Retail · Orinda, California
27 Orinda Way
27 Orinda Way is financed with a $4.4M CMBS loan at 4.78% that reaches maturity on March 11, 2028, in 16 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,400,659
- Original balance (same notes)
- $4,500,000
- Interest rate
- 4.78% fixed
- Originated
- February 21, 2018
- Maturity
- March 11, 2028
- Payments
- Interest only for 84 months, then amortizing
- Prepayment lockout ends
- December 10, 2027
- 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
- 27 Orinda Way, Orinda, CA 94563
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 14,904 sq ft
- Built
- 1958
- Largest tenants
- RITE AID
- Value at securitization
- $11.3M (Jan 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.51x | 0.64x |
| Occupancy | 100% | n/a |
| Net operating income | $426K | $169K |
| Debt yield | 3.9% |
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 BANK 2018-BNK11 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage below 1.00x
- Coverage down 0.25x 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
- Net operating income is 60% below the underwritten figure ($169K a year against $426K).
- Debt service coverage moved from 1.51x at securitization to 0.64x on the latest statements.
- At 0.64x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.4M | Current | No | 0.64x | n/a |
| August 2026 | $4.4M | Current | No | 0.64x | n/a |
| July 2026 | $4.4M | Late payment but less than 30 days delinquent | No | 0.64x | n/a |
| June 2026 | $4.4M | Current | No | 0.64x | n/a |
| May 2026 | $4.4M | Current | No | 1.70x | 100% |
| April 2026 | $4.4M | Current | No | 1.70x | 100% |
| March 2026 | $4.4M | Current | No | 1.70x | 100% |
| February 2026 | $4.4M | Late payment but less than 30 days delinquent | No | 1.70x | 100% |
| January 2026 | $4.5M | Late payment but less than 30 days delinquent | No | 1.70x | 100% |
| December 2025 | $4.5M | Current | No | 1.70x | 100% |
| November 2025 | $4.5M | Current | No | 1.70x | 100% |
| October 2025 | $4.5M | Late payment but less than 30 days delinquent | No | 1.70x | 100% |
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 |
|---|---|---|---|---|
| BANK 2018-BNK11 | 28 | $4,400,659 | Sep 2026 | SEC filing, October 1, 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.