Mixed use · San Mateao, California
405 E 4th Aenue
Public CMBS trusts hold $20.0M of the loan on 405 E 4th Aenue at 3.62% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,000,000
- Original balance (same notes)
- $20,000,000
- Interest rate
- 3.62% fixed
- Originated
- November 4, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2029
- Master servicer
- Wells Fargo
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently July 7, 2021
- Defeasance
- None reported
The property
- Address
- 405 E 4th Avenue, San Mateao, CA 94401
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 71,254 sq ft
- Built
- 2019
- Largest tenants
- Snowflake Computing, Inc.; Railroad Villas, LLC; Verkada, Inc
- Value at securitization
- $98.3M (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.26x | 2.66x |
| Occupancy | 100% | 99% |
| Net operating income (annualized from 6 months) | $5.2M | $12.3M |
| Debt yield | 61.4% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Modified
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 137% above the underwritten figure ($12.3M a year against $5.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.26x at securitization to 2.66x on the latest statements.
- The filing gives Jul 2029 as the lease end date for the largest tenant (Snowflake Computing, Inc.), 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 | $20.0M | Current | No | 2.66x | 99% |
| August 2026 | $20.0M | Current | No | n/a | n/a |
| July 2026 | $20.0M | Current | No | n/a | n/a |
| June 2026 | $20.0M | Current | No | n/a | n/a |
| May 2026 | $20.0M | Current | No | n/a | n/a |
| April 2026 | $20.0M | Current | No | 2.55x | 100% |
| March 2026 | $20.0M | Current | No | 2.48x | 100% |
| February 2026 | $20.0M | Current | No | 2.48x | 100% |
| January 2026 | $20.0M | Current | No | 2.48x | 100% |
| December 2025 | $20.0M | Current | No | 2.27x | 100% |
| November 2025 | $20.0M | Current | No | 2.27x | 100% |
| October 2025 | $20.0M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 | 21 | $20,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 560 Mission Street | San Francisco, CA | Office | $300.0M | 2.589% | Dec 2029 | 2.37x | 97% | Current |
| 101 California Street | San Francisco, CA | Office | $200.0M | 3.85% | Mar 2029 | 1.60x | 91% | Current |
| 350 Bush Street | San Francisco, CA | Office | $185.0M | 3.912% | May 2029 | 4.63x | 100% | Current |
| 188 Spear Street | San Francisco, CA | Office | $125.0M | 3.57% | Jun 2029 | 3.57x | 97% | With the special servicer |
| Nema San Francisco | San Francisco, CA | Multifamily | $75.0M | 4.436% | Feb 2029 | 1.34x | 97% | Current |
| One Stockton | San Francisco, CA | Retail | $66.0M | 4.04% | Dec 2029 | -0.37x | 100% | Current |
| Pleasanton Corporate Commons | Pleasanton, CA | Mixed use | $65.8M | 7.78% | May 2029 | 1.88x | 100% | Current |
| Central Tower | San Francisco, CA | Office | $63.7M | 4.06% | May 2029 | 1.11x | 34% | With the special servicer and 90+ days delinquent |
All loans maturing in 2029 · 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.