Office · San Jose, California
2665 North First
2665 North First is financed with a $29.0M CMBS loan at 3.63% that reaches maturity on October 6, 2030, in 3 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $29,000,000
- Original balance (same notes)
- $29,000,000
- Interest rate
- 3.63% fixed
- Originated
- September 22, 2020
- Maturity
- October 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ended
- October 5, 2021
- Prepayment premium ends
- August 5, 2030 (yield maintenance)
- Master servicer
- CBRE
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2665 N 1st St, San Jose, CA 95134
- Metro
- San Jose-Sunnyvale-Santa Clara, CA
- Rentable area
- 130,820 sq ft
- Built
- 1983, renovated 2014
- Largest tenants
- State of California, DGS; EARGO, INC.; ONESPACE
- Value at securitization
- $48.6M (Jul 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.90x | 2.90x |
| Occupancy | 83% | 89% |
| Net operating income | $3.1M | $3.1M |
| Debt yield | 10.7% |
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 Benchmark 2020-B20 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 risen from 83% when the loan was securitized to 89%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $29.0M | Current | No | 2.90x | 89% |
| August 2026 | $29.0M | Current | No | 2.90x | 89% |
| July 2026 | $29.0M | Current | No | 2.90x | 89% |
| June 2026 | $29.0M | Current | No | n/a | n/a |
| May 2026 | $29.0M | Current | No | n/a | n/a |
| April 2026 | $29.0M | Current | No | 2.97x | 83% |
| March 2026 | $29.0M | Current | No | 2.91x | 83% |
| February 2026 | $29.0M | Current | No | 2.91x | 83% |
| January 2026 | $29.0M | Current | No | 2.91x | 83% |
| December 2025 | $29.0M | Current | No | 3.19x | 83% |
| November 2025 | $29.0M | Current | No | 3.19x | 83% |
| October 2025 | $29.0M | Current | No | 3.19x | 83% |
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 |
|---|---|---|---|---|
| Benchmark 2020-B20 Mortgage Trust | 14 | $29,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other San Jose-Sunnyvale-Santa Clara loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Moffett Towers Building B | Sunnyvale, CA | Office | $227.6M | 3.49% | Feb 2030 | n/a | n/a | Current |
| Coleman Highline, San Jose (2030 maturity), loan 2 in BANK 2020-BNK29 | San Jose, CA | Office | $167.7M | 2.867% | Nov 2030 | 4.15x | 100% | Current |
| Coleman Highline, San Jose (2030 maturity), loan 2 in BENCHMARK 2020-B19 MORTGAGE TRUST | San Jose, CA | Office | $155.0M | 2.80% | Sep 2030 | 4.47x | 100% | Current |
| Moffett Place - Building 6 | Sunnyvale, CA | Office | $132.6M | 3.369% | Aug 2030 | n/a | n/a | Current |
| Murphy Crossing | Milpitas, CA | Office | $85.0M | 3.58% | Mar 2030 | 2.94x | 21% | Current |
| 280 North Bernardo | Mountain View, CA | Office | $71.0M | 3.95% | Jul 2030 | n/a | n/a | Current |
| The Campus at Lawson Lane | Santa Clara, CA | Office | $70.0M | 5.327% | Aug 2030 | n/a | n/a | Current |
| Netflix Hq | Los Gatos, CA | Office | $55.1M | 6.027% | Oct 2030 | n/a | n/a | Current |
All loans maturing in 2030 · All San Jose-Sunnyvale-Santa Clara 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.