Office · New York, New York
245 Park Avenue
Public CMBS trusts hold $700.0M of the loan on 245 Park Avenue at 3.669% that reaches maturity on June 1, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $700,000,000
- Original balance (same notes)
- $700,000,000
- Interest rate
- 3.669% fixed
- Originated
- May 5, 2017
- Maturity
- June 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 28, 2027
- Master servicer
- Trimont LLC
- Originator
- Deutsche Bank AG, New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred November 16, 2021, returned November 14, 2022
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 245 Park Avenue, New York, NY 10167
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 1,723,993 sq ft
- Built
- 1965, renovated 2006
- Largest tenants
- Societe Generale; ARES MANAGEME; Houlihan Lokey Inc
- Value at securitization
- $2.2B (Apr 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.87x | 2.08x |
| Occupancy | 91% | 97% |
| Net operating income (annualized from 6 months) | $115.3M | $83.9M |
| Debt yield | 12.0% |
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 UBS Commercial Mortgage Trust 2017-C4 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
- Matures within 12 months
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 risen from 91% when the loan was securitized to 97%.
- Net operating income is 27% below the underwritten figure ($83.9M a year against $115.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.87x at securitization to 2.08x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $700.0M | Current | No | 2.08x | 97% |
| August 2026 | $700.0M | Current | No | 2.03x | 97% |
| July 2026 | $700.0M | Current | No | 2.03x | 97% |
| June 2026 | $700.0M | Current | No | 2.03x | 98% |
| May 2026 | $700.0M | Current | No | 1.92x | 95% |
| April 2026 | $700.0M | Current | No | 1.92x | 93% |
| March 2026 | $700.0M | Current | No | 1.92x | 93% |
| February 2026 | $700.0M | Current | No | 1.89x | 93% |
| January 2026 | $700.0M | Current | No | 1.89x | 93% |
| December 2025 | $683.0M | Current | No | 1.89x | 87% |
| November 2025 | $700.0M | Current | No | 1.89x | 87% |
| October 2025 | $700.0M | Late payment but less than 30 days delinquent | No | 1.89x | 87% |
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 November 2, 2021, returned to the master servicer November 14, 2022.
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
The loan is split into 15 notes held by different trusts. Each trust reports its own piece.
Other New York-Newark-Jersey City loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| General Motors Building | New York, NY | Mixed use | $726.3M | 3.43% | Jun 2027 | 2.58x | 99% | Current |
| Yorkshire Towers | New York, NY | Multifamily | $318.0M | 3.04% | Jun 2027 | n/a | n/a | Current |
| Olympic Tower | New York, NY | Mixed use | $280.0M | 3.954% | May 2027 | n/a | n/a | Current |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.693% | Jun 2027 | 2.28x | 62% | With the special servicer |
| 225 & 233 Park Avenue South | New York, NY | Office | $235.0M | 3.651% | Jun 2027 | -0.14x | 29% | Current |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| 237 Park Avenue | New York, NY | Office | $215.4M | 3.752% | Aug 2027 | 3.71x | 89% | Current |
| Park West Village | New York, NY | Multifamily | $187.5M | 4.65% | Aug 2027 | n/a | n/a | Current |
All loans maturing in 2027 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.