Retail · New Orleans, Louisiana
The Shoppes at Mid-City
The Shoppes at Mid-City is financed with a $7.7M CMBS loan at 4.73% that reaches maturity on July 1, 2027, in 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,678,872
- Original balance (same notes)
- $8,565,000
- Interest rate
- 4.73% fixed
- Originated
- June 30, 2017
- Maturity
- July 1, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- February 28, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 510/520/530/550/560 North Carrollton Avenue, New Orleans, LA 70119
- Metro
- New Orleans-Metairie, LA
- Rentable area
- 37,671 sq ft
- Built
- 2016
- Largest tenants
- Marshalls; Petco; T-Mobile
- Value at securitization
- $12.6M (Mar 2017)
Performance
| At securitization | Latest (Jul 2025) | |
|---|---|---|
| DSCR (NOI) | 1.54x | 1.26x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $823K | $668K |
| Debt yield | 8.7% |
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-BNK6 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Matures within 12 months
- Largest tenant's lease ends 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 19% below the underwritten figure ($668K a year against $823K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.54x at securitization to 1.26x on the latest statements.
- The filing gives Oct 2026 as the lease end date for the largest tenant (Marshalls), 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 | $7.7M | Current | No | 1.26x | 100% |
| August 2026 | $7.7M | Current | No | 1.26x | 100% |
| July 2026 | $7.7M | Current | No | 1.26x | 100% |
| June 2026 | $7.7M | Current | No | 1.26x | 100% |
| May 2026 | $7.7M | Current | No | 1.20x | 100% |
| April 2026 | $7.7M | Current | No | 1.31x | 100% |
| March 2026 | $7.8M | Current | No | 1.31x | 100% |
| February 2026 | $7.8M | Current | No | 1.31x | 100% |
| January 2026 | $7.8M | Current | No | 1.38x | 100% |
| December 2025 | $7.8M | Current | No | 1.38x | 100% |
| November 2025 | $7.8M | Current | No | 1.38x | 100% |
| October 2025 | $7.8M | Current | No | 1.38x | 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 |
|---|---|---|---|---|
| BANK 2017-BNK6 | 29 | $7,678,872 | Sep 2026 | SEC filing, September 29, 2026 |
Other New Orleans-Metairie loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lakeside Shopping Center | Metairie, LA | Retail | $175.0M | 3.77% | Aug 2027 | 2.34x | 98% | Current |
| Carrollton Avenue Shopping Center | New Orleans, LA | Retail | $20.4M | 4.99% | Jan 2027 | 1.53x | 98% | Current |
| Centre at Westbank | Harvey, LA | Retail | $18.7M | 5.00% | Apr 2027 | 1.78x | 98% | Current |
| Trader Joes Center | Metairie, LA | Retail | $14.5M | 3.90% | Dec 2027 | 2.42x | 79% | Current |
| The Refinery | New Orleans, LA | Mixed use | $8.3M | 4.92% | Apr 2027 | 1.76x | 97% | Current |
| 6851 Veterans Memorial Blvd | Metairie, LA | Retail | $8.2M | 4.448% | May 2027 | 1.66x | 98% | Current |
| CVS New Orleans | New Orleans, LA | Retail | $7.2M | 4.708% | Jul 2027 | 1.07x | 100% | Current |
| Best Western Plus - Chalmette | Chalmette, LA | Hotel | $4.5M | 5.416% | Dec 2027 | 0.78x | 52% | 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.