← Bank 2018-BNK14 · Loan annex · CMBS market
- Deal
- Bank 2018-BNK14
- Current balance
- $25.4M (September 2026)
- Share of deal
- 2.1%
- Status
- Current
- DSCR (latest)
- 1.85
- Occupancy (latest)
- 93%
- Scheduled maturity
- 2028-05-11
Property and terms
| Property | COOLSPRINGS GALLERIA |
| Address | 1800, 1910, 1914 AND 1916 GALLERIA BOULEVARD; Franklin, TN 37067 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 640,176 |
| Year built | 1991 |
| Year last renovated | 2017 |
| Original balance | $30.0M |
| Current balance | $25.4M (September 2026) |
| Share of deal balance | 2.1% |
| Interest rate at origination | 4.84% |
| Current interest rate | 4.84% |
| Origination date | 04-30-2018 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2028-05-11 |
| Prepayment lockout end | 10-10-2020 |
| Yield maintenance end | 02-10-2028 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | WFB |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $322.0M | 03-23-2018 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Belk | 132,621 | 01-31-2030 |
| Primark | 50,704 | 01-31-2036 |
| H&M Clothing Stores | 23,644 | 01-31-2031 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 2018 | $29.9M | Current | 4.84% | 2.11 | 2.11 | 96% | $0 | 12-31-2017 | $31.2M | $10.5M | $20.7M | $20.7M |
| October 2018 | $29.8M | Current | 4.84% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2018 | $29.8M | Current | 4.84% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2018 | $29.7M | Current | 4.84% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2019 | $29.7M | Current | 4.84% | 1.88 | 1.98 | 98% | $0 | 09-30-2018 | $22.0M | $7.4M | $14.6M | $13.9M |
| February 2019 | $29.7M | Current | 4.84% | 1.88 | 1.98 | 98% | $0 | 09-30-2018 | $22.0M | $7.4M | $14.6M | $13.9M |
| March 2019 | $29.6M | Current | 4.84% | 2.00 | 2.10 | 99% | $0 | 12-31-2018 | $30.3M | $9.7M | $20.6M | $19.6M |
| April 2019 | $29.6M | Current | 4.84% | 2.00 | 2.10 | 99% | $0 | 12-31-2018 | $30.3M | $9.7M | $20.6M | $19.6M |
| May 2019 | $29.5M | Current | 4.84% | 2.00 | 2.10 | 99% | $0 | 12-31-2018 | $30.3M | $9.7M | $20.6M | $19.6M |
| June 2019 | $29.5M | Current | 4.84% | 2.00 | 2.10 | 99% | $0 | 12-31-2018 | $30.3M | $9.7M | $20.6M | $19.6M |
| July 2019 | $29.5M | Current | 4.84% | 2.00 | 2.10 | 99% | $0 | 12-31-2018 | $30.3M | $9.7M | $20.6M | $19.6M |
| August 2019 | $29.4M | Current | 4.84% | 2.00 | 2.10 | 99% | $0 | 12-31-2018 | $30.3M | $9.7M | $20.6M | $19.6M |
| September 2019 | $29.4M | Current | 4.84% | 1.96 | 2.06 | 95% | $0 | 06-30-2019 | $14.9M | $4.8M | $10.1M | $9.6M |
| October 2019 | $29.3M | Current | 4.84% | 1.96 | 2.06 | 95% | $0 | 06-30-2019 | $14.9M | $4.8M | $10.1M | $9.6M |
