Retail · Washington, North Carolina
Washington Square Shopping Center
Washington Square Shopping Center is financed with a $11.3M CMBS loan at 5.10% that reaches maturity on June 1, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,255,981
- Original balance (same notes)
- $14,000,000
- Interest rate
- 5.10% fixed
- Originated
- May 17, 2018
- Maturity
- June 1, 2028
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- February 29, 2028
- Master servicer
- Trimont LLC
- Originator
- Regions Bank
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 719 West 15th Street, Washington, NC 27889
- Rentable area
- 242,892 sq ft
- Built
- 1971, renovated 1995
- Largest tenants
- Belk; NCDEQ; Food Lion
- Value at securitization
- $21.4M (Feb 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.62x | 1.43x |
| Occupancy | 94% | 89% |
| Net operating income (annualized from 3 months) | $1.6M | $1.4M |
| 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 Benchmark 2018-B4 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 fallen from 94% when the loan was securitized to 89%.
- Net operating income is 10% below the underwritten figure ($1.4M a year against $1.6M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.62x at securitization to 1.43x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.3M | Current | No | 1.43x | 89% |
| August 2026 | $11.3M | Current | No | 1.43x | 89% |
| July 2026 | $11.3M | Current | No | 1.43x | 89% |
| June 2026 | $11.4M | Current | No | 1.39x | 89% |
| May 2026 | $11.4M | Current | No | 1.39x | 89% |
| April 2026 | $11.4M | Current | No | 1.39x | 89% |
| March 2026 | $11.5M | Current | No | 1.45x | 89% |
| February 2026 | $11.5M | Current | No | 1.45x | 89% |
| January 2026 | $11.5M | Current | No | 1.45x | 89% |
| December 2025 | $11.6M | Current | No | 1.45x | 89% |
| November 2025 | $11.6M | Current | No | 1.49x | 90% |
| October 2025 | $11.6M | Current | No | 1.49x | 90% |
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 |
|---|---|---|---|---|
| Benchmark 2018-B4 Mortgage Trust | 31 | $11,255,981 | Sep 2026 | SEC filing, October 1, 2026 |
Other North Carolina loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Overlook at Ballantyne | Charlotte, NC | Office | $94.0M | 7.387% | Jun 2028 | 1.49x | 99% | Current |
| Meridian Corporate Center | NC | Office | $71.8M | 4.575% | Apr 2028 | 1.37x | 67% | With the special servicer |
| Cambridge Corporate Center | Charlotte, NC | Office | $42.0M | 5.49% | Nov 2028 | 0.77x | 59% | With the special servicer and 30-59 days delinquent |
| Hilton Raleigh North Hills | Raleigh, NC | Hotel | $32.4M | 6.886% | Sep 2028 | 2.21x | 69% | Current |
| 300 North Greene | Greensboro, NC | Office | $29.4M | 5.771% | Dec 2028 | 0.48x | 64% | With the special servicer and 90+ days delinquent |
| Center Point on Hamilton | High Point, NC | Mixed use | $29.3M | 6.50% | Feb 2028 | n/a | n/a | Current |
| 107 Tom Starling Road | Fayetteville, NC | Office | $26.0M | 7.75% | Jul 2028 | 1.95x | 100% | Current |
| Addison Ridge Apartments - Phase II | Fayetteville, NC | Multifamily | $23.5M | 5.36% | Jun 2028 | 1.62x | 90% | 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.