Office · Silver Spring, Maryland
8701 Georgia Avenue
8701 Georgia Avenue is financed with a $11.9M CMBS loan at 4.95% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $11,929,926
- Original balance (same notes)
- $12,900,000
- Interest rate
- 4.95% fixed
- Originated
- January 3, 2019
- Maturity
- January 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred December 24, 2025
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 8701 Georgia Avenue, Silver Spring, MD 20910
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 100,175 sq ft
- Built
- 1961, renovated 2017
- Largest tenants
- Potomac Massage Training Institute Inc.; Aurotech LLC; Baltimore Work Inc.
- Value at securitization
- $20.4M (Nov 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.40x | 1.26x |
| Occupancy | 89% | 68% |
| Net operating income | $1.6M | $832K |
| Debt yield | 7.0% |
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 2019-B9 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since January 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 89% when the loan was securitized to 68%.
- Net operating income is 47% below the underwritten figure ($832K a year against $1.6M).
- Debt service coverage moved from 2.40x at securitization to 1.26x on the latest statements.
- The most recent valuation in the filing is $3.0M (May 15, 2026), against $20.4M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.9M | Late payment but less than 30 days delinquent | Yes | 1.26x | 68% |
| August 2026 | $11.9M | Late payment but less than 30 days delinquent | Yes | 1.26x | 68% |
| July 2026 | $11.9M | Current | Yes | 1.26x | 68% |
| June 2026 | $12.9M | 90+ days delinquent | Yes | 1.37x | 65% |
| May 2026 | $12.9M | 60-89 days delinquent | Yes | 1.37x | 65% |
| April 2026 | $12.9M | 30-59 days delinquent | Yes | 1.37x | 65% |
| March 2026 | $12.9M | Late payment but less than 30 days delinquent | Yes | 1.37x | 65% |
| February 2026 | $12.9M | Late payment but less than 30 days delinquent | Yes | 1.37x | 65% |
| January 2026 | $12.9M | Late payment but less than 30 days delinquent | Yes | 1.37x | 65% |
| December 2025 | $12.9M | Current | No | 1.37x | 65% |
| November 2025 | $12.9M | Current | No | 1.36x | 67% |
| October 2025 | $12.9M | Current | No | 1.36x | 67% |
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 December 24, 2025, 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 |
|---|---|---|---|---|
| BENCHMARK 2019-B9 MORTGAGE TRUST | 24 | $11,929,926 | Sep 2026 | SEC filing, September 30, 2026 |
Other Washington-Arlington-Alexandria loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Parklawn Building | Rockville, MD | Office | $261.6M | 3.398% | Nov 2029 | 2.79x | 73% | Current |
| 1812 North Moore | Arlington, VA | Office | $172.7M | 7.53% | May 2029 | 0.96x | 99% | Late, less than 30 days |
| Uline Arena | Washington, DC | Mixed use | $120.0M | 4.04% | Aug 2029 | 1.68x | 94% | Current |
| 425 Eye Street | Washington, DC | Office | $102.2M | 1.00% | Jan 2029 | 3.57x | 77% | Current |
| 2001 K Street | Washington, DC | Office | $95.0M | 7.388% | May 2029 | 1.43x | 97% | Current |
| Tysons Corner Center - Office Tower | McLean, VA | Office | $95.0M | 3.33% | Oct 2029 | n/a | n/a | Current |
| Potomac Tower | Arlington, VA | Office | $84.0M | 7.60% | Sep 2029 | 1.66x | 100% | Current |
| Powered Shell Portfolio - Manassas DC-18 | Manassas, VA | Industrial | $83.8M | 3.637% | Jul 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Washington-Arlington-Alexandria 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.