Mixed use · San Francisco, California
1010 Bush
1010 Bush is financed with a $8.0M CMBS loan at 5.445% that reaches maturity on November 6, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,000,000
- Original balance (same notes)
- $8,000,000
- Interest rate
- 5.445% fixed
- Originated
- October 19, 2018
- Maturity
- November 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 5, 2020
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred March 2, 2022, returned May 23, 2023
- Workout strategy
- Resolved
- Modified
- Yes, most recently November 22, 2022
- Defeasance
- None reported
The property
- Address
- 1010 Bush Street, San Francisco, CA 94109
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 20,586 sq ft
- Built
- 1907
- Largest tenants
- BALMORAL RESIDENCES LLC; GUSTO PINZA PIZZA; MEYLIANAH MULIA MORNING FIX CAFÉ
- Value at securitization
- $12.5M (Jul 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.58x | 1.04x |
| Occupancy | 100% | 99% |
| Net operating income (annualized from 3 months) | $697K | $458K |
| Debt yield | 5.7% |
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 CSAIL 2018-C14 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Modified
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
- Net operating income is 34% below the underwritten figure ($458K a year against $697K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.58x at securitization to 1.04x on the latest statements.
- The most recent valuation in the filing is $8.1M (January 24, 2023), against $12.5M at securitization.
- The filing gives Feb 2026 as the lease end date for the largest tenant (BALMORAL RESIDENCES LLC), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.0M | Current | No | 1.04x | 99% |
| August 2026 | $8.0M | Current | No | 1.04x | 99% |
| July 2026 | $8.0M | Current | No | 1.04x | 99% |
| June 2026 | $8.0M | Current | No | 1.11x | 97% |
| May 2026 | $8.0M | Current | No | 1.06x | 98% |
| April 2026 | $8.0M | Current | No | 1.06x | 98% |
| March 2026 | $8.0M | Current | No | 1.06x | 98% |
| February 2026 | $8.0M | Current | No | 1.06x | 98% |
| January 2026 | $8.0M | Current | No | 1.06x | 98% |
| December 2025 | $8.0M | Current | No | 1.06x | 98% |
| November 2025 | $8.0M | Current | No | 1.08x | 94% |
| October 2025 | $8.0M | Current | No | 1.08x | 94% |
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 March 2, 2022, returned to the master servicer May 23, 2023.
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 |
|---|---|---|---|---|
| CSAIL 2018-C14 Commercial Mortgage Trust | 34 | $8,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 181 Fremont Street | San Francisco, CA | Office | $250.0M | 3.709% | Apr 2028 | 3.52x | 100% | Current |
| The Gateway | San Francisco, CA | Multifamily | $210.0M | 3.722% | Apr 2028 | 2.91x | 95% | Current |
| Charles Schwab Plaza | San Francisco, CA | Office | $119.4M | 3.555% | Apr 2028 | 2.02x | 100% | Current |
| Pier 70 | San Francisco, CA | Mixed use | $115.0M | 4.878% | Oct 2028 | 3.03x | 100% | Current |
| InterContinental San Francisco | San Francisco, CA | Hotel | $91.4M | 4.145% | Jan 2028 | 0.54x | 65% | Current |
| City Square and Clay Street | Oakland, CA | Mixed use | $90.0M | 4.728% | Feb 2028 | 0.81x | 54% | Current |
| Lake Merritt Plaza | Oakland, CA | Office | $80.0M | 8.012% | Nov 2028 | 1.57x | 75% | Current |
| 400 South El Camino Real | San Mateo, CA | Office | $67.7M | 4.697% | Dec 2028 | 1.48x | 99% | Current |
All loans maturing in 2028 · All San Francisco-Oakland-Fremont 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.