| November 2019 | $29.3M | Current | 4.84% | 1.96 | 2.06 | 95% | $0 | 06-30-2019 | $14.9M | $4.8M | $10.1M | $9.6M |
| December 2019 | $29.3M | Current | 4.84% | 1.96 | 2.06 | 95% | $0 | 06-30-2019 | $14.9M | $4.8M | $10.1M | $9.6M |
| January 2020 | $29.2M | Current | 4.84% | 1.92 | 2.02 | 94% | $0 | 09-30-2019 | $22.1M | $7.2M | $14.9M | $14.2M |
| February 2020 | $29.2M | Current | 4.84% | 1.92 | 2.02 | 94% | $0 | 09-30-2019 | $22.1M | $7.2M | $14.9M | $14.2M |
| March 2020 | $29.1M | Current | 4.84% | 1.96 | 2.06 | 98% | $0 | 12-31-2019 | $31.3M | $11.0M | $20.3M | $19.3M |
| April 2020 | $29.1M | Current | 4.84% | 1.96 | 2.06 | 98% | $0 | 12-31-2019 | $31.3M | $11.0M | $20.3M | $19.3M |
| May 2020 | $29.1M | Matured balloon, performing | 4.84% | 1.96 | 2.06 | 98% | $157,986 | 12-31-2019 | $31.3M | $11.0M | $20.3M | $19.3M |
| June 2020 | $29.1M | Matured balloon, performing | 4.84% | 1.96 | 2.06 | 98% | $157,986 | 12-31-2019 | $31.3M | $11.0M | $20.3M | $19.3M |
| July 2020 | $29.1M | 30-59 days delinquent | 4.84% | 1.91 | 2.01 | 97% | $315,973 | 03-31-2020 | $7.2M | $2.3M | $4.9M | $4.7M |
| August 2020 | $29.0M | Current | 4.84% | 1.94 | 2.04 | 90% | $0 | 06-30-2020 | $14.2M | $4.1M | $10.0M | $9.5M |
| September 2020 | $28.9M | Matured balloon, performing | 4.84% | 1.94 | 2.04 | 90% | $157,987 | 06-30-2020 | $14.2M | $4.1M | $10.0M | $9.5M |
| October 2020 | $28.9M | Current | 4.84% | 1.94 | 2.04 | 90% | $0 | 06-30-2020 | $14.2M | $4.1M | $10.0M | $9.5M |
| November 2020 | $28.8M | Current | 4.84% | 1.94 | 2.04 | 90% | $0 | 06-30-2020 | $14.2M | $4.1M | $10.0M | $9.5M |
| December 2020 | $28.8M | Matured balloon, performing | 4.84% | 1.71 | 1.81 | 94% | $157,988 | 09-30-2020 | $19.5M | $6.2M | $13.3M | $12.6M |
| January 2021 | $28.8M | Matured balloon, performing | 4.84% | 1.71 | 1.81 | 94% | $157,988 | 09-30-2020 | $19.5M | $6.2M | $13.3M | $12.6M |
| February 2021 | $28.7M | Current | 4.84% | 1.71 | 1.81 | 94% | $0 | 09-30-2020 | $19.5M | $6.2M | $13.3M | $12.6M |
| March 2021 | $28.6M | Current | 4.84% | 1.69 | 1.79 | 96% | $0 | 12-31-2020 | $25.9M | $8.3M | $17.6M | $16.6M |
| April 2021 | $28.6M | Matured balloon, performing | 4.84% | 1.69 | 1.79 | 96% | $157,988 | 12-31-2020 | $25.9M | $8.3M | $17.6M | $16.6M |
| May 2021 | $28.6M | Current | 4.84% | 1.69 | 1.79 | 96% | $0 | 12-31-2020 | $25.9M | $8.3M | $17.6M | $16.6M |
| June 2021 | $28.5M | Current | 4.84% | 1.57 | 1.68 | 93% | $0 | 03-31-2021 | $6.3M | $2.2M | $4.1M | $3.9M |
| July 2021 | $28.5M | Current | 4.84% | 1.57 | 1.68 | 93% | $0 | 03-31-2021 | $6.3M | $2.2M | $4.1M | $3.9M |
