Retail · Birmingham, Alabama
The Summit Birmingham
Public CMBS trusts hold $208.0M of the loan on The Summit Birmingham at 4.762% that reaches maturity on January 1, 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
- $208,000,000
- Original balance (same notes)
- $208,000,000
- Interest rate
- 4.762% fixed
- Originated
- December 20, 2016
- Maturity
- January 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 30, 2026
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 214 Summit Boulevard, Birmingham, AL 35243
- Metro
- Birmingham, AL
- Rentable area
- 681,245 sq ft
- Built
- 1997, renovated 2009
- Largest tenants
- Belk; Barnes & Noble; Morgan and Morgan
- Value at securitization
- $383.0M (Nov 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.80x | 2.10x |
| Occupancy | 99% | 93% |
| Net operating income | $18.1M | $21.1M |
| Debt yield | 10.1% |
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 Wells Fargo Commercial Mortgage Trust 2017-RB1 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Occupancy has fallen from 99% when the loan was securitized to 93%.
- Net operating income is 17% above the underwritten figure ($21.1M a year against $18.1M).
- Debt service coverage moved from 1.80x at securitization to 2.10x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $208.0M | Current | No | 2.10x | 93% |
| August 2026 | $208.0M | Current | No | 2.10x | 93% |
| July 2026 | $208.0M | Current | No | 2.10x | 93% |
| June 2026 | $208.0M | Current | No | 2.02x | 93% |
| May 2026 | $208.0M | Current | No | 1.93x | 92% |
| April 2026 | $208.0M | Current | No | 1.93x | 92% |
| March 2026 | $208.0M | Current | No | 1.93x | 92% |
| February 2026 | $208.0M | Current | No | 1.93x | 92% |
| January 2026 | $208.0M | Current | No | 1.93x | 92% |
| December 2025 | $208.0M | Current | No | 1.93x | 92% |
| November 2025 | $208.0M | Current | No | 1.91x | 92% |
| October 2025 | $208.0M | Current | No | 1.91x | 92% |
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3 | 1 | $73,325,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2017-BNK4 | 2 | $61,875,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2017-C1 | 4 | $50,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2017-RB1 | 11 | $22,800,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Birmingham loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 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 |
| The Shoppes At Letson Farms | Bessemer, AL | Retail | $7.8M | 5.40% | Jan 2027 | n/a | n/a | 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.