Office · Mountain View, California
590 Middlefield
590 Middlefield is financed with a $48.8M CMBS loan at 5.369% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $48,750,000
- Original balance (same notes)
- $48,750,000
- Interest rate
- 5.369% fixed
- Originated
- November 8, 2018
- Maturity
- December 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, acting through its New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred August 16, 2023, returned April 29, 2024
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 590 E. Middlefield Road, Mountain View, CA 94043
- Metro
- San Jose-Sunnyvale-Santa Clara, CA
- Rentable area
- 99,880 sq ft
- Built
- 2012
- Largest tenants
- Omnissa, LLC; Drivemode, Inc.
- Value at securitization
- $80.0M (Jul 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.45x | 1.40x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $3.9M | $3.8M |
| Debt yield | 7.7% |
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 Benchmark 2018-B8 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- The most recent valuation in the filing is $50.2M (September 21, 2023), against $80.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $48.8M | Current | No | 1.40x | 100% |
| August 2026 | $48.8M | Late payment but less than 30 days delinquent | No | 1.40x | 100% |
| July 2026 | $48.8M | Current | No | 1.40x | 100% |
| June 2026 | $48.8M | Current | No | n/a | n/a |
| May 2026 | $48.8M | Current | No | n/a | n/a |
| April 2026 | $48.8M | Current | No | 0.57x | 100% |
| March 2026 | $48.8M | Current | No | 0.57x | 100% |
| February 2026 | $48.8M | Current | No | 0.57x | 100% |
| January 2026 | $48.8M | Current | No | 0.57x | 100% |
| December 2025 | $48.8M | Current | No | 0.61x | 100% |
| November 2025 | $48.8M | Late payment but less than 30 days delinquent | No | 0.61x | 100% |
| October 2025 | $48.8M | Current | No | 0.61x | 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.
Special-servicing history
- Transferred to the special servicer August 16, 2023, returned to the master servicer April 29, 2024.
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2018-B8 Mortgage Trust | 6 | $48,750,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other San Jose-Sunnyvale-Santa Clara loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Apple Campus 3, Sunnyvale (2028 maturity), loan 1 in BANK 2018-BNK10 | Sunnyvale, CA | Office | $310.0M | 3.365% | Jan 2028 | 3.78x | 100% | Current |
| Moffett Towers - Buildings E,f,g | Sunnyvale, CA | Office | $284.0M | 4.131% | Oct 2028 | 3.51x | 100% | Current |
| Moffett Towers II - Building 1 | Sunnyvale, CA | Office | $158.6M | 3.894% | Apr 2028 | 2.23x | 100% | Current |
| 1001 North Shoreline Boulevard | Mountain View, CA | Office | $64.5M | 3.465% | Apr 2028 | 3.61x | 100% | Current |
| 3495 Deer Creek Road | Palo Alto, CA | Office | $50.0M | 4.955% | Apr 2028 | 2.69x | 100% | Current |
| 601 Mccarthy | Milpitas, CA | Office | $30.7M | 4.172% | Sep 2028 | 4.69x | 100% | Current |
| 435 Tasso Street | Palo Alto, CA | Office | $30.0M | 4.402% | Dec 2028 | 1.02x | 73% | Current |
| Apple Campus 3, Sunnyvale (2028 maturity), loan 7 in Wells Fargo Commercial Mortgage Trust 2018-C43 | Sunnyvale, CA | Office | $30.0M | 3.365% | Jan 2028 | 3.78x | 100% | Current |
All loans maturing in 2028 · All San Jose-Sunnyvale-Santa Clara 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.