Office · San Francisco, California
634 Second Street
634 Second Street is financed with a $27.9M CMBS loan at 4.909% that reaches maturity on March 6, 2027, in 4 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $27,855,802
- Original balance (same notes)
- $30,000,000
- Interest rate
- 4.909% fixed
- Originated
- February 14, 2017
- Maturity
- March 6, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- June 5, 2019
- Prepayment premium ends
- September 5, 2026 (yield maintenance)
- Originator
- GSMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 634 Second Street, San Francisco, CA 94107
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 46,872 sq ft
- Built
- 1927, renovated 2008
- Largest tenants
- Cloudfare, Inc; Falafel Inc.
- Value at securitization
- $40.5M (Aug 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.30x | 2.23x |
| Occupancy | 100% | 99% |
| Net operating income (annualized from 6 months) | $2.5M | $8.6M |
| Debt yield | 30.9% |
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 GS Mortgage Securities Trust 2017-GS6 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Matures 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 247% above the underwritten figure ($8.6M a year against $2.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.30x at securitization to 2.23x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $27.9M | Current | No | 2.23x | 99% |
| September 2026 | $27.9M | Current | No | 2.23x | 99% |
| August 2026 | $28.0M | Payment not received but still in grace period or not yet due | No | 2.23x | 99% |
| July 2026 | $28.0M | Current | No | 2.42x | 99% |
| June 2026 | $28.0M | Current | No | n/a | n/a |
| May 2026 | $28.1M | Current | No | n/a | n/a |
| April 2026 | $28.1M | Current | No | 1.85x | 99% |
| March 2026 | $28.2M | Current | No | 1.85x | 99% |
| February 2026 | $28.2M | Current | No | 1.86x | 99% |
| January 2026 | $28.3M | Payment not received but still in grace period or not yet due | No | 1.86x | 99% |
| December 2025 | $28.3M | Current | No | 1.86x | 99% |
| November 2025 | $28.3M | Current | No | 1.86x | 99% |
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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2017-GS6 | 12 | $27,855,802 | Oct 2026 | SEC filing, October 22, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 222 Second Street | San Francisco, CA | Office | $291.5M | 3.926% | Sep 2027 | 1.25x | 100% | Current |
| 300 Montgomery | San Francisco, CA | Office | $66.0M | 3.57% | Sep 2027 | 1.56x | 61% | Current |
| 55 Hawthorne | San Francisco, CA | Office | $61.5M | 4.123% | Jan 2027 | -0.77x | 24% | With the special servicer and 90+ days delinquent |
| Doubletree Berkeley Marina | Berkeley, CA | Hotel | $30.1M | 4.82% | Sep 2027 | -0.48x | 72% | With the special servicer |
| 181 Second Avenue | San Mateo, CA | Office | $22.6M | 3.60% | Jul 2027 | 2.51x | 67% | Current |
| 555 De Haro | San Francisco, CA | Industrial | $19.0M | 4.31% | Nov 2027 | 1.95x | 80% | Current |
| San Mateo Self Storage | San Mateo, CA | Self storage | $19.0M | 4.35% | Feb 2027 | 3.25x | 100% | Current |
| 1450 Veterans | Redwood City, CA | Office | $17.9M | 4.07% | Aug 2027 | -0.78x | n/a | Current |
All loans maturing in 2027 · 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.