Mixed use · Louisville, Kentucky
Spring River Business Park
Spring River Business Park is financed with a $14.6M CMBS loan at 5.368% that reaches maturity on December 6, 2026, in 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,623,347
- Original balance (same notes)
- $15,700,000
- Interest rate
- 5.368% fixed
- Originated
- December 6, 2016
- Maturity
- December 6, 2026
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- October 5, 2026
- Master servicer
- Midland
- Originator
- JLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2201-2211 River Road and 2301-2307 River Road, Louisville, KY 40206
- Metro
- Louisville/Jefferson County, KY-IN
- Rentable area
- 196,671 sq ft
- Built
- 1999, renovated 2003
- Largest tenants
- Munson Business Interiors, Inc. **Primary**; Vsimple; CGB AgriFinancial, Inc. (CGB Enterprises, Inc.)
- Value at securitization
- $21.8M (Oct 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.83x | 1.29x |
| Occupancy | 98% | 96% |
| Net operating income (annualized from 6 months) | $1.6M | $2.7M |
| Debt yield | 18.8% |
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 COMM 2017-COR2 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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
- Net operating income is 76% above the underwritten figure ($2.7M a year against $1.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.83x at securitization to 1.29x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.6M | Current | No | 1.29x | 96% |
| August 2026 | $14.6M | Current | No | n/a | n/a |
| July 2026 | $14.7M | Current | No | n/a | n/a |
| June 2026 | $14.7M | Current | No | n/a | n/a |
| May 2026 | $14.7M | Current | No | n/a | n/a |
| April 2026 | $14.7M | Current | No | 1.31x | 89% |
| March 2026 | $14.7M | Current | No | 1.31x | 89% |
| February 2026 | $14.8M | Current | No | 1.33x | 89% |
| January 2026 | $14.8M | Current | No | 1.33x | 94% |
| December 2025 | $14.8M | Current | No | 1.33x | 94% |
| November 2025 | $14.8M | Current | No | 1.33x | 94% |
| October 2025 | $14.9M | Current | No | 1.32x | 88% |
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 |
|---|---|---|---|---|
| COMM 2017-COR2 Mortgage Trust | 18 | $14,623,347 | Sep 2026 | SEC filing, September 25, 2026 |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.