Office · San Francisco, California
640 2nd Street
640 2nd Street is financed with a $14.2M CMBS loan at 3.887% that reaches maturity on April 11, 2032, in 5 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,200,000
- Original balance (same notes)
- $14,200,000
- Interest rate
- 3.887% fixed
- Originated
- March 15, 2022
- Maturity
- April 11, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 10, 2031
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 640 2nd Street, San Francisco, CA 94107
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 24,096 sq ft
- Built
- 1925, renovated 2019
- Largest tenants
- Applovin Corporation
- Value at securitization
- $27.6M (Feb 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.11x | 4.07x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.7M | $2.3M |
| Debt yield | 16.1% |
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 2022-BNK41 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Largest tenant's lease ends 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 32% above the underwritten figure ($2.3M a year against $1.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.11x at securitization to 4.07x on the latest statements.
- The filing gives Jun 2027 as the lease end date for the largest tenant (Applovin Corporation), 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 | $14.2M | Current | No | 4.07x | 100% |
| August 2026 | $14.2M | Current | No | 4.07x | 100% |
| July 2026 | $14.2M | Current | No | 3.59x | 100% |
| June 2026 | $0 | Not reported | No | n/a | n/a |
| May 2026 | $14.2M | Current | No | 3.59x | 100% |
| April 2026 | $14.2M | Current | No | 3.59x | 100% |
| March 2026 | $14.2M | Current | No | 3.59x | 100% |
| February 2026 | $14.2M | Late payment but less than 30 days delinquent | No | 3.59x | 100% |
| January 2026 | $14.2M | Current | No | 3.62x | 100% |
| December 2025 | $14.2M | Current | No | 3.62x | 100% |
| November 2025 | $14.2M | Current | No | 3.62x | 100% |
| October 2025 | $14.2M | Current | No | 3.61x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2022-BNK41 | 20 | $14,200,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Lion Building | San Francisco, CA | Mixed use | $100.0M | 5.197% | Jul 2032 | 2.21x | 100% | Current |
| 800 Cesar Chavez | San Francisco, CA | Industrial | $38.0M | 4.11% | Mar 2032 | 2.00x | 100% | Current |
| Artthaus Studios | Oakland, CA | Office | $23.8M | 3.859% | Feb 2032 | 1.95x | 92% | Current |
| 530 Bush Street | San Francisco, CA | Office | $19.5M | 3.809% | Feb 2032 | -0.37x | 41% | Current |
| Sunol Center-Ca | Pleasanton, CA | Office | $14.2M | 3.78% | Aug 2032 | 2.85x | 100% | Current |
| Industrial Center Building - Art Studios | Sausalito, CA | Industrial | $12.8M | 4.939% | Jun 2032 | 3.20x | 100% | Current |
| Amoeba Music | San Francisco, CA | Retail | $11.3M | 4.82% | Apr 2032 | 1.97x | 100% | Current |
| Hayward Storage | Hayward, CA | Self storage | $7.7M | 4.57% | Apr 2032 | 2.42x | 100% | Current |
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.