Self storage portfolio, 10 properties · Seattle, Washington
700 NW 42nd Street
Public CMBS trusts hold $21.0M of the loan on this portfolio at 5.738% that reaches maturity on January 6, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $21,000,000
- Original balance (same notes)
- $21,000,000
- Interest rate
- 5.738% fixed
- Originated
- December 9, 2025
- Maturity
- January 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2030
- Master servicer
- Midland Loan Services
- Originator
- German American Capital Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 700 NW 42nd Street, Seattle, WA 98107
- Metro
- Seattle-Tacoma-Bellevue, WA
- Value at securitization
- $114.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $8.4M | $8.7M |
| Debt yield | 41.5% |
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 BMO 2026-5C14 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 700 NW 42nd Street | Seattle, WA | Self Storage | n/a | n/a |
| 2703 Seventh St. | Berkeley, CA | Self Storage | n/a | n/a |
| 4020 Leary West Northwest | Seattle, WA | Self Storage | n/a | n/a |
| ActivSpace Portfolio | San Francisco, CA | Self Storage | 94% | 2.08x |
| 10015 Lake City Way NE | Seattle, WA | Self Storage | n/a | n/a |
| 833 SE Main St. | Portland, OR | Self Storage | n/a | n/a |
| 1720 NW Lovejoy St. | Portland, OR | Self Storage | n/a | n/a |
| 3400 Harbor Avenue | Seattle, WA | Self Storage | n/a | n/a |
| 1500 NW 18th Ave | Portland, OR | Self Storage | n/a | n/a |
| 4817 Aurora Avenue North | Seattle, WA | Self Storage | n/a | n/a |
The last 7 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $21.0M | Current | No | n/a | n/a |
| August 2026 | $21.0M | Current | No | n/a | n/a |
| July 2026 | $21.0M | Current | No | n/a | n/a |
| June 2026 | $21.0M | Current | No | n/a | n/a |
| May 2026 | $21.0M | Current | No | n/a | n/a |
| April 2026 | $21.0M | Current | No | n/a | n/a |
| March 2026 | $21.0M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BMO 2026-5C14 Mortgage Trust | 15 | $21,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Amazon @ Atlas | Seattle, WA | Office | $48.4M | 2.405% | Feb 2031 | 5.82x | 100% | Current |
| Redstone Corporate Center I | Lynnwood, WA | Office | $33.2M | 6.375% | Feb 2031 | n/a | n/a | Current |
| Snohomish Station Shopping Center | Snohomish, WA | Retail | $25.3M | 3.32% | Jun 2031 | 2.92x | 99% | Current |
| Shared Roof Seattle | Seattle, WA | Multifamily | $24.4M | 5.915% | Jan 2031 | 1.54x | n/a | Current |
| C.c. Filson World Headquarters | Seattle, WA | Mixed use | $13.1M | 3.626% | Feb 2031 | 3.28x | 100% | Current |
| Rockefeller Square Apartments | Everett, WA | Multifamily | $11.0M | 6.501% | Jun 2031 | n/a | n/a | Current |
| Executive Hotel Pacific Downtown | Seattle, WA | Hotel | $10.0M | 6.62% | Aug 2031 | n/a | n/a | Current |
| Colby Heights | Everett, WA | Multifamily | $8.1M | 6.177% | Jul 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Seattle-Tacoma-Bellevue 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.