Metro area · 2027 maturities
San Jose-Sunnyvale-Santa Clara CMBS loans maturing in 2027
19 loans with $1.2B outstanding in the San Jose-Sunnyvale-Santa Clara, CA metro reach maturity in 2027, 18.6% of the metro's CMBS balance. 10.4% of that balance is already with a special servicer or delinquent (2 loans). 2 of them report debt service coverage under 1.25x on the latest statements.
Every San Jose-Sunnyvale-Santa Clara CMBS loan · Every CMBS loan maturing in 2027
Month by month
| Month | Loans | Balance |
|---|---|---|
| January 2027 | 2 | $189.6M |
| February 2027 | 2 | $41.1M |
| March 2027 | 2 | $104.6M |
| April 2027 | 2 | $187.4M |
| May 2027 | 2 | $108.6M |
| June 2027 | 3 | $153.2M |
| July 2027 | 2 | $46.6M |
| August 2027 | 1 | $117.5M |
| September 2027 | 0 | $0 |
| October 2027 | 1 | $37.1M |
| November 2027 | 0 | $0 |
| December 2027 | 2 | $179.8M |
By property type
| Type | Loans | Balance | Special servicing |
|---|---|---|---|
| Office | 12 | $906.3M | 2.3% |
| Hotel | 2 | $137.3M | 73.1% |
| Retail | 4 | $96.1M | 0.0% |
| Industrial | 1 | $25.7M | 0.0% |
What the latest figures say
The San Jose-Sunnyvale-Santa Clara loans due in 2027 against all 1,416 public CMBS loans due the same year. Coverage and debt yield count only the loans that report them.
| Measure | San Jose | All 2027 maturities |
|---|---|---|
| Balance due | $1.2B | $32.5B |
| Share of the balance outstanding that is due in 2027 | 18.6% | 11.5% |
| With a special servicer or delinquent, by balance | 10.4% | 12.5% |
| Debt service coverage under 1.25x | 2 of 17 | 192 of 1,279 |
| Median debt yield on the latest NOI | 12.3% | 13.5% |
| Debt yield under 8% | 2 of 16 | 141 of 1,205 |
| Interest-only for the full term, by balance | 28.2% | 52.7% |
| Average interest rate, weighted by balance | 4.04% | 4.39% |
| Due on an anticipated repayment date | 2 | 51 |
The loans
All 19, largest first.
| Property | Location | Type | Balance | Rate | Matures | DSCR | Debt yield | Occ. | Status |
|---|---|---|---|---|---|---|---|---|---|
| Moffett Gateway | Sunnyvale, CA | Office | $172.9M | 3.319% | Apr 2027 | 2.42x | n/a | 98% | Current |
| Moffett Place Google | Sunnyvale, CA | Office | $171.1M | 4.55% | Jan 2027 | 1.40x | 9.3% | 100% | Current |
| Moffett Towers II Building 2 | Sunnyvale, CA | Office | $152.8M | 3.619% | Dec 2027 | 2.74x | 32.6% | 100% | Current |
| Moffett Place Building 4 | Sunnyvale, CA | Office | $117.5M | 3.637% | Aug 2027 | 2.45x | 14.4% | 100% | Current |
| Larkspur Landing Sunnyvale and 64 other properties | Sunnyvale, CA | Hotel | $100.4M | 4.486% | Jun 2027 | n/a | n/a | n/a | With the special servicer |
| 675 Creekside Way | Campbell, CA | Office | $83.4M | 3.69% | Mar 2027 | 2.91x | 22.0% | 100% | Current |
| 2851 Junction | San Jose, CA | Office | $58.1M | 4.14% | May 2027 | 1.97x | 8.3% | 100% | Current |
| Sprouts Farmers Market | San Jose, CA | Retail | $50.5M | 3.97% | May 2027 | 2.82x | 11.4% | 100% | Current |
| Torre Plaza | Cupertino, CA | Office | $45.0M | 3.861% | Jun 2027 | 2.20x | 8.7% | 100% | Current |
| Stryker Corporation | San Jose, CA | Office | $37.1M | 4.16% | Oct 2027 | 2.13x | 27.0% | 100% | Current |
| Westin Palo Alto | Palo Alto, CA | Hotel | $37.0M | 4.736% | Feb 2027 | n/a | n/a | n/a | Current |
| Sunrise Plaza San Jose | San Jose, CA | Retail | $27.0M | 4.33% | Dec 2027 | 1.59x | 9.5% | 99% | Current |
| 510 Cottonwood Drive | Milpitas, CA | Industrial | $25.7M | 4.30% | Jul 2027 | 1.56x | 25.9% | 100% | Current |
| Sap Building | Palo Alto, CA | Office | $21.2M | 6.582% | Mar 2027 | -0.17x | -2.4% | n/a | With the special servicer and 90+ days delinquent |
| 3901 North First Street | San Jose, CA | Office | $20.9M | 4.83% | Jul 2027 | 0.66x | 4.6% | 100% | Current |
| Cupertino Civic Center | Cupertino, CA | Office | $18.4M | 4.77% | Jan 2027 | 1.26x | 8.6% | 96% | Current |
| El Camino Shopping Center | Santa Clara, CA | Retail | $14.5M | 4.44% | Apr 2027 | 3.07x | 13.9% | 95% | Current |
| Good Samaritan Medical Center | San Jose, CA | Office | $7.9M | 4.48% | Jun 2027 | 2.00x | 13.2% | 79% | Current |
| 301-333 S Abbot Avenue | Milpitas, CA | Retail | $4.1M | 4.63% | Feb 2027 | 2.43x | 18.5% | 100% | Current |
A loan's date is the earlier of its maturity date (or a later one a modification set) and its anticipated repayment date, as the trusts file them. A loan split across several trusts counts once, at the balance of all its pieces. Figures are the servicers' latest, from the trusts' SEC filings for October 2026; how the data is built.
Working the San Jose 2027 maturities?
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