Retail · Vail, Colorado
The Shops at Solaris
Public CMBS trusts hold $20.0M of the loan on The Shops at Solaris at 4.35% that reaches maturity on November 6, 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
- $20,000,000
- Original balance (same notes)
- $20,000,000
- Interest rate
- 4.35% fixed
- Originated
- October 10, 2018
- Maturity
- November 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2028
- Master servicer
- KeyBank National Association
- Originator
- Citi Real Estate Funding Inc./Cantor Commercial Real Estate Lending, L.P.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 141 East Meadow Drive, Vail, CO 81657
- Rentable area
- 70,670 sq ft
- Built
- 2010
- Largest tenants
- Bol; Chasing Rabbits; Matsuhisa Vail
- Value at securitization
- $150.0M (Aug 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.52x | 3.49x |
| Occupancy | 100% | 100% |
| Net operating income | $7.8M | $10.8M |
| Debt yield | 53.9% |
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 BBCMS Mortgage Trust 2018-C2 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 39% above the underwritten figure ($10.8M a year against $7.8M).
- Debt service coverage moved from 2.52x at securitization to 3.49x on the latest statements.
- The filing gives Sep 2026 as the lease end date for the largest tenant (Bol), 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 | $20.0M | Current | No | 3.49x | 100% |
| August 2026 | $20.0M | Current | No | 3.49x | 100% |
| July 2026 | $20.0M | Current | No | 3.49x | 100% |
| June 2026 | $20.0M | Current | No | 3.49x | 100% |
| May 2026 | $20.0M | Current | No | 3.49x | 100% |
| April 2026 | $20.0M | Current | No | 3.38x | 100% |
| March 2026 | $20.0M | Current | No | 3.38x | 100% |
| February 2026 | $20.0M | Current | No | 3.38x | 100% |
| January 2026 | $20.0M | Current | No | 3.38x | 100% |
| December 2025 | $20.0M | Current | No | 3.38x | 100% |
| November 2025 | $20.0M | Current | No | 3.47x | 100% |
| October 2025 | $20.0M | Current | No | 3.47x | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2018-C2 | 19 | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Colorado loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Re/max Plaza | Denver, CO | Office | $65.5M | 4.681% | Apr 2028 | 3.04x | 100% | Current |
| Shops at Solaris | Vail, CO | Retail | $50.0M | 4.35% | Nov 2028 | 3.66x | 100% | Current |
| Thorncreek Crossing | Thornton, CO | Retail | $30.7M | 4.623% | May 2028 | 2.31x | 99% | Current |
| One Lincoln Station | Lone Tree, CO | Office | $27.0M | 4.805% | Apr 2028 | 0.69x | 76% | Current |
| 3300 East 1st Avenue | Denver, CO | Mixed use | $24.4M | 4.90% | Jun 2028 | 1.83x | 82% | Current |
| Hancock Plaza Colorado Springs | Colorado Springs, CO | Retail | $19.9M | 5.43% | Nov 2028 | 1.36x | 93% | Current |
| Guardian Self Storage-Boulder | Boulder, CO | Self storage | $19.2M | 5.39% | Dec 2028 | n/a | n/a | Current |
| Cherry Tower | Denver, CO | Office | $18.2M | 4.835% | Sep 2028 | 1.26x | 63% | With the special servicer |
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.