail | $5.3M | 4.36% | Aug 2027 | 3.50x | 100% | Current |
All loans maturing in 2027 · All Indianapolis-Carmel-Greenwood 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.