Office · Washington, District of Columbia
1825 K Street Nw
Public CMBS trusts hold $42.0M of the loan on 1825 K Street Nw at 7.547% that reaches maturity on July 5, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $42,000,000
- Original balance (same notes)
- $42,000,000
- Interest rate
- 7.547% fixed
- Originated
- June 26, 2023
- Maturity
- July 5, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 4, 2028
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1825 K Street Northwest, Washington, DC 20006
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 260,419 sq ft
- Built
- 1966, renovated 2019
- Largest tenants
- Union of Concerned Scientists; TD International LLC; The Morris & Gwendolyn Cafritz
- Value at securitization
- $79.2M (Mar 2023)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 1.76x | 1.67x |
| Occupancy | 73% | 69% |
| Net operating income | $5.6M | $5.4M |
| Debt yield | 12.8% |
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 BANK5 2023-5YR4 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 73% when the loan was securitized to 69%.
- The filing gives Apr 2026 as the lease end date for the largest tenant (Union of Concerned Scientists), 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 | $42.0M | Late payment but less than 30 days delinquent | No | 1.67x | 69% |
| August 2026 | $42.0M | Current | No | 1.67x | 69% |
| July 2026 | $42.0M | Current | No | 1.67x | 69% |
| June 2026 | $42.0M | Current | No | 1.67x | 69% |
| May 2026 | $42.0M | Current | No | 1.67x | 69% |
| April 2026 | $42.0M | Current | No | 1.67x | 69% |
| March 2026 | $42.0M | Current | No | 1.67x | 69% |
| February 2026 | $42.0M | Current | No | 0.83x | 73% |
| January 2026 | $42.0M | Current | No | 0.83x | 73% |
| December 2025 | $42.0M | Current | No | 0.83x | 73% |
| November 2025 | $42.0M | Current | No | 0.83x | 73% |
| October 2025 | $42.0M | Current | No | 0.83x | 73% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2023-BNK46 | 10 | $32,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 2023-5YR4 | 21 | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Tysons Corner Center | McLean, VA | Retail | $269.8M | 6.601% | Dec 2028 | 1.93x | 86% | Current |
| One Dulles Tower | Herndon, VA | Office | $152.0M | 3.986% | Mar 2028 | 2.32x | 100% | Current |
| Village at Leesburg | Leesburg, VA | Retail | $124.3M | 4.758% | Apr 2028 | 1.19x | 96% | Current |
| Extra Space Washington | Washington, DC | Self storage | $105.0M | 4.532% | Mar 2028 | n/a | n/a | Current |
| Sentinel Square II | Washington, DC | Office | $104.0M | 6.05% | Dec 2028 | 1.18x | 94% | Current |
| Braddock Metro Center | Alexandria, VA | Office | $71.6M | 4.57% | Feb 2028 | 1.01x | 81% | With the special servicer and 90+ days delinquent |
| Ellsworth Place | Silver Spring, MD | Retail | $64.5M | 5.01% | Aug 2028 | 1.31x | 91% | With the special servicer and 90+ days delinquent |
| South Lake at Dulles | Herndon, VA | Office | $60.5M | 6.058% | Mar 2028 | 2.36x | 100% | Current |
All loans maturing in 2028 · All Washington-Arlington-Alexandria 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.