Tenant exposure
Harbor Freight Tools in CMBS
The trusts' filings name Harbor Freight Tools among the three largest tenants at properties securing 27 public CMBS loans with $271.7M outstanding. It is the largest tenant at 3 of them. 1 of those loans (6.2% of the balance) is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Southland Shopping Center | Pittsburgh, PA | Retail | $31.7M | 4.925% | May 2028 | 1.55x | 90% | Current |
| Plaza at Milford | Milford, DE | Retail | $28.5M | 7.193% | Jul 2029 | n/a | n/a | Current |
| Centennial Gateway | Las Vegas, NV | Retail | $17.2M | 5.008% | Oct 2028 | 1.90x | 98% | Current |
| Franklin Marketplace | Philadelphia, PA | Retail | $16.7M | 5.10% | Sep 2021 | -0.03x | n/a | Past maturity and not performing |
| Northland Center | Spring, TX | Retail | $14.3M | 6.043% | Apr 2031 | n/a | n/a | Current |
| Stone Mountain Festival | Stone Mountain, GA | Retail | $13.9M | 6.471% | Jan 2031 | n/a | n/a | Current |
| Montague Corners | North Charleston, SC | Retail | $13.1M | 7.29% | Jul 2029 | 1.46x | 90% | Current |
| The Market on Cherry Road | Rock Hill, SC | Retail | $11.7M | 6.68% | Sep 2030 | 1.92x | 100% | Current |
| MacPhail Crossing | Bel Air, MD | Retail | $11.5M | 6.493% | Jul 2034 | 1.69x | 100% | Current |
| Northridge Commons | Livonia, MI | Retail | $11.2M | 4.216% | Dec 2029 | 2.18x | 99% | Current |
| Regency Square, Pueblo | Pueblo, CO | Retail | $9.3M | 6.631% | Mar 2031 | n/a | n/a | Current |
| Hobby Lobby & Harbor Freight - Washington | Puyallup, WA | Retail | $8.8M | 5.22% | Sep 2028 | 1.38x | 100% | Current |
| North 45 Plaza | Houston, TX | Retail | $8.7M | 5.17% | Apr 2028 | 2.40x | 89% | Current |
| Bender Square | Humble, TX | Retail | $8.5M | 6.088% | Apr 2031 | n/a | n/a | Current |
| Royal Oaks Shopping Center | Valrico, FL | Retail | $8.4M | 4.63% | Sep 2027 | 1.65x | 100% | Current |
| Roundtree Place | Ypsilanti, MI | Retail | $7.6M | 5.306% | Jun 2028 | 1.58x | 33% | Current |
| Westwood Shopping Center, Hattiesburg | Hattiesburg, MS | Retail | $6.7M | 3.88% | May 2031 | 2.01x | 100% | Current |
| The Marketplace at Waxahachie | Waxahachie, TX | Retail | $6.2M | 4.565% | Feb 2027 | 2.10x | 89% | Current |
| Parkway Shopping Center | Shawnee, KS | Retail | $5.7M | 4.66% | Dec 2027 | 0.84x | 60% | Current |
| Cardiff Plaza | Egg Harbor, NJ | Retail | $5.6M | 4.80% | Jun 2027 | 2.66x | 95% | Current |
| El Dorado Retail | El Centro, CA | Retail | $5.0M | 5.272% | Aug 2027 | 1.57x | 88% | Current |
| Mesa Commons | Apache Junction, AZ | Retail | $4.8M | 4.80% | Jun 2028 | n/a | n/a | Current |
| Park Pineway Plaza | Show Low, AZ | Retail | $4.2M | 5.42% | Mar 2027 | 1.18x | 60% | Current |
| South Loop Shopping Center | Temple, TX | Retail | $3.5M | 4.16% | Jul 2027 | 1.19x | 58% | Current |
| Shoppes at Gloucester | Gloucester, VA | Retail | $3.5M | 5.70% | Jan 2029 | 0.43x | 55% | Current |
| Wisconsin Rapids Retail | Wisconsin Rapids, WI | Retail | $3.3M | 6.02% | Sep 2035 | n/a | n/a | Current |
| Ludington Retail Center | Ludington, MI | Retail | $2.1M | 4.70% | Aug 2029 | 2.17x | 91% | Current |
Where Harbor Freight Tools is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| El Dorado Retail | May 2028 | Aug 2027 | $5.0M |
| The Marketplace at Waxahachie | Oct 2028 | Feb 2027 | $6.2M |
| Shoppes at Gloucester | Aug 2036 | Jan 2029 | $3.5M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: HARBOR FREIGHT; HARBOR FREIGHT TOOLS USA, INC.; Harbor Freight; Harbor Freight Tools; Harbor Freight Tools USA; Harbor Freight Tools USA Inc.; Harbor Freight Tools, Inc. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.