Retail portfolio, 5 properties · Multiple locations
Walgreens Pool 5
This portfolio is financed with a $16.6M CMBS loan at 4.68% 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 with the special servicer.
The loan
- Balance in tracked trusts
- $16,629,963
- Original balance (same notes)
- $20,350,000
- Interest rate
- 4.68% fixed
- Originated
- November 1, 2016
- Maturity
- January 6, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- March 5, 2017
- Prepayment premium ends
- August 5, 2026 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred December 5, 2025
- Workout strategy
- Pending return to master servicer
- Defeasance
- None reported
The property
- Value at securitization
- $31.5M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.27x | 1.28x |
| Occupancy | 100% | n/a |
| Net operating income | $1.6M | $1.6M |
| Debt yield | 9.8% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Matures within 12 months
On the cmbs.news watch list in every report since December 2025.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.6M | Current | Yes | 1.28x | n/a |
| August 2026 | $16.7M | Current | Yes | 1.28x | n/a |
| July 2026 | $16.7M | Current | Yes | 1.28x | n/a |
| June 2026 | $16.7M | Current | Yes | 1.28x | n/a |
| May 2026 | $16.8M | Current | Yes | 1.28x | n/a |
| April 2026 | $16.8M | Current | Yes | 1.28x | n/a |
| March 2026 | $16.9M | Current | Yes | 1.29x | 100% |
| February 2026 | $16.9M | Current | Yes | 1.29x | 100% |
| January 2026 | $17.0M | Late payment but less than 30 days delinquent | Yes | 1.29x | 100% |
| December 2025 | $17.0M | Late payment but less than 30 days delinquent | Yes | 1.29x | 100% |
| November 2025 | $17.0M | Current | No | 1.29x | 100% |
| October 2025 | $17.1M | Current | No | 1.29x | 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.
Special-servicing history
- Transferred to the special servicer December 5, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 | 17 | $16,629,963 | Sep 2026 | SEC filing, September 29, 2026 |
Other retail loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Del Amo Fashion Center | Torrance, CA | Retail | $400.0M | 3.658% | Jun 2027 | 4.52x | 75% | Current |
| The Summit Birmingham | Birmingham, AL | Retail | $208.0M | 4.762% | Jan 2027 | 2.10x | 93% | Current |
| Lakeside Shopping Center | Metairie, LA | Retail | $175.0M | 3.77% | Aug 2027 | 2.34x | 98% | Current |
| Market Street - The Woodlands | The Woodlands, TX | Retail | $175.0M | 4.085% | Jun 2027 | n/a | n/a | Current |
| Lehigh Valley Mall | Whitehall, PA | Retail | $164.8M | 4.056% | Nov 2027 | 1.89x | 84% | Current |
| Bass Pro & Cabela's Portfolio | Retail | $150.2M | 4.379% | Oct 2027 | 4.03x | 100% | Current | |
| Pleasant Prairie Premium Outlets | Pleasant Prairie, WI | Retail | $145.0M | 3.995% | Sep 2027 | 3.07x | 88% | Current |
| Baybrook Lifestyle and Power Center | Friendswood, TX | Retail | $140.0M | 3.77% | Dec 2027 | 3.78x | 99% | 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.