| August 2021 | $28.4M | Current | 4.84% | 1.57 | 1.68 | 93% | $0 | 03-31-2021 | $6.3M | $2.2M | $4.1M | $3.9M |
| September 2021 | $28.4M | Current | 4.84% | 1.47 | 1.57 | 95% | $0 | 06-30-2021 | $12.1M | $4.4M | $7.7M | $7.2M |
| October 2021 | $28.3M | Current | 4.84% | 1.47 | 1.57 | 95% | $0 | 06-30-2021 | $12.1M | $4.4M | $7.7M | $7.2M |
| November 2021 | $28.3M | Matured balloon, performing | 4.84% | 1.47 | 1.57 | 95% | $157,989 | 06-30-2021 | $12.1M | $4.4M | $7.7M | $7.2M |
| December 2021 | $28.3M | Matured balloon, performing | 4.84% | 1.47 | 1.57 | 95% | $157,990 | 06-30-2021 | $12.1M | $4.4M | $7.7M | $7.2M |
| January 2022 | $28.3M | Matured balloon, performing | 4.84% | 1.47 | 1.57 | 95% | $157,990 | 06-30-2021 | $12.1M | $4.4M | $7.7M | $7.2M |
| February 2022 | $28.2M | Current | 4.84% | 1.52 | 1.62 | 97% | $0 | 09-30-2021 | $18.6M | $6.7M | $11.9M | $11.2M |
| March 2022 | $23.4M | Current | 5.33% | 1.72 | 1.88 | 88% | $0 | 09-30-2021 | $3.5M | $1.2M | $2.3M | $2.1M |
| April 2022 | $28.1M | Current | 4.84% | 1.60 | 1.70 | 96% | $0 | 12-31-2021 | $25.9M | $9.2M | $16.7M | $15.7M |
| May 2022 | $28.1M | Matured balloon, performing | 4.84% | 1.60 | 1.70 | 96% | $156,410 | 12-31-2021 | $25.9M | $9.2M | $16.7M | $15.7M |
| June 2022 | $28.0M | Current | 4.84% | 1.44 | 1.54 | 97% | $0 | 03-31-2022 | $6.2M | $2.4M | $3.8M | $3.5M |
| July 2022 | $28.0M | Matured balloon, performing | 4.84% | 1.44 | 1.54 | 97% | $156,410 | 03-31-2022 | $6.2M | $2.4M | $3.8M | $3.5M |
| August 2022 | $27.9M | Current | 4.84% | 1.44 | 1.54 | 97% | $0 | 03-31-2022 | $6.2M | $2.4M | $3.8M | $3.5M |
| September 2022 | $27.9M | Matured balloon, performing | 4.84% | 1.44 | 1.54 | 97% | $156,410 | 03-31-2022 | $6.2M | $2.4M | $3.8M | $3.5M |
| October 2022 | $27.9M | Matured balloon, performing | 4.84% | 1.52 | 1.62 | 95% | $156,410 | 06-30-2022 | $12.8M | $4.9M | $7.9M | $7.4M |
| November 2022 | $27.8M | Current | 4.84% | 1.52 | 1.62 | 95% | $0 | 06-30-2022 | $12.8M | $4.9M | $7.9M | $7.4M |
| December 2022 | $27.8M | Matured balloon, performing | 4.84% | 1.55 | 1.65 | 98% | $156,411 | 09-30-2022 | $19.5M | $7.4M | $12.1M | $11.4M |
| January 2023 | $27.7M | Matured balloon, performing | 4.84% | 1.55 | 1.65 | 98% | $156,411 | 09-30-2022 | $19.5M | $7.4M | $12.1M | $11.4M |
| February 2023 | $27.7M | Matured balloon, performing | 4.84% | 1.55 | 1.65 | 98% | $156,411 | 09-30-2022 | $19.5M | $7.4M | $12.1M | $11.4M |
| March 2023 | $27.6M | Matured balloon, performing | 4.84% | 1.67 | 1.77 | 97% | $156,411 | 12-31-2022 | $26.8M | $9.4M | $17.4M | $16.4M |
| April 2023 | $27.6M | Matured balloon, performing | 4.84% | 1.67 | 1.77 | 97% | $156,412 | 12-31-2022 | $26.8M | $9.4M | $17.4M | $16.4M |
