Retail · Shelton, Connecticut
The Center at Split Rock
The Center at Split Rock is financed with a $18.4M CMBS loan at 4.12% that reaches maturity on June 1, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $18,362,445
- Original balance (same notes)
- $22,500,000
- Interest rate
- 4.12% fixed
- Originated
- May 17, 2017
- Maturity
- June 1, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 28, 2027
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 698-708 Bridgeport Avenue, Shelton, CT 06484
- Rentable area
- 91,197 sq ft
- Built
- 2007
- Largest tenants
- Walgreens; Tutor Time; Outback/Denver-I Limited Partnership
- Value at securitization
- $35.1M (Apr 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.77x | 1.51x |
| Occupancy | 99% | 90% |
| Net operating income | $2.3M | $2.0M |
| Debt yield | 10.8% |
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 BANK 2017-BNK5 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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
- Occupancy has fallen from 99% when the loan was securitized to 90%.
- Net operating income is 15% below the underwritten figure ($2.0M a year against $2.3M).
- Debt service coverage moved from 1.77x at securitization to 1.51x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $18.4M | Current | No | 1.51x | 90% |
| August 2026 | $18.4M | Current | No | 1.51x | 90% |
| July 2026 | $18.4M | Current | No | 1.51x | 90% |
| June 2026 | $18.5M | Current | No | 1.51x | 90% |
| May 2026 | $18.5M | Current | No | 1.51x | 90% |
| April 2026 | $18.6M | Current | No | 1.53x | 90% |
| March 2026 | $18.6M | Current | No | 1.53x | 90% |
| February 2026 | $18.7M | Current | No | 1.53x | 90% |
| January 2026 | $18.7M | Current | No | 1.53x | 90% |
| December 2025 | $18.8M | Current | No | 1.53x | 90% |
| November 2025 | $18.8M | Current | No | 1.71x | 90% |
| October 2025 | $18.8M | Current | No | 1.71x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2017-BNK5 | 16 | $18,362,445 | Sep 2026 | SEC filing, October 1, 2026 |
Other Connecticut loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| First Stamford Place | Stamford, CT | Office | $164.0M | 4.088% | Jul 2027 | 1.96x | 80% | With the special servicer |
| Landmark Square | Stamford, CT | Mixed use | $100.0M | 4.97% | Jan 2027 | n/a | n/a | Current |
| Two Harbor Point Square | Stamford, CT | Office | $46.3M | 4.217% | Dec 2027 | 1.45x | 100% | Current |
| Connecticut Financial Center | New Haven, CT | Office | $28.2M | 4.797% | Feb 2027 | 2.02x | 75% | Current |
| Home Depot-Bridgeport, CT | Bridgeport, CT | Retail | $13.8M | 5.15% | Mar 2027 | 1.56x | 100% | Current |
| 1 Forest Parkway | Shelton, CT | Office | $11.8M | 4.78% | May 2027 | 1.68x | 100% | Current |
| Sono Square | Norwalk, CT | Mixed use | $10.3M | 4.81% | Aug 2027 | 1.63x | 84% | Current |
| Fox Run Apartments | Ledyard, CT | Multifamily | $6.4M | 4.83% | May 2027 | 1.66x | 98% | 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.