Office · Akron, Ohio
Sterling Jewelers Corporate Headquarters I & II
Sterling Jewelers Corporate Headquarters I & II is financed with a $38.5M CMBS loan at 4.79% that reaches its anticipated repayment date on December 5, 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
- $38,500,000
- Original balance (same notes)
- $38,500,000
- Interest rate
- 4.79% fixed
- Originated
- November 10, 2016
- Maturity
- December 5, 2036
- Anticipated repayment date
- December 5, 2026 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ended
- September 4, 2026
- Master servicer
- Trimont LLC
- Originator
- Natixis Real Estate Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 375 Ghent Road, Akron, OH 44333
- Metro
- Akron, OH
- Rentable area
- 271,675 sq ft
- Built
- 1988, renovated 2017
- Largest tenants
- Sterling & Sterling Inc.
- Value at securitization
- $61.9M (Aug 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 2.07x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $3.5M | $3.9M |
| Debt yield | 10.1% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P7 filing for the reporting period ending September 10, 2026, filed with the SEC September 30, 2026.
- 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 11% above the underwritten figure ($3.9M a year against $3.5M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.87x at securitization to 2.07x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $38.5M | Current | No | 2.07x | 100% |
| August 2026 | $38.5M | Current | No | 2.07x | 100% |
| July 2026 | $38.5M | Current | No | 2.07x | 100% |
| June 2026 | $38.5M | Current | No | 2.04x | 100% |
| May 2026 | $38.5M | Current | No | 2.04x | 100% |
| April 2026 | $38.5M | Current | No | 2.04x | 100% |
| March 2026 | $38.5M | Current | No | 2.05x | 100% |
| February 2026 | $38.5M | Current | No | 2.05x | 100% |
| January 2026 | $38.5M | Current | No | 2.05x | 100% |
| November 2025 | $38.5M | Current | No | 2.06x | 100% |
| October 2025 | $38.5M | Current | No | 2.06x | 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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P7 | 8 | $38,500,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Akron loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sterling Jewelers Corporate Hq III | Akron, OH | Office | $13.6M | 4.29% | Nov 2026 | 2.34x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 10, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.