| May 2023 | $27.5M | Current | 4.84% | 1.67 | 1.77 | 97% | $0 | 12-31-2022 | $26.8M | $9.4M | $17.4M | $16.4M |
| June 2023 | $27.5M | Matured balloon, performing | 4.84% | 1.76 | 1.86 | 98% | $156,412 | 03-31-2023 | $6.8M | $2.3M | $4.6M | $4.3M |
| July 2023 | $27.4M | Matured balloon, performing | 4.84% | 1.76 | 1.86 | 98% | $156,412 | 03-31-2023 | $6.8M | $2.3M | $4.6M | $4.3M |
| August 2023 | $27.3M | Current | 4.84% | 1.76 | 1.86 | 98% | $0 | 03-31-2023 | $6.8M | $2.3M | $4.6M | $4.3M |
| September 2023 | $27.3M | Current | 4.84% | 1.73 | 1.84 | 96% | $0 | 06-30-2023 | $13.4M | $4.4M | $9.0M | $8.5M |
| October 2023 | $27.2M | Current | 4.84% | 1.73 | 1.84 | 96% | $0 | 06-30-2023 | $13.4M | $4.4M | $9.0M | $8.5M |
| November 2023 | $27.2M | Current | 4.84% | 1.73 | 1.84 | 96% | $0 | 06-30-2023 | $13.4M | $4.4M | $9.0M | $8.5M |
| December 2023 | $27.2M | Current | 4.84% | 1.76 | 1.86 | 97% | $0 | 09-30-2023 | $20.3M | $6.6M | $13.7M | $12.9M |
| January 2024 | $27.1M | Current | 4.84% | 1.76 | 1.86 | 97% | $0 | 09-30-2023 | $20.3M | $6.6M | $13.7M | $12.9M |
| February 2024 | $27.1M | Current | 4.84% | 1.76 | 1.86 | 97% | $0 | 09-30-2023 | $20.3M | $6.6M | $13.7M | $12.9M |
| March 2024 | $27.0M | Current | 4.84% | 1.83 | 1.93 | 96% | $0 | 12-31-2023 | $27.9M | $9.0M | $18.9M | $17.9M |
| April 2024 | $27.0M | Current | 4.84% | 1.83 | 1.93 | 96% | $0 | 12-31-2023 | $27.9M | $9.0M | $18.9M | $17.9M |
| May 2024 | $26.9M | Current | 4.84% | 1.83 | 1.93 | 96% | $0 | 12-31-2023 | $27.9M | $9.0M | $18.9M | $17.9M |
| June 2024 | $26.9M | Matured balloon, performing | 4.84% | 1.76 | 1.86 | 95% | $156,414 | 03-31-2024 | $6.8M | $2.2M | $4.6M | $4.3M |
| July 2024 | $26.8M | Current | 4.84% | 1.76 | 1.86 | 95% | $0 | 03-31-2024 | $6.8M | $2.2M | $4.6M | $4.3M |
| August 2024 | $26.8M | Current | 4.84% | 1.76 | 1.86 | 95% | $0 | 03-31-2024 | $6.8M | $2.2M | $4.6M | $4.3M |
| September 2024 | $26.8M | Matured balloon, performing | 4.84% | 1.80 | 1.90 | 96% | $156,415 | 06-30-2024 | $13.7M | $4.4M | $9.3M | $8.8M |
| October 2024 | $26.7M | Current | 4.84% | 1.80 | 1.90 | 96% | $0 | 06-30-2024 | $13.7M | $4.4M | $9.3M | $8.8M |
| November 2024 | $26.7M | Matured balloon, performing | 4.84% | 1.80 | 1.90 | 96% | $156,415 | 06-30-2024 | $13.7M | $4.4M | $9.3M | $8.8M |
| December 2024 | $26.6M | Matured balloon, performing | 4.84% | 1.80 | 1.90 | 97% | $156,416 | 09-30-2024 | $20.7M | $6.7M | $14.0M | $13.2M |
| January 2025 | $26.5M | Current | 4.84% | 1.80 | 1.90 | 97% | $0 | 09-30-2024 | $20.7M | $6.7M | $14.0M | $13.2M |
| February 2025 | $26.5M | Current | 4.84% | 1.80 | 1.90 | 97% | $0 | 09-30-2024 | $20.7M | $6.7M | $14.0M | $13.2M |
