Office portfolio, 3 properties · Seattle, Washington
4th & Battery
Public CMBS trusts hold $135.0M of the loan on this portfolio at 4.378% that reaches maturity on June 5, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $135,000,000
- Original balance (same notes)
- $135,000,000
- Interest rate
- 4.378% fixed
- Originated
- June 5, 2019
- Maturity
- June 5, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- October 4, 2021
- Originator
- Grass River Real Estate Credit Partners Loan Funding, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 3, 2025
- Workout strategy
- Other
- Modified
- Yes, most recently February 8, 2022
- Defeasance
- None reported
The property
- Address
- 2401 4th Avenue, Seattle, WA 98121
- Metro
- Seattle-Tacoma-Bellevue, WA
- Value at securitization
- $228.7M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $12.1M | n/a |
Watch flags
Computed from the CSAIL 2020-C19 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 4th & Battery | Seattle, WA | Office | n/a | n/a |
| 333 Elliott | Seattle, WA | Office | n/a | n/a |
| 3rd & Battery | Seattle, WA | Office | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $135.0M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $135.0M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $135.0M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $135.0M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $135.0M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $135.0M | 90+ days delinquent | Yes | 0.74x | 35% |
| March 2026 | $135.0M | 90+ days delinquent | Yes | 0.74x | 35% |
| February 2026 | $135.0M | 90+ days delinquent | Yes | 0.74x | 35% |
| January 2026 | $135.0M | 90+ days delinquent | Yes | 0.74x | 35% |
| December 2025 | $135.0M | 90+ days delinquent | Yes | 0.74x | 35% |
| November 2025 | $135.0M | 90+ days delinquent | Yes | 0.89x | 35% |
| October 2025 | $135.0M | 90+ days delinquent | Yes | 0.89x | 44% |
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 February 3, 2025, still there.
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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2019-C17 Commercial Mortgage Trust | 1 | $75,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| CSAIL 2020-C19 Commercial Mortgage Trust | 3 | $60,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Newport Corporate Center | Bellevue, WA | Office | $164.0M | 3.543% | May 2029 | 5.70x | 100% | Current |
| Summit 1, 2, 3 | Bellevue, WA | Office | $155.0M | 2.952% | Feb 2029 | n/a | n/a | Current |
| Sunset North | Bellevue, WA | Office | $150.0M | 3.25% | Oct 2029 | 1.96x | 66% | Current |
| Millennium Corporate Park | Redmond, WA | Office | $131.0M | 3.032% | Jan 2029 | 3.62x | 89% | Current |
| 90 North Campus | Bellevue, WA | Office | $80.0M | 3.732% | Dec 2029 | 2.97x | 100% | Current |
| University Village, Seattle | Seattle, WA | Retail | $75.0M | 3.30% | Dec 2029 | 2.52x | 95% | Current |
| The Summit, Bellevue | Bellevue, WA | Office | $65.0M | 2.952% | Feb 2029 | n/a | n/a | Current |
| The Outlet Collection Seattle | Auburn, WA | Retail | $53.3M | 7.33% | Dec 2029 | 2.57x | 98% | Current |
All loans maturing in 2029 · All Seattle-Tacoma-Bellevue 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.