Retail · Warwick, Rhode Island
Warwick Mall
Public CMBS trusts hold $70.1M of the loan on Warwick Mall at 4.445% that reaches maturity on October 1, 2027, in 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $70,119,727
- Original balance (same notes)
- $75,000,000
- Interest rate
- 4.445% fixed
- Originated
- September 14, 2017
- Maturity
- October 1, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- May 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 400 Bald Hill Road, Warwick, RI 02886
- Metro
- Providence-Warwick, RI-MA
- Rentable area
- 588,716 sq ft
- Built
- 1970, renovated 2010
- Largest tenants
- JC Penney Company; Jordan Furniture Gallery LLC; APPLE CINEMAS WARWICK INC
- Value at securitization
- $158.0M (Jul 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.21x | 1.97x |
| Occupancy | 96% | 97% |
| Net operating income (annualized from 6 months) | $10.0M | $9.0M |
| Debt yield | 12.8% |
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 BANK 2018-BNK10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Net operating income is 10% below the underwritten figure ($9.0M a year against $10.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.21x at securitization to 1.97x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $70.1M | Late payment but less than 30 days delinquent | No | 1.97x | 97% |
| August 2026 | $70.2M | Late payment but less than 30 days delinquent | No | 1.97x | 97% |
| July 2026 | $70.3M | Late payment but less than 30 days delinquent | No | 2.00x | 93% |
| June 2026 | $70.5M | Late payment but less than 30 days delinquent | No | 2.00x | 93% |
| May 2026 | $70.5M | Current | No | 1.99x | 92% |
| April 2026 | $70.7M | Current | No | 1.99x | 92% |
| March 2026 | $44.8M | Current | No | 1.99x | 92% |
| February 2026 | $70.9M | Current | No | 1.99x | 92% |
| January 2026 | $71.0M | Current | No | 1.94x | 92% |
| December 2025 | $71.1M | Current | No | 1.94x | 92% |
| November 2025 | $71.2M | Current | No | 1.98x | 92% |
| October 2025 | $71.3M | Current | No | 1.98x | 92% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2017-BNK9 | 11 | $28,037,731 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2018-BNK10 | 15 | $25,701,254 | Sep 2026 | SEC filing, September 29, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 | 26 | $16,380,743 | Sep 2026 | SEC filing, September 25, 2026 |
Other Providence-Warwick loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Independence Park | Cranston, RI | Retail | $11.6M | 4.545% | Aug 2027 | 1.88x | 100% | Current |
| Cvs - Tiverton | Tiverton, RI | Retail | $5.4M | 4.86% | Dec 2027 | 1.27x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.