Retail portfolio, 2 properties · Multiple locations
TKG 4 Retail Portfolio
This portfolio is financed with a $24.5M CMBS loan at 4.19% that reaches maturity on November 1, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $24,536,250
- Original balance (same notes)
- $24,536,250
- Interest rate
- 4.19% fixed
- Originated
- October 25, 2016
- Maturity
- November 1, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- October 31, 2018
- Prepayment premium ends
- July 31, 2026 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Value at securitization
- $36.5M
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.37x | 1.94x |
| Occupancy | 98% | 95% |
| Net operating income (annualized from 6 months) | $2.5M | $2.3M |
| Debt yield | 9.2% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-B1 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
- 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 98% when the loan was securitized to 95%.
- Net operating income is 8% below the underwritten figure ($2.3M a year against $2.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.37x at securitization to 1.94x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $24.5M | Current | No | 1.94x | 95% |
| August 2026 | $24.5M | Current | No | 2.12x | 96% |
| July 2026 | $24.5M | Current | No | 2.12x | 96% |
| June 2026 | $24.5M | Current | No | 1.91x | 96% |
| May 2026 | $24.5M | Current | No | 1.91x | 96% |
| April 2026 | $24.5M | Current | No | 1.91x | 96% |
| March 2026 | $24.5M | Current | No | 1.92x | 96% |
| February 2026 | $24.5M | Current | No | 1.92x | 96% |
| January 2026 | $24.5M | Current | No | 1.92x | 96% |
| December 2025 | $24.5M | Current | No | 1.92x | 96% |
| November 2025 | $24.5M | Current | No | 1.92x | 96% |
| October 2025 | $24.5M | Current | No | 2.10x | 96% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-B1 | 12 | $24,536,250 | Sep 2026 | SEC filing, September 30, 2026 |
Other retail loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fresno Fashion Fair Mall | Fresno, CA | Retail | $225.0M | 3.587% | Nov 2026 | 2.16x | 96% | With the special servicer and 30-59 days delinquent |
| Fair Oaks Mall | Fairfax, VA | Retail | $151.1M | 4.258% | Nov 2026 | 1.53x | 90% | Current |
| Potomac Mills | Woodbridge, VA | Retail | $145.5M | 2.988% | Nov 2026 | 4.48x | 95% | Current |
| Gurnee Mills | Gurnee, IL | Retail | $89.0M | 3.99% | Oct 2026 | 2.27x | 91% | Current |
| Wolfchase Galleria | Memphis, TN | Retail | $84.6M | 4.146% | Nov 2026 | 1.94x | 69% | Late, less than 30 days |
| Meadowood Mall | Reno, NV | Retail | $70.4M | 3.93% | Dec 2026 | 2.00x | 91% | Current |
| Walgreens - Wauwatosa, WI | Wauwatosa, WI | Retail | $35.0M | 4.593% | Dec 2026 | n/a | n/a | Current |
| Walgreens - Nashville | Nashville, TN | Retail | $32.9M | 4.593% | Dec 2026 | n/a | n/a | 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.