Retail · Pottstown, Pennsylvania
Town Square Plaza, Pottstown
Town Square Plaza is financed with a $19.0M CMBS loan at 4.32% that reaches maturity on June 6, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $19,034,743
- Original balance (same notes)
- $21,450,000
- Interest rate
- 4.32% fixed
- Originated
- May 30, 2017
- Maturity
- June 6, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- April 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1100-1140 Town Square Road, Pottstown, PA 19465
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 215,610 sq ft
- Built
- 2005
- Largest tenants
- Lowes; Petsmart; Auto Zone
- Value at securitization
- $30.5M (May 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.36x | 0.98x |
| Occupancy | 98% | 100% |
| Net operating income (annualized from 3 months) | $2.2M | $1.3M |
| Debt yield | 6.6% |
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 CD 2017-CD5 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
On the cmbs.news watch list in every report since April 2026.
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 43% below the underwritten figure ($1.3M a year against $2.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.36x at securitization to 0.98x on the latest statements.
- At 0.98x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $19.0M | Current | No | 0.98x | 100% |
| August 2026 | $19.1M | Current | No | 0.98x | 100% |
| July 2026 | $19.1M | Current | No | 0.98x | 87% |
| June 2026 | $19.2M | Late payment but less than 30 days delinquent | No | 0.98x | 87% |
| May 2026 | $19.2M | Current | No | 0.98x | 87% |
| April 2026 | $19.2M | Current | No | 0.98x | 87% |
| March 2026 | $19.3M | Current | No | 1.02x | 87% |
| February 2026 | $19.3M | Late payment but less than 30 days delinquent | No | 1.02x | 87% |
| January 2026 | $19.4M | Late payment but less than 30 days delinquent | No | 1.51x | 80% |
| December 2025 | $19.4M | Current | No | 1.51x | 80% |
| November 2025 | $19.4M | Current | No | 1.51x | 80% |
| October 2025 | $19.5M | Late payment but less than 30 days delinquent | No | 1.51x | 80% |
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 |
|---|---|---|---|---|
| CD 2017-CD5 MORTGAGE TRUST | 13 | $19,034,743 | Sep 2026 | SEC filing, September 30, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Apex Fort Washington | Fort Washington, PA | Office | $48.0M | 5.28% | Mar 2027 | 1.12x | 66% | Current |
| Riverview Landing | Eagleville, PA | Multifamily | $44.0M | 4.944% | Nov 2027 | 1.32x | 93% | Current |
| Rodin Place | Philadelphia, PA | Mixed use | $41.6M | 4.35% | Aug 2027 | 1.55x | 76% | Current |
| Great Valley Commerce Center | Malvern, PA | Office | $40.9M | 4.48% | Aug 2027 | 1.91x | 86% | Current |
| Overlook at King of Prussia | King of Prussia, PA | Retail | $40.8M | 3.82% | Sep 2027 | 2.17x | 100% | Current |
| Kirkwood Plaza | Wilmington, DE | Retail | $32.5M | 4.59% | Nov 2027 | 2.06x | 79% | Current |
| Bakers Centre | Philadelphia, PA | Retail | $32.0M | 3.942% | Nov 2027 | 3.06x | 100% | Current |
| Valley Creek Corporate Center | Exton, PA | Office | $31.6M | 4.30% | Jun 2027 | 1.18x | 49% | With the special servicer |
All loans maturing in 2027 · All Philadelphia-Camden-Wilmington loans
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.