Metro area · 2027 maturities
Seattle-Tacoma-Bellevue CMBS loans maturing in 2027
16 loans with $928.7M outstanding in the Seattle-Tacoma-Bellevue, WA metro reach maturity in 2027, 17.8% of the metro's CMBS balance. 14.1% 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 Seattle-Tacoma-Bellevue CMBS loan · Every CMBS loan maturing in 2027
Month by month
| Month | Loans | Balance |
|---|---|---|
| January 2027 | 2 | $214.0M |
| February 2027 | 1 | $56.0M |
| March 2027 | 1 | $6.3M |
| April 2027 | 0 | $0 |
| May 2027 | 0 | $0 |
| June 2027 | 2 | $260.0M |
| July 2027 | 1 | $135.0M |
| August 2027 | 1 | $12.1M |
| September 2027 | 1 | $13.7M |
| October 2027 | 2 | $55.8M |
| November 2027 | 3 | $135.3M |
| December 2027 | 2 | $40.5M |
By property type
| Type | Loans | Balance | Special servicing |
|---|---|---|---|
| Office | 7 | $391.4M | 33.5% |
| Hotel | 4 | $299.1M | 0.0% |
| Mixed use | 1 | $139.0M | 0.0% |
| Retail | 2 | $58.7M | 0.0% |
| Multifamily | 1 | $28.5M | 0.0% |
| Industrial | 1 | $12.0M | 0.0% |
What the latest figures say
The Seattle-Tacoma-Bellevue 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 | Seattle | All 2027 maturities |
|---|---|---|
| Balance due | $928.7M | $32.5B |
| Share of the balance outstanding that is due in 2027 | 17.8% | 11.5% |
| With a special servicer or delinquent, by balance | 14.1% | 12.5% |
| Debt service coverage under 1.25x | 2 of 16 | 192 of 1,279 |
| Median debt yield on the latest NOI | 11.3% | 13.5% |
| Debt yield under 8% | 2 of 13 | 141 of 1,205 |
| Interest-only for the full term, by balance | 78.6% | 52.7% |
| Average interest rate, weighted by balance | 4.27% | 4.39% |
| Due on an anticipated repayment date | 2 | 51 |
The loans
All 16, largest first.
| Property | Location | Type | Balance | Rate | Matures | DSCR | Debt yield | Occ. | Status |
|---|---|---|---|---|---|---|---|---|---|
| Komo Plaza | Seattle, WA | Mixed use | $139.0M | 4.299% | Jan 2027 | 2.85x | 12.4% | 100% | Current |
| Westin Building Exchange | Seattle, WA | Office | $135.0M | 3.29% | Jul 2027 | 18.96x | n/a | 71% | Current |
| Grand Hyatt Seattle | Seattle, WA | Hotel | $133.0M | 4.74% | Jun 2027 | -0.24x | -1.2% | 66% | Current |
| Renaissance Seattle Hotel | Seattle, WA | Hotel | $127.0M | 4.81% | Jun 2027 | 0.41x | 2.0% | 66% | Current |
| Centre 425 Bellevue | Bellevue, WA | Office | $84.0M | 4.151% | Nov 2027 | 1.99x | n/a | 100% | Current |
| Bravern Office Commons | Bellevue, WA | Office | $75.0M | 3.203% | Jan 2027 | 3.54x | n/a | 100% | With the special servicer and 90+ days delinquent |
| 1000 Denny Way | Seattle, WA | Office | $56.0M | 5.107% | Feb 2027 | 1.82x | 9.5% | 57% | With the special servicer |
| Meridian Sunrise Village | Puyallup, WA | Retail | $45.0M | 4.62% | Oct 2027 | 2.41x | 11.3% | 96% | Current |
| Inn at the Market | Seattle, WA | Hotel | $32.8M | 4.648% | Nov 2027 | 1.95x | 12.9% | 80% | Current |
| Linq Apartments | Kenmore, WA | Multifamily | $28.5M | 4.385% | Dec 2027 | 2.04x | 9.1% | 96% | Current |
| Hidden Valley Office Park | Bellevue, WA | Office | $18.5M | 3.788% | Nov 2027 | 3.68x | 14.2% | 89% | Current |
| Covington Center II | Covington, WA | Retail | $13.7M | 4.50% | Sep 2027 | 1.50x | 11.0% | 100% | Current |
| Port Gardner Building | Everett, WA | Office | $12.1M | 4.47% | Aug 2027 | 2.69x | 17.7% | 100% | Current |
| Elysian Brewery | Seattle, WA | Industrial | $12.0M | 4.392% | Dec 2027 | 2.49x | 11.2% | 100% | Current |
| 1102 Broadway | Tacoma, WA | Office | $10.8M | 4.272% | Oct 2027 | 2.02x | 13.8% | 100% | Current |
| Comfort Inn & Suites-Seattle | Seattle, WA | Hotel | $6.3M | 5.39% | Mar 2027 | 1.82x | 14.6% | 88% | 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 Seattle 2027 maturities?
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