Office · San Francisco, California
50 Fell Street
50 Fell Street is financed with a $12.0M CMBS loan at 5.141% that reaches maturity on August 1, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,000,000
- Original balance (same notes)
- $12,000,000
- Interest rate
- 5.141% fixed
- Originated
- July 18, 2018
- Maturity
- August 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 31, 2020
- Prepayment premium ends
- April 30, 2028 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 50 Fell Street, San Francisco, CA 94102
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 23,604 sq ft
- Built
- 1931, renovated 2014
- Largest tenants
- Endeavour Schools II LLC
- Value at securitization
- $19.0M (Jun 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.75x | 2.56x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.1M | $1.6M |
| Debt yield | 13.4% |
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 BANK 2018-BNK14 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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
- Net operating income is 47% above the underwritten figure ($1.6M a year against $1.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.75x at securitization to 2.56x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.0M | Current | No | 2.56x | 100% |
| August 2026 | $12.0M | Current | No | 2.87x | 100% |
| July 2026 | $12.0M | Current | No | 2.87x | 100% |
| May 2026 | $12.0M | Current | No | 2.32x | 100% |
| April 2026 | $12.0M | Current | No | 2.32x | 100% |
| March 2026 | $12.0M | Current | No | 2.31x | 100% |
| February 2026 | $12.0M | Current | No | 2.31x | 100% |
| January 2026 | $12.0M | Current | No | 2.31x | 100% |
| December 2025 | $12.0M | Current | No | 2.31x | 100% |
| November 2025 | $12.0M | Current | No | 2.31x | 100% |
| October 2025 | $12.0M | Current | No | 2.40x | 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-BNK14 | 31 | $12,000,000 | 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.