Retail · Winter Haven, Florida
Towne Center At Cypress Gardens
Towne Center At Cypress Gardens is financed with a $2.6M CMBS loan at 5.094% that reaches maturity on July 6, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,592,437
- Original balance (same notes)
- $3,000,000
- Interest rate
- 5.094% fixed
- Originated
- June 7, 2018
- Maturity
- July 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- March 5, 2028
- Master servicer
- Berkeley Point Capital
- Originator
- CCRE
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5935 & 5937 Cypress Gardens Boulevard, Winter Haven, FL 33884
- Metro
- Lakeland-Winter Haven, FL
- Rentable area
- 21,582 sq ft
- Built
- 2007
- Largest tenants
- ST. GERMAIN CHIROPRACT; HN NAILS & SPA; SAIGON GARDEN
- Value at securitization
- $5.0M (Apr 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.91x | 2.66x |
| Occupancy | 92% | 100% |
| Net operating income (annualized from 6 months) | $372K | $1.0M |
| Debt yield | 40.4% |
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 UBS Commercial Mortgage Trust 2018-C11 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Occupancy has risen from 92% when the loan was securitized to 100%.
- Net operating income is 181% above the underwritten figure ($1.0M a year against $372K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.91x at securitization to 2.66x on the latest statements.
- The filing gives Dec 2027 as the lease end date for the largest tenant (ST. GERMAIN CHIROPRACT), 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 | $2.6M | Current | No | 2.66x | 100% |
| August 2026 | $2.6M | Current | No | n/a | n/a |
| July 2026 | $2.6M | Current | No | n/a | n/a |
| June 2026 | $2.6M | Current | No | n/a | n/a |
| May 2026 | $2.6M | Current | No | n/a | n/a |
| April 2026 | $2.6M | Current | No | 2.68x | 100% |
| March 2026 | $2.6M | Current | No | 2.59x | 100% |
| February 2026 | $2.6M | Current | No | 2.59x | 100% |
| January 2026 | $2.6M | Current | No | 2.59x | 100% |
| December 2025 | $2.6M | Current | No | 2.59x | 100% |
| November 2025 | $2.6M | Current | No | 2.54x | 100% |
| October 2025 | $2.6M | Current | No | 2.54x | 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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C11 | 48 | $2,592,437 | Sep 2026 | SEC filing, September 28, 2026 |
Other Lakeland-Winter Haven loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Holiday Inn Express Lake Wales | Lake Wales, FL | Hotel | $7.8M | 5.44% | May 2028 | 1.95x | 79% | Current |
| Poinciana Center | Kissimmee, FL | Mixed use | $7.0M | 5.101% | Aug 2028 | 2.08x | 95% | Current |
| Lakeland Plaza Shopping Center | Lakeland, FL | Retail | $4.3M | 5.086% | Jul 2028 | 3.36x | 94% | Current |
| Storeright Self Storage-Haines City | Haines City, FL | Self storage | $3.7M | 5.63% | Oct 2028 | 1.34x | 87% | Current |
All loans maturing in 2028 · All Lakeland-Winter Haven 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.