| March 2025 | $26.4M | Current | 4.84% | 1.80 | 1.90 | 97% | $0 | 09-30-2024 | $20.7M | $6.7M | $14.0M | $13.2M |
| April 2025 | $26.3M | Current | 4.84% | 1.92 | 2.03 | 96% | $0 | 12-31-2024 | $28.8M | $8.9M | $19.9M | $18.9M |
| May 2025 | $26.3M | Current | 4.84% | 1.92 | 2.03 | 96% | $0 | 12-31-2024 | $28.8M | $8.9M | $19.9M | $18.9M |
| June 2025 | $26.2M | Current | 4.84% | 1.69 | 1.79 | 86% | $0 | 03-31-2025 | $6.7M | $2.3M | $4.4M | $4.1M |
| July 2025 | $26.2M | Current | 4.84% | 1.69 | 1.79 | 86% | $0 | 03-31-2025 | $6.7M | $2.3M | $4.4M | $4.1M |
| August 2025 | $26.1M | Current | 4.84% | 1.69 | 1.79 | 86% | $0 | 03-31-2025 | $6.7M | $2.3M | $4.4M | $4.1M |
| September 2025 | $26.1M | Current | 4.84% | 1.82 | 1.93 | 98% | $0 | 06-30-2025 | $13.7M | $4.3M | $9.4M | $8.9M |
| October 2025 | $26.0M | Current | 4.84% | 1.82 | 1.93 | 98% | $0 | 06-30-2025 | $13.7M | $4.3M | $9.4M | $8.9M |
| November 2025 | $26.0M | Current | 4.84% | 1.82 | 1.93 | 98% | $0 | 06-30-2025 | $13.7M | $4.3M | $9.4M | $8.9M |
| December 2025 | $25.9M | Current | 4.84% | 1.83 | 1.93 | 86% | $0 | 09-30-2025 | $20.9M | $6.7M | $14.2M | $13.5M |
| January 2026 | $25.9M | Current | 4.84% | 1.83 | 1.93 | 86% | $0 | 09-30-2025 | $20.9M | $6.7M | $14.2M | $13.5M |
| February 2026 | $25.8M | Current | 4.84% | 1.83 | 1.93 | 86% | $0 | 09-30-2025 | $20.9M | $6.7M | $14.2M | $13.5M |
| March 2026 | $25.8M | Current | 4.84% | 1.83 | 1.93 | 86% | $0 | 09-30-2025 | $20.9M | $6.7M | $14.2M | $13.5M |
| April 2026 | $25.7M | Current | 4.84% | 1.96 | 2.06 | 94% | $0 | 12-31-2025 | $29.2M | $9.0M | $20.2M | $19.2M |
| May 2026 | $25.7M | Current | 4.84% | 1.96 | 2.06 | 94% | $0 | 12-31-2025 | $29.2M | $9.0M | $20.2M | $19.2M |
| July 2026 | $25.5M | Current | 4.84% | 1.85 | 1.95 | 93% | $0 | 03-31-2026 | $7.1M | $2.3M | $4.8M | $4.5M |
| August 2026 | $25.5M | Current | 4.84% | 1.85 | 1.95 | 93% | $1,581 | 03-31-2026 | $7.1M | $2.3M | $4.8M | $4.5M |
| September 2026 | $25.4M | Current | 4.84% | 1.85 | 1.95 | 93% | $1,581 | 03-31-2026 | $7.1M | $2.3M | $4.8M | $4.5M |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| 2020-06-11 | Loan modified (maturity after modification 2028-05-11) |
| July 2020 | First reported 30 or more days delinquent |
| 2021-10-15 | Transferred to the special servicer |
| 2021-12-29 | Loan modified (maturity after modification 2028-05-11) |
| 2022-01-11 | Returned to the master servicer |
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: Bank 2018-BNK12; Bank 2018-BNK13; Wells Fargo Commercial Mortgage Trust 2018-C45.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.