Office · Seattle, Washington
1000 Denny Way
1000 Denny Way is financed with a $56.0M CMBS loan at 5.107% that reaches maturity on February 6, 2027, in 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $56,000,000
- Original balance (same notes)
- $56,000,000
- Interest rate
- 5.107% fixed
- Originated
- January 24, 2017
- Maturity
- February 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 5, 2019
- Master servicer
- Trimont LLC
- Originator
- Barclays
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred September 9, 2026
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 1000 Denny Way, Seattle, WA 98109
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 262,565 sq ft
- Built
- 1929, renovated 2016
- Largest tenants
- Level 3 Communications; Seattle Times Company; Best Buy
- Value at securitization
- $108.0M (Dec 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.97x | 1.69x |
| Occupancy | 92% | 57% |
| Net operating income (annualized from 3 months) | $5.7M | $5.0M |
| Debt yield | 8.9% |
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 BBCMS Mortgage Trust 2017-C1 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- Matures within 12 months
On the cmbs.news watch list in every report since September 2026.
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 92% when the loan was securitized to 57%.
- Net operating income is 13% below the underwritten figure ($5.0M a year against $5.7M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.97x at securitization to 1.69x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $56.0M | Current | Yes | 1.69x | 57% |
| August 2026 | $56.0M | Current | No | 1.69x | 57% |
| July 2026 | $56.0M | Current | No | 1.69x | 57% |
| June 2026 | $56.0M | Current | No | 2.10x | 63% |
| May 2026 | $56.0M | Current | No | 2.10x | 63% |
| April 2026 | $56.0M | Current | No | 2.10x | 63% |
| March 2026 | $56.0M | Current | No | 1.97x | 63% |
| February 2026 | $56.0M | Current | No | 1.97x | 63% |
| January 2026 | $56.0M | Current | No | 1.97x | 63% |
| December 2025 | $56.0M | Current | No | 1.97x | 63% |
| November 2025 | $56.0M | Current | No | 1.97x | 63% |
| October 2025 | $56.0M | Current | No | 1.97x | 63% |
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.
Special-servicing history
- Transferred to the special servicer September 9, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2017-C1 | 3 | $56,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Komo Plaza | Seattle, WA | Mixed use | $139.0M | 4.299% | Jan 2027 | 2.85x | 100% | Current |
| Westin Building Exchange | Seattle, WA | Other | $135.0M | 3.29% | Jul 2027 | 18.47x | 71% | Current |
| Grand Hyatt Seattle | Seattle, WA | Hotel | $133.0M | 4.74% | Jun 2027 | -0.24x | 66% | Current |
| Renaissance Seattle Hotel | Seattle, WA | Hotel | $127.0M | 4.81% | Jun 2027 | 0.41x | 66% | Current |
| Bravern Office Commons | Bellevue, WA | Office | $75.0M | 3.203% | Jan 2027 | 3.54x | 100% | With the special servicer and 90+ days delinquent |
| Centre 425 Bellevue, Bellevue (2027 maturity), loan 8 in CSAIL 2017-CX10 Commercial Mortgage Trust | Bellevue, WA | Office | $44.0M | 4.151% | Nov 2027 | 1.94x | 100% | Current |
| Centre 425 Bellevue, Bellevue (2027 maturity), loan 4 in UBS Commercial Mortgage Trust 2017-C5 | Bellevue, WA | Office | $40.0M | 4.151% | Nov 2027 | 4.53x | 100% | Current |
| Meridian Sunrise Village | Puyallup, WA | Retail | $35.0M | 4.62% | Oct 2027 | 2.41x | 96% | Current |
All loans maturing in 2027 · All Seattle-Tacoma-Bellevue loans
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.