Retail · Statesboro, Georgia
Statesboro Crossing
Statesboro Crossing is financed with a $14.5M CMBS loan at 4.70% that reaches maturity on September 1, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,497,171
- Original balance (same notes)
- $16,125,000
- Interest rate
- 4.70% fixed
- Originated
- August 23, 2018
- Maturity
- September 1, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- April 30, 2028
- Master servicer
- Wells Fargo
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 201-221, 255-393 Henry Blvd, Statesboro, GA 30458
- Rentable area
- 155,185 sq ft
- Built
- 2008, renovated 2018
- Largest tenants
- Hobby Lobby; TJMaxx; Books a Million
- Value at securitization
- $22.5M (Jul 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.73x | 2.45x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.7M | $4.9M |
| Debt yield | 34.1% |
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 Morgan Stanley Capital I Trust 2018-L1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 185% above the underwritten figure ($4.9M a year against $1.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.73x at securitization to 2.45x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.5M | Current | No | 2.45x | 100% |
| August 2026 | $14.5M | Late payment but less than 30 days delinquent | No | 1.97x | 100% |
| July 2026 | $14.5M | Current | No | 1.97x | 100% |
| June 2026 | $14.6M | Current | No | 1.97x | 100% |
| May 2026 | $14.6M | Current | No | 1.97x | 100% |
| April 2026 | $14.6M | Current | No | 2.13x | 100% |
| March 2026 | $14.7M | Late payment but less than 30 days delinquent | No | 2.13x | 100% |
| February 2026 | $14.7M | Late payment but less than 30 days delinquent | No | 2.19x | 100% |
| January 2026 | $14.7M | Late payment but less than 30 days delinquent | No | 2.19x | 100% |
| December 2025 | $14.7M | Current | No | 2.19x | 100% |
| November 2025 | $14.8M | Late payment but less than 30 days delinquent | No | 2.32x | 100% |
| October 2025 | $14.8M | Current | No | 2.32x | 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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2018-L1 | 22 | $14,497,171 | Sep 2026 | SEC filing, October 2, 2026 |
Other Georgia loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cumberland Mall | Atlanta, GA | Retail | $180.0M | 7.87% | May 2028 | 1.68x | 98% | Current |
| 1025 Lenox Park | Atlanta, GA | Office | $75.0M | 7.913% | Oct 2028 | n/a | n/a | Current |
| Shoppes at River Crossing | Macon, GA | Retail | $65.0M | 7.875% | Apr 2028 | 1.85x | 94% | Current |
| The Prado | Sandy Springs, GA | Retail | $42.0M | 8.80% | Dec 2028 | 1.12x | 90% | Current |
| Hilton Garden Inn Atlanta Downtown | Atlanta, GA | Hotel | $39.5M | 8.39% | Nov 2028 | 2.07x | 77% | Current |
| Perimeter Square | Atlanta, GA | Retail | $35.0M | 5.545% | Nov 2028 | 1.67x | 100% | Current |
| Residence at Patriot Place | Columbus, GA | Multifamily | $33.0M | 6.751% | Dec 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 1000 Windward Concourse | Alpharetta, GA | Office | $29.7M | 4.995% | Nov 2028 | 0.58x | 43% | Current |
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.