Multifamily · Cuyahoga Falls, Ohio
Studio City Apartments
Studio City Apartments is financed with a $5.0M CMBS loan at 5.519% that reaches maturity on February 6, 2027, in 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,993,047
- Original balance (same notes)
- $6,450,000
- Interest rate
- 5.519% fixed
- Originated
- January 25, 2017
- Maturity
- February 6, 2027
- Payments
- Amortizing over 25 years
- Prepayment lockout ended
- April 5, 2019
- Master servicer
- Midland Loan Services, A Divis
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2255-2319 Winter Parkway and 290 Munroe Falls Ave, Cuyahoga Falls, OH 44221
- Metro
- Akron, OH
- Units, rooms or beds
- 374
- Built
- 1968
- Value at securitization
- $11.7M (Dec 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.90x | 2.55x |
| Occupancy | 96% | 91% |
| Net operating income (annualized from 6 months) | $904K | $2.4M |
| Debt yield | 49.0% |
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-JP5 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Occupancy has fallen from 96% when the loan was securitized to 91%.
- Net operating income is 171% above the underwritten figure ($2.4M a year against $904K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.90x at securitization to 2.55x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.0M | Current | No | 2.55x | 91% |
| August 2026 | $5.0M | Current | No | 2.55x | 91% |
| July 2026 | $5.0M | Current | No | n/a | n/a |
| June 2026 | $5.0M | Current | No | n/a | n/a |
| May 2026 | $5.1M | Current | No | n/a | n/a |
| April 2026 | $5.1M | Current | No | 2.32x | 91% |
| March 2026 | $5.1M | Current | No | 2.32x | 91% |
| February 2026 | $5.1M | Current | No | 2.32x | 91% |
| January 2026 | $5.1M | Current | No | 1.89x | 93% |
| December 2025 | $5.1M | Current | No | 1.89x | 93% |
| November 2025 | $5.2M | Current | No | 1.89x | 93% |
| October 2025 | $5.2M | Current | No | 2.37x | 95% |
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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2017-JP5 | 31 | $4,993,047 | Sep 2026 | SEC filing, September 28, 2026 |
Other Akron loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marketplace at Four Corners | Aurora, OH | Retail | $35.6M | 4.916% | Dec 2027 | 1.25x | 93% | Current |
| Macedonia Commons | Macedonia, OH | Retail | $30.6M | 4.45% | Sep 2027 | 1.91x | 98% | Current |
| Norton and Barberton | Barberton, OH | Multifamily | $12.0M | 5.17% | Dec 2027 | n/a | n/a | Current |
| 2 Corporate Parkway | Twinsburg, OH | Industrial | $9.6M | 4.954% | Mar 2027 | 1.90x | 99% | Current |
| Barrington Town Center | Aurora, OH | Retail | $8.0M | 4.91% | Apr 2027 | 1.32x | 87% | With the special servicer |
| Fedex - Akron | Akron, OH | Industrial | $2.0M | 5.73% | Feb 2027 | 1.40x | 100% | 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.