Mixed use · Minneapolis, Minnesota
Uptown Row
Uptown Row is financed with a $9.5M CMBS loan at 5.008% that reaches maturity on January 6, 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
- $9,542,309
- Original balance (same notes)
- $10,700,000
- Interest rate
- 5.008% fixed
- Originated
- December 12, 2016
- Maturity
- January 6, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- October 5, 2026
- Master servicer
- Trimont LLC
- Originator
- Barclays
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1221 West Lake Street, Minneapolis, MN 55408
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Rentable area
- 36,946 sq ft
- Built
- 2004
- Largest tenants
- ALLINA HEALTH CARE; UPTOWN DERMATOLOGY AND SKINSPA; Walgreens
- Value at securitization
- $15.9M (Nov 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.48x | 0.81x |
| Occupancy | 95% | 84% |
| Net operating income (annualized from 3 months) | $1.0M | $566K |
| Debt yield | 5.9% |
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 Wells Fargo Commercial Mortgage Trust 2017-C38 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points 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 August 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
- Occupancy has fallen from 95% when the loan was securitized to 84%.
- Net operating income is 44% below the underwritten figure ($566K a year against $1.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.48x at securitization to 0.81x on the latest statements.
- At 0.81x, 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 | $9.5M | Current | No | 0.81x | 84% |
| August 2026 | $9.6M | Current | No | 0.81x | 84% |
| July 2026 | $9.6M | Current | No | 1.62x | 84% |
| June 2026 | $9.6M | Current | No | 1.62x | 84% |
| May 2026 | $9.6M | Current | No | 2.08x | 84% |
| April 2026 | $9.6M | Current | No | 2.08x | 84% |
| March 2026 | $9.6M | Current | No | 2.08x | 84% |
| February 2026 | $9.7M | Current | No | 2.08x | 84% |
| January 2026 | $9.7M | Current | No | 2.08x | 84% |
| December 2025 | $9.7M | Current | No | 2.61x | 91% |
| November 2025 | $9.7M | Current | No | 2.61x | 91% |
| October 2025 | $9.7M | Current | No | 1.42x | 91% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C38 | 33 | $9,542,309 | Sep 2026 | SEC filing, September 29, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cabela's (Rogers) | Rogers, MN | Retail | $44.8M | 4.379% | Oct 2027 | n/a | n/a | Current |
| Marriott Minneapolis Northwest | Brooklyn Park, MN | Hotel | $18.2M | 4.93% | Mar 2027 | 2.09x | 61% | Current |
| 1301 University Avenue | Minneapolis, MN | Multifamily | $13.9M | 4.972% | Aug 2027 | 1.25x | 100% | Current |
| LA Fitness Apple Valley | Apple Valley, MN | Retail | $7.6M | 4.55% | Sep 2027 | 1.59x | 100% | Current |
| Quadrant Office | Brooklyn Park, MN | Office | $6.4M | 4.694% | Nov 2027 | 2.95x | 93% | Current |
| Cash Wise Center | St. Cloud, MN | Retail | $6.1M | 4.643% | Oct 2027 | 1.73x | 100% | Current |
All loans maturing in 2027 · All Minneapolis-St. Paul-Bloomington 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.