Office · San Francisco, California
160 Pine Street
160 Pine Street is financed with a $27.2M CMBS loan at 3.584% that reaches maturity on March 11, 2031, in 4 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $27,170,000
- Original balance (same notes)
- $27,170,000
- Interest rate
- 3.584% fixed
- Originated
- March 5, 2021
- Maturity
- March 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 10, 2023
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 160 Pine Street, San Francisco, CA 94111
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 88,174 sq ft
- Built
- 1956, renovated 1987
- Largest tenants
- IMEG Corp.; IVO AI Inc; Posit Science Corporation
- Value at securitization
- $49.4M (Feb 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.27x | 0.82x |
| Occupancy | 77% | 48% |
| Net operating income (annualized from 6 months) | $2.2M | $811K |
| Debt yield | 3.0% |
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 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C59 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since June 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 77% when the loan was securitized to 48%.
- Net operating income is 64% below the underwritten figure ($811K a year against $2.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.27x at securitization to 0.82x on the latest statements.
- At 0.82x, the property's reported NOI does not cover its debt service.
- The filing gives Sep 2026 as the lease end date for the largest tenant (IMEG Corp.), 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 | $27.2M | Current | No | 0.82x | 48% |
| August 2026 | $27.2M | Current | No | 0.89x | 63% |
| July 2026 | $27.2M | Current | No | 0.89x | 63% |
| June 2026 | $27.2M | Current | No | 0.89x | 63% |
| May 2026 | $27.2M | Current | No | 1.24x | 68% |
| April 2026 | $27.2M | Current | No | 1.24x | 68% |
| March 2026 | $27.2M | Current | No | 1.31x | 68% |
| February 2026 | $27.2M | Current | No | 1.31x | 68% |
| January 2026 | $27.2M | Current | No | 1.31x | 68% |
| December 2025 | $27.2M | Current | No | 1.31x | 68% |
| November 2025 | $27.2M | Current | No | 1.25x | 68% |
| October 2025 | $27.2M | Current | No | 1.25x | 68% |
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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C59 | 9 | $27,170,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| SOMA Teleco Office | San Francisco, CA | Office | $102.5M | 3.66% | Apr 2031 | 1.53x | 55% | Current |
| The Veranda | Concord, CA | Retail | $100.0M | 2.99% | Oct 2031 | 3.66x | 96% | Current |
| 360 Spear Street | San Francisco, CA | Office | $87.0M | 2.768% | Jan 2031 | 4.94x | 100% | Current |
| 499 Forbes | San Francisco, CA | Industrial | $75.0M | 7.17% | Jul 2031 | n/a | n/a | Current |
| ActivSpace Portfolio | San Francisco, CA | Self storage | $50.0M | 5.738% | Jan 2031 | n/a | n/a | Current |
| Corporate Research Center | Hayward, CA | Mixed use | $44.5M | 2.54% | Oct 2031 | 4.51x | 90% | Current |
| One Trinity Center | San Francisco, CA | Office | $40.0M | 2.91% | Jul 2031 | 3.11x | 100% | Current |
| Storquest - Richmond, Ca | Richmond, CA | Self storage | $34.0M | 3.666% | Dec 2031 | 2.12x | 88% | Current |
All loans maturing in 2031 · 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.