Office · San Mateo, California
400 South El Camino Real
400 South El Camino Real is financed with a $67.7M CMBS loan at 4.697% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $67,665,654
- Original balance (same notes)
- $75,000,000
- Interest rate
- 4.697% fixed
- Originated
- November 28, 2018
- Maturity
- December 6, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment premium ends
- September 5, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 400 South El Camino Real, San Mateo, CA 94402
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 145,398 sq ft
- Built
- 1973, renovated 2015
- Largest tenants
- Sunstone Partner; Dompe U.S., Inc.; Slickdeals, LLC
- Value at securitization
- $128.0M (Oct 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.66x | 1.48x |
| Occupancy | 96% | 99% |
| Net operating income (annualized from 3 months) | $7.7M | $7.0M |
| Debt yield | 10.3% |
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 JPMCC Commercial Mortgage Securities Trust 2019-COR4 filing for the reporting period ending October 6, 2026, filed with the SEC October 21, 2026.
- Largest tenant's lease ends 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
- Net operating income is 10% below the underwritten figure ($7.0M a year against $7.7M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.66x at securitization to 1.48x on the latest statements.
- The filing gives Apr 2027 as the lease end date for the largest tenant (Sunstone Partner), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $67.7M | Current | No | 1.48x | 99% |
| September 2026 | $67.8M | Current | No | 1.48x | 99% |
| August 2026 | $67.9M | Current | No | 1.48x | 99% |
| July 2026 | $68.0M | Current | No | n/a | n/a |
| June 2026 | $68.1M | Current | No | n/a | n/a |
| May 2026 | $68.3M | Current | No | n/a | n/a |
| April 2026 | $68.4M | Current | No | 1.23x | 100% |
| March 2026 | $68.5M | Current | No | 1.36x | 83% |
| February 2026 | $68.6M | Current | No | 1.36x | 83% |
| January 2026 | $68.7M | Current | No | 1.36x | 83% |
| December 2025 | $68.8M | Current | No | 1.30x | 83% |
| November 2025 | $69.0M | Current | No | 1.30x | 93% |
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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2019-COR4 | 2 | $67,665,654 | Oct 2026 | SEC filing, October 21, 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 |
| 600 Clipper | Belmont, CA | Office | $54.3M | 3.717% | Jan 2028 | 2.20x | 100% | 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 October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.