Mixed use · San Francisco, California
644 Broadway
644 Broadway is financed with a $21.2M CMBS loan at 4.997% that reaches maturity on April 6, 2028, in 17 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
- $21,200,000
- Original balance (same notes)
- $21,200,000
- Interest rate
- 4.997% fixed
- Originated
- March 30, 2018
- Maturity
- April 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2028
- Master servicer
- Midland
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred July 7, 2020
- Workout strategy
- TBD
- Modified
- Yes, most recently June 6, 2020
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- None reported
The property
- Address
- 644-660 Broadway, San Francisco, CA 94133
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 47,436 sq ft
- Built
- 1963, renovated 2017
- Largest tenants
- CHINA LIVE, LLC; BOXCAR THEATRE, INC; DISHER MUSIC & SOUND, INC
- Value at securitization
- $33.8M (Mar 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.66x | 0.81x |
| Occupancy | 100% | 88% |
| Net operating income (annualized from 6 months) | $1.8M | $1.7M |
| Debt yield | 8.3% |
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 COMM 2018-COR3 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- Modified
- Servicer stopped advancing
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.
What the filing shows
- Occupancy has fallen from 100% when the loan was securitized to 88%.
- Debt service coverage moved from 1.66x at securitization to 0.81x on the latest statements.
- At 0.81x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $13.0M (May 13, 2026), against $33.8M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $21.2M | 90+ days delinquent | Yes | 0.81x | 88% |
| August 2026 | $21.2M | 90+ days delinquent | Yes | 0.81x | 88% |
| July 2026 | $21.2M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $21.2M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $21.2M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $21.2M | 90+ days delinquent | Yes | 0.75x | 88% |
| March 2026 | $21.2M | 90+ days delinquent | Yes | 0.75x | 88% |
| February 2026 | $21.2M | 90+ days delinquent | Yes | 0.75x | 88% |
| January 2026 | $21.2M | 90+ days delinquent | Yes | -0.62x | 88% |
| December 2025 | $21.2M | 90+ days delinquent | Yes | -0.62x | 88% |
| November 2025 | $21.2M | 90+ days delinquent | Yes | -1.04x | 88% |
| October 2025 | $21.2M | 90+ days delinquent | Yes | -1.04x | 88% |
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 July 7, 2020, 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 16 | $21,200,000 | Sep 2026 | SEC filing, September 25, 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 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.