Retail · Bessemer, Alabama
The Shoppes At Letson Farms
The Shoppes At Letson Farms is financed with a $7.8M CMBS loan at 5.40% that reaches maturity on January 6, 2027, in 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,790,009
- Original balance (same notes)
- $8,850,000
- Interest rate
- 5.40% fixed
- Originated
- December 15, 2016
- Maturity
- January 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- 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
- 4750 Eastern Valley Road and 4760,4761,4764,4765 Eastern Valley Road, Bessemer, AL 35111
- Metro
- Birmingham, AL
- Rentable area
- 95,092 sq ft
- Built
- 2004
- Largest tenants
- Piggly Wiggly I Dennis Stewart; Therapy South; San Antonio Grill Xiaodi
- Value at securitization
- $11.9M (Nov 2016)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.46x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $868K | n/a |
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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.8M | Current | No | n/a | n/a |
| August 2026 | $7.8M | Current | No | n/a | n/a |
| July 2026 | $7.8M | Current | No | n/a | n/a |
| June 2026 | $7.8M | Current | No | n/a | n/a |
| May 2026 | $7.8M | Current | No | n/a | n/a |
| April 2026 | $7.9M | Current | No | 1.52x | 94% |
| March 2026 | $7.9M | Current | No | 1.52x | 94% |
| February 2026 | $7.9M | Current | No | 1.52x | 94% |
| January 2026 | $7.9M | Current | No | 1.52x | 94% |
| December 2025 | $7.9M | Current | No | 1.52x | 94% |
| November 2025 | $7.9M | Current | No | 1.52x | 94% |
| October 2025 | $7.9M | Current | No | 1.52x | 94% |
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 | 28 | $7,790,009 | Sep 2026 | SEC filing, September 28, 2026 |
Other Birmingham loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Summit Birmingham | Birmingham, AL | Retail | $208.0M | 4.762% | Jan 2027 | 2.10x | 93% | Current |
| Southbridge Office Park | Birmingham, AL | Office | $16.8M | 4.39% | Apr 2027 | 1.35x | 67% | Current |
| Redmont Hotel Curio | Birmingham, AL | Hotel | $16.2M | 5.291% | Nov 2027 | 1.05x | 65% | Current |
| Homewood Commons | Birmingham, AL | Retail | $7.7M | 4.558% | Dec 2027 | 1.78x | 76% | Current |
| Center Point Shopping Center | Birmingham, AL | Retail | $4.4M | 4.52% | Oct 2027 | 1.96x | 93% | 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.