Retail · Janesville, Wisconsin
The Marketplace at Janesville
The Marketplace at Janesville is financed with a $7.1M CMBS loan at 4.862% that reaches maturity on November 1, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,148,937
- Original balance (same notes)
- $8,100,000
- Interest rate
- 4.862% fixed
- Originated
- August 29, 2018
- Maturity
- November 1, 2028
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ended
- October 31, 2020
- Prepayment premium ends
- August 31, 2028 (yield maintenance)
- Master servicer
- KeyBank Real Estate Capital
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2700 Pontiac Place, Janesville, WI 53545
- Rentable area
- 71,553 sq ft
- Built
- 1984, renovated 2017
- Largest tenants
- Petsmart; Ross Stores Inc; Five Below Inc
- Value at securitization
- $11.6M (Jul 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 0.92x |
| Occupancy | 100% | 74% |
| Net operating income | n/a | $474K |
| Debt yield | 6.6% |
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 BENCHMARK 2018-B6 MORTGAGE TRUST filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Coverage below 1.00x
- Occupancy down 10 points or more from securitization
On the cmbs.news watch list in every report since August 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 100% when the loan was securitized to 74%.
- At 0.92x, the property's reported NOI does not cover its debt service.
- The filing gives Feb 2028 as the lease end date for the largest tenant (Petsmart), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.1M | Not reported | No | 0.92x | 74% |
| August 2026 | $7.2M | Not reported | No | 0.92x | 74% |
| July 2026 | $7.2M | Not reported | No | 1.21x | 74% |
| June 2026 | $7.2M | Not reported | No | 1.20x | 74% |
| May 2026 | $7.2M | Not reported | No | 1.37x | 74% |
| April 2026 | $7.2M | Late payment but less than 30 days delinquent | No | 1.37x | 74% |
| March 2026 | $7.2M | Not reported | No | 1.37x | 74% |
| February 2026 | $7.2M | Not reported | No | 1.37x | 74% |
| January 2026 | $7.3M | Not reported | No | 1.37x | 74% |
| December 2025 | $7.3M | Not reported | No | 1.37x | 74% |
| November 2025 | $7.3M | Not reported | No | 1.37x | 74% |
| October 2025 | $7.3M | Not reported | No | 1.37x | 74% |
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 |
|---|---|---|---|---|
| BENCHMARK 2018-B6 MORTGAGE TRUST | 42 | $7,148,937 | Sep 2026 | SEC filing, September 25, 2026 |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.