Office · Allentown, Pennsylvania
St. Lukes Office
Public CMBS trusts hold $29.0M of the loan on St. Lukes Office at 4.69% that reaches maturity on May 6, 2027, in 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $29,008,238
- Original balance (same notes)
- $34,000,000
- Interest rate
- 4.69% fixed
- Originated
- April 18, 2017
- Maturity
- May 6, 2027
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ended
- July 5, 2019
- Prepayment premium ends
- January 5, 2027
- Master servicer
- Trimont LLC
- Originator
- BSP
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred August 13, 2026
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 1110 American Parkway Northeast, Allentown, PA 18109
- Metro
- Allentown-Bethlehem-Easton, PA-NJ
- Rentable area
- 566,622 sq ft
- Built
- 2001, renovated 2015
- Largest tenants
- St. Luke's Health In; BROADCOM CORPORATION; FULLER Technologies Inc
- Value at securitization
- $92.0M (Dec 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.90x | 1.48x |
| Occupancy | 91% | 73% |
| Net operating income (annualized from 6 months) | $6.0M | $4.7M |
| 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 JPMCC Commercial Mortgage Securities Trust 2017-JP7 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
On the cmbs.news watch list in every report since September 2026.
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 fallen from 91% when the loan was securitized to 73%.
- Net operating income is 21% below the underwritten figure ($4.7M a year against $6.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.90x at securitization to 1.48x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $29.0M | Late payment but less than 30 days delinquent | Yes | 1.48x | 73% |
| August 2026 | $29.0M | Current | No | 1.48x | 73% |
| July 2026 | $29.1M | Current | No | 1.58x | 91% |
| June 2026 | $29.1M | Current | No | 1.58x | 91% |
| May 2026 | $29.2M | Current | No | 1.90x | 91% |
| April 2026 | $29.2M | Current | No | 1.90x | 91% |
| March 2026 | $29.3M | Current | No | 1.90x | 91% |
| February 2026 | $29.4M | Current | No | 1.91x | 91% |
| January 2026 | $29.4M | Current | No | 1.91x | 91% |
| December 2025 | $29.5M | Current | No | 1.98x | 90% |
| November 2025 | $29.6M | Current | No | 1.98x | 90% |
| October 2025 | $29.6M | Current | No | 1.98x | 90% |
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.
Special-servicing history
- Transferred to the special servicer August 13, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2017-C8 Commercial Mortgage Trust | 8 | $14,504,119 | Sep 2026 | SEC filing, September 28, 2026 |
| JPMCC Commercial Mortgage Securities Trust 2017-JP7 | 14 | $14,504,119 | Sep 2026 | SEC filing, September 28, 2026 |
Other Allentown-Bethlehem-Easton loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lehigh Valley Mall | Whitehall, PA | Retail | $164.8M | 4.056% | Nov 2027 | 1.89x | 84% | Current |
| Integrated Health Campus | Allentown, PA | Office | $47.3M | 4.34% | Sep 2027 | 1.41x | 93% | Current |
All loans maturing in 2027 · All Allentown-Bethlehem-Easton 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.